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United States (US) Prepared Meals Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 46 Pages
  • September 2023
  • Region: United States
  • MarketLine
  • ID: 5651008
Description Jump to:
Prepared Meals in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The Prepared meals market consists of the retail sale of ready meals, chilled & frozen pizzas and meal kits, which only require heating before serving or provided with prepared ingredients which are then combined to an individual's preference when being cooked. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 exchange rates.
  • The US Prepared Meals market had total revenues of $47,287.6 million in 2022, representing a compound annual growth rate (CAGR) of 5.6% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 3.8% between 2017 and 2022, to reach a total of 5,113 million kilograms in 2022.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.7% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $54,001.5 million by the end of 2027.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the prepared meals market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the prepared meals market in the United States
  • Leading company profiles reveal details of key prepared meals market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United States prepared meals market with five year forecasts

Reasons to Buy

  • What was the size of the United States prepared meals market by value in 2022?
  • What will be the size of the United States prepared meals market in 2027?
  • What factors are affecting the strength of competition in the United States prepared meals market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the United States's prepared meals market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the US prepared meals market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
7.4. What are the most popular brands in the US prepared meals market?
8 Company Profiles
8.1. Nestle SA
8.2. Conagra Brands Inc
8.3. General Mills Inc
8.4. The Kraft Heinz Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: United States prepared meals market value: $ million, 2017-22
Table 2: United States prepared meals market volume: million kilograms, 2017-22
Table 3: United States prepared meals market category segmentation: % share, by value, 2017-2022
Table 4: United States prepared meals market category segmentation: $ million, 2017-2022
Table 5: United States prepared meals market geography segmentation: $ million, 2022
Table 6: United States prepared meals market distribution: % share, by value, 2022
Table 7: United States prepared meals market value forecast: $ million, 2022-27
Table 8: United States prepared meals market volume forecast: million kilograms, 2022-27
Table 9: United States prepared meals market share: % share, by value, 2022
Table 10: Nestle SA: key facts
Table 11: Nestle SA: Annual Financial Ratios
Table 12: Nestle SA: Key Employees
Table 13: Nestle SA: Key Employees Continued
Table 14: Conagra Brands Inc: key facts
Table 15: Conagra Brands Inc: Annual Financial Ratios
Table 16: Conagra Brands Inc: Key Employees
Table 17: Conagra Brands Inc: Key Employees Continued
Table 18: General Mills Inc: key facts
Table 19: General Mills Inc: Annual Financial Ratios
Table 20: General Mills Inc: Key Employees
Table 21: The Kraft Heinz Co: key facts
Table 22: The Kraft Heinz Co: Annual Financial Ratios
Table 23: The Kraft Heinz Co: Key Employees
Table 24: The Kraft Heinz Co: Key Employees Continued
Table 25: United States size of population (million), 2018-22
Table 26: United States gdp (constant 2005 prices, $ billion), 2018-22
Table 27: United States gdp (current prices, $ billion), 2018-22
Table 28: United States inflation, 2018-22
Table 29: United States consumer price index (absolute), 2018-22
Table 30: United States exchange rate, 2018-22
List of Figures
Figure 1: United States prepared meals market value: $ million, 2017-22
Figure 2: United States prepared meals market volume: million kilograms, 2017-22
Figure 3: United States prepared meals market category segmentation: $ million, 2017-2022
Figure 4: United States prepared meals market geography segmentation: % share, by value, 2022
Figure 5: United States prepared meals market distribution: % share, by value, 2022
Figure 6: United States prepared meals market value forecast: $ million, 2022-27
Figure 7: United States prepared meals market volume forecast: million kilograms, 2022-27
Figure 8: Forces driving competition in the prepared meals market in the United States, 2022
Figure 9: Drivers of buyer power in the prepared meals market in the United States, 2022
Figure 10: Drivers of supplier power in the prepared meals market in the United States, 2022
Figure 11: Factors influencing the likelihood of new entrants in the prepared meals market in the United States, 2022
Figure 12: Factors influencing the threat of substitutes in the prepared meals market in the United States, 2022
Figure 13: Drivers of degree of rivalry in the prepared meals market in the United States, 2022
Figure 14: United States prepared meals market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Nestle SA
  • Conagra Brands Inc
  • General Mills Inc
  • The Kraft Heinz Co

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About the Ready Meal Market

The Ready Meal market is a subset of the Processed Food industry. Ready Meals are pre-prepared meals that are ready to eat or heat up quickly. They are typically sold in supermarkets, convenience stores, and online. Ready Meals are often seen as a convenient alternative to cooking from scratch, as they require minimal preparation and can be eaten quickly. Ready Meals are typically packaged in plastic or cardboard containers, and can be frozen or refrigerated. They are often sold in single-serve portions, but can also be found in larger family-sized packages. Ready Meals are often marketed as a healthier alternative to fast food, as they are typically lower in fat and calories. Ready Meals are popular among busy consumers who are looking for a quick and easy meal solution. They are also popular among those who are looking for a convenient way to enjoy restaurant-style meals at home. Some companies in the Ready Meal market include Nestle, Kraft Heinz, Unilever, McCain Foods, and Conagra Brands. Show Less Read more

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