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A Deep Dive into Perishable Prepared Food Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
What Are the Market Size and Growth Forecast for the Perishable Prepared Food Market?In the past few years, the market size for perishable prepared food has seen substantial growth. It is projected to escalate from $109.36 billion in 2024 to $118.89 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. Factors such as urbanization, increase in dual-income families, the enlargement of retail channels, the spread of global cuisines, and the popularity of plant-based and alternative proteins have contributed to the historical growth.
The market size of perishable prepared food is projected to witness robust expansion in the forthcoming years, escalating to $166.1 billion in 2029 with an 8.7% CAGR. The increase over the projection period is linked to health and wellness trends, growing popularity of online food delivery services, emphasis on upscale and craft products, governmental actions and guidelines, and evolving consumer habits. Noteworthy trends during the prediction period encompass packaging innovation, progress in food preservation technology, international tastes and blended cuisine, meal services based on subscriptions, and the application of blockchain for supply chain visibility.
What Is Contributing to the Growth of the Perishable Prepared Food Market?
The expansion of the perishable prepared food market can be attributed to the growth of emerging markets, a rise in dispensable income, and a enhanced earning capacity. It is projected that this market's growth will be fueled further by the growth in disposable income. This refers to the sum of money remaining for expenditure and savings after income tax deductions. This increased disposable income boosts the buying capability of consumers, altering their dietary habits and raising the demand for perishable prepared foods. For example, data from the Bureau of Economic Analysis (BEA), a United States government agency responsible for official macroeconomic and industry statistics, indicated that the per capita disposable personal income in the United States rose from $57,339 in November 2022 to $61,047 in November 2023. Consequently, this rise in disposable income is stimulating the growth of the perishable prepared food market.
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Which Key Market Leaders Are Driving Perishable Prepared Food Industry Growth?
Major companies operating in the perishable prepared food market include Reser`s Fine Foods, Taylor Fresh Foods, Bakkavör Group, Nestlé S.A., Conagra Brands Inc., Tyson Foods, Hormel Foods Corporation, 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
What Are the Emerging Trends in the Perishable Prepared Food Industry?
The increasing popularity of novel technological advancements is a significant trend in the perishable prepared food market. To maintain their market dominance, many leading companies are innovating new packaging methods like Cascades Fresh. Notably, Cascades, a perishable goods packaging company hailing from Canada, introduced Cascades Fresh. It is an environmentally friendly recycling, hygiene, and packaging solution deliberately designed for producers, packers, and retailers. This solution aids in the extended storage of perishable prepared food.
What Are the Main Segments in the Perishable Prepared Food Market?
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
Subsegments:
1) By Peeled Or Cut Vegetables: Fresh Cut Vegetables, Ready-To-Eat Salads, Vegetable Medleys
2) By Fruits And Vegetables: Fresh Fruit Cuts, Fruit Salads, Packaged Vegetable Dishes
3) By Processed Food: Canned Or Jarred Vegetables, Frozen Fruits And Vegetables, Deli Salads
4) By Prepared Meals: Refrigerated Meal Kits, Ready-To-Eat Meals, Heat-And-Serve Entrees
5) By Other Perishable Prepared Food Manufacturing: Dairy-Based Prepared Foods, Meat And Seafood Products, Specialty Sauces And Dips
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Which Geographic Area Leads the Perishable Prepared Food Market?
The countries covered in the perishable prepared food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Is Covered In The Perishable Prepared Food Global Market Report?
- Market Size Analysis: Analyze the Perishable Prepared Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Perishable Prepared Food Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Perishable Prepared Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Perishable Prepared Food Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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