A recent report published by Infinium Global Research on ready
meals market provides an in-depth analysis of segments and sub-segments in the
global as well as regional ready meals market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
ready meals market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast, and dollar values of the global
ready meals market. According to the report, the global ready meals market is
projected to grow at a healthy CAGR over the forecast period of 2020-2026.
Ready meals are deliberated as a cost-effective alternative meal
and their preparation requires less time, as they are precooked. The ready
meals are available throughout the year and are safe to consume. The current
concern over the spread of coronavirus is expected to have a positive impact on
the sales of ready meals in the long term. The whole world is witnessing the
spread of COVID-19 pandemic since the beginning of 2020. Furthermore, from the
second month of the year 2020, nearly all the countries around the globe have
proposed a country level lockdown, which led to the restriction on going
outside their houses. Under this panic situation, customers are progressively
buying these ready meals owing to their higher shelf life and convenience in
cooking. Moreover, ready meals can last a long time, thus leading to the
minimum number of visits to the marketplaces for the purchase of food products.
The growth of the ready meals market is driven by an upsurge in
the convenience foodstuffs among students and working professionals provided in
terms of time-saving and minimum efforts required for the preparation of these
meals. Ready meals are precooked and pre-packaged meals that can be consumed
with least or no preparation. Furthermore, increasing demand for minimally
processed and additive-free food products with a prolonged shelf life is
anticipated to fuel the market growth during the forecast period. In addition,
preference for these meals by the working population and students has
augmented, owing to the fact that it requires only heating before consumption,
which decreases the overall effort. Moreover, ready meals serve as low-cost
alternatives to junk food, which is expected to boost their demand over the
forecast period. On the other hand, an increase in health awareness and
negative perceptions pertaining to the health effects of the ready meals
products among the consumers confine the market growth.
Among the geographies, North America region is expected to hold
the largest share in the global ready meals market owing to the introduction of
innovative products, such as frozen vegetables and salads. Food inclinations
among the consumers are increasing the demand for ready meals in the region.
The United States is the largest consumer of ready-to-eat food products and meals.
Furthermore, the Asia Pacific region is anticipated to be the fastest-growing
region with the highest CAGR during the forecast period. This growth is
accredited to the growing target population in the region. In addition,
increasing consumer disposable income coupled with rising awareness about ready
meal products are driving the regional market growth.
The report on the global ready meals market covers segments such as
type, and distribution channel. On the basis of type, the sub-markets include
canned/preserved ready meals, chilled pizza, chilled ready meals, dried ready
meals, frozen pizza, frozen ready meals, and prepared salads. On the basis of the distribution channel, the sub-markets include store-based retailing, and online
retailing.
The report provides profiles of the companies in the market such
as Nestlé S.A., ConAgra Brands Inc., Kraft Heinz Company, Chao Xiang Yuan Food
Co. Ltd., Dr.Oetker, BRF S.A., Berkshire, Green Mill Foods, General Mills, and
Tyson Foods.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of ready meals
market. Moreover, the study highlights current market trends and provides
forecast from 2020-2026. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.