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.
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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.
Driving Factors:
Restraining Factors:
Opportunities:
Challenges:
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 fast 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.
End-User:
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.
By Type:
Canned/Preserved Ready Meals
Chilled Pizza
Chilled Ready Meals
Dried Ready Meals
Frozen Pizza
Frozen Ready Meals
Prepared Salads
By End-User:
Residential
Food Services
By Distribution Channel:
Store-based Retailing
Supermarkets/Hypermarkets
Discounters
Convenience Stores
Others
Online Retailing
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
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.
Nomad Foods-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 146.57 Billion |
| Market Size by 2030 | US$ 213.12 Billion |
| CAGR | CAGR 4.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
CAGR of Ready Meals Market is 4.8% over the forecast period 2023-2030.
USD 146.57 billion is the market value in 2022.
The forecast period of the Ready Meals Market is 2022-2030.
The North America region high share of the Ready Meals Market
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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:
9.1 Residential
9.2 Food Services
10. Global Ready Meals market segmentation, by Distribution channel:
10.1 Store-based Retailing
10.1.1 Supermarkets/Hypermarkets
10.1.2 Discounters
10.1.3 Convenience Stores
10.1.4 Others
10.2 Online Retailing
11. Global Ready Meals market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of Middle East & Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 Nestlé
12.1.1 Financial
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
12.9 Unilever
12.10 2 Sisters Food Group
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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