Frozen Ready Meal Market Share, Size, Growth, Key Vendors, Trends, Analysis, Segmentation, Forecast To 2024-2031 | ConAgra Brands Inc., Maple Leaf foods Inc.

Market Overview:

Frozen ready meals are pre-cooked or partially cooked meals that can be easily prepared and cooked in a short time. They usually contain meat, poultry, seafood or vegetables and are ideal for busy consumers with hectic lifestyles.

Market Dynamics:

The frozen ready meal market is expected to witness robust growth owing to the increasing demand for convenience foods due to changing lifestyles and busy schedules. Rising women workforce is also fueling the sales of frozen ready meals as they offer time-saving cooking solutions. Additionally, the market growth is supported by introduction of healthy and organic product variants by key players. For instance, Bellisio Foods launched a new organic frozen meal line with no preservatives or artificial ingredients to cater to health-conscious consumers. Moreover, rising disposable incomes in developing countries is expanding the consumer base for frozen ready meals.

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Frozen Ready Meal Market Drivers and Environmental Factors

Increased Consumer Convenience and Busy Lifestyles is Driving Growth in the Frozen Ready Meal Market

With more people leading busy lives and having less time to cook homemade meals, the demand for convenient ready-to-eat frozen meals has increased tremendously over the past few years. Frozen ready meals take just minutes to prepare and are seen as a quick solution for time-poor consumers. The hectic modern lifestyles with long working hours have compelled people to opt for frozen ready meals that save them both time and effort in the kitchen. The convenience of popping a frozen meal in the microwave for a few minutes makes it an attractive choice for consumers.

Rising Single Person Households is Fueling Demand for Smaller Meal Portions

The number of one- and two-person households has grown considerably in recent times due to factors such as an aging population and higher divorce rates. Smaller freezer-friendly meal portions offered by frozen ready meals cater perfectly to the needs of such single or small households. In comparison to regular homemade meals, frozen ready meals allow for efficient utilization of ingredients without wastage of leftover food. The ability to buy only the amount needed makes frozen meals a practical choice for single persons or small families.

Preference for Healthy and Nutritious Options is a Market Restrain

While convenience remains the key motivator for frozen ready meals, many consumers are increasingly health-conscious and prefer meals that are low in calories, fat, sugar and salt. There is a growing demand for frozen meals made with wholesome ingredients and more nutritional value. However, the use of preservatives and flavor/color enhancers in several frozen meals poses health and well-being concerns. The high sodium content in many frozen dinners and TV dinners goes against health trends. Unless frozen food manufacturers address these issues, health and wellness remains a restrain for the market.

Rise of the Better-for-You Options Presents New Opportunity

To appeal to health-focused consumers, food companies are launching a variety of better-for-you frozen meals with minimal processing and simple ingredients. Meals featuring organic, nutritious and natural ingredients without artificial preservatives or unclear labels present a major opportunity. The market is seeing innovative offerings like gluten-free, plant-based, high-protein and whole-food frozen options that provide both nutrition and convenience. As consumers increasingly prioritize health, these clean-label frozen meals will drive significant market growth in the coming years.

Sustainability Becoming an Important Trend in the Frozen Food Industry

With environmental and social responsibilities gaining attention worldwide, frozen food producers are under pressure to adopt sustainable manufacturing and responsible sourcing practices. There is a growing market trend of consumers favoring frozen meals from companies making efforts in areas like greenhouse gas emissions reduction, ethical employment, waste minimization, renewable energy usage, recyclable packaging etc. Adopting a strong sustainability agenda presents both strategic and branding opportunities. Companies demonstrating transparent ESG commitments will see an advantage over competitors in this evolving marketplace.

Worldwide major and leading players within the market are:

★ ConAgra Brands Inc.
★ Maple Leaf foods Inc.
★ BRF
★ Tyson Foods Inc.
★ Pinnacle Foods Inc.
★ Campbell's Soup
★ Sanquan Foods
★ McCain Foods (India) Pvt. Ltd.
★ Kellogg NA Co.
★ General Mills Inc.
★ Greencore Group
★ Iceland Foods
★ Nomad Foods Europe Ltd.
★ FRoSTA AG
★ Maple Leaf Foods
★ NICHIREI CORPORATION
★ The Schwan's Shared Services
★ 2 Sisters Food Group
★ Ajinomoto Co. Inc.
★ Amy's Kitchen Inc.
★ EUROPASTRY SA
★ Fluery Michon.

Segmental Overview

Frozen Ready Meal Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

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The titled segments and sub-section of the Frozen Ready Meal market are illuminated below:

Global Frozen Ready Meal Market, By Product Type:

★ On the basis of product type, the global market is segmented into:
★ Vegetables
★ Snacks
★ Soups
★ Meat and Poultry
★ Potatoes
★ Pie
★ Frozen seafood
★ Others

★ On the basis of moisture content, the global market is segmented into:
★ Low moisture content
★ Medium moisture content
★ High moisture content

★ On the basis of ingredient, the global market is segmented into:
★ Natural color
★ High Intensity Sweeteners
★ Fatty acids
★ Flavourant
★ Natural Flavors

★ On the basis of distribution channel, the global market is segmented into:
★ Supermarkets
★ Hypermarkets
★ Convenience stores
★ Specialty Stores
★ Online

Regional Analysis for Frozen Ready Meal Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Frozen Ready Meal Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Frozen Ready Meal market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Frozen Ready Meal market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Frozen Ready Meal market?
➥ What current trends will influence the Frozen Ready Meal market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Frozen Ready Meal market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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