Ready for Convenience: Ready Meals Market Report Explores Size, Share, and Key Growth Opportunities || Nestlé S.A., PepsiCo Inc., JBS S.A., Unilever Group, Tyson Foods Inc., Mars Incorporated

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 offers in-depth market insights through Ready Meals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - The Role Of Extended Shelf Life In Fostering Growth Within The Ready Meals Market
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.

Competitive Landscape:
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.

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Top Trend - Strategic Partnership For Innovative High-Protein Frozen Prepared Meals And Desserts
Major companies operating in the ready-meals market are adopting a strategic partnership approach for the introduction of a new line of Myprotein frozen prepared meals and desserts. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2022, Myprotein, a UK-based brand of online sports nutrition and bodybuilding supplements, announced a partnership with Iceland Foods Ltd., a UK-based company that manufactures frozen foods and prepared meals. With this cooperation, Myprotein and Iceland will work together to create a new line of Myprotein products that include fully cooked meals, ingredients, wraps, pizzas, desserts, and ice cream. All of them are high in protein and nutritionally balanced. The five-year agreement covers Iceland shops in the United Kingdom, worldwide franchisees, and online, and it is the first instance Myprotein has consented to license the brand.

The Table Of Content For The Market Report 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
…..
27. Ready Meals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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