2025-2034 Ready Meals Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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Ready Meals Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the size of the ready meals market has significantly expanded. It's predicted to increase from $184.38 billion in 2024 to $201.82 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to the growth during the historic period include shifts in consumer lifestyles, urban development, the emergence of single-person households, modifications in eating patterns, as well as innovations in packaging and preservation methods.

How Will the Ready Meals Market Size Evolve and Grow by 2029?
The market for ready meals is projected to experience a swift expansion in the upcoming years, reaching an estimated value of $303.09 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. The rise for the forecast period can be credited to factors such as, persistence on convenience, global fusion of cuisines, health and wellness factors, the spread of e-commerce platforms, and variations in food preferences. Noteworthy trends during this predicted timeframe include technological advancements in cooking and meal preparation, emphasis on health specifications and clarity, individualization and customization, novel approaches to meat substitutes, and a wider range of breakfast and snacking choices.

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What Drivers Are Propelling the Growth of Ready Meals Market Forward?
The rise in awareness surrounding food items offering longer preservation periods is substantially fuelling the expansion of the ready meals market. The term 'shelf life' of a product refers to the duration for which it can be safely consumed while maintaining its preferred qualities such as sensory, functional, chemical, and microbial features. Individuals are in search of foods with prolonged shelf life like ready meals because they offer convenience, cost-effectiveness, speed, and are pre-proportioned with extended preservation periods. For example, in April 2023, World Technology Ingredients, Inc., a US-based food ingredient manufacturing firm, suggested that extending the shelf-life of food could decrease consumer food waste by approximately 50%. Every year, nearly 2.8 trillion pounds of food is thrown out worldwide, with the United States alone accounting for waste of 80 billion. Thus, the escalating awareness related to food products with longer shelf lives is propelling the expansion of the ready meals market.

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Which Emerging Trends Are Transforming the Ready Meals Market in 2025?
The rising trend of pre-packaged food is reshaping the landscape of the ready meal market. Focusing on providing fresher, more convenient, and nutritionally balanced meals has become the latest trend in this market. In January 2022, Kitchen Prep UK, a ready meal manufacturer based in the UK, has introduced gourmet and healthy pre-packaged frozen meals to cater to customers who want to eat healthily but have limited time to cook or prefer easy-to-prepare frozen food that can be heated in a microwave in minutes. The launch was supported by industry experts from the University of Nottingham's Food Innovation Centre, who offered free guidance on food labelling, hygiene training, and other aspects of the business.

What Are the Key Segments in the Ready Meals Market?
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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Who Are the Key Players Shaping the Ready Meals Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in the Ready Meals Market?
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.

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