Ready Meals Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[210+ Pages Report] According to the report published by Facts Factors, the global ready meals market size was valued at around USD 143.59 billion in 2022 and is expected to grow around 205.57 billion by 2030 with a compound annual growth rate (CAGR) of approximately 5.26% between 2023 and 2030. The report analyzes the global ready meals market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the ready meals market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the ready meals industry. The report analyzes and declares the historical and current trends analysis of the ready meals industry and subsequently recommends the projected trends anticipated to be observed in the ready meals market during the upcoming years.

The ready meals market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire ready meals market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2020 – 2030.

Key Insights from Primary Research

• Wide ranginginterviews with high ranking executive of multiple companies operating in the ready meals market directed towards a sizeable growth of ready mealsmarket with anticipated CAGR of 5.26% for period ranging from 2023 to 2030
• Theirforecastdesignates towardslarger market value beyond USD 205.57 billion by 2030. Their insights have been further authenticated with our extensive analysis of ready mealsmarket conducted by expert research analysts.
• The company representativesalso believe that theAsia Pacific region will be the brightest spot for expansion of the ready meals market. TheNorth American region and Europe are expected to remain major markets.
• Based on product type segmentation, the frozen ready meal is projected to be largest and the fastest growing over the forecast period.

Key Recommendations from Analysts

• Our analysts recommend for greater focus in Europe region owing to enormous potential of the region mainly backed by large base of migrating students in the region.
• Large educational base, professional life style are boosting factor, however near higher growth potential can be witness in major markets like China, South Korea and major countries of Europe.
• Our statistical analysis of future trends direct towards faster growth ofReady Mealsduring years between 2023 and 2030 owing to rising economies in the Asia Pacific region.
• Our analysts predict the Asia-Pacific region to be the top investment pocket in the global ready meals market owing to rising economic conditions.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the ready meals industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the ready meals industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the ready meals market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the ready meals industry. The ready meals market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the ready meals sector. Key strategic developments in the ready meals market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the ready meals market are appropriately highlighted in the report.

Fast-paced lifestyle and longer travel hours are expected to be the primary factors driving the growth of the ready meals market. The convenience gained in reduced cooking time of ready meals has been ideal for the professionals. Minimal processing and reduced additives amount coupled with long shelf life have strengthened the consumer’s perspective towards the ready meals. The strong student population staying away from home has been an additional booster for the growth of the ready meals market. The ready meals are considered to be cost-effective alternatives thereby augmenting the ready meals market.

Moreover, manufacturers of ready meals are actively pursuing the introduction of new nutritional products with a minimized or nil amount of additives. The market is expected to further strengthen in developed economies with high per capita income wherein the disposable income is higher.

The ready meals market research report delivers an acute valuation and taxonomy of the ready meals industry by practically splitting the market on the basis of different products, distribution channel,s, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the ready meals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the ready meals industry is provided for the leading economies of the world.

The ready meals market is segmented based on product and distribution channels.  On the basis of product segmentation, the market is classified into chilled & frozen ready meals, dried ready meals, canned meals. In terms of distribution channel segmentation, the market is bifurcated into supermarkets, convenience stores, and online.

Some of the essential players operating in the ready meals market, but not restricted to include

• Oetker-Gruppe
• Campbell Soup Co
•  Frosta AG
•   Campbell Soup Co
• Bofrost Dienstleistungs GmbH & Co KG
•  Freiberger Lebensmittel GmbH & Co KG
•  Gartenfrisch Jung GmbH
•  Hilcona AG
•  Iglo Bird's Eye Frozen Foods
•  Bonduelle Groupe SA and General Mills Inc.

The taxonomy of the ready meals industry by its scope and segmentation is as follows:

By Product Type Segmentation Analysis

• Chilled & Frozen Ready Meals
• Dried Ready Meals
• Canned Meals

By Distribution Channel Segmentation Analysis

• Supermarkets
• Convenience Stores
• Online

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)