Ready-to-Eat Meals Market Research Report - Forecast till 2027

Ready-to-Eat Meals Market Global Research Report by Type (Rice & Noodles, Salads, Gravies & Curries, Pasta & Pizzas, Soups and others), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and RoW)– Forecast till 2027

ID: MRFR/F-B & N/1447-HCR | February 2021 | Region: Global | 110 pages

Ready-to-Eat Meals Market Overview


Ready-to-Eat Meals Market is expected to reach around USD 150 billion during the forecasted period.  The chief factors that could contribute to the solid performance of the dynamic market include the launch of organic ready meals, the introduction of new varieties of convenience food, technological advancements, and establishment of a robust distribution network at the global level.


Ready-to-eat meals can be defined as the food items that are precleaned, precooked, and mostly packed and ready for consumption without prior cooking or preparation. The ready-to-eat meals market has been performing exceptionally well during the pandemic. Young consumers have been spending their income on convenience ready-to-eat products as it suits their hectic lifestyle. However, the market has also been facing several obstacles as it has an association with obesity. According to the World Health Organization (WHO), in 2016, over 1.9 billion adults over 18 years were overweight.


A diverse range of factors exists in the global ready-to-eat meals market that could influence its growth potential in the future. The key market variables that have been evaluated in the market report include opportunities, restraints, challenges, and threats. A holistic global market analysis has been carried out to explore the promising market thoroughly.


Covid 19 Analysis


The Covid 19 pandemic has had a major impact on the global ready-to-eat meals market domain. The market is one of the very few industries that has been positively impacted by the virus outbreak. Due to the high level of uncertainty, people started stocking convenience food items which led to a surge in demand at the global level. During the forecasted period, the global market is expected to showcase solid performance. 


Chief variables existing in the market


Key Market Drivers


A broad range of variables exists in the global market setting that positively influence its performance. Some of the major market drivers include the rising trend relating to the consumption of convenience food and the increased in the per capita disposable income of consumers. During the forecasted period, these factors could act as catalysts and contribute to the expanded ready-to-eat meals market size.


Market Challenges


Irrespective of the fact that the global ready-to-eat meals market is highly attractive in nature, there exist several challenges that diminish its attractiveness. One of the major challenges is the health complexity associated with the high consumption of ready-to-eat food. It could adversely impact the global market revenue during the forecasted period. Another major challenge is related to the high level of unpredictability of customer tastes and preferences. During the forecasted period, these elements could play a cardinal role to restrict the market share of the key business players.


Opportunities in the global market


Several opportunities exist in the global ready-to-eat meals market setting that could be capitalized on by the major players during the forecasted period. For instance, there is the opportunity to integrate new kinds of digital technologies so that the production process of ready-to-eat food can be automated. There is also the opportunity for businesses to introduce new kinds of flavors and varieties so that they can expand their product line and cater to the needs of a diverse group of audiences. According to the in-depth market forecast, businesses would have to rely on their strategies in order to exploit the opportunities that exist n the global market landscape.


Restraints


A number of restraining factors exist in the global ready-to-eat meals market that could hamper its growth potential during the forecasted period. A major restraint is the introduction of stringent regulations and guidelines in the industry. Businesses need to lay emphasis on the regulatory requirements while operating in the market setting so that they can sustainably and responsibly operate in the market. Another major restraint that exists in the market setting is the rapid evolution of technology. Due to the dynamic nature of the technological landscape, organizations get limited scope to adapt to the business setting and integrate new kinds of technological elements in their business processes. These market restraints could play a key role in the market during the forecasted period and impact its growth potential.


Cumulative Evaluation of the market


The ready-to-eat meals market outlook report gives a detailed insight into the attractiveness of the market and its growth potential in the future. Several macros, as well as micro factors, have been taken into consideration to evaluate the market at the global level. Some of the chief opportunities that could positively influence its growth in the future include the adoption of technologically advanced elements and the existence of a solid distribution channel. However, several variables could also have a negative impact on the performance of the industry at the global level. The fluctuating nature of the tastes and preferences of customers is expected to increase the level of uncertainty in the global ready-to-eat meals industry setting. The chief global market trends that have been identified in the report are expected to play an influential role in molding its performance and profitability. 


Overview of the main market segments


By Type


On the basis of type, the global ready-to-eat meals market can be further classified into rice and noodles, salads, gravies and curries, pasta and pizzas, soups, and others. The demand for varying ready-to-eat meals is expected to vary at the global level. The rice and noodles segment is expected to dominate the market owing to factors such as the rise in the variety of products and the awareness of organic ready-to-eat launches.


By Distribution Channel


Based on the distribution channel, the global ready-to-eat meals market can be further segmented into store-based and non-store-based channels. The store-based segment can be further divided into supermarkets and hypermarkets, convenience stores, and others. During the forecasted period, the store-based segment is expected to dominate the market setting and drive the ready-to-eat meals industry growth. The increase in demand for convenience food is expected to serve as the catalyst and influence the global market size.


Regional Analysis


The global ready-to-eat meals market can be divided into several geographical regions like North America, Europe, the Asia Pacific, and the rest of the world. During the forecasted period, each region is expected to play an influential role in influencing the global market size. The European segment is expected to dominate the global market during the forecasted period. Several factors could contribute to its commendable performance, such as the rising trend revolving around convenience food items and the availability of a diverse range of ready-to-eat meals. The existence of prominent business players in the specific geographical region could also contribute to its strong performance in the future.


Competitive Analysis


The competitive intensity in the global ready-to-eat meals market is high due to the rising demand for the market offerings. In order to capitalize on the market opportunities, several business entities have entered the business landscape and increased the competition level. Most of the businesses have been competing with one another to expand their portion of the global market share. Some of the key players that are contributing to the rise in the market revenue are listed below:



  • General Mills. Inc.

  • Premier Foods Plc

  • Unilever

  • Kerry Group

  • Conagra Foods Inc.

  • Associated British Foods Plc

  • Tyson Foods, Inc

  • Greencore Group Plc

  • Grupo Bimbo


Recent Market Developments



  • Several business players have been integrating innovative technological solutions to upgrade their food processing functions and improve their preservation techniques.

  • Unilever, a prominent player in the global market, has showcased solid financial performance in the second quarter of Financial Year 2021 by beating the forecasted sales estimate that was set at 4.8%.


Report Overview


A detailed ready-to-eat meals market analysis has been carried out in the report to capture its attractiveness and growth potential in the future. A diverse range of strategic and analytical tools have been used to investigate the key variables that exist in the market. The PESTLE analysis has uncovered the chief variables that exist in the political, economic, social, technological, legal, and environmental settings of the market. The SWOT analysis has helped to uncover macro and micro factors such as strengths, weaknesses, opportunities, and threats. The competitive landscape has been evaluated with the help of Porter’s Five Force model. These tools have helped to identify and examine the key ready-to-eat meals industry trends that have the potential to influence the industry performance during the forecasted period.


Key Industrial segments


By Type



  • Rice and Noodles

  • Salads

  • Gravies and Curries

  • Pasta and Pizzas

  • Soups

  • Others


By Distribution Channel



  • Store-based

  • Non-store-based



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :


Ready-to-eat meals market valuation would be USD 150 billion.

Ready-to-eat meals market CAGR would be 10.5% during the forecast period.

Europe would dominate ready-to-eat meals market.

North America would be the fastest-growing ready-to-eat meals market.

The types in ready-to-eat meals market report are salads, gravies & curries, rice & noodles, soups, pasta & pizzas, and others.

TABLE OF CONTENTS

1. 1 EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Ready to Eat Meals Market, by Type

1.1.2. Global Ready to Eat Meals Market, by Distribution Channel

1.1.3. Global Ready to Eat Meals Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis

5.2. Supply Chain Analysis

5.3. Porter’s Five Forces Model

5.3.1. Bargaining Power of Suppliers

5.3.2. Bargaining Power of Buyers

5.3.3. Threat of New Entrants

5.3.4. Threat of Substitutes

5.3.5. Intensity of Rivalry

6. GLOBAL READY TO EAT MEALS MARKET, BY TYPE

6.1. Introduction

6.2. Rice & Noodles

6.2.1. Rice & Noodles: Market Estimates & Forecast by Region/Country, 2020–2027

6.3. Salads

6.3.1. Salads: Market Estimates & Forecast by Region/Country, 2020–2027

6.4. Gravies & Curries

6.4.1. Gravies & Curries: Market Estimates & Forecast by Region/Country, 2020–2027

6.5. Pasta & Pizzas

6.5.1. Pasta & Pizzas: Market Estimates & Forecast by Region/Country, 2020–2027

6.6. Soups

6.6.1. Soups: Market Estimates & Forecast by Region/Country, 2020–2027

6.7. Others

6.7.1. Others: Market Estimates & Forecast by Region/Country, 2020–2027

7. GLOBAL READY TO EAT MEALS MARKET, BY DISTRIBUTION CHANNEL

7.1. Introduction

7.2. Store-Based

7.2.1. Store-Based: Market Estimates & Forecast by Region/Country, 2020–2027

7.2.2. Supermarkets & Hypermarkets

7.2.2.1. Supermarkets & Hypermarkets: Market Estimates & Forecast by Region/Country, 2020–2027

7.2.3. Convenience Stores

7.2.3.1. Convenience Stores: Market Estimates & Forecast by Region/Country, 2020–2027

7.2.4. Others

7.2.4.1. Others: Market Estimates & Forecast by Region/Country, 2020–2027

7.3. Non-Store-Based

7.3.1. Non-Store-Based: Market Estimates & Forecast by Region/Country, 2020–2027

8. GLOBAL READY TO EAT MEALS MARKET, BY REGION

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast by Type, 2020–2027

8.2.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.2.3. Market Estimates & Forecast by Country, 2020–2027

8.2.4. US

8.2.4.1. Market Estimates & Forecast by Type, 2020–2027

8.2.4.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast by Type, 2020–2027

8.2.5.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast by Type, 2020–2027

8.2.6.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3. Europe

8.3.1. Market Estimates & Forecast by Type, 2020–2027

8.3.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.3. Market Estimates & Forecast by Country, 2020–2027

8.3.4. Germany

8.3.4.1. Market Estimates & Forecast by Type, 2020–2027

8.3.4.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.5. UK

8.3.5.1. Market Estimates & Forecast by Type, 2020–2027

8.3.5.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.6. France

8.3.6.1. Market Estimates & Forecast by Type, 2020–2027

8.3.6.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.7. Spain

8.3.7.1. Market Estimates & Forecast by Type, 2020–2027

8.3.7.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast by Type, 2020–2027

8.3.8.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast by Type, 2020–2027

8.3.9.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast by Type, 2020–2027

8.4.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4.3. Market Estimates & Forecast by Country, 2020–2027

8.4.4. China

8.4.4.1. Market Estimates & Forecast by Type, 2020–2027

8.4.4.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast by Type, 2020–2027

8.4.5.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4.6. India

8.4.6.1. Market Estimates & Forecast by Type, 2020–2027

8.4.6.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4.7. Australia & New Zealand

8.4.7.1. Market Estimates & Forecast by Type, 2020–2027

8.4.7.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market Estimates & Forecast by Type, 2020–2027

8.4.8.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.5. Rest of the World

8.5.1. Market Estimates & Forecast by Type, 2020–2027

8.5.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.5.3. Market Estimates & Forecast by Region, 2020–2027

8.5.4. South America

8.5.4.1. Market Estimates & Forecast by Type, 2020–2027

8.5.4.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.5.5. Middle East

8.5.5.1. Market Estimates & Forecast by Type, 2020–2027

8.5.5.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

8.5.6. Africa

8.5.6.1. Market Estimates & Forecast by Type, 2020–2027

8.5.6.2. Market Estimates & Forecast by Distribution Channel, 2020–2027

9. COMPETITIVE LANDSCAPE

9.1. Introduction

9.2. Competitive Benchmarking

9.3. Development Share Analysis

9.4. Key Developments & Growth Strategies

10. COMPANY PROFILES

10.1. Conagra Foods Inc.

10.1.1. Company Overview

10.1.2. Financial Overview

10.1.3. Products Offered

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. General Mills. Inc.

10.2.1. Company Overview

10.2.2. Financial Overview

10.2.3. Products Offered

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Associated British Foods PLC

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Products Offered

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. McCain Foods Limited

10.4.1. Company Overview

10.4.2. Financial Overview

10.4.3. Products Offered

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Bakkavor Group plc

10.5.1. Company Overview

10.5.2. Financial Overview

10.5.3. Products Offered

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Premier Foods Plc

10.6.1. Company Overview

10.6.2. Financial Overview

10.6.3. Products Offered

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Tyson Foods, Inc

10.7.1. Company Overview

10.7.2. Financial Overview

10.7.3. Products Offered

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Greencore Group plc

10.8.1. Company Overview

10.8.2. Financial Overview

10.8.3. Products Offered

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Unilever

10.9.1. Company Overview

10.9.2. Financial Overview

10.9.3. Products Offered

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Kerry Group

10.10.1. Company Overview

10.10.2. Financial Overview

10.10.3. Products Offered

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Grupo Bimbo, S.A.B. de C.V.

10.11.1. Company Overview

10.11.2. Financial Overview

10.11.3. Products Offered

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

11. APPENDIX

11.1. General Sources & References

11.2. List of Abbreviation


LIST OF TABLES

Table 1 Global Ready to Eat Meals Market, by Region, 2020–2027 (USD Million)

Table 2 Global Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 3 Global Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 4 North America: Ready to Eat Meals Market, by Country, 2020–2027 (USD Million)

Table 5 North America: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 6 North America: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 7 US: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 8 US: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 9 Canada: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 10 Canada: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 11 Mexico: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 12 Mexico: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 13 Europe: Ready to Eat Meals Market, by Country, 2020–2027 (USD Million)

Table 14 Europe: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 15 Europe: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 16 Germany: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 17 Germany: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 18 France: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 19 France: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 20 Italy: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 21 Italy: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 22 Spain: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 23 Spain: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 24 UK: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 25 UK: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 26 Rest of Europe: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 27 Rest of Europe: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 28 Asia-Pacific: Ready to Eat Meals Market, by Country, 2020–2027 (USD Million)

Table 29 Asia-Pacific: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 30 Asia-Pacific: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 31 China: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 32 China: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 33 India: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 34 India: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 35 Japan: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 36 Japan: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 37 Australia & New Zealand: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 38 Australia & New Zealand: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 39 Rest of Asia-Pacific: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 40 Rest of Asia-Pacific: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 41 Rest of the World (RoW): Ready to Eat Meals Market, by Country, 2020–2027 (USD Million)

Table 42 Rest of the World (RoW): Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 43 Rest of the World (RoW): Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 44 South America: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 45 South America: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 46 Middle East: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 47 Middle East: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)

Table 48 Africa: Ready to Eat Meals Market, by Type, 2020–2027 (USD Million)

Table 49 Africa: Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (USD Million)


LIST OF FIGURES

FIGURE 1 Global Ready to Eat Meals Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Ready to Eat Meals Market

FIGURE 4 Value Chain of Global Ready to Eat Meals Market

FIGURE 5 Share of Global Ready to Eat Meals Market in 2020, by Country (%)

FIGURE 6 Global Ready to Eat Meals Market, by Region, 2020–2027,

FIGURE 7 Global Ready to Eat Meals Market Size, by Type, 2020

FIGURE 8 Share of Global Ready to Eat Meals Market, by Type, 2020–2027 (%)

FIGURE 9 Global Ready to Eat Meals Market Size, by Distribution Channel, 2020

FIGURE 10 Share of Global Ready to Eat Meals Market, by Distribution Channel, 2020–2027 (%)