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Global Ready Meals Market

  • Published Date: 08 Nov 2018
  • Number of Pages: 197
  • Category: Food and Beverages
  • Country: Global
By 2022, the Global Ready Meals Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period.Complete meals, whether frozen, chilled, canned or dried, which require only heating before being served are categorized as ready meals. They include a large portfolio of food products, ranging from beef meals, chicken meals and frozen pizza to a variety of vegetables and fruits. Ready meals are a convenient alternative to cooking at home and are increasingly becoming popular among the working populating as they require minimal time and effort for preparation.

Market Dynamics

Due to ahectic lifestyle, a rising population of consumers is now preferring ready-to-eat meals that are quick and cost effective. The rising disposable income of consumers is further propelling the growth of the market. Moreover, vendors are constantly trying to introduce healthier ready meals and low carbon, biodegradable barrier tray packaging - thus maintaining the quality of food and, at the same time, increasing the shelf life of products.

Conversely, a negative perception of health-conscious consumers pertaining to the health effects of convenience and on-the-go food is adversely affecting the market growth.The consumption of these meals is increasingly being associated with a rise in the prevalence of obesity and other lifestyle-related diseases.Furthermore, events such as the horse meat scandal of 2013 (UK) have played a major role in drawing consumers away from these meals.The existing storage and transportation system has resulted in manufacturers being unable to ensure quality and consistency, which has further hampered the growth prospects of the market.

Market Segmentation

The global ready meals market is fragmented on the basis of product type and distribution channel.

Product Type
> Frozen ready meals
> Chilled ready meals
> Canned ready meals
> Dried ready meals
Distribution Channel
> Hypermarkets and supermarkets
> Convenience stores
> Independent retailers
Geographical Analysis

Europe, driven by countries like U.K., Germany, France, Spain, and Russia,is the major contributor to the global ready meals market and is predicted to continue its dominance, due to the introduction of various healthy ready meals such as frozen salads, vegetables, and gluten-free meat. North America is the next big market due to anincrease in the demand for pre-packaged and pre-cooked food. The Asia Pacific region is anticipated to flourish owing to a rising population, rapid industrialization, and financial strengthening of the consumer base in emerging economies such as India and China.

Key Players

Prominent companies such as Fleury Michon, ConAgra, Greencore Group Plc., Kraft Heinz, Nestle, Northern Food Ltd., Kerry Foods Ltd., and Unilever are investing large capital in R&D to launch innovative products in order to stay ahead in the market.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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