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Ready Meals Market Segments, Size, Trends And Forecast 2024-2033
Ready Meals Market Segments
As per the report, 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 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%.
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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.
Revolutionizing Convenience And Nutrition With Pre-Packaged Gourmet Healthy Frozen Meals
Pre-packaged foods is a key trend gaining popularity in the ready meals market. Companies are focusing on offering fresher and more convenient nutritionally compliant dietary standards are key trend gaining popularity in the ready meals market. For instance, in January 2022, Kitchen Prep UK, a UK-based ready meal manufacturing company, launched frozen gourmet healthy pre-packaged frozen meals. Kitchen Prep UK specializes in chef-prepared ready meals for consumers who want to consume healthily but are short on time or prefer the simplicity of pre-prepared frozen choices that heat in the microwave in minutes. The new company has received assistance from specialists at the University of Nottingham's Food Innovation Centre, who have provided free advice on labeling, food hygiene training, and other facets of the venture.
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
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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.
Contents of the report:
1. Executive Summary
2. Ready Meals Market Report Structure
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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