The global prepared meals sector was valued at $133 billion in 2023 and is forecast to record a compound annual growth rate (CAGR) of 6.4% during 2023-28, and reach $181.6 billion in 2028. The Americas represented the largest region in the sector in 2023, with a value share of 44%, followed by Western Europe with 27%. In 2023, ready meals was the largest category, accounting for 71.9% of overall global value sales, distantly followed by pizza and meal kits at 24.8% and 3.3%, respectively. The top five companies in the global prepared meals sector together accounted for a combined value share of 28.4% in 2023. The sector was led by Nestlé, which held a value share of 13.6%, followed by Conagra Brands with 5.7% and Nissin Foods Holdings with 4.2%. Hypermarkets & supermarkets was the leading distribution channel in the global prepared meals sector in 2023, with a value share of 67.5%, followed by convenience stores with 19.9%.
This report brings together multiple data sources to provide a comprehensive overview of the global prepared meals sector, analyzing data from 106 countries. It includes analysis on the following :
- Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
- Change in consumption: Provides an overview of consumption changes in the prepared meals sector over 2018-28 at global and regional levels.
- High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
Scope
- Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
Reasons to Buy
- Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the prepared meals sector.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Table of Contents
- Executive Summary
- Sector Overview
- Global Overview
- Americas Overview
- Asia-Pacific Overview
- Eastern Europe Overview
- MEA Overview
- Western Europe Overview
- Prepared meals: Global Challenges
- Shift in Food Value Share Patterns
- Change in Value Share in the Overall Food Industry, 2023-28
- Reasons for Shift in Value Share
- Change in Consumption Levels: Americas, 2018-28
- Change in Consumption Levels: Asia-Pacific, 2018-28
- Change in Consumption Levels: Eastern Europe, 2018-28
- Change in Consumption Levels: MEA, 2018-28
- Change in Consumption Levels: Western Europe, 2018-28
- Identifying High-Potential Countries by Region
- Identifying High-Potential Countries by Region
- Methodology - Identifying High-Potential Countries
- Country Deep Dive
- High-Potential Country Analysis
- Future Outlook
- Health & Wellness Analysis
- Health & Wellness Analysis - Global & Regional
- Competitive Environment
- Leading Companies by Value - Global
- Leading Companies and Brands Share Analysis - Global
- Leading Companies and Brands Share Analysis by Region
- Competitive Landscape - Market Analysis
- Key Brands - Ready Meals
- Key Brands - Pizza
- Key Brands - Meal Kits
- Market Share of Private Labels
- Private Labels’ Share Analysis by Region
- Private Labels’ Share Analysis by Category
- Key Distribution Channels
- Share of Key Distribution Channels - Global and Regional Level
- Key Packaging Formats
- Growth Analysis by Key Pack Material and Pack Type
- Growth Analysis by Closure Type and Primary Outer Type
- Select Industry Metrics
- Global Patent Filings
- Global Job Analytics
- Global Deals
- Appendix
- Definitions
- About the Analyst
- Key categories by value and volume, 2023-28 - Global
- Key categories by value and volume, 2023-28 - Asia-Pacific
- Key categories by value and volume, 2023-28 - MEA
- Key categories by value and volume, 2023-28 - Americas
- Key categories by value and volume, 2023-28 - Western Europe
- Key categories by value and volume, 2023-28 - Eastern Europe
- Brazil: Category share
- Canada: Category share
- United States of America: Category share
- Australia: Category share
- Japan: Category share
- Czech Republic: Category share
- Romania: Category share
- South Africa: Category share
- United Kingdom: Category share
- Sweden: Category share
- Leading companies in global prepared meals sector (% share by value), 2023
- Key pack material volume share (%), 2023
- Annual volume growth by pack material (%), 2018-28
- Key pack type volume share (%), 2023
- Annual volume growth by pack type (%), 2018-28
- Key closure type volume share (%), 2023
- Annual volume growth by closure type (%), 2018-28
- Key primary outer type volume share (%), 2023
- Annual volume growth by primary outer type (%), 2018-28
- Change in consumption levels in overall prepared meals sector, 2018-28
- Change in consumption levels in overall prepared meals sector - Asia-Pacific, 2018-28
- Change in consumption levels in overall prepared meals sector - MEA, 2018-28
- Change in consumption levels in overall prepared meals sector - Americas, 2018-28
- Change in consumption levels in overall prepared meals sector - Western Europe, 2018-28
- Change in consumption levels in overall prepared meals sector - Eastern Europe, 2018-28
- Identifying high-potential countries, risk-reward analysis - Asia-Pacific
- Identifying high-potential countries, risk-reward analysis - MEA
- Identifying high-potential countries, risk-reward analysis - Americas
- Identifying high-potential countries, risk-reward analysis - Western Europe
- Identifying high-potential countries, risk-reward analysis - Eastern Europe
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - Global
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - Asia-Pacific
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - MEA
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - Americas
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - Western Europe
- Top five companies’ shares by brand (in value terms) in the prepared meals sector, 2023 - Eastern Europe
- Key brands - ready meals, 2023
- Key brands - pizza, 2023
- Key brands - meal kits, 2023
- Private label value and share by region, 2018-23
- Private label value and share by category, 2023
- Leading distribution channels by region (% share by value), 2023
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nestlé
- Conagra Brands
- Nissin Foods Holdings
- Dr. August Oetker Nahrungsmittel
- General Mills
