Ready-to-Eat Meals Market Scope and Analysis Report by 2030
Ready-to-Eat Meals Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 472.23 Billion |
Market Size by 2030 | US$ 802.69 Billion |
Global CAGR (2022 - 2030) | 6.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COVID-19 Pandemic Impact:
The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel bans, and business shutdowns in leading countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) negatively affected the growth of various industries, including food & beverages. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia Pacific, and North America on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. Moreover, the closure of slaughterhouses due to the lockdown negatively impacted the market growth. All these factors hampered the food & beverages industry in 2020 and early 2021, thereby restraining the growth of the ready-to-eat meals market.
Competitive Landscape and Key Companies:
Tyson Foods Inc., SK Chilled Foods, Fresh Grill Foods LLC, Dandee Sandwich Co., Taylor Farms, Calavo Growers Inc., Hearthside Food Solutions LLC, EA Sween, FreshRealm, and TripleSticks are among the prominent players operating in the global ready-to-eat-meals market. These ready-to-eat meal manufacturers offer cutting-edge extract solutions with innovative features to deliver a superior experience to consumers.