Ready Meals Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026


NEW YORK, November 18, 2022 /PRNewswire/ —

Ready Meals Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

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The global ready meals sector was valued at $107.2 billion in 2021 and is expected to generate a CAGR of 6.0% over the period 2021-26 to reach $143.8 billion by 2026. The Asia Pacific represented the largest region for the global ready meals industry in 2021, with a value share of 33.5%, followed by Western Europe and the Americas, which accounted for shares of 31% and 27.8%, respectively. The Middle East & Africa is expected to register the highest CAGR between 2021 and 2026 at 33.4%. In 2021, the convenience food category held the highest value and volume shares at 73.8% and 76.7%, respectively. Meal kits are expected to be the fastest growing category over the period 2021-2026, with a projected value CAGR of 14.5%. In the global ready meals market, the top five companies accounted for a combined value share of 23% in 2021. Nestlé was the leading company, with an 8.9% value share, followed by Nissin Food Products Co., Ltd. . (5.1%), Conagra Brands, Inc. (3.7%), Dr. August Oetker Kg (2.8%) and Kraft Heinz (2.4%).

Online ordering and food delivery has gained traction since the onset of the COVID-19 crisis, during which many restaurants and other food outlets were forced to remain closed for months. This change in consumer habits has boosted the popularity of ready-to-cook/eat meals.

These are particularly popular with single households and older consumers. Urbanization encourages the development of cold chains, which allow rapid supply of chilled/frozen packaged meals.

This, in turn, is driving the demand for ready meals.

This report brings together multiple data sources to provide a comprehensive overview of the global ready meals industry.

It includes analysis on the following –
– Industry Overview: Provides an overview of current industry scenarios in terms of ingredients, manufacturer claims, labeling and packaging. The analysis also provides a regional overview in five regions-Asia Pacificthe Middle East & AfricaAmericas, Western Europeand Eastern Europe– highlighting the size of the sector, growth drivers, latest developments and future challenges for each region.
– Evolution of consumption: provides an evolution of the consumption of ready meals during the period 2016-26 at global and regional levels.
– High Potential Countries: Provides a risk-reward analysis of the 10 high potential countries in each region based on market valuation, economic development, governance indicators,
socio-demographic factors and technological infrastructure.
– Country and Regional Analysis: Provides in-depth analysis of 10 high-potential countries covering value growth over the period 2021-26, key challenges, consumer demographics and key trends. It also includes a regional analysis covering the future outlook for the region.
– Health and Wellness Analysis: Provides insights on health and wellness products in terms of value and percentage share in the overall ready meals industry globally and regionally over the course of the period 2015-2020. The analysis includes key health and wellness attributes and consumer benefits driving the sales of ready meals across five regions in 2020. It also covers the market shares of top companies offering ready meals with health and wellness attributes.
– Competitive Landscape: Provides an overview of leading companies and brands globally and regionally, in addition to analyzing product profile, country-level presence, market share and private label growth in each region.
– Major Distribution Channels: Provides an analysis of the major distribution channels of the global ready meals industry in 2021. It covers hypermarkets and supermarkets, convenience stores,
Online retailers, food and beverage specialists, “dollar stores”, variety stores and general merchandise retailers, cash & carry and warehouse clubs, department stores, drugstores and pharmacies, and others.
– Preferred packaging formats*: the report provides an analysis of the percentage share (in 2021) and growth (in 2016-26) for various packaging materials, types, closures and outer types based on the volume of sales of prepared meals (in millions of packaging units).

– Provides an overview of the current industry scenario regarding the future outlook in terms of ingredients, product claims, labeling and packaging.
– The analysis also covers a regional overview in five regions – Asia Pacific, Middle East & AfricaAmericas, Western Europeand Eastern Europe – highlighting the industry size, growth drivers, latest developments and future inhibitors for the regions.

Reasons to buy
– Manufacturers and retailers seek the latest information on market developments to formulate their sales and marketing strategies. There is also a 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 growth opportunities within the industry in the region.
– The report provides a detailed analysis of the countries in the region, covering key challenges, competitive landscape, and demographic analysis, which can help businesses better understand the nuances specific to each country.
– The analysts also highlighted key trends driving consumer choice and future opportunities that can be explored in the region, which can help businesses increase revenue.
– Obtain competitive intelligence on industry leading brands in the region with insights into their market share and growth rate.

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