DUBLIN--(BUSINESS WIRE)--The "Global Ready Meals Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global ready meals market is projected to grow at a CAGR of 4.62% during the forecast period.
The major factor driving the market is the convenience provided in terms of time-saving, less effort of cooking and ease of handling and storage. Moreover, the busy schedules, increasing number of employees and students are also owing to the growth of the market.
The reasonable cost and it can be served as a substitute for junk foods are also drivers of the market. The increasing health awareness and the negative perceptions regarding the effects of the ready meals is a major restraint of the market. Asia-Pacific is the fastest growing region in the market.
The growing population, stable economy, fastly growing food and beverage industry are the major factors helping the growth of the market.
- Nomad Foods Ltd
- Nestle SA
- McCain Foods Ltd
- Premier Foods plc
- Conagra Brands, Inc
Key Market Trends
Frozen Ready Meals is the Largest Segment in the Market
The growth of the frozen meals market is primarly driven by the growth of the market in the developing regions such as Asia-Pacific. The developed regions are having a comparatively lower market. The increasing urbanization is the major factor for the growth in the region. The increase in demand for the convenience food along with, the incorporation of healthy ingredients in the ready meals, the innovative packaging and the proper regulations are also factors affecting the growth of the market. The frozen pizza segment is considered as one of the major segments under frozen ready meals, as they are considered as the most popular junk food. In addition, improvements in nutritional value of frozen pizza, interesting ingredient profiles are fuelling the market.
Europe Remains the Major Market
Consumers in the United Kingdom lead a busy and hectic lifestyle, which has considerably reduced their time for preparation of food. This has made them switch to frozen foods, dried, and canned ready meals. The rise in online shopping of ready meals in the region has led the consumers to question about their health. The consumers are unable to strike a balance between quality of food and the unavailability of time, which they could have utilized in cooking fresh meals. Frozen soups are a new product category and are expected to witness strong growth in the coming years, due to convenience and time-saving the capacity of ready meals.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
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 Distribution Channel
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/dd37if