The Role Of Extended Shelf Life In Fostering Growth Within The Ready Meals Market Driver: Leading Transformation in the Ready Meals Market in 2025

Which drivers are expected to have the greatest impact on the over the ready meals market's growth?
The escalating cognizance of food items delivering prolonged longevity is significantly influencing the expansion of the ready meals industry. The product's shelf life is defined as the duration during which it's safe for consumption whilst maintaining coveted attributes such as sensory, functional, chemical, and microbiological traits. Individuals are in pursuit of foods with enhanced shelf life, like ready meals, due to their convenience, cost-effectiveness, speed, and pre-portioning with extended shelf lives. For example, in April 2023, World Technology Ingredients, Inc., a manufacturing enterprise of food ingredients based in the USA, suggested that extending food shelf life could decrease consumer food waste by roughly 50%. Approximately 2.8 trillion pounds of food are discarded globally every year, with the United States alone wasting 80 billion. As a result, the escalating consciousness regarding food items with extended shelf lives is propelling the expansion of the ready meals industry.

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What is the future CAGR of the ready meals market, and how will it impact industry expansion?
In recent times, the ready meals market has seen significant growth. It is projected to expand from $184.38 billion in 2024 to $201.82 billion in 2025, registering a compound annual growth rate (CAGR) of 9.5%. This growth during the historic period can be tied to a shift in consumer lifestyles, heightened urbanization, an increase in single-person households, changes in eating patterns, as well as advancements in packaging and preservatives.

Projected to experience swift expansion within the coming years, the size of the ready meals market is forecasted to reach $303.09 billion by 2029, at a compound annual growth rate (CAGR) of 10.7%. Several factors can be attributable to the predicted growth in the forecast period including a continuous focus on convenience, dining globalisation, health and wellness considerations, the enlargement of e-commerce platforms, and innovative changes in dietary choices. Major trends throughout this period will include technology-oriented cooking and meal preparation, a focus on health declarations and transparency, customization and personalisation, advancements in meat substitutes, and the growth of breakfast and snack choices.

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What are the most significant trends transforming the ready meals market today?
The surge in popularity of pre-packaged foods is a significant trend in the ready meals market. Firms are leaning towards providing fresher and more conveniently compliant nutritional dietary standards, which is seen as a key trend in this industry. Take for example, Kitchen Prep UK, a ready meal manufacturing firm based in the UK, that launched their gourmet healthy pre-packaged frozen meals in January 2022. This company is known for providing chef-prepared ready meals for their health-conscious consumers who are either time-poor or appreciate the simplicity of having pre-prepared frozen meals that can be easily heated in the microwave. In their pursuit of this venture, they have received support from the food innovation experts at the University of Nottingham's Food Innovation Centre, who have guided them on food labeling, hygiene training, and other aspects of this enterprise.

Which key market segments comprise the ready meals market and drive its revenue growth?
The ready meals market covered in this report is segmented -

1) By Product: Frozen, Chilled, Canned, Dried
2) By Distribution Channel: Super market / Hyper market, Convenience Store, Online
3) By End-User: Residential, Food Services

Subsegments:
1) By Frozen: Frozen Dinner Meals, Frozen Snacks, Frozen Breakfast Items
2) By Chilled: Chilled Pasta Dishes, Chilled Rice Meals, Chilled Meat And Fish Dishes
3) By Canned: Canned Soups, Canned Stews, Canned Pasta
4) By Dried: Dried Pasta Meals, Dried Soup Mixes, Dried Rice Meals

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What regions are at the forefront of ready meals market expansion?
Western Europe was the largest region in the ready meals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the ready meals market share during the forecast period. The regions covered in the ready meals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the ready meals market?
Major companies operating in the ready meals market include Nestlé S.A., PepsiCo Inc., JBS S.A., Unilever Group, Tyson Foods Inc., Mars Incorporated, Kraft Foods Group Inc., General Mills Inc., Kellogg Company, Smithfield Foods Inc., Conagra Brands Inc., Ajinomoto Co Inc., BRF Global Market S.A., Kerry Group plc, Campbell Soup Company, 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.

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What Is Covered In The Ready Meals Global Market Report?

•Market Size Forecast: Examine the ready meals market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ready meals market for a structured understanding.
•Key Players Overview: Analyze major players in the ready meals market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ready meals market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ready meals market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ready meals market.
•Industry Challenges: Identify potential risks and obstacles affecting the ready meals market.
•Competitive Landscape: Review strategic developments in the ready meals market, including expansions, agreements, and new product launches.

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