Global Dinner RTE Foods Market Size Estimated to Reach 152.4 Billion by 2027
Research Reports
Apr 06, 2022
Global Dinner RTE Foods Market size is estimated to reach 152.4 billion by 2027, growing at a CAGR of 6.0% during the forecast period 2022-2027. Dinner RTE Foods include classic frozen RTE food products like frozen pizza and different kinds of frozen vegetarian foods stocked under acutely low temperatures. Numerous RTE foods depend on acidic conditions to inhibit the development of pathogens. However, bacteria like Listeria monocytogenes, Salmonella, Escherichia coli, Clostridium botulinum, and Clostridium perfringens can survive and develop under the acid conditions in these acidic RTE foods, offering a health hazard. L. monocytogenes is one of the most significant foodborne pathogens and the most lethal one, bringing about a greater count of demises than any other foodborne pathogen. This bacterium utilizes different mechanisms to survive under acidic conditions that also permit it to pass by way of the stomach. Glutamate decarboxylase and arginine deiminase are the most vital systems, while other mechanisms also provide acid resistance. Plant extracts are increasingly evolving into vital added ingredients in the food industry owing to their antimicrobial and antioxidant capabilities that defer the growth of off-flavors and enhance the color balance in ready-to-eat (RTE) meat products. Personal hygiene is a determinant impacting the microbial security of ready-to-eat foods. Two extensively utilized kinds of hand hygiene products are antibacterial liquid soaps and alcohol-based hand sanitizers. Sodium hypochlorite influences the integrity of both capsid protein and viral RNA, while ethanol influences the viral capsid protein, but not the nucleic acid. The surging demand for frozen food owing to their long shelf life is set to drive the Global Dinner RTE Foods Market. The soaring novel product launches which may include plant extracts and heightened marketing campaigns are set to propel the growth of the Global Dinner RTE Foods Market during the forecast period 2022-2027.
Global Dinner RTE Foods Market Segment Analysis – By Type:
The Global Dinner RTE Foods Market based on type can be further segmented into Frozen Dinner RTE Foods, Chilled Dinner RTE Foods, and Canned Dinner RTE Foods. The Frozen Dinner RTE Foods Segment held the largest market share in 2021. This growth is owing to the proliferating recognition of Frozen Dinner RTE Foods which may involve plant extracts. The expeditious requirement to hoard necessary food to cruise through the COVID-19 pandemic together with the surging demand for frozen food owing to its lengthy shelf-life is further propelling the growth of the Frozen Dinner RTE Foods segment.
Furthermore, the Canned Dinner RTE Foods segment is estimated to grow with the fastest CAGR of 6.4% during the forecast period 2022-2027 owing to the extensive utilization of Canned Dinner RTE Foods like canned beans which can satisfy the protein requirements together with the application of plant extracts.
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Global Dinner RTE Foods Market Segment Analysis – By Distribution Channel:
The Global Dinner RTE Foods Market based on distribution channel can be further segmented into Hypermarkets And Supermarkets, Independent Retailers, Convenience Stores and Others. The Hypermarkets And Supermarkets Segment held the largest market share in 2021. This growth is owing to the soaring intake of Dinner RTE Foods purchased from supermarkets and hypermarkets amidst the COVID-19 pandemic. The ease of utilization of Dinner RTE foods with no preparation time and the effortless availability of an extensive assortment of Dinner RTE Foods, which may involve plant extracts, developed by different brands in one place namely the specific supermarket or hypermarket are further propelling the growth of this segment.
Furthermore, the Others segment is estimated to grow with the fastest CAGR of 6.6% during the forecast period 2022-2027 owing to the surging infiltration of eCommerce online with numerous online stores marketing different Dinner RTE foods probably involving plant extracts, which can be effortlessly accessed at the click of a button, at fingertips, with home delivery and discount options, amidst the COVID-19 pandemic.
Global Dinner RTE Foods Market Segment Analysis – By Geography:
The Global Dinner RTE Foods Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. Europe RTE Foods Market held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the soaring demand of Dinner RTE Foods which may include plant extracts marking a considerable recovery in the post-pandemic scenario in the European region. The surging e-commerce infiltration sustaining demand is further propelling the growth of the Global Dinner RTE Foods Market in the European region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like constant expansion and intake of Dinner RTE Foods which may include plant extracts in the Asia-Pacific region. The spindling growth in countries like India and China with both countries attaining multi-billion-dollar valuation in conjunction with the increasing predominance of COVID-19 infections pushing consumers to stock instant food resulting in augmented sales is further fuelling the progress of the Global Dinner RTE Foods Market in the Asia-Pacific region.
Global Dinner RTE Foods Market Drivers
Surging Innovations Are Projected To Drive The Growth Of Global Dinner RTE Foods Market:
Apart from the application of plant extracts in the food industry, innovative instant pulse and grain solutions for Ready To Eat (RTE) meals are being developed. Cham introduced plant-based ready meals and soups with novel instant pulses and grains. Meiron, Israel Cham Foods, Ltd., introduced a line of dry, ready-to-eat (RTE) pulses and grains for instant meals and soups to fulfill the demand for a fast, nourishing meal at home or on the go. The novel line keeps up the complete flavor and texture of grains and legumes, responding to the unmet requirements of entrenched food firms, diet-meals start-ups, and creative rising brands. Surging innovations are therefore fuelling the growth of the Global Dinner RTE Foods Market during the forecast period 2022-2027.
Extensive Application Of Plant Extracts Is Expected To Boost The Demand Of Global Dinner RTE Foods:
Plant extracts are evolving more and more into significant added ingredients in the food industry owing to their antimicrobial and antioxidant capabilities that defer the growth of off-flavors and enhance the color balance in ready-to-eat (RTE) meat products. Owing to their organic origin, they are superior candidates to take the place of synthetic molecules, which are typically thought out to possess toxicological and carcinogenic impacts. The sensory impacts of these extracts on RTE meat products and the probable synergistic impacts of integration of extracts are analysed. The comprehensive utilization of plant extracts to enhance the shelf-life, nutritional and health-associated characteristics of ready-to-eat meat products are therefore driving the growth of the Global Dinner RTE Foods Market during the forecast period 2022-2027.
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Global Dinner RTE Foods Market Challenges
Increased Health Issues And Unfavorable Impression Impacting Consumer Behavior Adversely Are Hampering The Growth Of The Global Dinner RTE Foods Market:
Numerous health specialists declare that constant intake of Ready To Eat (RTE) food products may result in high blood pressure and cholesterol. Furthermore, these kinds of foodstuffs establish hypertension, diabetes, and heart ailments. This averts health-conscious consumers from buying these kinds of products. It is noted that nearly all of the elderly city dwellers are under the notion that the food preservatives utilized in the RTE products minimize their nutritive value. Consequently, they forbid the younger generations from partaking in the packaged ready to eat (RTE) food products, thereby restraining the market. These issues are thus hampering the growth of the Global Dinner RTE Foods Market.
Global Dinner RTE Foods Industry Outlook
Novel product launches, mergers & acquisitions, expansions of existing portfolios and strategic collaborations are key strategies adopted by players in the market. Global Dinner RTE Foods top 10 companies include:
- Nestle
- Unilever
- Kraft Heinz
- McCain Foods Limited
- General Mills
- Sigma Alimentos
- Campbell Soup
- ConAgra
- Schwan’s Company
- Tyson Foods
Recent Developments
In November 2021, The Kraft Heinz Company declared a secondary offering of shares of its common stock (the “Offering”). In the Offering, which is based on market and additional conditions, some affiliates of 3G Global Food Holdings LP (the “Selling Stockholder”) aim to present 30,596,465 shares of common stock (“Common Stock”) for sale. The firm will not accept any income from the Offering.
In January 2021, Kraft introduced Candy Kraft Mac & Cheese for Sweethearts to commemorate their better half this Valentine’s Day. KraftMac & Cheese is introducing a limited-edition Candy KraftMac & Cheese for Valentine’s Day. Candy KraftMac & Cheese is prepared with the identical cheesy KraftMac & Cheese Americans know and love but involves a candy flavor packet to change the mac & cheese into pink and include indications of sweet candy flavor.
In June 2021, Tyson Foods, Inc. is introducing a novel line of plant-based products in select retail markets and e-Commerce across the Asia Pacific under the brand, First Pride™. This is the earliest time the firm has launched plant-based products in Asia, as it acts to make protein more reachable and economical for more people across the globe. Tyson Foods is originally introducing the products in Malaysia and will feature them in additional markets in the region in the forthcoming months.
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Key Takeaways
Geographically, Europe Global Dinner RTE Foods Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the considerable boost in demand for Dinner RTE foods which may involve plant extracts in the post-pandemic scenario in the European region.
Global Dinner RTE Foods Market growth is being driven by the escalating endeavors of makers to launch innovative flavors and nutrient blends probably involving plant extracts backing the Global Dinner RTE Foods Market amidst the COVID-19 pandemic. However, the relevant technical expertise to produce ready-to-eat foods securely is essential and in the absence of such expertise it is strongly advocated to look for suitable expert advice and this is one of the major factors hampering the growth of Global Dinner RTE Foods Market.
Global Dinner RTE Foods Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Dinner RTE Foods Market report.
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https://www.industryarc.com/Research/Global-Canned-Preserved-Foods-Market-Research-514085
B. Freeze-Dried Foods Global Market
https://www.industryarc.com/Research/Freeze-Dried-Foods-Global-Market-Research-513291
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