Global Ready to Eat Meals Market is expected to grow at a CAGR over 10.98% during 2022 - 2030

January 10, Market Research Future research report on the Global Ready to Eat Meals Market
Market Overview

Ready to eat meals are animal or plant derived food that can be cooked, frozen, processed to be consumed directly or after heating. Different food safety organizations in different regions has specified particular guidelines related to processing, washing, drying, cooling, freezing, and packaging which playing huge role in ready to eat meals market. Innovation in packaging technology and development in distribution channels will likely to boost the market growth during forecast period.

Market Forecast

Global ready to eat meals market is mainly driven by increase in working women population and popularity of ready to eat meals in all consumer groups due to busy life style. Rise in disposable income and consumer preferences for healthy convenient food is driving the sales of ready to eat meals products. Introduction of new flavors and innovative packaging is also supporting market growth and expanding retail formats are also supporting the market growth.

These factors will play a key role to grow ready to eat meals market at CAGR of 6% during forecast period.

Downstream market analysis-

Consumers are preferring more ready to eat meals which contents meat, fish and poultry products. Popularity of frozen foods and bakery products is also inducing the growth trends in the market. Ready to eat meals market is hugely influenced by food safety organizations which strictly monitor ingredients, manufacturing process and packaging of RTE meals which is changing the dynamics of the market. Ready to eat meals are mainly bought from supermarket and convenience store. Busy lifestyle of people is supporting the increasing sales of RTE products through online store which will change the future of overall distribution network of RTE meals.

Competitive analysis-

The major key players in ready to eat meals market are General Mills (U.S.), Bakkavor Group Ltd (U.K.), Nomad Foods Ltd (British Virgin Islands), McCain Foods (Canada), Premier Foods Group Ltd  (U.K.), Orkla ASA (Norway), ConAgra Foods Inc. (U.S.) and ITC Limited (India)

The demand for ready to eat meals has pushed manufacturers to innovate and develop new RTE products which are better in taste and offers various health benefits.

Regional Analysis

The global Ready to eat meals market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by Asia Pacific and Europe. Growing population and rise in disposable income in Asia Pacific region is driving the demand for ready to eat meals in that particular region.

Market Segmentation:

Global ready to eat meals market is segmented by product type, cuisine, specialty type, form, packaging, and region.

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