LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global microwavable foods market and the market is poised to grow by USD 29.91 billion during 2019-2023 at a CAGR of more than 5% during the forecast period. Request Free Sample Pages
Read the 125-page research report with TOC on "Microwavable Foods Market Analysis Report by Product (Frozen food, Shelf stable microwavable food, and Chilled food), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the increasing need for convenient and time-saving food preparations. In addition, the growing prominence of private label brands is anticipated to further boost the growth of the microwavable foods market.
The demand for convenient and time-saving methods to prepare food is increasing due to rapid urbanization and increasing number of females in the workforce. This is driving the sale of microwavable food such as frozen, chilled, and shelf stable meals as they can be easily prepared in a conventional microwave oven in few minutes. These food items are considered healthy as they do not require additional oil and fat for cooking. Vendors are widening their customer base by introducing a wide variety of microwavable meal options in various cuisines such as Asian and continental. Thus, the increasing need for convenient and time-saving food preparation will drive market growth during the forecast period.
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Major Five Microwavable Foods Market Companies:
AJINOMOTO CO., INC.
AJINOMOTO CO., INC. is headquartered in Japan and operates the business under various segments such as Japan Food Products, International Food Products, Life Support, and Healthcare. The company offers a wide variety of microwavable meals and snacks.
Conagra Brands, Inc.
Conagra Brands, Inc. is headquartered in the US and offers products through the following business units: Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial. The company offers microwavable food as ready meals and frozen snacks.
General Mills Inc.
General Mills Inc. is headquartered in the US and operates under various business segments, namely North America Retail, Convenience stores and Foodservice, Europe and Australia, and Asia and Latin America.
Nestlé is headquartered in Switzerland and offers products through the following business segments: Zone Americas (AMS), Zone Europe, Middle East, and North Africa (EMENA), Zone Asia, Oceania, and sub-Saharan Africa (AOA), Nestlé Waters, and Other businesses.
The Kraft Heinz Company
The Kraft Heinz Company is headquartered in the US and offers products through the following business segments: US, Canada, Europe, and Rest of World. The company offers microwavable food such as frozen meals.
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Microwavable Foods Product Outlook (Revenue, USD Million, 2019 - 2023)
- Frozen food
- Shelf stable microwavable food
- Chilled food
Microwavable Foods Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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Related Reports on Consumer Staples include:
Food Flavors Market – Global Food Flavors Market by product (natural flavors and artificial flavors) and geography (APAC, Europe, MEA, North America, and South America).
Foodservice Market – Global Foodservice Market by geography (APAC, Europe, MEA, North America, and South America), foodservice system (conventional, centralized, ready-prepared, and assembly-serve), and sector (commercial and non-commercial).
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