Market Size of Europe Ready Meals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.67 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Ready Meals Market Analysis
The European Ready Meals Market is expected to register a CAGR of 5.67% during the forecasted years.
- Consumers in the region lead a busy lifestyle, considerably reducing their time for food preparation, thus impacting the growth of on-the-go foods. This trend has led to consumers shifting toward frozen, dried, and canned ready meals.
- Increasing disposable income and hectic lifestyles, a rising aging population and single households, and a wide variety of ready meals are driving the ready meals market in Denmark. For instance, according to Statistics Denmark, the Danish population is gradually growing older, and the inhabitants aged 80 years or older reached over 280 thousand in 2021 compared to 230 thousand in 2011.
- Ready-made meals come in various forms, like microwave meals, takeaway meals, and pot noodles, thus increasing the availability and variety of foods. Additionally, the increasing trend of eating out and 'on-the-go' eating, with people consuming more restaurant meals, takeaway meals, and convenience snacks, has reduced at-home cooking.
- Consumers are more inclined to eat pre-prepared foods, such as shop-bought pizza, which covers a major portion of the consumer's diet and is, therefore, consumed on a priority basis. Additionally, the widespread busy lifestyles and the rising demand for healthy and plant-based alternatives create a significant market potential for vegan convenience products.
