Ready-to-Eat Meals Market to Hit $188.0 Bn Globally by 2030 – Exclusive Report by The MRFR
Research Reports
Feb 13, 2024
Ready-To-Eat Meals Market Overview
Market Research Future (MRFR) ‘s report highlights the Ready-To-Eat Meals Market will achieve USD 188.0 billion by 2030 at an 10.98% CAGR.
Market Synopsis:
Foods that are prepared for immediate consumption do not need much more processing. Most of the time, they are eaten raw or uncooked. Because they are already cooked, and readily available year-round, ready meals are an affordable alternative to traditional dishes. Due to the busy lives of working people and college students, as well as the shifting dietary habits of customers toward ready-to-eat food products, the market is likely to grow. Ready-to-eat food comes in various forms, from already-prepared meals to frozen pizzas to delivery containers. Many healthy options are also available, even though when most people hear the term “ready-to-eat,” they picture unhealthy options. The need for ready-to-eat food rises along with the demand for convenience. Since a few years ago, this kind of food has become more popular, and this trend shows no signs of stopping.
Busy schedules, the rise in one-person households, and the popularity of delivery and takeout services are a few factors contributing to this. In some stores, prepared meals consumed on the go are now a specialty. Due to their busy lifestyles, instant or simple-to-prepare snacks and ready meals have become very popular, particularly with working-class people, teenagers, hostel people, and bachelors. Additionally, immediate consumption and managing products are closely related to what ready-to-eat food can provide. As a result, the need for prepared meals is rising due to the ease of consumption and the simultaneous support of disposable packaging. Meanwhile, the trend regarding more plant-based/vegan elements and sustainable wrapping with less plastic and waste is changing how packaged food boxes are perceived. Brands are under increasing pressure to provide more effective products for the environment.
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Market Competitive Landscape:
The prominent contenders in the ready-to-eat meals market are
Kerry Group
Conagra Foods Inc.
Associated British Foods Plc
General Mills Inc.
Premier Foods Plc
Unilever
Tyson Foods Inc
Greencore Group Plc
Grupo Bimbo
Browse In-depth Market Research Report (110 Pages) on Ready-to-Eat Market:
https://www.marketresearchfuture.com/reports/ready-to-eat-meals-market-1979
Market Segmentation:
By distribution channel, the market includes store-based and non-store-based. By type, the market includes rice & noodles, salads, pasta & pizzas, soups, and gravies & curries.
Regional Insights:
North America accounts for the second-biggest ready-to-eat meals share of the market. Customers’ changing food preferences due to growing health consciousness and concerns about food safety drive the region’s product demand. Additionally, consumer confidence and perceptions of the products’ healthfulness are valuable for gluten-free, pre-packaged vegan, and organic foods. Ready-to-eat meals are becoming increasingly popular due to their portability, convenience, and availability of new options. Additionally, the market for ready-to-eat meals in the United States had the greatest share of the market, while the market for such meals in Canada had the fastest rate of expansion in the continent of Europe.
In the upcoming years, Europe is anticipated to experience significant growth due to the introduction of cutting-edge products. From 2022 to 2030, the market for ready-to-eat meals in Asia-Pacific is anticipated to expand fastest. The market is growing due to increasing disposable income among consumers and rising demand for ready-meal products. Additionally, the rapid industrialization of developing countries like India and rising living standards will boost the demand for pre-packaged meals.
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