How Will The Ready Meals Market Expand Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Ready Meals Global Market Report 2023, the ready meals market is expected to show significant growth in the forecast period.
Key insights from the ready meals market forecast include:
- Market Size
The global ready meals market is expected to grow from $154.5 billion in 2022 to $169.01 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The market size of the global ready meals is expected to grow to $244.09 billion in 2027 at a CAGR of 9.6%.
- Major Driver
Increasing awareness of extended shelf-life foods boosts the ready meals market. Shelf life is the safe consumption period retaining desired qualities. People seek convenient, affordable, and pre-portioned meals with extended shelf lives. For instance, Truebell LLC reported up to 300% demand growth for long-shelf-life products in June 2020. This awareness drives the ready meals market.
View More On The Ready Meals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ready-meals-global-market-report
- Key Trend
Rising demand for fresher, nutritionally compliant ready meals is a popular trend. FiveStar Gourmet Foods launched Simply Fresh2GO in September 2020, catering to retail and school food services, adhering to school lunch dietary standards, and offering balanced, complete meals with protein, grains, fresh vegetables, and fruits.
- Major Players
Major players in the ready meals market are Tyson Foods Inc., Unilever Group, Nestle, Conagra Brands Inc., Kerry Foods, Chao Xiang Yuan Food Co. Ltd., Dr. Oetker, BRF Global, Berkshire, Green Mill Foods, Fleury Michon, PepsiCo Inc., Danone S.A., Sakara Life, and Gobble Inc.
- Top Market Segments
The global ready meals market is segmented –
1) By Product: Frozen, Chilled, Canned, Dried
2) By Distribution Channel: Supermarket / Hypermarket, Convenience Store, Online
3) By End-User: Residential, Food Services
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The Ready Meals Global Market Report 2023 provides an in-depth analysis on the ready meals market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the ready meals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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