Ready Meal Market Size, Share, Analysis, Applications, Growth Insight, and Future Forecast - 2028

The global-ready meal market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028).

Ready meals are complete meals that are sold in shops. They are already prepared in advance and just need minimal cooking for further processing before consumption. Ready meal saves time and requires minimum effort for cooking and they are easy to handle and store. The increased preference for these meals by the working population and students is accelerating the market growth. During the COVID-19 pandemic, consumers were constantly purchasing ready-to-eat or ready-to-cook meals as they were easily available at affordable prices. This, in turn, has resulted an increased growth of the global ready meal market.

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Additionally, there is a growing inclination of consumers towards organic foods as they are aware of the unhealthy production and cultivation of food crops. Organic ready meals are gaining demand as they are verified natural products and they are also healthier than traditional ready meals. This is expected to offer an opportunity for the market growth. However, an increase in health awareness and negative perceptions pertaining to the health effects of ready meals are restraining the growth of the market.

Some major players in the market include Nomad Foods, Nestlé S.A., and McCain Foods Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market.

Recent Strategic Initiatives
• In February 2022, a new ready meal startup called The Prep Kitchen was launched in the UK offering frozen healthy gourmet pre-packaged dishes. The pre-prepared meals include beef and green beans pasta in soy sauce, one-pot turkey chili with rice, and spicy cod.

• In January 2021, India-based The Taste Company expanded its product portfolio to include non-vegetarian pre-packed meals. These are made with traditional home-style cooking methods to eliminate the need for preservatives or artificial colors.

• In August 2020, ready meal manufacturer Symington's Ltd. launched its own D2C platform in response to the increase in online shopping for pre-packaged foods.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Distribution Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Nomad Foods, Nestlé S.A., and McCain Foods Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Ready Meal Market Report by Segment

By Product Type
• Frozen Ready Meals
• Chilled Ready Meals
• Canned Ready Meals
• Organic Meals
• Freeze-Dried Ready Meals

By Distribution Channel
• Supermarkets/ Hypermarkets
• Convenience Stores
• Online Retailers
• Others

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.