Ready Meals Market Opportunities 2031
Ready meals are a meal cooked and bought at a shop but taken somewhere else, often home, to be heated and eaten. Continued demand for convenient and timesaving food solutions has driven the growth of the ready meals market. Busy everyday lives of people, both professionally and privately, are tightly scheduled. In addition, the number of traditional family households is dwindling, and the number of single households is constantly on the rise. All these factors have boosted the demand for ready meals.
MARKET DYNAMICS
The ready meals market has witnessed significant growth owing to factors such as Shifting consumers' food preferences towards ready-to-eat food products owing to the busy lifestyle of working individuals as well as hectic work schedules of college grads and students. Moreover, the expanding demand for minimally processed and additive-free food products with an extended shelf life provides huge market opportunities for the key players in the market. However, increasing health awareness and the negative perceptions regarding the effects of the ready meal is projected to hamper the overall growth of the ready meals market.
MARKET SCOPE
The "Global Ready meals Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ready meals market with detailed market segmentation by product type, distribution channel and geography. The global ready meals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ready meals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ready meals market is segmented on the basis of product type and distribution channel. On the basis of product type, the ready meals market is segmented into frozen ready meals, chilled ready meals, canned ready meals, and dried ready meals. On the basis of distribution channel, the ready meals market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ready meals market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ready meals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ready meals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ready meals market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ready meals market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ready meals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ready meals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ready meals market in these regions.
MARKET PLAYERS
The reports cover key developments in the ready meals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ready meals market are anticipated to lucrative growth opportunities in the future with the rising demand for ready meals in the global market. Below mentioned is the list of few companies engaged in the ready meals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ready meals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Berkshire
- BRF S.A.
- Chao Xiang Yuan Food Co. Ltd.
- Conagra Brands, Inc
- Kraft Heinz Company
- McCain Foods Ltd
- Nestle SA
- Nomad Foods Ltd
- Oetker Group
- Premier Foods plc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ready Meals Market - By Product Type
1.3.2 Ready Meals Market - By Distribution Channel
1.3.3 Ready Meals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. READY MEALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. READY MEALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. READY MEALS MARKET - GLOBAL MARKET ANALYSIS
6.1. READY MEALS - GLOBAL MARKET OVERVIEW
6.2. READY MEALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. READY MEALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FROZEN READY MEALS
7.3.1. Overview
7.3.2. Frozen Ready Meals Market Forecast and Analysis
7.4. CHILLED READY MEALS
7.4.1. Overview
7.4.2. Chilled Ready Meals Market Forecast and Analysis
7.5. CANNED READY MEALS
7.5.1. Overview
7.5.2. Canned Ready Meals Market Forecast and Analysis
7.6. DRIED READY MEALS
7.6.1. Overview
7.6.2. Dried Ready Meals Market Forecast and Analysis
8. READY MEALS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS/HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets/Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL STORES
8.5.1. Overview
8.5.2. Online Retail Stores Market Forecast and Analysis
8.6. FOTHERS
8.6.1. Overview
8.6.2. fOthers Market Forecast and Analysis
9. READY MEALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ready Meals Market Overview
9.1.2 North America Ready Meals Market Forecasts and Analysis
9.1.3 North America Ready Meals Market Forecasts and Analysis - By Product Type
9.1.4 North America Ready Meals Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Ready Meals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ready Meals Market
9.1.5.1.1 United States Ready Meals Market by Product Type
9.1.5.1.2 United States Ready Meals Market by Distribution Channel
9.1.5.2 Canada Ready Meals Market
9.1.5.2.1 Canada Ready Meals Market by Product Type
9.1.5.2.2 Canada Ready Meals Market by Distribution Channel
9.1.5.3 Mexico Ready Meals Market
9.1.5.3.1 Mexico Ready Meals Market by Product Type
9.1.5.3.2 Mexico Ready Meals Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Ready Meals Market Overview
9.2.2 Europe Ready Meals Market Forecasts and Analysis
9.2.3 Europe Ready Meals Market Forecasts and Analysis - By Product Type
9.2.4 Europe Ready Meals Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Ready Meals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ready Meals Market
9.2.5.1.1 Germany Ready Meals Market by Product Type
9.2.5.1.2 Germany Ready Meals Market by Distribution Channel
9.2.5.2 France Ready Meals Market
9.2.5.2.1 France Ready Meals Market by Product Type
9.2.5.2.2 France Ready Meals Market by Distribution Channel
9.2.5.3 Italy Ready Meals Market
9.2.5.3.1 Italy Ready Meals Market by Product Type
9.2.5.3.2 Italy Ready Meals Market by Distribution Channel
9.2.5.4 United Kingdom Ready Meals Market
9.2.5.4.1 United Kingdom Ready Meals Market by Product Type
9.2.5.4.2 United Kingdom Ready Meals Market by Distribution Channel
9.2.5.5 Russia Ready Meals Market
9.2.5.5.1 Russia Ready Meals Market by Product Type
9.2.5.5.2 Russia Ready Meals Market by Distribution Channel
9.2.5.6 Rest of Europe Ready Meals Market
9.2.5.6.1 Rest of Europe Ready Meals Market by Product Type
9.2.5.6.2 Rest of Europe Ready Meals Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ready Meals Market Overview
9.3.2 Asia-Pacific Ready Meals Market Forecasts and Analysis
9.3.3 Asia-Pacific Ready Meals Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Ready Meals Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Ready Meals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ready Meals Market
9.3.5.1.1 Australia Ready Meals Market by Product Type
9.3.5.1.2 Australia Ready Meals Market by Distribution Channel
9.3.5.2 China Ready Meals Market
9.3.5.2.1 China Ready Meals Market by Product Type
9.3.5.2.2 China Ready Meals Market by Distribution Channel
9.3.5.3 India Ready Meals Market
9.3.5.3.1 India Ready Meals Market by Product Type
9.3.5.3.2 India Ready Meals Market by Distribution Channel
9.3.5.4 Japan Ready Meals Market
9.3.5.4.1 Japan Ready Meals Market by Product Type
9.3.5.4.2 Japan Ready Meals Market by Distribution Channel
9.3.5.5 South Korea Ready Meals Market
9.3.5.5.1 South Korea Ready Meals Market by Product Type
9.3.5.5.2 South Korea Ready Meals Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Ready Meals Market
9.3.5.6.1 Rest of Asia-Pacific Ready Meals Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Ready Meals Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ready Meals Market Overview
9.4.2 Middle East and Africa Ready Meals Market Forecasts and Analysis
9.4.3 Middle East and Africa Ready Meals Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Ready Meals Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Ready Meals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ready Meals Market
9.4.5.1.1 South Africa Ready Meals Market by Product Type
9.4.5.1.2 South Africa Ready Meals Market by Distribution Channel
9.4.5.2 Saudi Arabia Ready Meals Market
9.4.5.2.1 Saudi Arabia Ready Meals Market by Product Type
9.4.5.2.2 Saudi Arabia Ready Meals Market by Distribution Channel
9.4.5.3 U.A.E Ready Meals Market
9.4.5.3.1 U.A.E Ready Meals Market by Product Type
9.4.5.3.2 U.A.E Ready Meals Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Ready Meals Market
9.4.5.4.1 Rest of Middle East and Africa Ready Meals Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Ready Meals Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ready Meals Market Overview
9.5.2 South and Central America Ready Meals Market Forecasts and Analysis
9.5.3 South and Central America Ready Meals Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Ready Meals Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Ready Meals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ready Meals Market
9.5.5.1.1 Brazil Ready Meals Market by Product Type
9.5.5.1.2 Brazil Ready Meals Market by Distribution Channel
9.5.5.2 Argentina Ready Meals Market
9.5.5.2.1 Argentina Ready Meals Market by Product Type
9.5.5.2.2 Argentina Ready Meals Market by Distribution Channel
9.5.5.3 Rest of South and Central America Ready Meals Market
9.5.5.3.1 Rest of South and Central America Ready Meals Market by Product Type
9.5.5.3.2 Rest of South and Central America Ready Meals Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. READY MEALS MARKET, KEY COMPANY PROFILES
11.1. BERKSHIRE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRF S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHAO XIANG YUAN FOOD CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CONAGRA BRANDS, INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KRAFT HEINZ COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MCCAIN FOODS LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NESTLE SA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NOMAD FOODS LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OETKER GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PREMIER FOODS PLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Berkshire
2. BRF S.A.
3. Chao Xiang Yuan Food Co. Ltd.
4. Conagra Brands, Inc
5. Kraft Heinz Company
6. McCain Foods Ltd
7. Nestle SA
8. Nomad Foods Ltd
9. Oetker Group
10. Premier Foods plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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