Global Ready Meals Market
Food And Beverages

Insights into the Future Growth Potential of the Ready Meals Market 2024-2033

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What is the Expected Expansion Rate of the Ready Meals Market in the 2024-2033 Forecast?

In recent times, there has been a robust expansion in the size of the ready meals market. The market is projected to inflate from $168.44 billion in 2023 to $184.38 billion in 2024, indicating a compound annual growth rate (CAGR) of 9.5%. Factors such as shifts in consumer lifestyles, urban growth, increasing instances of single-person homes, transformation in dietary preferences, and innovative advancements in packaging and preservatives have contributed to the growth during the historic period.

The market size for ready meals is projected to experience accelerated expansion in the forthcoming years, rising to $272.76 billion in 2028 with a compound annual growth rate (CAGR) of 10.3%. This anticipated growth within the forecasted period can be linked to a persistent focus on convenience, global food diversity, a growing emphasis on health and wellbeing, e-commerce platform evolution, and advancements in dietary habits. Noteworthy trends expected throughout the forecast period comprise of technology-enhanced cooking and meal prep, a focus on health-related claims and transparency, customized and personalized options, innovative substitutes for meat, and broadening breakfast and snack choices.

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What Factors Are Catalyzing the Growth of the ready meals Market?

Paraphrased: The increasing knowledge of food items with prolonged shelf lives significantly fuels the expansion of the ready meals market. The period during which an item can be safely eaten while maintaining its desired attributes, such as sensory, functional, chemical, and microbiological qualities, is referred to as shelf life. Long shelf-life foods like ready meals are sought after due to their convenience, economic efficiency, quickness, and pre-portioning. World Technology Ingredients, Inc., a manufacturing company of food ingredients in the US, reported in April 2023 that food shelf-life extension could cut consumer food waste by roughly 50%. Each year, about 2.8 trillion pounds of food get wasted worldwide, with the US alone contributing to an 80 billion wastage. Therefore, increased awareness of durable food items is stimulating the growth of the ready meals market.

Which Segments Are Important in the Ready Meals Market Landscape?

1) By Product: Frozen, Chilled, Canned, Dried

2) By Distribution Channel: Supermarket / Hypermarket, Convenience Store, Online

3) By End-User: Residential, Food Services

What Are the Groundbreaking Trends in the Ready Meals Market?

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What Are the Key Regions Powering Growth in the Ready Meals Market?

Western Europe was the largest region in the ready meals market in 2023. 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.

The Ready Meals Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the ready meals market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Ready Meals Market Include

1. Ready Meals Market Executive Summary

2. Ready Meals Market Segments

3. Ready Meals Market Size And Template Market Growth Rate

4. Key Ready Meals Market Trends

5. Major Ready Meals Market Drivers

……

25. Key Mergers And Acquisitions In The Ready Meals Market

26. Top Ready Meals Companies

27. Ready Meals Market Opportunities And Strategies

28. Ready Meals Market, Conclusions And Recommendations

29. Appendix

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