South America RTE Food Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.55 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America RTE Food Market Analysis
South America RTE Food Market is projected to grow at a CAGR 4.55% during the forecast period 2020-2025.
- Owing to the busier lifestyles, the population is constantly exploring options to dine out of their houses in a restaurant with a soothing ambiance, which is attributed to the rising popularity of meats and seafood amid the consumers.
- A constantly organizing supply chain in the region has led to an increase and ease of product circulation across the pertaining retail channels, ultimately leading to an increase in the sales of RTE foods across the consumers in the market.
South America RTE Food Market Trends
This section covers the major market trends shaping the South America RTE Food Market according to our research experts:
Increasing Penetration of Organized Retail Outlets
With the increase in preference for branded products among consumers, the importance of organized retailers carrying organic RTE food has also increased. The rapid penetration of modern retailing stores in developing countries, like Brazil is also contributing to the rapid growth of the market as they are increasingly stocking on different brands of ready meals, thereby, providing accessibility and availability of the products for consumers under a single roof. For instance, in Brazil, the penetration of supermarket chains, such as Brothers Muffato Cia Ltda, that offer ready meals, including frozen foods, such as Mezzanine Lasagna with Chicken Sauce, have enabled consumers to purchase products with ease, which in turn boosting the market in the region.
Brazil holds the Largest Share in the Market Studied
Brazil is one of the major food producers and exporters in the world offers great opportunities for the food producers and food processing industries. These industries produce a wide product range, including ready meals, aiming consumers at all income levels. The consumers of the country are seeking convenient and healthier food products. With the economic recession that hit Brazil in 2014, the country lost its purchasing power and opted for homemade food rather than ready meals consequently hindering the market, which in turn boosting the market studied in the country.
South America RTE Food Industry Overview
The frozen food market is gaining momentum in the South American RTE Food market. Minor players are also seeking for their share in the RTE food market, owing to increasing demand. Some of the major players in the market studied are JBS, Norac Food, BRF SA, NISSIN FOODS HOLDINGS CO., LTD, Nestlé Brasil Ltda among others.
South America RTE Food Market Leaders
JBS
Norac Food
Nestlé Brasil Ltda
BRF SA
NISSIN FOODS HOLDINGS CO.,LTD
*Disclaimer: Major Players sorted in no particular order
South America RTE Food Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Instant Breakfast/Cereals
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5.1.2 Instant Soups & Snacks
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5.1.3 Ready Meals
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5.1.4 Baked Goods
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5.1.5 Meat Products
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5.1.6 Others
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5.2 By Distribution Channel
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5.2.1 Hypermarkets / Supermarkets
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5.2.2 Convenience Stores
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5.2.3 Food Specialty Stores
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5.2.4 Departmental Stores
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5.2.5 Online Retailers
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5.2.6 Others
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Colombia
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 JBS
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6.4.2 Norac Food
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6.4.3 McCain Foods (Serya Alimentos)
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6.4.4 Nestle Brasil Ltda
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6.4.5 NISSIN FOODS HOLDINGS CO.,LTD
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6.4.6 Nomad Foods Ltd.
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6.4.7 BRF SA
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6.4.8 Congelados Del Sur
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America RTE Food Industry Segmentation
South America RTE Food Market is segmented by product type, distribution channel, and geography. On the basis of product type, the market is segmented into Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, Meat Products, and Others. On the basis of the distribution channels, the market is segmented into Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, and Others. Based on geography, the report provides a detailed analysis, which includes Brazil, Colombia, and Rest of South America.
| By Product Type | |
| Instant Breakfast/Cereals | |
| Instant Soups & Snacks | |
| Ready Meals | |
| Baked Goods | |
| Meat Products | |
| Others |
| By Distribution Channel | |
| Hypermarkets / Supermarkets | |
| Convenience Stores | |
| Food Specialty Stores | |
| Departmental Stores | |
| Online Retailers | |
| Others |
| By Geography | |
| Brazil | |
| Colombia | |
| Rest of South America |
South America RTE Food Market Research FAQs
What is the current South America RTE Food Market size?
The South America RTE Food Market is projected to register a CAGR of 4.55% during the forecast period (2024-2029)
Who are the key players in South America RTE Food Market?
JBS , Norac Food, Nestlé Brasil Ltda, BRF SA and NISSIN FOODS HOLDINGS CO.,LTD are the major companies operating in the South America RTE Food Market.
What years does this South America RTE Food Market cover?
The report covers the South America RTE Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America RTE Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America RTE Food Industry Report
Statistics for the 2024 South America RTE Food market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America RTE Food analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
