Ready Meals Market Worth USD 146.247 Billion by 2023

The Global Ready Meals Market size was valued at USD 72.257 Billion in 2016 and is expected to reach USD 146.247 Billion by 2023, registering a CAGR of 10.6% from 2017 to 2023

Ready meals are defined as precooked meals that are prepared with minimum efforts. The ready meals market is characterized by the presence of large players with frequent innovations and product launch as their major strategy.

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Increase in demand for packaged food predominantly drives the growth of the global ready meals market. Globally, the demand for packaged food is anticipated to increase at a moderate rate due to change in lifestyle and consumer preferences for ready-to-eat food products. In addition, rise in disposable income of people is expected to boost the demand for ready meals during the analysis period.

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The report segments the global ready meals market based on type, distribution channel, and geography. On the basis of type, the market is divided into canned/preserved ready meals, chilled pizza, chilled ready meals, dried ready meals, frozen pizza, frozen ready meals, and prepared salads. By distribution channel, it is classified into store-based retailing and online retailing. The store-based retailing segment is broadly classified into supermarkets/hypermarkets, discounters, convenience stores, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to dominate the global ready meals market till 2023.


Asia-pacific Ready Meals Market

The consumption of ready meals in Asia-Pacific is expected to rise, owing to growth in population, development in the food & beverage industry, and stable economic growth. Ready meals are widely accepted by the Australian customers, as they are relatively cheaper and convenient option than junk food. Changes in standard of living, increase in number of working women, and rise in number of single-person households are primary factors that drive the growth of the ready meals market in Japan.

The key players profiled in the report are

o Bakkavor Foods Ltd.
o ConAgra
o Greencore Group Plc.
o JH Heinz Company Ltd.
o Nestle SA
o Fleury Michon
o Unilever Group
o Northern Food Ltd.
o Kerry Foods Ltd.
o Premier Foods Group Ltd.
o Others

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations in the global ready meals market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.

MARKET SEGMENTATION

By Type

o Canned/Preserved Ready Meals
o Chilled Pizza
o Chilled Ready Meals
o Dried Ready Meals
o Frozen Pizza
o Frozen Ready Meals
o Prepared Salads

By Distribution Channel

o Store-based Retailing
o Supermarkets/Hypermarkets
o Discounters
o Convenience Stores
o Online Retailing
o Others

By Geography

o North America
o U.S.
o Canada
o Mexico
o Europe
o France
o Germany
o UK
o Spain
o Italy
o Rest of Europe
o Asia-Pacific
o India
o China
o Japan
o Korea
o Australia
o Rest of Asia-Pacific
o LAMEA
o Brazil
o KSA
o South Africa
o Rest of LAMEA

Other players in the value chain include

o Oetker-Gruppe
o Frosta AG
o Campbell Soup Co
o Bofrost Dienstleistungs GmbH & Co KG
o Iglo Bird's Eye Frozen Foods
o Freiberger Lebensmittel GmbH & Co KG
o Hilcona AG
o Gartenfrisch Jung GmbH
o Bonduelle Groupe SA
o General Mills Inc.

*Profiles of these players are not included in the report, but can be included on request.

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