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Ready Meals Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, and Online Stores), By Type By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 338 Pages
  • December 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5917213
The Global Ready Meals Market size is expected to reach $275.9 billion by 2030, rising at a market growth of 7.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,317.7 kilo tonnes experiencing a growth of 10.4% (2019-2022).

Consumers increasingly prioritize healthier eating habits and convenience. Prepared salads offer a convenient and quick meal option that is perceived as healthier than many other fast-food alternatives. Consequently, the prepared salads segment would generate approximately 11.1% share of the market by 2030. They provide a balance of vegetables, proteins, and often grains, appealing to health-conscious consumers looking for nutritious options. The intersection of health consciousness, convenience, variety, quality, and accessibility has fueled the demand for prepared salads, making them a favored choice among consumers seeking nutritious and easy meal solutions. Some of the factors affecting the market are changing lifestyle and preferences of consumers, growing awareness of health and wellness, and growing consumer demand for fresh foods.

Modern lifestyles are characterized by hectic schedules, longer working hours, and increased time constraints. As a result, consumers, especially in urban areas, often seek convenient meal options that require minimal preparation. Ready meals cater to the needs of consumers constantly on the go. As these factors continue to shape eating habits and lifestyles, the market will likely grow and diversify to meet the evolving needs of a time-conscious consumer base. Moreover, ready meals are evolving to include nutrient-dense ingredients such as whole grains, lean proteins, fruits, and vegetables. This shift addresses consumer concerns about the nutritional value of their meals, attracting those looking for healthier options. As these trends continue influencing consumer choices, the market will likely further diversify its offerings to meet evolving dietary preferences and wellness goals.

However, consumers associating freshness with minimally processed foods may view ready meals as heavily processed. Preservatives or additives to extend shelf life can further contribute to a negative perception, deterring those seeking fresh and natural options. Consumers increasingly prioritize local and seasonal ingredients for freshness and sustainability. Due to the above factors, market growth will be hampered in the coming years.

Type Outlook

Based on type, the market is fragmented into frozen pizza, frozen ready meals, prepared salads, dried ready meals, canned/preserved ready meals, chilled ready meals, and chilled pizza. The canned/preserved segment garnered a significant revenue share in the market in 2022. Canned meals are inherently portable, making them suitable for on-the-go consumption. This is particularly appealing for individuals who need a quick and easy meal solution during outdoor activities, travel, or work breaks. Unlike fresh or frozen ready meals, canned or preserved options do not require refrigeration. This makes them convenient for storage in pantries or other non-refrigerated spaces, reducing the need for additional storage infrastructure.

Distribution Channel Outlook

On the basis of distribution channel, market is segmented into supermarkets/hypermarkets, convenience stores, and online stores. The online stores segment acquired a substantial revenue share in the market in 2022. Online stores often feature customer reviews and ratings for ready meals, providing valuable insights for potential buyers. These details help consumers make informed decisions about the products' taste, quality, and overall satisfaction. Online stores offer a wide range of ready meals, catering to various tastes, preferences, and dietary requirements. Consumers can explore diverse options, including traditional dishes, international cuisines, and specialty meals. Some online grocery platforms offer subscription services for ready meals, allowing customers to receive regular deliveries of their favorite meals.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region recorded a remarkable revenue share in the market in 2022. Pre-packaged meal consumption is most prevalent in the United States. Increased health consciousness and concerns regarding food safety are motivating consumers to modify their food preferences, which in turn is stimulating product demand in the area. Furthermore, the value of pre-packaged gluten-free, vegan, and organic foods is primarily derived from consumer confidence and the perception that these foods are healthful. The growing popularity of ready-to-eat dishes can be attributed to their portability, convenience, and the increased availability of innovative options.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bakkavor Group PLC, Conagra Brands, Inc., General Mills, Inc., The Kraft Heinz Company, Nestle S.A, Fleury Michon, Unilever PLC, Kerry Group PLC, Premier Foods PLC (Premier Foods Group Services Ltd.), Kellogg Company

Scope of the Study

Market Segments Covered in the Report:

By Distribution Channel (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Supermarkets/ Hypermarkets
  • Convenience Stores
  • Online Stores
By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Frozen Pizza
  • Canned/Preserved Ready Meals
  • Frozen Ready Meals
  • Prepared Salads
  • Chilled Ready Meals
  • Dried Ready Meals
  • Chilled Pizza
By Geography (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Bakkavor Group PLC
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • The Kraft Heinz Company
  • Nestle S.A
  • Fleury Michon
  • Unilever PLC
  • Kerry Group PLC
  • Premier Foods PLC (Premier Foods Group Services Ltd.)
  • Kellogg Company

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Ready Meals Market, by Distribution Channel
1.4.2 Global Ready Meals Market, by Type
1.4.3 Global Ready Meals Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Ready Meals Market by Distribution Channel
4.1 Global Supermarkets/ Hypermarkets Market by Region
4.2 Global Convenience Stores Market by Region
4.3 Global Online Stores Market by Region
Chapter 5. Global Ready Meals Market by Type
5.1 Global Frozen Pizza Market by Region
5.2 Global Canned/Preserved Ready Meals Market by Region
5.3 Global Frozen Ready Meals Market by Region
5.4 Global Prepared Salads Market by Region
5.5 Global Chilled Ready Meals Market by Region
5.6 Global Dried Ready Meals Market by Region
5.7 Global Chilled Pizza Market by Region
Chapter 6. Global Ready Meals Market by Region
6.1 North America Ready Meals Market
6.1.1 North America Ready Meals Market by Distribution Channel
6.1.1.1 North America Supermarkets/ Hypermarkets Market by Country
6.1.1.2 North America Convenience Stores Market by Country
6.1.1.3 North America Online Stores Market by Country
6.1.2 North America Ready Meals Market by Type
6.1.2.1 North America Frozen Pizza Market by Country
6.1.2.2 North America Canned/Preserved Ready Meals Market by Country
6.1.2.3 North America Frozen Ready Meals Market by Country
6.1.2.4 North America Prepared Salads Market by Country
6.1.2.5 North America Chilled Ready Meals Market by Country
6.1.2.6 North America Dried Ready Meals Market by Country
6.1.2.7 North America Chilled Pizza Market by Country
6.1.3 North America Ready Meals Market by Country
6.1.3.1 US Ready Meals Market
6.1.3.1.1 US Ready Meals Market by Distribution Channel
6.1.3.1.2 US Ready Meals Market by Type
6.1.3.2 Canada Ready Meals Market
6.1.3.2.1 Canada Ready Meals Market by Distribution Channel
6.1.3.2.2 Canada Ready Meals Market by Type
6.1.3.3 Mexico Ready Meals Market
6.1.3.3.1 Mexico Ready Meals Market by Distribution Channel
6.1.3.3.2 Mexico Ready Meals Market by Type
6.1.3.4 Rest of North America Ready Meals Market
6.1.3.4.1 Rest of North America Ready Meals Market by Distribution Channel
6.1.3.4.2 Rest of North America Ready Meals Market by Type
6.2 Europe Ready Meals Market
6.2.1 Europe Ready Meals Market by Distribution Channel
6.2.1.1 Europe Supermarkets/ Hypermarkets Market by Country
6.2.1.2 Europe Convenience Stores Market by Country
6.2.1.3 Europe Online Stores Market by Country
6.2.2 Europe Ready Meals Market by Type
6.2.2.1 Europe Frozen Pizza Market by Country
6.2.2.2 Europe Canned/Preserved Ready Meals Market by Country
6.2.2.3 Europe Frozen Ready Meals Market by Country
6.2.2.4 Europe Prepared Salads Market by Country
6.2.2.5 Europe Chilled Ready Meals Market by Country
6.2.2.6 Europe Dried Ready Meals Market by Country
6.2.2.7 Europe Chilled Pizza Market by Country
6.2.3 Europe Ready Meals Market by Country
6.2.3.1 Germany Ready Meals Market
6.2.3.1.1 Germany Ready Meals Market by Distribution Channel
6.2.3.1.2 Germany Ready Meals Market by Type
6.2.3.2 UK Ready Meals Market
6.2.3.2.1 UK Ready Meals Market by Distribution Channel
6.2.3.2.2 UK Ready Meals Market by Type
6.2.3.3 France Ready Meals Market
6.2.3.3.1 France Ready Meals Market by Distribution Channel
6.2.3.3.2 France Ready Meals Market by Type
6.2.3.4 Russia Ready Meals Market
6.2.3.4.1 Russia Ready Meals Market by Distribution Channel
6.2.3.4.2 Russia Ready Meals Market by Type
6.2.3.5 Spain Ready Meals Market
6.2.3.5.1 Spain Ready Meals Market by Distribution Channel
6.2.3.5.2 Spain Ready Meals Market by Type
6.2.3.6 Italy Ready Meals Market
6.2.3.6.1 Italy Ready Meals Market by Distribution Channel
6.2.3.6.2 Italy Ready Meals Market by Type
6.2.3.7 Rest of Europe Ready Meals Market
6.2.3.7.1 Rest of Europe Ready Meals Market by Distribution Channel
6.2.3.7.2 Rest of Europe Ready Meals Market by Type
6.3 Asia Pacific Ready Meals Market
6.3.1 Asia Pacific Ready Meals Market by Distribution Channel
6.3.1.1 Asia Pacific Supermarkets/ Hypermarkets Market by Country
6.3.1.2 Asia Pacific Convenience Stores Market by Country
6.3.1.3 Asia Pacific Online Stores Market by Country
6.3.2 Asia Pacific Ready Meals Market by Type
6.3.2.1 Asia Pacific Frozen Pizza Market by Country
6.3.2.2 Asia Pacific Canned/Preserved Ready Meals Market by Country
6.3.2.3 Asia Pacific Frozen Ready Meals Market by Country
6.3.2.4 Asia Pacific Prepared Salads Market by Country
6.3.2.5 Asia Pacific Chilled Ready Meals Market by Country
6.3.2.6 Asia Pacific Dried Ready Meals Market by Country
6.3.2.7 Asia Pacific Chilled Pizza Market by Country
6.3.3 Asia Pacific Ready Meals Market by Country
6.3.3.1 China Ready Meals Market
6.3.3.1.1 China Ready Meals Market by Distribution Channel
6.3.3.1.2 China Ready Meals Market by Type
6.3.3.2 Japan Ready Meals Market
6.3.3.2.1 Japan Ready Meals Market by Distribution Channel
6.3.3.2.2 Japan Ready Meals Market by Type
6.3.3.3 India Ready Meals Market
6.3.3.3.1 India Ready Meals Market by Distribution Channel
6.3.3.3.2 India Ready Meals Market by Type
6.3.3.4 South Korea Ready Meals Market
6.3.3.4.1 South Korea Ready Meals Market by Distribution Channel
6.3.3.4.2 South Korea Ready Meals Market by Type
6.3.3.5 Singapore Ready Meals Market
6.3.3.5.1 Singapore Ready Meals Market by Distribution Channel
6.3.3.5.2 Singapore Ready Meals Market by Type
6.3.3.6 Malaysia Ready Meals Market
6.3.3.6.1 Malaysia Ready Meals Market by Distribution Channel
6.3.3.6.2 Malaysia Ready Meals Market by Type
6.3.3.7 Rest of Asia Pacific Ready Meals Market
6.3.3.7.1 Rest of Asia Pacific Ready Meals Market by Distribution Channel
6.3.3.7.2 Rest of Asia Pacific Ready Meals Market by Type
6.4 LAMEA Ready Meals Market
6.4.1 LAMEA Ready Meals Market by Distribution Channel
6.4.1.1 LAMEA Supermarkets/ Hypermarkets Market by Country
6.4.1.2 LAMEA Convenience Stores Market by Country
6.4.1.3 LAMEA Online Stores Market by Country
6.4.2 LAMEA Ready Meals Market by Type
6.4.2.1 LAMEA Frozen Pizza Market by Country
6.4.2.2 LAMEA Canned/Preserved Ready Meals Market by Country
6.4.2.3 LAMEA Frozen Ready Meals Market by Country
6.4.2.4 LAMEA Prepared Salads Market by Country
6.4.2.5 LAMEA Chilled Ready Meals Market by Country
6.4.2.6 LAMEA Dried Ready Meals Market by Country
6.4.2.7 LAMEA Chilled Pizza Market by Country
6.4.3 LAMEA Ready Meals Market by Country
6.4.3.1 Brazil Ready Meals Market
6.4.3.1.1 Brazil Ready Meals Market by Distribution Channel
6.4.3.1.2 Brazil Ready Meals Market by Type
6.4.3.2 Argentina Ready Meals Market
6.4.3.2.1 Argentina Ready Meals Market by Distribution Channel
6.4.3.2.2 Argentina Ready Meals Market by Type
6.4.3.3 UAE Ready Meals Market
6.4.3.3.1 UAE Ready Meals Market by Distribution Channel
6.4.3.3.2 UAE Ready Meals Market by Type
6.4.3.4 Saudi Arabia Ready Meals Market
6.4.3.4.1 Saudi Arabia Ready Meals Market by Distribution Channel
6.4.3.4.2 Saudi Arabia Ready Meals Market by Type
6.4.3.5 South Africa Ready Meals Market
6.4.3.5.1 South Africa Ready Meals Market by Distribution Channel
6.4.3.5.2 South Africa Ready Meals Market by Type
6.4.3.6 Nigeria Ready Meals Market
6.4.3.6.1 Nigeria Ready Meals Market by Distribution Channel
6.4.3.6.2 Nigeria Ready Meals Market by Type
6.4.3.7 Rest of LAMEA Ready Meals Market
6.4.3.7.1 Rest of LAMEA Ready Meals Market by Distribution Channel
6.4.3.7.2 Rest of LAMEA Ready Meals Market by Type
Chapter 7. Company Profiles
7.1 Conagra Brands, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 The Kraft Heinz Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.6 SWOT Analysis
7.3 Nestle S.A
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Unilever PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Kerry Group PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Premier Foods PLC (Premier Foods Group Services Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Bakkavor Group PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 General Mills, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 SWOT Analysis
7.9 Kellogg Company
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 SWOT Analysis
7.10. Fleury Michon
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
Chapter 8. Winning Imperatives of Ready Meals Market

Companies Mentioned

  • Bakkavor Group PLC
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • The Kraft Heinz Company
  • Nestle S.A
  • Fleury Michon
  • Unilever PLC
  • Kerry Group PLC
  • Premier Foods PLC (Premier Foods Group Services Ltd.)
  • Kellogg Company

Methodology

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