Europe Ready-to-Eat Food Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.25 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Ready-to-Eat Food Market Analysis
The Europe Ready-to-Eat Food Market size is expected to grow from USD 85.65 billion in 2023 to USD 100.50 billion by 2028, at a CAGR of 3.25% during the forecast period (2023-2028).
- The growth of the ready-to-eat food market is driven by an increase in the convenience offered in terms of time-saving and efforts required to prepare these meals. Moreover, due to changes in social and economic patterns, increased spending on food and drink, increased awareness of healthy foods, changes in meal patterns and existing eating habits, an increase in the number of ex-pats settling across the region, and the desire to try new products, the demand for convenient and instant food, in particular instant pasta, rice, snacks, meat products, and others, is growing at a faster rate.
- For instance, the UK National Statistics Office (NSO) has revealed that about 9.6 million of the non-UK population resides in the United Kingdom. This ex-pat population in the country is constantly increasing with increasing migrations from other countries.
- Additionally, ethnic foods have been dubbed "cultural ambassadors," and ready-made ethnic dinners are becoming common in every store aisle. Since these cuisines have had significant market penetration over the past decade, the ready-to-eat ethnic food sector is more likely to rely on the fusion of ethnic blends in the region.
- Young consumers are spending most of their income on convenient ready-to-eat food products. Consumers between the ages of 20 and 30 are the easiest targets for ready-to-eat food manufacturing giants. This is because these consumers are primarily working professionals and college students who need help cooking at home due to their busy schedules. The convenience level of such products helps increase the total demand in the market across the region.
Europe Ready-to-Eat Food Market Trends
Increasing Demand for Pre-cooked Meals
- Consumer lifestyles are changing; these days, consumers are busy with their work and have varying schedules. Most consumers need more time to prepare food at home. According to Eurostat, in 2021, more than 250 million people in Europe will be working professionals, which comes to around 73.1% of the region's total population. Thus, consumers are moving toward ready-to-eat meals as it saves time for them.
- According to Speciality Coffee Association (SCA), France is one of the major European countries that is hyper-active in the ready-to-eat segment. Numerous cafes are active that serve ready-to-eat food. As consumers move toward a better lifestyle by engaging in various kinds of work, the time needed for home-cooked foods is declining. This is one major factor driving the population toward the ready-to-eat food market.
- Furthermore, with the growing trend of veganism, the demand for plant-based ready-to-eat food products, organic food, and other free-from food products has also witnessed increased product development of RTE food in this regard during the previous few years.
- For instance, in September 2022, THIS, a United Kingdom alternative meat brand, launched three new plant-based ready meals at Tesco, the country's largest supermarket chain. This Isn't Pork Meatballs & Spaghetti, This Isn't Chicken Thai Green Curry, and This Isn't Pork Sausages & Mash are among the meals offered. The meals can be heated up in only four minutes and are high in protein and low in fat.
Increasing Demand for Frozen Foods
- The European region is the largest in terms of consumption of frozen foods. In its Frozen food report 2021, British Frozen Food Federation stated that the frozen meals segment of the market is estimated to grow in the coming years. Due to the rising demand in the market, companies are offering various innovative products to consumers to meet their preferences. For example, the innovation of sugar-free and low-calorie food is directly related to the consumer's health, and thus, it drags consumers' attention toward the frozen food sector.
- Also, the demand has grown for frozen food as it requires less effort compared to the cooking from scratch required for other foods. Increasing income is another factor that hugely influences the ready-to-eat food market's growth as it increases consumers' buying power. Microwaveable frozen meals are gaining importance in the region for their ease and convenience. Owing to the demand, major players in the market are focusing on introducing microwavable ready-to-eat foods to attract consumers to the market.
- For instance, in March 2022, using the Micvac in-pack cooking and pasteurization technology, Caroli Foods Group, a meat product processor for the Romanian market, introduced a line of chilled ready meals under the brand Maestro. The ten brand-new recipes for Maestro are crafted with fresh ingredients and are inspired by home-cooked meals. Without using additives or preservatives, the technology enables a dish to maintain its flavor and nutritional value for 60 days.
Europe Ready-to-Eat Food Industry Overview
The European ready-to-eat food market is highly competitive in nature due to a majority of the share being held by leading players, including McCain Foods, Nomad Foods, Ebro Foods, S.A., Premier Foods Group Limited, and Nestlé SA. Manufacturers are increasingly focusing on packaging, as it plays a vital role in retaining product quality, vitamin content, taste, texture, colour, and shelf-life. High industrial profitability has led manufacturers to develop powerful competitive strategies, intensifying competition among existing market players. Major players are intensely embarking on product innovation as their prime strategy to consolidate the market studied.
Europe Ready-to-Eat Food Market Leaders
Premier Foods Group Limited
McCain Foods Limited
Nestlé S.A.
Nomad Foods Ltd
Ebro Foods, S.A.
*Disclaimer: Major Players sorted in no particular order
Europe Ready-to-Eat Food Market News
- April 2022: A platform for open innovation was launched by Nomad Foods in partnership with the international innovation network Innoget. It will be accessible to academics, subject matter experts, start-ups, and SMEs looking to form new collaborations from the ideation phase to product development and the eventual launch of new products in the market.
- February 2022: Nestle SA acquired a majority stake in Orgain, a plant-based nutrition expert that manufactures powders, snacks, etc. The main strategy behind Nestle SA's acquisition can be expanding its business by involving major nutrition-based food products that are organic in nature so that the company can meet the consumer's evolving preference for organic products. All the products in the portfolio are to be initially retailed across local Tesco stores in the United Kingdom.
- July 2021: Riviana Foods Inc., a business unit of Madrid, Spain-based Ebro Foods, launched Success Garden & Grains Blends, the first boil-in-bag product to combine rice with simple ingredients. Success Garden & Grains Blends are available in two varieties: white rice, black beans, corn, and bell peppers, and white rice, peas, carrot, and red bell peppers.
Europe Ready-to-Eat Food Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Instant Breakfast/Cereals
5.1.2 Instant Soups
5.1.3 Frozen snacks
5.1.4 Meat snacks
5.1.5 Ready Meals
5.1.6 Instant noodles
5.2 Distribution Channel
5.2.1 Hypermarkets/Supermarkets
5.2.2 Convenience Stores/Grocery stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3 Geography
5.3.1 United Kingdom
5.3.2 Germany
5.3.3 Spain
5.3.4 France
5.3.5 Italy
5.3.6 Russia
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Strategies adopted by leading players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nomad Foods Ltd
6.3.2 Nestlé S.A.
6.3.3 McCain Foods Limited
6.3.4 Premier Foods Group Limited
6.3.5 Conagra Brands, Inc.
6.3.6 Dr August Oetker Nahrungsmittel KG
6.3.7 Frosta Aktiengesellschaft (FRoSTA AG)
6.3.8 The Kraft Heinz Company
6.3.9 Ebro Foods, S.A.
6.3.10 The Kellogg Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Ready-to-Eat Food Industry Segmentation
Ready-to-eat foods are pre-cooked, pre-cleaned, mostly packaged, and ready for consumption without prior preparation or cooking. They are highly preferred for the convenience they offer.
The European ready-to-eat food market is segmented into type, distribution channel, and geography. Based on type, the market is segmented into instant breakfast/cereals, instant soups frozen snacks, meat snacks, ready meals, and instant noodles. Based on distribution channels, the market is segmented into hypermarkets/supermarkets, convenience stores/grocery stores, online retail stores, and other distribution channels. The report gives a detailed analysis of emerging economies in the European region, namely the United Kingdom, Germany, Spain, France, Italy, Russia, and the Rest of Europe.
For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | |
| Instant Breakfast/Cereals | |
| Instant Soups | |
| Frozen snacks | |
| Meat snacks | |
| Ready Meals | |
| Instant noodles |
| Distribution Channel | |
| Hypermarkets/Supermarkets | |
| Convenience Stores/Grocery stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |
| United Kingdom | |
| Germany | |
| Spain | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Ready-to-Eat Food Market Research FAQs
What is the current Europe Ready-to-Eat Food Market size?
The Europe Ready-to-Eat Food Market is projected to register a CAGR of 3.25% during the forecast period (2024-2029)
Who are the key players in Europe Ready-to-Eat Food Market?
Premier Foods Group Limited, McCain Foods Limited, Nestlé S.A., Nomad Foods Ltd and Ebro Foods, S.A. are the major companies operating in the Europe Ready-to-Eat Food Market.
What years does this Europe Ready-to-Eat Food Market cover?
The report covers the Europe Ready-to-Eat Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Ready-to-Eat Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Ready-to-Eat Food Industry Report
Statistics for the 2024 Europe Ready-to-Eat Food market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Ready-to-Eat Food analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
