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Ready-to-Cook Food Market worth $19.15 billion by 2030, growing at a CAGR of 8.24% - Exclusive Report by 360iResearch
Ready-to-Cook Food Market | 360iResearch
The Global Ready-to-Cook Food Market to grow from USD 11.00 billion in 2023 to USD 19.15 billion by 2030, at a CAGR of 8.24%.
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Ready-to-cook (RTC) food refers to a wide range of pre-prepared and partially cooked ingredients that significantly reduce the time and effort required for consumers to prepare a complete meal. The increasing consumer preference for convenience-oriented products and the growing presence of RTC on eCommerce platforms have provided easier access to a broader variety of RTC food options at competitive prices that significantly increase the adoption of ready-to-cook food. However, concerns about the freshness and quality of ingredients and potential contamination during transport or storage may hinder the RTC food adoption. Nevertheless, innovation and development of RTC food products with advancements in packaging create potential opportunities for the growth of the ready-to-cook (RTC) food market.
The ready-to-cook food market is evolving in the Americas due to changing consumer preferences, busy lifestyles, and the adoption of convenient meal solutions. The ready-to-cook food market in the European Union (EU) countries is thriving due to an emphasis on convenience and increasing availability of tailored options for vegetarian, low-calorie, and gluten-free meals. In the Middle East, there has been a rise in investments towards expanding local ready-to-cook food businesses and the proliferation of the hospitality sector, raising demand for ready-to-cook food in the region. Africa's ready-to-cook food landscape is developing rapidly, driven by urbanization and increased demand for convenience foods among working professionals and availability on several online platforms offering weekly meal kit deliveries containing fresh ingredients accompanied by easy-to-follow recipes. The ready-to-eat foods market is growing in the APAC region with the presence of well-established companies offering convenient meal solutions and a shift of consumers towards innovative offerings featuring local ingredients and authentic recipes. Besides, the technological advancements and improvements in packaging materials to enhance shelf life and support sustainability goals are anticipated to encourage the use of ready-to-cook food by consumers worldwide.
Market Segmentation & Coverage:
This research report categorizes the Ready-to-Cook Food Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Conventional and Traditional. The Conventional is projected to witness significant market share during forecast period.
Based on Meal Type, market is studied across Non-Vegetarian and Vegetarian. The Non-Vegetarian is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Baked Goods, Desserts & Sweets, Instant Noodles & Soups, and Meat & Poultry. The Desserts & Sweets is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Convenience Stores and Supermarkets & Hypermarkets. The Offline is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.41% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Ready-to-Cook Food Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Ready-to-Cook Food Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Ready-to-Cook Food Market, highlighting leading vendors and their innovative profiles. These include Bakkavor Foods Ltd., Bambino Agro Industries Ltd., CG Corp., DARSHAN FOODS PVT. LTD., Desai Foods Pvt Ltd., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Hindustan Unilever Ltd., iD Fresh Food (India) Pvt. Ltd., IndianFarm Foods Pvt. Ltd., ITC Ltd., Kohinoor Foods Ltd., Maiyas Beverages and Foods Pvt. Ltd., McCain Foods Ltd., MTR Foods Pvt. Ltd., NatureRaised Farms, Nestle S.A., Nomad Foods Limited, Pink Harvest Farms, Raised & Rooted, Regal Kitchen Foods Ltd., Tasty Tales, Tat Hui Foods Pte. Ltd., TataQ, TOPCHOP, and Tyson Foods, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Ready-to-Cook Food Market, by Type
7. Ready-to-Cook Food Market, by Meal Type
8. Ready-to-Cook Food Market, by Product Type
9. Ready-to-Cook Food Market, by Distribution Channel
10. Americas Ready-to-Cook Food Market
11. Asia-Pacific Ready-to-Cook Food Market
12. Europe, Middle East & Africa Ready-to-Cook Food Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Ready-to-Cook Food Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Ready-to-Cook Food Market?
3. What is the competitive strategic window for opportunities in the Ready-to-Cook Food Market?
4. What are the technology trends and regulatory frameworks in the Ready-to-Cook Food Market?
5. What is the market share of the leading vendors in the Ready-to-Cook Food Market?
6. What modes and strategic moves are considered suitable for entering the Ready-to-Cook Food Market?
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