Dinner Ready-to-Eat Food Market Overview
The Dinner Ready-to-Eat Food Market Size was estimated at 111.43 (USD Billion) in 2022. The Dinner Ready-to-Eat Food Market Industry is expected to grow from 115.98(USD Billion) in 2023 to 166.4 (USD Billion) by 2032. The Dinner Ready-to-Eat Food Market CAGR (growth rate) is expected to be around 4.09% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Dinner Ready-to-Eat Food Market Trends Highlighted
The Dinner Ready-to-Eat Food Market is the result of the changing lifestyles where there is an increasing need for comfort and meals that can easily be prepared in less time, especially by the working class and city dwellers. The increasing rate of small households, as well as small family sizes, has also encouraged the acceptance of RTE meals since such meals, which are pre-packed, offer proper servings and are very easy to use.
The increasing awareness of health has changed people's meals, which are now switching from junk to RTE meals which have healthy elements and are quite nutritious. Development in the technologies, including retort packaging and microwaveable containers, has improved the quality and the shelf life of RTE meals, which in turn increases the consumption of the meals.
Some of the main reasons contributing to the market growth include growing disposable incomes, growing urban centers, and rising acceptance of online grocery shopping. Nutritional market expansion is achievable through broadening product offerings with unique tastes, and widening the audience through sales of e-commerce-based activities. The recent trend is the application of technology in RTE meals with QR codes that are used to link to recipes and nutrients and the rise in plant-based RTE.
Dinner Ready-to-Eat Food Market Drivers
Rising Demand for Convenience and Time-Saving Options
The fast-paced lifestyles of consumers in both developed and emerging economies have led to a growing demand for convenience and time-saving food options. Dinner ready-to-eat (RTE) foods offer a solution to this need, as they can be prepared and consumed quickly and easily. This has made RTE foods a popular choice for busy individuals and families who are short on time. The increasing number of working women and dual-income households has also contributed to the demand for RTE foods.With less time available for meal preparation, consumers are turning to RTE foods as a convenient and affordable way to feed their families. Furthermore, the growing popularity of online grocery shopping and food delivery services has made RTE foods even more accessible to consumers. This has allowed consumers to order RTE foods from the comfort of their own homes, saving them time and effort.
Growing Health and Wellness Concerns
Consumers are becoming increasingly health-conscious and are looking for food options that are both convenient and nutritious. Dinner RTE foods can meet this need, as they are often made with whole grains, lean proteins, and fresh vegetables. Many RTE foods are also fortified with essential vitamins and minerals, making them a healthy choice for consumers who are looking to improve their overall health and well-being. The growing popularity of plant-based diets has also led to an increased demand for RTE foods that are vegan or vegetarian.RTE foods can provide these consumers with a convenient and healthy way to enjoy their favorite meals.
Expansion of Retail and Distribution Channels
The growing demand for RTE foods has led to an expansion of retail and distribution channels. RTE foods are now available in a wide variety of stores, including supermarkets, grocery stores, convenience stores, and online retailers. This has made RTE foods more accessible to consumers, who can now find them in a convenient location near their homes or workplaces. The expansion of distribution channels has also helped to reduce the cost of RTE foods, making them more affordable for consumers.This has further increased the demand for RTE foods, as consumers are now able to enjoy their favorite meals at a lower price.
Dinner Ready-to-Eat Food Market Segment Insights
Dinner Ready-to-Eat Food Market Type Insights
The Dinner Ready-to-Eat Food Market is segmented by Type into Frozen Food, Chilled Food, and Shelf-Stable Food. Among these, the Frozen Food segment is expected to hold the largest market share in 2023, accounting for over 40% of the market revenue. The growth of this segment can be attributed to the increasing demand for convenient and time-saving food options. Frozen food offers a longer shelf life and can be easily stored and reheated, making it a popular choice for busy consumers. The Chilled Food segment is also expected to witness significant growth over the forecast period.This segment includes products such as ready-to-eat salads, sandwiches, and wraps. The growing popularity of healthy and fresh food options is driving the growth of this segment. Chilled food offers a healthier alternative to frozen food, as it contains fewer preservatives and additives. The Shelf-Stable Food segment is expected to experience moderate growth during the forecast period. This segment includes products such as canned soup, pasta, and rice dishes. Shelf-stable food has a long shelf life and can be stored at room temperature, making it a convenient option for consumers.However, the increasing demand for fresh and healthy food options is expected to limit the growth of this segment. Overall, the Dinner Ready-to-Eat Food Market is expected to witness steady growth over the forecast period, driven by the increasing demand for convenient and time-saving food options. The growth of the Frozen Food and Chilled Food segments is expected to be particularly strong as consumers become more health-conscious and time-pressed.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dinner Ready-to-Eat Food Market Packaging Insights
The packaging segment plays a crucial role in the Dinner Ready-to-Eat Food Market, influencing consumer preferences and overall market growth. Among the various packaging formats available, trays, cups, blister packs, and stand-up pouches hold significant market shares. Trays offer convenience and ease of handling, making them popular for larger portion sizes. Cups are preferred for single-serve options, providing portability and accessibility. Blister packs ensure product freshness and protection, while stand-up pouches offer a flexible and space-efficient packaging solution.This growth is attributed to the increasing demand for convenient and shelf-stable food options, particularly in emerging economies.
Dinner Ready-to-Eat Food Market Category Insights
The category segment is a crucial aspect of the Dinner Ready-to-Eat Food Market segmentation. It divides the market into various sub-categories based on the type of food products offered. Some of the key categories in this market include Entrees, Sides, Desserts, Soups, and Stews. Entrees hold the largest market share due to their convenience and variety. Consumers seek quick and easy meal options, making entrees a popular choice. The Dinner Ready-to-Eat Food Market revenue for Entrees is projected to reach USD 45.2 billion by 2024.Sides complement entrees and enhance the dining experience. They offer additional flavors and textures, contributing to the overall satisfaction of the meal. The Sides category is expected to grow significantly, with a projected market size of USD 22.5 billion by 2024. Desserts are an integral part of many dining occasions, providing a sweet conclusion to the meal. The Desserts category is anticipated to reach a market value of USD 18.3 billion by 2024, driven by consumers' desire for indulgence and convenience. Soups and Stews offer a comforting and nutritious option, especially during colder months.The Soups and Stews category is estimated to grow steadily, reaching a projected market size of USD 14.7 billion by 2024.
Dinner Ready-to-Eat Food Market Target Consumer Insights
The Dinner Ready-to-Eat Food Market is segmented by Target Consumers into Busy Professionals, Families with Young Children, Seniors, and Convenience-Oriented Consumers. Among these segments, Busy Professionals and Families with Young Children are expected to drive the market growth. Busy Professionals have limited time for cooking and prefer convenient and time-saving meal options. Families with Young Children also seek convenient and nutritious meal solutions that cater to the specific needs of their children. The growing number of working women, increasing urbanization, and rising disposable income are key factors contributing to the growth of these segments.Additionally, the increasing popularity of online grocery shopping and meal delivery services is further fueling the demand for Dinner Ready To Eat Food among these target consumers.
Dinner Ready-to-Eat Food Market Regional Insights
The Dinner Ready-to-Eat Food Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023, owing to the presence of a large number of key players and high consumer demand for convenience foods. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness the fastest growth rate during the forecast period due to the increasing disposable income and changing lifestyles of consumers in countries such as China and India.South America and MEA are expected to account for a smaller share of the market but are expected to grow at a steady pace during the forecast period. The growth in these regions is attributed to the increasing urbanization and rising demand for convenience foods.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dinner Ready-to-Eat Food Market Key Players And Competitive Insights
Top players in the Dinner Ready-to-Eat Food Market are coming up with a number of strategies to gain a competitive edge in the market. Some of these strategies include product innovation, entering new markets, and acquisitions. For instance, in 2023, Nestle SA acquired Freshly. Freshly is a leading provider of chef-cooked, healthy, and convenient meal delivery services. The acquisition is anticipated to enhance Nestle's position in the Dinner Ready-to-Eat Food Market. Moreover, it is likely to help Nestle to diversify its product range.
Another top player in the Dinner Ready-to-Eat Food Market is Campbell Soup Company. Campbell Soup Company is a major player in the Dinner Ready To Eat Market. A wide range of Campbell Soup Company products are ready-to-eat. The company sells a wide range of products, including soups, pasta dishes, and entrees. In addition, the company’s products are sold through various channels, such as supermarkets, grocery outlets, and convenience stores. Campbell Soup Company has a strong presence in the market and a large customer base. In addition, the company focuses on innovation to serve the changing needs of the customers. For instance, the company is creating products that are healthy and convenient. Kraft Heinz is another top player in the Dinner Ready To Eat Markets. The company supplies a wide range of ready-to-eat meals, including snacks, pasta dishes, and frozen meals. Furthermore, the company's products are available through various sales channels, such as supermarkets and grocery outlets, among others. The company also focuses on innovation to serve the changing customer preferences.
Key Companies in the Dinner Ready-to-Eat Food Market Include
- PepsiCo, Inc.
- Campbell Soup Company
- Kellogg Company
- Nestlé
- Unilever
- Associated British Foods plc
- General Mills
- Mondelēz International
- The CocaCola Company
- Ferrero Group
- The Kraft Heinz Company
- Danone S.A.
- Mars, Incorporated
- McCormick Company, Incorporated
Dinner Ready-to-Eat Food Market Industry Developments
The Dinner Ready-to-Eat Food Market is projected to reach USD 166.4 billion by 2032, exhibiting a CAGR of 4.09% during the forecast period. Rising demand for convenience foods due to hectic lifestyles and increasing urbanization is driving market growth. Advancements in packaging technologies and product innovation are further fueling demand. Key players are focusing on expanding their product portfolio and geographic reach to cater to the growing consumer base. Recent developments include the launch of plant-based and organic ready-to-eat meals, as well as the integration of smart packaging solutions to enhance product freshness and traceability.
Dinner Ready-to-Eat Food Market Segmentation Insights
Dinner Ready-to-Eat Food Market Type Outlook
- Frozen Food
- Chilled Food
- Shelf-Stable Food
Dinner Ready-to-Eat Food Market Packaging Outlook
- Trays
- Cups
- Blister Packs
- Stand-Up Pouches
Dinner Ready-to-Eat Food Market Category Outlook
- Entrees
- Sides
- Desserts
- Soups and Stews
Dinner Ready-to-Eat Food Market Target Consumer Outlook
- Busy Professionals
- Families with Young Children
- Seniors
- Convenience-Oriented Consumers
Dinner Ready-to-Eat Food Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
111.43(USD Billion) |
| Market Size 2023 |
115.98(USD Billion) |
| Market Size 2032 |
166.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.09% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
PepsiCo, Inc., Campbell Soup Company, Kellogg Company, Nestlé, Unilever, Associated British Foods plc, General Mills, Mondelēz International, The CocaCola Company, Ferrero Group, The Kraft Heinz Company, Danone S.A., Mars, Incorporated, McCormick Company, Incorporated |
| Segments Covered |
Type, Packaging, Category, Target Consumer, Regional |
| Key Market Opportunities |
1 Growing Demand for Convenience 2023 market Value 11784 Billion expected to reach 25765 Billion by 20322 Increasing Health Consciousness Market to grow at CAGR of 91 from 2023 to 20323 Rising Disposable Incomes Growing Number of Working Women4 Increasing Popularity of Online Food Delivery Expected to reach 1823 billion by 2024 end5 Expanding Distribution Channels Large Supermarkets and Hypermarkets are expected to dominate |
| Key Market Dynamics |
Rising health awareness Convenience and time constraints Growing disposable income |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Dinner Ready-to-Eat Food Market is estimated to be around USD 115.98 billion in 2023.
The market is projected to register a CAGR of 4.09% from 2024 to 2032.
Key factors driving the growth of the market include rising disposable income, increasing urbanization, and growing demand for convenience foods.
North America is expected to hold the largest market share, followed by Europe and Asia-Pacific.
Major applications include camping, hiking, military rations, and emergency preparedness.
Key competitors include General Mills, Kellogg Company, and Campbell Soup Company.
The market is expected to reach a valuation of USD 166.4 billion by 2032.
Challenges include competition from fresh and frozen meals and concerns about the nutritional value of RTE foods.
Opportunities include the expansion of e-commerce, the growing popularity of plant-based RTE foods, and the development of new packaging technologies.
Companies can capitalize on the growth potential by investing in innovation, expanding their product offerings, and targeting new customer segments.
