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Growthing Factors of Frozen Ready Meals Market 2019 | Atkins Nutritionals, Inc., Dr. Oetker GmbH, H.J. Heinz, General Mills, Inc., Daiya Foods Inc., California Pizza Kitchen, Nestle S.A., McCain Foods Ltd
The growth of the organized retail sector in the European countries, as well as the U.S., is likely to boost the frozen ready meals market demand in the years ahead. Convenience stores, supermarkets, discount stores, and hypermarkets are the major distributors and promoters of the frozen ready meals. Consumers prefer frozen ready meals due to ease in preparing these foods, low proportion of nutrition loss, and extended life of the food products.Global Frozen Ready Meals Market: Growth Factors
The massive demand for on-the-go convenience foods among the urban as well as dual-income homes is likely to steer the growth of frozen ready meals industry. Apart from this, changing consumer habits & tastes along with the launching of cutting-edge technologies to enhance the customer experience has favorably leveraged the growth of the frozen ready meals industry. Furthermore, busy & hectic work schedules of the working professionals are likely to result in more demand for frozen ready meals across the globe.
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Moreover, massive demand for the product from countries like Italy, Australia, the U.S., Spain, the UK, and France will positively influence the market expansion in the years to come. Apparently, growing innovation in the packaging sector and an increase in the number of consumer packaged product manufacturers are likely to steer the growth of the frozen ready meals industry in the coming decade. In addition to this, the growing need for value-added food products along with the rapidly changing behavior of the customer will drive the growth of the frozen ready meals market within the next couple of years. However, the regular intake of the frozen ready meals can produce health issues like hypertension in the consumers, thereby inhibiting the industry growth.
Global Frozen Ready Meals Market: Segmentation
The overall frozen ready meals market can be classified based on product and distribution channel. On the basis of product, the market for frozen ready meals is further divided into frozen pizza, frozen entrée, beef, chicken, vegan, and others. Based on the distribution channel, the industry is segregated into hypermarkets, convenience stores, grocery stores, and supermarkets.
Global Frozen Ready Meals Market: Regional Analysis
European region anticipates leading the frozen ready meals market. The region is likely to make significant contributions towards the overall market expansion during the forecast timeline. The retailers and consumer packaged goods producers in the region are offering value-added products at reasonable costs to the customers and this is likely to drive the regional market surge.
Moreover, the Asia Pacific market is projected to record the highest gains during the projected timespan owing to an increase in the number of organized retail outlets in the region.
Global Frozen Ready Meals Market: Competitive Players
Some of the key players in frozen ready meals industry include Atkins Nutritionals, Inc., Dr. Oetker GmbH, H.J. Heinz, General Mills, Inc., Daiya Foods Inc., California Pizza Kitchen, Nestle S.A., McCain Foods Ltd., Nomad Foods, Connies Pizza, Conagra Brands, Inc., Tyson Foods, Inc., and FRoSTA AG.
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