Ready Meals Market to See Huge Growth by 2029 : Kellogg, Nestle, General Mills

Ready Meals Market to see Huge Growth by 2029


Pune, Maharashtra -- (SBWire) -- 08/22/2023 --The 2023E-2030 Global Ready Meals Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Conagra Brands (United States), The Kraft Heinz Company (United States), Nestle (Switzerland), Unilever (United Kingdom/Netherlands), Shanghai Chao Xiang Yuan Food (China), Dr. Oetker (Germany), BRF (Brazil), General Mills (United States), Massa Leve (Brazil), Tyson Foods (United States), Nomad Foods (United Kingdom), Kellogg Company (United States), McCain Foods Limited (Canada), J.M. Smucker Co. (United States), Daiya Foods Inc. (Canada), Pinnacle Foods Co (United States), J.R. Simplot Co. (United States), California American Kitchen (United States), Atkins Nutritionals Inc. (United States), FROSTA AG (Germany), Beyond Meat (United States).

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The Global Ready Meals Market was valued at USD 155.37 Billion in 2023 and is expected to reach USD 220.51 Billion by 2029, growing at a CAGR of 7.12% during 2023-2029.

The ready meals market refers to the segment of the food industry that offers pre-packaged, convenient, and easily prepared meals that are ready for consumption with minimal cooking or heating required. Ready meals, also known as convenience meals or prepared meals, are designed to save time and effort for consumers who may not have the time or resources to cook from scratch. Ready meals are designed to be quick and easy to prepare, requiring minimal effort on the part of the consumer. They are often pre-cooked or partially cooked and simply need to be heated or microwaved before serving. Ready meals are typically packaged in microwave-safe containers or oven-ready trays to facilitate easy heating and serving. Many ready meals are designed to have a longer shelf life, allowing consumers to stock up on them for quick and convenient meals whenever needed.

Market Trends:

- The increasing pace of modern lifestyles and busier schedules have led to a growing demand for ready meals, as consumers seek quick and easy meal solutions.
- Ready meals are increasingly offering a wide variety of ethnic and international cuisine options, catering to consumers' preferences for global flavours and tastes.
- Consumers are increasingly looking for healthier and more nutritious ready meal options, leading to a rise in products with clean labels, organic ingredients, and reduced levels of preservatives and additives.

Market Drivers:

- With more people having less time to cook elaborate meals, ready meals offer a convenient and time-saving solution for satisfying their hunger.
- Urbanization has led to smaller living spaces and larger numbers of single-person households, creating a demand for individually portioned and easy-to-prepare meals.
- The growth of e-commerce has made it easier for consumers to access a wide range of ready meals and have them delivered directly to their homes.

Market Opportunities:

- There is an opportunity for manufacturers to develop and market ready meals with healthier ingredients and more plant-based options to cater to health-conscious consumers.
- Customizable ready meals that allow consumers to adjust ingredients, portion sizes, or flavours could attract a broader customer base.

Market Challenges:

- Some ready meals may have high levels of salt, sugar, and unhealthy fats, leading to concerns about their nutritional value.
- Some consumers may perceive ready meals as less fresh and of lower quality compared to freshly prepared meals.

2023E-2030 Global Ready Meals Market Competitive Analysis

Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Conagra Brands (United States), The Kraft Heinz Company (United States), Nestle (Switzerland), Unilever (United Kingdom/Netherlands), Shanghai Chao Xiang Yuan Food (China), Dr. Oetker (Germany), BRF (Brazil), General Mills (United States), Massa Leve (Brazil), Tyson Foods (United States), Nomad Foods (United Kingdom), Kellogg Company (United States), McCain Foods Limited (Canada), J.M. Smucker Co. (United States), Daiya Foods Inc. (Canada), Pinnacle Foods Co (United States), J.R. Simplot Co. (United States), California American Kitchen (United States), Atkins Nutritionals Inc. (United States), FROSTA AG (Germany), Beyond Meat (United States)

Additionally, Past 2023E-2030 Global Ready Meals Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting

Essential demographic, geographic, psychographic, and behavioural information about business segments in the 2023E-2030 Ready Meals market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

2023E-2030 Ready Meals Product Types In-Depth: Chilled, Frozen, Shelf-stable, Canned

2023E-2030 Ready Meals Major Applications/End users: Rice based Meals, Curry based Meals, Grain-based Meals, Others

2023E-2030 Ready Meals Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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