Report Id: SNS/F&B/1711 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Ready Meals Market Size was valued at USD 146.57 billion in 2022 and is expected to reach USD 213.12 billion by 2030, and grow at a CAGR of 4.8% over the forecast period 2023-2030.
Prepared dinners are savvy elective dishes that require some investment to get ready as they are precooked and are accessible consistently. The moving food inclinations of purchasers toward prepared to-eat food items inferable from the bustling ways of life of working people as well as the chaotic plans for getting work done of undergrads is probably going to fuel market development.
Expansion in accommodation presented as far as efficient and little endeavours expected for the planning of these dinners drives the development of the prepared suppers market. Besides, inclination for these suppers by the functioning populace and understudies has expanded, attributable to the way that it requires just warming before utilization, which lessens the general exertion of cooking. Moreover, these dinners act as minimal expense choices to unhealthy food, which is expected to help their interest soon. Be that as it may, expansion in wellbeing mindfulness and negative discernments relating to wellbeing impacts of these items among the customers control the market development.
Impact of Covid-19:
With an extraordinary COVID-19 pandemic, interest for prepared suppers has seen an ascent, inferable from the execution of lockdown by states in larger part of the nations and developing reception of prepared-to-eat food. Furthermore, with the continuous shift to remote work and flood deprived for moment dinners is prompting ascend sought after for helpful food items which require less planning time and is sound.
Based on type, the frozen pizza portion holds the most extreme piece of the pie attributable to high customer interest and low costs on the lookout. Nonetheless, the pre-arranged plates of the mixed greens portion is supposed to be the quickest developing fragment during the gauge time frame.
Based on the end client, the private portion overwhelmed the worldwide market in 2020, in any case, the food administration fragment is supposed to be the quickest developing section during the prepared dinners market gauge period.
Based on the dispersion channel, the internet retailing portion is the quickest developing fragment attributable to ascend in web entrance and advanced mobile phones among the shoppers. Nonetheless, the put-away-based retailing portion is supposed to stay the biggest overwhelming fragment of the market attributable to the simplicity of openness and accessibility of the prepared dinner items.
Key Market Segmentation:
Canned/Preserved Ready Meals
Chilled Ready Meals
Dried Ready Meals
Frozen Ready Meals
By Distribution Channel:
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
North America held the biggest offer in the worldwide market with the U.S. being the biggest purchaser of pre-bundled dinners. Advancing food inclinations among customers attributable to developing wellbeing mindfulness and worries for food handling are driving item interest in the district. Asia Pacific is expected to be the quickest developing territorial market attributable to the rising objective populace in the locale. Also, developing buyer extra cash and rising mindfulness about prepared supper items are adding to showcase development. Europe is likewise expected to observe impressive development before very long because of the presentation of imaginative items.
Nestlé, General Mills, Inc., Kellogg Company, Conagra Brands, Inc., Tyson Foods, Inc., Dr. Oetker, Nomad Foods, Green Mill Foods, Unilever, 2 Sisters Food Group
|Market Size in 2022||US$ 146.57 Billion|
|Market Size by 2030||US$ 213.12 Billion|
|CAGR||CAGR 4.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Canned/Preserved Ready Meals, Chilled Pizza, Chilled Ready Meals, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, and Prepared Salads)
• by End User (Residential and Food Services)
• by Distribution Channel (Store-based Retailing (Supermarkets/Hypermarkets Discounters, Convenience Stores, and Others) and Online Retailing)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Nestlé, General Mills, Inc., Kellogg Company, Conagra Brands, Inc., Tyson Foods, Inc., Dr. Oetker, Nomad Foods, Green Mill Foods, Unilever, 2 Sisters Food Group|
|Key Drivers||•Individuals are searching for better fixings, more assortment, and speedier conveyance.|
|Market Opportunities||•These suppers act as minimal expense choices to unhealthy food.|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Ready Meals market segmentation, by By Type:
8.1 Canned/Preserved Ready Meals
8.2 Chilled Pizza
8.3 Chilled Ready Meals
8.4 Dried Ready Meals
8.5 Frozen Pizza
8.6 Frozen Ready Meals
8.7 Prepared Salads
9. Global Ready Meals market segmentation, by End User:
9.2 Food Services
10. Global Ready Meals market segmentation, by Distribution channel:
10.1 Store-based Retailing
10.1.3 Convenience Stores
10.2 Online Retailing
11. Global Ready Meals market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.5.4 Rest of Middle East & Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 General Mills, Inc.
12.3 Kellogg Company
12.4 Conagra Brands, Inc.
12.5 Tyson Foods, Inc.
12.6 Dr. Oetker
12.7 Nomad Foods
12.8 Green Mill Foods
12.10 2 Sisters Food Group
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.