Press-Releases

Ready Meals Market Grows In The F&B Industry, With Western Europe Having The Largest Share


The Business Research Company’s Ready Meals market research report expands on key drivers, trends, and growth opportunities in the market.

LONDON, June 29, 2022 /PRNewswire/ — Western Europe accounts for the largest ready meals market share. Asia-Pacific is expected to be the fastest-growing region in the global ready meals market during the forecast period. The regions covered in the global ready meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

TBRC Logo

The global ready meals market size is expected to grow from $141.5 billion in 2021 to $153.21 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. TBRC’s ready meals market forecast sees it reaching $213.32 billion in 2026 at a CAGR of 8.6%.

Request a free sample of the Ready Meals Market Report

Ready Meals Market Overview

The ready meals market consists of sales of ready meals by entities (organizations, sole traders, and partnerships) that are convenient, inexpensive, fast, and pre-portioned. The ready meals are complete meals that only require heating before eating. They are ready to eat and already cooked or prepared. They are priced at a lower price and hence are cheap and convenient to use.

The main components of the ready meals market are frozen, chilled, canned, and dried products. A frozen food product that has been factory processed to the point that it is ready for use as a food and may or may not require further heating before consumption is referred to as frozen food. Ready meals are available on various distribution channels such as supermarkets/hypermarkets, convenience stores, and online.

Ready Meals Market Trends

The increasing demand for fresher and more convenient nutritionally compliant dietary standards are key trend gaining popularity in the ready meals market. For instance, in September 2020, FiveStar Gourmet Foods ltd launched the Simply Fresh2GO ready-to-eat meals product line to deliver both in retail and school food services channels to meet strict national school lunch dietary standards. It maintains that each item in the line has a balanced complete meal including protein, grains, fresh vegetables, and fruits.

Ready Meals Industry Growth

The growing awareness of food products with extended shelf lives is significantly contributing to the growth of the ready meals market. The shelf life of a product is described as the amount of time during which it may be safely consumed while retaining its desired features such as sensory, functional, chemical, and microbiological properties. People are on the lookout for food with a long shelf life like ready meals, as they are convenient, inexpensive, fast, and pre-portioned. For example, in June 2020, Truebell LLC, a US-based food and beverage exporter company has seen demand up to 300% for long shelf-life products. Therefore, the growing awareness of food products with extended shelf lives is driving the growth of the ready meals market.

See more on the Ready Meals Market Report

Check out similar market reports:

Prepared Meal Delivery Global Market Report 2022 – By Supply (Cook And Eat, Heat And Eat), By Service (One, Several), By Platform (Online, Offline) – Market Size, Trends, And Global Forecast 2022-2026

Meal Kit Global Market Report 2022 – By Type (Fresh Food, Processed Food), By Category (Vegetarian, Non-Vegetarian), By Distribution Channel (Hypermarket/Supermarket, Convenience Store, Specialty Food Stores, Small Grocery Stores, Online Stores, Others) – Market Size, Trends, And Global Forecast 2022-2026

Food And Beverages Global Market Report 2022 – By Type (Alcoholic Beverages, Non-Alcoholic Beverages, Grain Products, Bakery & Confectionary, Other Foods Products, Frozen, Canned and Dried Food, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels), By Nature (Organic, Conventional) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: http://blog.tbrc.info/

Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg



Source link

The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

Back to top button