Ready Meals Market 2024-2033: Future Scope, Business Statistics, Growth Rate And Major Players | Nestlé S.A., PepsiCo Inc., JBS S.A., Unilever Group, Tyson Foods Inc.

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Ready Meals Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The ready meals market size has grown strongly in recent years. It will grow from $168.44 billion in 2023 to $184.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to changing consumer lifestyles, increased urbanization, rise of single-person households, evolving eating habits, innovation in packaging and preservatives.

The ready meals market size is expected to see rapid growth in the next few years. It will grow to $272.76 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to continued emphasis on convenience, globalization of cuisine, health and wellness considerations, expansion of e-commerce platforms, innovations in dietary preferences. Major trends in the forecast period include tech-driven cooking and meal preparation, focus on health claims and transparency, customization and personalization, innovations in meat alternatives, expanding breakfast and snacking options.

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Key Market Players:
Major companies operating in the ready meals market report are Nestlé S.A., PepsiCo Inc., JBS S.A., Unilever Group, Tyson Foods Inc., Mars Incorporated, The Coca-Cola Company, Mondelez International Inc., Danone S.A., Kraft Foods Group Inc., General Mills Inc., Kellogg Company, Smithfield Foods Inc., Conagra Brands Inc., The Hershey Company, Ajinomoto Co Inc., BRF Global Market S.A., Kerry Group plc, Campbell Soup Company, McCormick & Company Inc., Post Holdings Inc., Fleury Michon S.A., Beyond Meat Inc., Eat Just Inc., Gobble Inc., Impossible Foods Inc., Sakara Life Inc., Dr. Oetker GmbH, Chao Xiang Yuan Food Co Ltd.

Market Drivers:
The growing awareness of food products with extended shelf lives is significantly contributing to the growth of the ready meals market. 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. For instance, in April 2023, according to World Technology Ingredients, Inc., a US-based manufacturing company of food ingredients, food shelf-life extension can reduce around 50% of consumer food waste. Every year, roughly 2.8 trillion pounds of food are discarded globally, with the United States alone wasting 80 billion. Therefore, the growing awareness of food products with extended shelf lives is driving the growth of the ready meals market.

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The ready meals market covered in this report is segmented -
1) By Product: Frozen, Chilled, Canned, Dried
2) By Distribution Channel: Supermarket / Hypermarket, Convenience Store, Online
3) By End-User: Residential, Food Services

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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