Ready Meals Market by Type (Canned/Preserved Ready Meals, Chilled Pizza, Chilled Ready Meals, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, and Prepared Salads) and Distribution Channel (Store-based Retailing (Supermarkets/Hypermarkets Discounters, Convenience Stores, and Others) and Online Retailing) - Global Opportunity Analysis and Industry Forecast, 2017-2023
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.
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