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Ready Meals Prepared Meals Market Size 2024 to 2031.

04-09-2024 09:06 AM CET | Consumer Goods & Retail

Press release from: Report Prime

Market Overview and Report Coverage

Ready Meals Prepared Meals Market refers to the segment of the food industry that offers pre-cooked and packaged meals for convenient consumption. This market caters to busy consumers who are looking for quick and easy meal solutions without compromising on taste or nutrition.
The future outlook for the Ready Meals Prepared Meals Market looks promising as it is expected to grow at a CAGR of 6.40% during the forecasted period. Factors driving this growth include changing lifestyles, increasing urbanization, and a growing demand for convenience foods. With hectic schedules and dual-income households becoming more common, there is a rising need for quick and hassle-free meal options. Ready Meals Prepared Meals offer a convenient solution for consumers looking to save time without sacrificing on the quality of their meals.
Additionally, advancements in packaging technology and food preservation methods are improving the quality and shelf-life of Ready Meals, making them even more attractive to consumers. As a result, the Ready Meals Prepared Meals Market is poised for continued growth in the coming years.

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Market Segmentation
The Ready Meals Prepared Meals Market Analysis by types is segmented into:
• Bagged
• Boxed
• Other

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Ready meals, also known as prepared meals, are convenient food options that require little to no preparation before consumption. These meals are available in various market types, such as bagged, boxed, and other forms. Bagged ready meals typically come in sealable bags and can be heated in the microwave or oven. Boxed ready meals are packaged in cardboard boxes and often include multiple servings or side dishes. Other market types may include frozen meals, single-serve containers, or specialty meal kits tailored to specific dietary needs or preferences.

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The Ready Meals Prepared Meals Market Industry Research by Application is segmented into:
• Hypermarkets / Supermarkets
• Convenience Stores
• Food Specialty Stores
• Departmental Stores
• Online Retailers
• Others

The ready meals prepared meals market application can be found in various distribution channels such as hypermarkets/supermarkets, convenience stores, food specialty stores, departmental stores, online retailers, and others. Hypermarkets/supermarkets cater to a wide range of consumers looking for quick and convenient meal options. Convenience stores offer on-the-go meal solutions for the busy consumer. Food specialty stores provide gourmet and premium ready meal options. Departmental stores offer a mix of convenience and specialty meals. Online retailers provide a convenient shopping experience for consumers to purchase ready meals. Other distribution channels include vending machines, gas stations, and meal delivery services.

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In terms of Region, the Ready Meals Prepared Meals Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Ready Meals Prepared Meals market?
Some emerging trends in the global ready meals prepared meals market include a growing demand for healthier and organic options, as well as an increase in plant-based and vegetarian meal offerings. Convenience and portability are also key factors driving market growth, with consumers seeking quick and easy meal solutions for busy lifestyles. Personalization and customization are becoming more popular, with companies offering options for consumers to tailor their meals to their specific dietary needs and preferences. Additionally, technological advancements such as online ordering and delivery services are playing a significant role in driving the growth of this market.

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Major Market Players
Nestle is one of the leading players in the prepared meals market, offering a wide range of products under brands such as Lean Cuisine, Stouffer's, and Buitoni. With a history dating back to the 1860s, Nestle has grown to become a global powerhouse in the food and beverage industry. The company has seen steady market growth over the years, driven by its focus on innovation, quality, and consumer satisfaction. Nestle's sales revenue in 2020 amounted to approximately $100 billion.
ConAgra is another key player in the market, known for brands like Healthy Choice, Marie Callender's, and Banquet. Established in 1919, ConAgra has a long history in the food industry and has consistently adapted to changing consumer preferences. The company has experienced significant market growth, expanding its product offerings and reaching a wide customer base. ConAgra's sales revenue in 2020 was around $11 billion.
Unilever is a multinational consumer goods company that also operates in the prepared meals market through its brands like Knorr and Wall's. Founded in the 1930s, Unilever has a strong presence in the global market, offering a diverse range of products across various categories. The company has seen steady growth in the prepared meals segment, catering to the changing lifestyles of consumers. Unilever's sales revenue in 2020 was approximately $60 billion.
These companies, along with others in the market, continue to drive innovation and cater to the growing demand for convenient, healthy, and delicious ready meals. Their focus on quality, sustainability, and consumer preferences will be crucial in shaping the future of the prepared meals market.

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