The global ready meals market was valued at $72,257 million in 2016, and is expected to reach $146,247 million by 2023, registering a CAGR of 10.6% during the forecast period. Ready meals are defined as precooked meals that are prepared with minimum efforts. The ready meals market is characterized by the presence of large players with frequent innovations and product launch as their major strategy.
Increase in demand for packaged food predominantly drives the growth of the global ready meals market. Globally, the demand for packaged food is anticipated to increase at a moderate rate due to change in lifestyle and consumer preferences for ready-to-eat food products. In addition, rise in disposable income of people is expected to boost the demand for ready meals during the analysis period.
The report segments the global ready meals market based on type, distribution channel, and geography. On the basis of type, the market is divided into canned/preserved ready meals, chilled pizza, chilled ready meals, dried ready meals, frozen pizza, frozen ready meals, and prepared salads. By distribution channel, it is classified into store-based retailing and online retailing. The store-based retailing segment is broadly classified into supermarkets/hypermarkets, discounters, convenience stores, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to dominate the global ready meals market till 2023.
The prominent players in the global ready meals market have focused on product launch as their key strategy to gain significant share in the market.
The key players profiled in the report are
Bakkavor Foods Ltd.
ConAgra
Greencore Group Plc.
JH Heinz Company Ltd.
Nestle SA
Fleury Michon
Unilever Group
Northern Food Ltd.
Kerry Foods Ltd.
Premier Foods Group Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the global ready meals market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
MARKET SEGMENTATION
By Type
Canned/Preserved Ready Meals
Chilled Pizza
Chilled Ready Meals
Dried Ready Meals
Frozen Pizza
Frozen Ready Meals
Prepared Salads
By Distribution Channel
Store-based Retailing
Supermarkets/Hypermarkets
Discounters
Convenience Stores
Others
Online Retailing
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
*Other players in the value chain include
Oetker-Gruppe
Frosta AG
Campbell Soup Co
Bofrost Dienstleistungs GmbH & Co KG
Iglo Bird's Eye Frozen Foods
Freiberger Lebensmittel GmbH & Co KG
Hilcona AG
Gartenfrisch Jung GmbH
Bonduelle Groupe SA
General Mills Inc.
*Profiles of these players are not included in the report, but can be included on request.
