Ready Meals - Global Strategic Business Report

The global market for Ready Meals is estimated at US$208.4 Billion in 2023 and is projected to reach US$308.3 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the ready meals market is driven by several factors. Changing consumer lifestyles, particularly the increasing demand for convenience due to busy work schedules and urban living, are primary drivers of this market expansion. The proliferation of single-person households and smaller family units also boosts demand for single-serve ready meals, which cater to individuals seeking quick and easy meal solutions without the hassle of cooking. Technological innovations in food processing and packaging have made it possible to produce ready meals that retain their freshness and quality over extended periods, expanding their appeal to a wider audience. The rise of e-commerce and food delivery services has further enhanced the accessibility of ready meals, catering to the growing preference for online shopping and home delivery. Additionally, targeted marketing strategies that emphasize the quality, variety, and health benefits of ready meals are attracting a broader consumer base. The COVID-19 pandemic further accelerated the adoption of ready meals as consumers sought convenient and safe meal solutions amid lockdowns and social distancing measures. Collectively, these factors create a robust and dynamic market environment, driving continuous growth and innovation in the ready meals sector, with ongoing developments expected to cater to evolving consumer demands and preferences.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Frozen & Chilled Ready Meals segment, which is expected to reach US$156.6 Billion by 2030 with a CAGR of a 5.8%. The Dried Ready Meals segment is also set to grow at 4.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $54.4 Billion in 2023, and China, forecasted to grow at an impressive 9.1% CAGR to reach $73.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Ready Meals Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Ready Meals Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Ready Meals Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bakkavor Group Ltd., Conagra Brands, Inc., Fleury Michon, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 47 Featured):

• Bakkavor Group Ltd.
• Conagra Brands, Inc.
• Fleury Michon
• Greencore Group PLC
• Kerry Group PLC
• Nestle SA
• Northern Foods (1991) Ltd.
• Premier Foods PLC