Ready Meals Market 2023 - By Size, Business Opportunities, Upcoming Trends And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Ready Meals Global Market Report 2023 identifies growing awareness of food products with extended shelf lives as the major driver for the Ready Meals market's growth in the forecast period. The shelf life of a product is described as the amount of time it may be safely consumed while retaining its desired features such as sensory, functional, chemical, and microbiological properties. People are on the lookout for food with a long shelf life such as ready meals as they are convenient, inexpensive, fast, and pre-portioned with extended shelf lives.

The global ready meals market size grew from $154.5 billion in 2022 to $169.01 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The ready meals market size is expected to grow to $244.09 billion in 2027 at a CAGR of 9.6%.

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Major competitors in the Ready Meals market are Tyson Foods Inc., Unilever Group, Nestle, Conagra Brands Inc., Kerry Foods, Chao Xiang Yuan Food Co. Ltd.

A key trend in the Ready Meals market includes increasing demand for fresher and more convenient nutritionally compliant dietary standards. For instance, in September 2020, FiveStar Gourmet Foods ltd launched the Simply Fresh2GO ready-to-eat meals product line to deliver both in retail and school food services channels to meet strict national school lunch dietary standards. It maintains that each item in the line has a balanced complete meal including protein, grains, fresh vegetables, and fruits.

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The Ready Meals market is segmented -

• By Product: Frozen, Chilled, Canned, Dried
• By Distribution Channel: Supermarket / Hypermarket, Convenience Store, Online
• By End-User: Residential, Food Services
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Ready Meals market.

The Business Research Company's "Global Ready Meals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Ready Meals Market Include:

1. Executive Summary
2. Ready Meals Market Characteristics
3. Ready Meals Market Trends And Strategies
4. Ready Meals Market - Macro Economic Scenario
5. Ready Meals Market Size And Growth
…………………………
26. Africa Ready Meals Market
27. Ready Meals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ready Meals Market
29. Ready Meals Market Future Outlook and Potential Analysis
30. Appendix

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