Perishable Prepared Food Market Analysis 2024-2033: Size, Share, Growth, Trends, Forecast, Outlook | Mergers and Acquisitions, Top Major Key Players, Competitive Landscape

The perishable prepared food market size has grown strongly in recent years. It will grow from $101.06 billion in 2023 to $109.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to urbanization, rise of dual-income households, expansion of retail channels, globalization of cuisine, plant-based and alternative proteins.

The perishable prepared food market size is expected to see strongly grown in the next few years. It will grow to $150.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to health and wellness trends, rise of online food delivery services, focus on premium and artisanal products, government initiatives and regulations, changing consumer lifestyles. Major trends in the forecast period include innovations in packaging, advancements in food preservation technologies, global flavors and fusion cuisine, subscription-based meal services, blockchain technology for supply chain transparency.

Market Overview -
Perishable Prepared Food refers to the procedure of producing perishable prepared food including peeled or cut fruits and vegetables, processed food, and prepared meals. Perishable prepared food refers to those foods that are likely to spoil, decay, or become unsafe to consume if not refrigerated or frozen at low temperatures.

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Growth In Perishable Prepared Food Market Driven By Rising Disposable Income
The growth in the perishable prepared food market is due to emerging market growth, an increase in disposable income, and improved earning capacity. An increase in disposable income is expected to propel the growth of the perishable prepared food market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Because the increase in disposable income increases the purchasing power of the consumer, which changed the eating habits of the consumer and increased the demand for perishable prepared food. For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44 Million in 2021 which is US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food market.

Competitive Landscape -
Major companies operating in the perishable prepared food market report are AdvancePierre Foods, Ready Pac, Reser`s Fine Foods, Taylor Fresh Foods, Bakkavör Group, Nestlé S.A., Conagra Brands Inc., Tyson Foods, Hormel Foods Corporation, Kraft Heinz, General Mills, Campbell Soup Company, JBS USA Holdings Inc., Smithfield Foods, Maple Leaf Foods, McCain Foods, Rich Products Corporation, Schwan's Company, Sandridge Food Corporation, Greencore Group, Grupo Bimbo, Flowers Foods, Aryzta AG, OSI Group, Pilgrim's Pride, Seaboard Corporation, Cargill Inc., Perdue Farms, The Kraft Heinz Company

Technological Innovations Reshaping The Perishable Prepared Food Market
New technological innovations are the key trend gaining popularity in the perishable prepared food market. Major companies operating in the market are introducing new packaging technologies such as Cascades Fresh to sustain their position in the market. For instance, Cascades, a Canada-based perishable goods packaging company launched Cascades Fresh, which is an eco-friendly recycling, hygiene, and packaging solution, this is specifically designed for producers, packers, and retailers, which helps to store perishable prepared food for a long time.

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Key Segments -
The perishable prepared food market covered in this report is segmented -
1) By Type: Peeled or Cut Vegetables Fruits and Vegetables, Processed Food, Prepared Meals, and Other Perishable Prepared Food Manufacturing
2) By Distribution Channel: Online, Offline
3) By Application: Confectionery and Bakery, Jams and Preserves, Fruit-based Beverages, Dairy, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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