openPR Logo
Press release

Ready Meals Market Expected to Reach $146,247 Million by 2023 With CAGR 10.6%

06-05-2019 09:58 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Ready Meals Market

Ready Meals Market

According to a new report published by Allied Market Research titled, "Ready meals Market by Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023," the ready meals market was valued at $72,257 million in 2016, and is expected to reach $146,247 million by 2023, registering a CAGR of 10.6% during the forecast period. Europe dominated the global ready meals market, accounting for one-third of the total market share in 2016.

Ready meals can be described as precooked meals that require minimal time for preparation. Changes in lifestyle of people results in surge in demand for packaged and ready-to-eat food products. Increase in population and cost-effectiveness of these meals are other factors that supplement market growth. According to National Institutes of Health (NIH), above 90% of the U.S. population consume ready meals daily, which further boosts the growth of the market. However, health concerns and negative perceptions of customers pertaining to health effects of ready meals hinder the market growth.
In addition, events such as horse meat scandal in UK (2013) has played a role in drawing consumers away from these meals. Furthermore, manufacturers are unable to ensure consistency and quality with existing transportation and storage systems, which hampers growth prospects of ready meals market. Thus, manufacturers are now focusing more on packaging factor, which plays a significant role in retaining product quality, texture, shelf life, color, and taste of the ready meals. Manufacturers collaborate with companies involved in packaging to produce innovative and advanced packaging such as biodegradable barrier tray, which is anticipated to drive the market growth in the near future.

Do Enquiry for Sample Report@ https://www.alliedmarketresearch.com/request-sample/2636

Frozen pizza segment is expected to dominate the global ready meals market during the forecast period. However, chilled pizza is anticipated to gain traction in the near future. Improvements in nutritional value, ease with which frozen pizza can be cooked, and interesting ingredient profiles are projected to supplement the growth. In 2016, frozen pizza and chilled pizza segments collectively accounted for more than one-third share in the global ready meals market.

The store-based retailing segment accounted for significant share in the global ready meals market in 2016, and is anticipated to remain dominant during the forecast period, as people prefer to shop food products from stores instead of online portals.

Do Enquiry before purchasing Report@ https://www.alliedmarketresearch.com/purchase-enquiry/2636

KEY FINDINGS AND SCOPE
• In terms of value, the chilled pizza segment is expected to grow at a CAGR of 14.1% during the forecast period.
• Europe is projected to maintain its lead position throughout 2023, growing at a CAGR of 10.5%, in terms of value. Asia-Pacific is anticipated to witness the highest growth during the forecast period.
• Store-based retailing segment is estimated to occupy more than half share of the total market in 2016.
• China is expected to occupy more than half share of the total Asia-Pacific ready meals market by 2023.
• In the global ready meals market, India is expected to grow at a high CAGR of 12.6%, in terms of value, from 2017 to 2023.

In 2016, Europe and Asia-Pacific together accounted for approximately three-fifths share of the total ready meals market, and Europe is expected to continue to be dominant during the forecast period. The European ready meals market is anticipated to grow at a significant CAGR. Development of the food & beverage sector and increase in demand for packaged food are the major reason for the growth of the market in Europe.

The key players profiled in the report are Bakkavor Foods Ltd., ConAgra, Greencore Group Plc., JH Heinz Company Ltd., Nestle SA, Fleury Michon, Unilever Group, Northern Food Ltd., Kerry Foods Ltd., and Premier Foods Group Ltd.

Ask for discount before buying@ https://www.alliedmarketresearch.com/get-discount/2636

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ready Meals Market Expected to Reach $146,247 Million by 2023 With CAGR 10.6% here

News-ID: 1765226 • Views: 204

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Ready

Amarc Services Ready For Winter
United Kingdom 10-11-2018. Amarc Services is well aware that winter is approaching, and this season causes a lot of problems in the home. The drop in temperature is a major issue but it is the increase in demand for hot water and heat around the home that creates the conflict and issues that cause pipes to burst, taps to leak and all manner of issues around the home. Therefore, Amarc
Collabe Ready For Seed Funding
Team communication platform Collabe is all set for seed funding. Collabe, a team communication tool designed for small and medium-size enterprises was successfully launched in April 2017 and within two months of its launch has received an encouraging feedback. The team communication tool, set up for companies with tens to hundreds of employees gives them an interactive platform to communicate with their globally distributed workforce. Collabe has received great
Born Ready Apparel Neon Clocks
Born Ready Apparel presents the perfect time piece to represent your Coast Guard service. Bright, Bold and on time. Born Ready Apparel is now offering the perfect piece of artwork to represent the pride and tenacity of a Coast Guard Member. Neon clocks are a unique addition to any room, office, garage, or shed. Born Ready Apparel’s original designs and Official Coast Guard images circled by beautifully colored neon
Ready for the smart factory?
“FutureKomp 4.0” aims at identifying Industry 4.0 skills needs ahead of time The advent of smartphones in factories not only fundamentally changes production processes, but also impacts manufacturing companies’ personnel policy. Industry 4.0 brings with it changes to the world of work that call for innovative further training concepts. As part of the FutureKomp 4.0 project, the University of Stuttgart’s IAT, which collaborates closely with Fraunhofer IAO, is working to identify
Ready for SAP HANA
Basel, April 7, 2014 – Swiss-based SAP hosting provider syslink is ready for operation of the first SAP HANA systems, in particular for SME. During the first quarter of 2014 the whole SAP Basis staff has completed practice-oriented training. These training sessions have been compiled from the lessons learned during the SAP HANA project at Swiss Coop. syslink was able to gain substantial knowledge in SAP HANA projects and operation because
Ready to scale and grow
Real-time billing for more than 100 million subscribers Paderborn (Germany), 27 July 2010: Communication Service providers today need to be able to handle billing for 100M or even more subscribers on a single system. The ability to upscale is essential to ensure revenues and satisfy customers. Orga Systems, #1 choice for real-time charging and billing, offers convergent telecom rating, charging and billing solutions based on an integrated suite of products.