Frozen Cooked Ready Meals Market to Reach USD 62,917 Million by 2031 Top 20 Company Globally

The frozen cooked ready meals industry has become one of the most dynamic segments of the global food market, driven by shifting consumer lifestyles, urbanization, and the rising demand for convenient yet nutritious food options. With time-pressed consumers, particularly in metropolitan regions, seeking solutions that balance taste, health, and convenience, frozen ready meals have transitioned from being emergency food substitutes to mainstream dietary choices.

In 2024, the global frozen cooked ready meals market is valued at USD 43,142 million, with total global sales surpassing 2,8 billion units at an average price of USD 15 per unit. The market is expected to expand steadily at a compound annual growth rate (CAGR) of 5.53%, reaching USD 62,917 million by 2031.
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Latest Trends and Technological Developments
The latest trends and technological developments are reshaping how frozen meals are produced, marketed, and consumed. On March 2024, Nestlé announced the launch of a new line of plant-based frozen meals under its Lean Cuisine brand in the U.S. and Asia, catering to the rising flexitarian consumer base and sustainability-conscious buyers. On August 2024, CP Foods (Thailand) revealed the development of an AI-powered smart packaging system that extends shelf life and ensures quality preservation in frozen meals targeted at ASEAN and export markets. Another trend is the adoption of eco-friendly packaging, with Unilever and other food giants piloting biodegradable frozen meal trays since late 2023 to meet consumer demand for sustainable consumption
Asia regional insights show that the frozen cooked ready meals market is experiencing rapid expansion due to growing middle-class populations, changing work patterns, and increasing acceptance of Western food trends. China remains the largest market in Asia, with frozen meals penetrating urban households through e-commerce platforms and retail chains. Japan, traditionally a stronghold for frozen bento and meal boxes, continues to lead in product innovation, with a focus on portion-controlled and nutritionally balanced offerings for aging populations. South Korea is seeing robust adoption of frozen ready meals among younger consumers, particularly with K-food meal kits and HMR (Home Meal Replacement) products gaining traction in both domestic and international markets.

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Frozen Cooked Ready Meals by Type:
Vegetarian Meals

Non Vegetarian Meals

Frozen Cooked Ready Meals by Application:
Supermarkets and Hypermarkets

Convenience Stores

Online Retail

Specialty Stores

Others

Global Top 20 Key Companies in the Frozen Cooked Ready Meals Market
Conagra Brands Inc

Dr Oetker GmbH

Frosta AG

General Mills

Kerry Group

Ajinomoto Co., inc.

Bellisio Foods

Iceland Foods

Kraft Heinz

Nestlé S.A

McCain Foods Ltd

Hormel Foods Corporation

Schwan's Company

Unilever PLC

MorningStar Farms

Maple Leaf Foods Inc.

Greencore Group

Grupo Virto

Campbell Soup Company

Sanquan Food Co., Ltd.

Regional Insights
In Indonesia, urban centers such as Jakarta and Surabaya are witnessing increasing consumption of frozen ready meals, especially among dual-income households and young professionals who prioritize convenience. Local players such as So Good Food and global brands like Nestlé and CP Foods are actively expanding distribution networks in modern trade and online retail channels. Thailand and Malaysia are also strong growth markets, driven by busy urban lifestyles and a surge in online food shopping. Vietnam, though at an earlier stage, shows rising acceptance of frozen cooked meals, particularly among younger demographics who are more open to Westernized food habits. Singapore represents a high-value but smaller-volume market where premium frozen meals, including organic and plant-based varieties, are highly popular among expatriates and health-conscious professionals.

Key challenges include consumer perceptions of frozen meals being less fresh compared to freshly cooked food, although advances in freezing technology are closing this gap. Supply chain management also presents difficulties, particularly in maintaining cold chain infrastructure in developing markets across Southeast Asia. Pricing remains a key challenge in price-sensitive economies, where frozen ready meals must compete with affordable street food and local cooking traditions. Additionally, environmental concerns around single-use plastic packaging continue to place pressure on manufacturers to adopt more sustainable solutions.
Manufacturers and distributors should localize flavors, diversify product ranges to include healthier and plant-based options, and strengthen cold chain logistics will be best positioned for growth. Investments in digital retail channels, including partnerships with e-commerce giants such as Shopee, Lazada, and Tokopedia in ASEAN, are proving to be vital for capturing market share. Another important strategy is aligning with changing dietary preferences, such as offering halal-certified frozen ready meals in Muslim-majority countries like Indonesia and Malaysia.

Product Models
Frozen cooked ready meals are convenient, pre-prepared dishes designed to be stored frozen and heated quickly for easy consumption. They are popular for busy lifestyles, offering consistent taste, portion control, and long shelf life.
Vegetarian meals, catering to plant-based preferences. Notable products include:
Amys Kitchen Vegetable Lasagna Amys Kitchen: Classic lasagna made with organic pasta, ricotta, and fresh vegetables.
Quorn Meat-Free Spaghetti Bolognese Quorn Foods: A plant-based take on the Italian classic, using Quorn mince.
Deep Indian Kitchen Spinach Paneer Deep Foods: Traditional Indian dish with creamy spinach and paneer cheese.
Gardein Plant-Based Chickn Teriyaki Bowl Conagra Brands: Meatless chicken-style strips with rice and vegetables in teriyaki sauce.
Linda McCartneys Vegetarian Sausage Rolls Linda McCartney Foods: Flaky pastry filled with seasoned vegetarian sausage mix.
Non-Vegetarian meals, which include meat, poultry, or seafood as the main protein source. Examples include:
Stouffers Chicken Alfredo Nestlé: Creamy pasta dish with white-meat chicken and Alfredo sauce.
Banquet Salisbury Steak Meal Conagra Brands: Classic American meal with beef patties, gravy, and mashed potatoes.
Birds Eye Chicken Fried Rice Birds Eye: Frozen rice dish with chicken pieces, peas, and vegetables.
Marie Callenders Turkey & Stuffing Dinner Conagra Brands: Traditional roast turkey meal with stuffing and mashed potatoes.
Lean Cuisine Meatloaf with Mashed Potatoes Nestlé: Balanced portion of beef meatloaf with sides for calorie-conscious eaters.

The frozen cooked ready meals industry is undergoing steady global expansion, fueled by consumer lifestyle shifts, product innovation, and growing accessibility in emerging markets. With a global market size of USD 43,142 million in 2024 and expected growth to USD 62,917 million by 2031, the sector represents a lucrative investment opportunity. Asia and Southeast Asia stand out as high-potential regions, with Indonesia emerging as a critical growth driver in ASEAN.

Investor Analysis
For investors, this report highlights the importance of focusing on companies that embrace innovation, sustainability, and localized strategies. What matters most is the ability to tap into changing consumer preferences for healthier, plant-based, and convenient food options. How to achieve this lies in expanding e-commerce presence, improving cold chain logistics, and investing in packaging innovation. Why investors should act now is clear demand in Asia and ASEAN is growing faster than in Western markets, and first movers have the potential to build long-term brand loyalty in an industry where repeat purchases are frequent and habitual.
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5 Reasons to Buy This Report
Provides accurate global market size, CAGR, price-per-unit, and unit sales data for 20242031.
Offers deep insights into Asia and ASEAN markets, including Indonesias growing role.
Tracks the latest innovations such as AI-powered packaging and plant-based frozen meals.
Profiles the top five global players with their strategies and regional expansions.
Provides actionable investor guidance for capitalizing on fast-growing convenience food demand.
5 Key Questions Answered
What is the current size of the global frozen cooked ready meals market, and what is the growth forecast to 2031?
What is the global average unit price and total unit sales volume in 2024?
Which countries in Asia and ASEAN are leading demand growth, and what consumer trends are driving this expansion?
What are the main industry challenges, including cold chain logistics and sustainability issues?
Who are the top five players in the frozen cooked ready meals market, and how are they positioning themselves strategically?
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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