Press release
The Global Ready Meals Market is estimated to grow during the forecast period some of the key players are Fleury Michon, ConAgra, Greencore Group Plc., Kraft Heinz, Nestle, Northern Food Ltd., Kerry Foods Ltd., and Unilever
DescriptionBy 2022, the Global Ready Meals Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. Complete meals, whether frozen, chilled, canned or dried, which require only heating before being served are categorized as ready meals. They include a large portfolio of food products, ranging from beef meals, chicken meals and frozen pizza to a variety of vegetables and fruits. Ready meals are a convenient alternative to cooking at home and are increasingly becoming popular among the working populating as they require minimal time and effort for preparation.
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Market Dynamics
Due to hectic lifestyle, a rising population of consumers is now preferring ready-to-eat meals that are quick and cost-effective. The rising disposable income of consumers is further propelling the growth of the market. Moreover, vendors are constantly trying to introduce healthier ready meals and low carbon, biodegradable barrier tray packaging - thus maintaining the quality of food and, at the same time, increasing the shelf life of products.
Conversely, a negative perception of health-conscious consumers pertaining to the health effects of convenience and on-the-go food is adversely affecting the market growth. The consumption of these meals is increasingly being associated with a rise in the prevalence of obesity and other lifestyle-related diseases. Furthermore, events such as the horse meat scandal of 2013 (UK) have played a major role in drawing consumers away from these meals. The existing storage and transportation system has resulted in manufacturers being unable to ensure quality and consistency, which has further hampered the growth prospects of the market.
Market Segmentation
The global ready meals market is fragmented on the basis of product type and distribution channel.
Product Type
Frozen ready meals
Chilled ready meals
Canned ready meals
Dried ready meals
Distribution Channel
Hypermarkets and supermarkets
Convenience stores
Independent retailers
Geographical Analysis
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Europe, driven by countries like U.K., Germany, France, Spain, and Russia,is the major contributor to the global ready meals market and is predicted to continue its dominance, due to the introduction of various healthy ready meals such as frozen salads, vegetables, and gluten-free meat. North America is the next big market due to an increase in the demand for pre-packaged and pre-cooked food. The Asia Pacific region is anticipated to flourish owing to a rising population, rapid industrialization, and financial strengthening of the consumer base in emerging economies such as India and China.
Key Players
Prominent companies such as Fleury Michon, ConAgra, Greencore Group Plc., Kraft Heinz, Nestle, Northern Food Ltd., Kerry Foods Ltd., and Unilever are investing large capital in R&D to launch innovative products in order to stay ahead in the market.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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Email:sales@kennethresearch.com
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