Pune, India -- (SBWire) -- 02/20/2019 --Global Ready to Eat Food Market is expected to rise from its initial estimated value of USD 114,387.81 million in 2018 to an estimated value of USD 219,693.73 million by 2026, registering a CAGR of 8.50% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.
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Market Definition: Global Ready to Eat Food Market
Ready to eat food is plant and animal derived food that is initially washed, then cooked after which it is frozen and processed to be consumed after heating directly. This process saves energy and time of consumers. People now prefer to eat nutritional small quantity of ready to eat food instead of traditional large meals due to their busy lifestyle.
Key Market Competitors: Global Ready to Eat Food Market
- Nomad Foods Ltd.,
- Bakkavor Foods Ltd.,
- General Mills Inc.,
- McCain Foods.,
- Premier Foods Group Ltd.,
- Greencore Group Plc.,
- Orkla ASA,
- ConAgra Foods Inc.,
- Teleflex Incorporated,
- Birds Eye Ltd.,
- Findus Group Ltd.,
- ITC Limited,
- Nestle,
- Conagra Brands, Inc.,
- Unilever,
- The Kraft Heinz Company.,
- CSC Brand LP.,
- Hormel Foods Corporation.,
- Tyson Foods, Inc.,
- Fleury Michon,
- Grupo Herdez Food Services,
- Greencore Group plc
Market Drivers:
- Rapid urbanization and high disposable income is expected to drive the market growth
- Lack of time to cook at home due to busy schedules is also expected to drive the market growth
Market Restraints:
- Poor sensory properties of ready-to-eat food is expected to restrain the market growth
- Rising health consciousness among the consumers is also expected to restrain the market growth
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Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure
Segmentation: Global Ready to Eat Food Market
- By Product
1. Meat/Poultry Products
2. Cereal Based Products
3. Vegetable Based Products
4. Others
- By Packaging
1. Canned
2. Frozen or Chilled
3. Retort
4. Others
- By Distribution Channel
1. Hypermarket/Supermarket
2. Convenience/Departmental Store
3. Specialty Store
4. Online Store
5. Others
- By Geography
o North America
o Europe
o Asia-Pacific
o Middle East & Africa
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Ready to Eat Food Market Is Growing at a Significant Rate in Forecast Period 2019-2026: Global Industry Analysis Research News by 2019