Global Ready Meals Market - Growth, Trends and Forecasts (2019 - 2024)

Global Ready Meals Market - Growth, Trends and Forecasts (2019 - 2024)

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The global ready meals market, valued at USD 194.06 billion in 2016 is expected to grow at a CAGR of more than 13.6% during the forecast period. Nestle, one of the prominent vendors of ready meals, has a global market value of more than USD 7 billion.

Global Ready Meals Market Dynamics

Convenience, due to high-speed cooking time, makes ready meals ideal for working professionals. Cost-effectiveness as compared to restaurant food, urbanization, and an increase in population drives this market. Though health concerns restrain the market, the perception of consumers towards ready meals has been improving constantly. The introduction of healthy ready meals and low carbon, biodegradable barrier tray packaging - which maintain the quality and increase the shelf life of products are supporting the market. The need for constant innovation is a challenge for the manufacturers.

Global Ready Meals Market Segmentation

The global ready meals market has been segmented on the basis of product type into frozen ready meals, chilled, canned, and dried ready meals. Frozen ready meals dominate the global market with a share of more than 52%. On the basis of price, the standard ready meals segment is dominant. Supermarkets/hypermarkets lead the distribution channel in the global scenario.

Europe dominates the global market with a predicted market value of more than USD 45 billion, due to the introduction of healthy ready meals. The U.K., Germany, France, Spain, and Russia are the major markets for ready meals in Europe. North America is the next big market with the U.S. being the major consumer. In the Asia-Pacific region, the ready meals market is expected to grow rapidly with India and China becoming the major markets in the region.

Key Players in the Global Ready Meals Market

The global market for ready meals is highly fragmented with vendors competing for innovation, pricing, and distribution.

Some of the major players in the market include:

  • ConAgra
  • Fleury Michon
  • Kraft Heinz
  • Nestlé
  • Unilever

 

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  •  3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis in country level

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

2. Research Approach & Methodology

                2.1 Introduction

                2.2 Research Designs

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3  Market Engineering and Econometric Modelling

                                2.4.4 Expert Validation

3. Key Findings of the Study

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increasing Demand for Convenience Food

                                4.1.2 Demand for Cost-Effectiveness

                4.2 Constraints

                                4.2.1 Health Concerns among Consumers

                                4.2.2 Perception of Consumers

                4.3 Opportunities

                                4.3.1 Introduction of Healthy Ready Meals

                                4.3.2 Innovation in Packaging

                                4.3.3 Increasing demand in Asia-Pacific Region

                4.4 Porter's Five Forces Analysis

                                4.4.1 Bargaining Power of Suppliers

                                4.4.2 Bargaining Power of Buyers

                                4.4.3 Threat of New Entrants

                                4.4.4 Threat of Substitute Products and Services

                                4.4.5 Degree of Competition

                  4.5 Consumer Behavior Analysis

                                    4.5.1 Consumer Demand Analysis

                                    4.5.2 Target Market Identification

                                                4.5.2.1 Purchasing Power

                                                4.5.2.2 Demographic Strengths & Weaknesses

                                                4.5.2.3 Spending Patterns 

5. Market Segmentation

                5.1 By Product Type

                                5.1.1 Frozen Ready Meals

                                5.1.2 Chilled Ready Meals

                                5.1.3 Canned Ready Meals

                                5.1.4 Dried Ready Meals

                5.2 By Price

                                5.2.1 Standard

                                5.2.2 Premium

                5.3 By Distribution Channel

                                5.3.1 Super Markets/ Hyper Markets

                                5.3.2 Convenience Stores

                                5.3.3 Food Speciality Stores

                                5.3.4 Online Retailers

                                5.3.5 Others

                5.4 By Geography

                                5.4.1 North America

                                                5.4.1.1 U.S.

                                                5.4.1.2 Canada

                                                5.4.1.3 Mexico

                                                5.4.1.4 Others

                                5.4.2 Europe

                                                5.4.2.1 Germany

                                                5.4.2.2 U.K.

                                                5.4.2.3 France

                                                5.4.2.4 Spain

                                                5.4.2.5 Italy

                                                5.4.2.6 Russia

                                                5.4.2.7 Others

                                5.4.3 Asia-Pacific

                                                5.4.3.1 China

                                                5.4.3.2 Japan

                                                5.4.3.3 India

                                                5.4.3.4 Australia

                                                5.4.3.5 Others

                                5.4.4 South America

                                                5.4.4.1 Brazil

                                                5.4.4.2 Argentina

                                                5.4.4.3 Others

                                5.4.5 Africa

                                                5.4.5.1 South Africa

                                                5.4.5.2 Others

6. Competitive Landscape

                6.1 Most Adopted Strategies

                6.2 Most Active Companies

                6.3 Market Share Analysis

7. Company Profiles    

                7.1 Advanced Fresh Concepts

                7.2 Campbell Soup 

                7.3 ConAgra

                7.4 Fleury Michon

                7.5 Greencore Group 

                7.6 Grupo Herdez 

                7.7 Hormel Foods 

                7.8 Iceland Foods

                7.9 Iglo Group

                7.10 JBS 

                7.11 Kraft Heinz

                7.12 Maple Leaf Foods

                7.13 McCain

                7.14 Nestlé

 

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