Ready to Eat Meal Market Size, Share, Growth, Leading Players Updates 2018 | General Mills, Bakkavor Group, Nomad Foods and McCain Foods | Industry Research Report by Forecast to 2022

Market Overview:
The Ready to Eat Meal market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Ready to Eat Meal Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional growth during the forecast period.

The global ready to eat meals market is mainly driven by the convenience these products offer to students and working professionals. Ready to eat meals are precooked and prepackaged meals which can be consumed with minimum or no preparation. Owing to the busy lifestyles, consumers prefer ready-to-eat meals that lessen the preparation time which is propelling the demand for ready to eat meals. These meals provide a healthier alternative to junk food and cheaper alternative to restaurant foods. Moreover, the rising disposable income of consumers is contributing to the growth of the market. Around 80-90% of the U.S. population depend on ready to eat meal in their busy work schedule.

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Different food safety organizations in different regions has specified particular guidelines related to processing, washing, drying, cooling, freezing, and packaging which is playing huge role in ready to eat meals market. Another driving factor is the initiatives taken by manufacturers. They are progressively focusing on the packaging as it plays a vital role in holding the product quality, taste, texture, color, vitamin content, and shelf life. This is likely to provide a significant push to the market in the near future.

Latest Industry Updates:
Nov 2017 Eden Prairie, Minn.-based Supervalu Inc. has a new line of meal solutions, including meal kits, under the Quick & Easy Meals brand. The company is focusing on strengthening their market share through widening their product range.

Nov 2017 Plant-based food company Fry’s Family Food has launched an all-new line of ready-to-eat frozen meals in U.K. The company led a strategic move in the market to strengthen their market share by providing innovative product range to the consumers.  

June 2017 ALDI launched a new range of ready to cook meal kits and claimed that they taste as good as alternatives from posh rivals but for half the price. This initiative by the company was a strategic move to attract the consumers and increase their market share.

Feb 2017 Thistle launched meal kits to make nutritious baby food at home. The company focused on expanding their consumer base by targeting different audience than others in the market.

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Major Key Players:
With the entry of industry players in the Ready to Eat Meal segment, a trend of solid, volume- driven growth has been observed in the market. Continuous innovation and new product launches in the market is creating a competitive environment for the industry players and offering wide range of products to the consumers. The key players are largely focusing on packaging and advertising of the products. Manufacturers are collaborating with packaging companies to develop advanced and innovative packaging such as biodegradable barrier tray to expand their consumer base. They are also focusing on offering natural and organic ready-to-eat food products with health benefits to encourage a rising class of health conscious customers. Product launches and mergers & acquisitions with smaller level players have been the upheld strategies for market growth here.

The key players profiled in Ready to Eat Meal are as General Mills (U.S.), Bakkavor Group Ltd (U.K.), Nomad Foods Ltd (British Virgin Islands), McCain Foods (Canada), Premier Foods Group Ltd  (U.K.), Orkla ASA (Norway), ConAgra Foods Inc. (U.S.) and ITC Limited (India)

Market Segments:
The global Ready to Eat Meal market has been divided into type, material, end-use and region.

On The Basis Of Product Type: ready meals & mixes, bakery, noodles & pasta, non-alcoholic beverages, herbs & spices, soups and others

On The Basis Of Cuisine: Indian, Italian, Chinese, continental and others

On The Basis Of Specialty type: natural, preservative free, vegetarian, non-vegetarian and others

On the Basis Of form: dried, frozen, instant, cooked, fresh and others

On the Basis of Packaging: can, box, bag, sachet, vacuum pack and others

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

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Regional Analysis:
The global Ready to Eat Meal market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Ready to Eat Meal market is highly dominated by North America. The U.S. is the major contributor in North America owing to busy lifestyle, high disposable income and technological innovations. Europe is expected to be the second largest market for Ready to Eat Meal. The growth of the ready meals market in Europe is majorly supported by countries such as Spain, the U.K., France, Germany, and Russia.

Asia Pacific is the fastest growing market led by countries like China and India. The rapid urbanization and changing consumption pattern in these developing countries is boosting the market for Ready to Eat Meal in Asia Pacific. The high growth opportunity in the developing regions of China and India is attracting the majority of the big players to this market.

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