Frozen Ready Meals Market by Size, Share, Forecasts, & Trends Analysis

[Redding, California - Feb 12, 2024] - Renowned global market research firm, Meticulous Research®, announces the release of its latest research report, titled 'Frozen Ready Meals Market by Type (Vegetarian Meals, Chicken Meals, and Beef Meals) and Distribution Channel (Food Chain Services, Modern Trade, Convenience Stores, Departmental Stores, and Online Stores)-Global Forecast to 2029.'

Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5321

Anticipated to burgeon to a valuation of $130.67 billion by the year 2029, the frozen ready meals market is poised for a remarkable Compound Annual Growth Rate (CAGR) of 5.4% from 2022 to 2029. This growth trajectory is fueled by the escalating demand for convenience foods, a surging working population, continuous product innovations, and the proliferation of hypermarkets and supermarkets in urban centers.

The digitalization of the retail industry is expected to present substantial opportunities for market expansion. Nevertheless, challenges persist, as negative perceptions surrounding the health impact of frozen foods and stringent FDA regulations on food freezing pose notable hindrances. Additionally, players in the market face significant challenges related to frozen food warehousing.

Segmentation forms the cornerstone of this comprehensive study, categorizing the market based on type, distribution channel, and geography. The research also entails a meticulous analysis of industry competitors, providing insights into market dynamics at the country level.

In terms of type, the frozen ready meals market is segmented into vegetarian meals, chicken meals, beef meals, and other meals. The vegetarian meals segment is anticipated to dominate the market in 2022, driven by the increasing consumer preference for vegan frozen food. The demand for plant-based alternatives has witnessed a surge, particularly in developed countries such as the U.K. and the U.S., prompting suppliers to introduce innovative frozen vegan items.

Speak to Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5321

The beef meals segment is expected to experience substantial growth during the forecast period, attributed to its high protein content compared to other meat forms and the robust consumption and import of frozen beef on a global scale, particularly in Asian countries.

Distribution channels play a crucial role in market dynamics, with modern trade projected to capture the largest market share in 2022. This dominance is fueled by the growing number of supermarkets in developing countries like China and India, coupled with increasing consumer demand for ready meals, especially in developed nations.

Conversely, the online stores segment is forecasted to witness significant growth, driven by consumer preference for convenience, attractive discounts compared to modern trade, and an enhanced product selection experience.

Geographically, Europe is expected to lead the market in 2022, with changing lifestyles, increased consumption of frozen beef, heightened customer awareness of frozen food benefits, a rising preference for ready-to-eat food, and favorable regulations contributing to its market dominance.

Quick Buy: https://www.meticulousresearch.com/Checkout/66445240

Key Players in the Frozen Ready Meals Market include General Mills, Inc. (U.S.), Nestlé S.A. (Switzerland), Conagra Brands, Inc. (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), and more.

Office No-202, 203,204,205,206 2nd Floor, Pushpak Business Hub, Wakad, , India.

About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

This release was published on openPR.