Press release
Ready to Eat Food Market (RTE) Expected to Exhibit a Growth Rate (CAGR) of 4.6% | Forecast 2023-2028
Ready to Eat (RTE) Food Market
Report Highlights
๐๐ก๐๐ญ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐๐ข๐๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐๐๐๐ฒ ๐ญ๐จ ๐๐๐ญ ๐ ๐จ๐จ๐?
The global ready to eat (RTE) food market is expected to exhibit a growth rate (CAGR) of 4.6% during 2023-2028.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/ready-to-eat-food-market/requestsample
What is Ready to Eat Food?
Ready to Eat (RTE) food refers to packaged meals that are prepared in advance and are ready for consumption without requiring any further cooking or preparation. The primary characteristic of these foods is convenience, as they save consumers the time and effort associated with meal preparation. RTE foods span a wide spectrum of products, including canned foods, frozen foods, microwave meals, and fresh, shelf-stable meals. These meals are extensively used across households, commercial establishments, travel, and tourism industry, where ease of preparation, reduced cooking time, and long shelf life are crucial factors. Given the advancements in food processing technology, RTE foods have evolved to encompass a diverse range of culinary preferences, dietary restrictions, and nutritional profiles, effectively catering to the dynamic consumer demands across the globe. They are preserved using advanced techniques such as freeze-drying, pasteurization, or vacuum treatment, ensuring their safety and durability.
What are the Growth Prospects and Trends in the Ready to Eat Food Market?
The escalating demand for convenience among the masses majorly drives the global market. This can be supported by the rise in the fast-paced lifestyle, where consumers are increasingly seeking convenience food options that cater to their busy schedules. Along with this, the expansion of retail and online food distribution channels has improved consumer accessibility to a wide range of RTE foods, thereby significantly supporting the market. In addition, the growing focus on health and wellness has given rise to a new segment within the RTE market - nutritionally balanced, 'clean label', and organic RTE foods, positively influencing the market. Apart from this, the COVID-19 pandemic reinforced the need for safe, hygienic, and easy-to-prepare food options, thereby strengthening the demand for RTE products globally. Furthermore, the growing consumer consciousness towards sustainable practices encouraging manufacturers to offer eco-friendly packaging solutions is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income levels.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=2572&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who are the Key Players Operating in the Ready to Eat Food Industry?
The competitive landscape of the industry has also been examined with some of the key players.
โข 2 Sisters Food Group (Boparan Holdings)
โข ADF Foods Ltd.
โข Bakkavor Foods Ltd.
โข Birds Eye Ltd.
โข Findus Group Ltd.
โข General Mills Inc.
โข Greencore Group Plc.
โข ITC Limited
โข McCain Foods
โข MTR Foods Pvt Ltd. (Orkla ASA)
โข Nomad Foods Ltd.
โข Premier Foods Group Ltd.
What is Included in Market Segmentation?
The report has categorized the market based on product type, packaging type and distribution channel.
Breakup by Product Type:
โข Meat/Poultry Based
โข Cereal Based
โข Fruits/Vegetable Based
โข Others
Breakup by Packaging Type:
โข Canned
โข Frozen/Chilled
โข Retort
โข Others
Breakup by Distribution Channel:
โข Supermarkets and Hypermarkets
โข Convenience Stores
โข Food Specialty Stores
โข Departmental Stores
โข Online Stores
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ญ๐ก ๐๐จ๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=2572&flag=C
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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