Market Snapshot:
Ready to Cook foods are those that come with all of the ingredients that require some preparation or cooking according to the instructions on the package. During the holiday season, the convenience of "Ready to Cook" items can help save time and effort. Raw, boxed cookie dough, a frozen entree, or pizza are all examples of "Ready to Cook" foods. Anyone can get sick from eating these foods if don’t cook them according to the box directions. This is especially true for those with weakened immune systems, small children, the elderly, and pregnant women, because some germs can harm or kill unborn fetuses. Any bacterium that causes illness will be killed if they are cooked according to the package guidelines. Increased urbanization and the migration of people from Tier 2 towns to Tier 1 and Metro areas are driving market expansion. A busy lifestyle, combined with changing consumer demographics such as the development of nuclear families and double-income households, is increasing demand for convenience foods.
Highlights from Ready-To-Cook Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The key Vendors profiled in the report are Godrej Tyson Foods (United States), PepsiCo, Inc. (United States), JBS (United States), General Mills (United States), ITC India (India), Nestle (Switzerland), MTR Foods (India), ADF Foods (India), Gits (India) and Maple Leaf Foods (Canada). Additionally, other players that are part of this comprehensive study are Greencore Group (Ireland), Campbell Soup (United States) and Fleury Michon (France).
Geographic Breakdown and Segment Analysis
The Global Ready-To-Cook market presents a comprehensive analysis of the Ready-To-Cook market by product type (Dairy Based, Meat Based, Vegetables Based and Cereals Based), by end-user/application (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, Online Store and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Ready-To-Cook industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Ready-To-Cook market
Analyst at AMA have segmented the market study of Global Ready-To-Cook market by Type, Application and Region.
Influencing Trend:
Technological Innovation And Advancement Will Further Optimize The Performance Of The Product
Market Growth Drivers:
Increasing Demand For Convenience Food
Challenges:
Increasing Health Awareness During COVID-19 Impact on Ready-to-Cook Food Market and Intense Competition Among Player
Restraints:
Growing The Preference For Fresh And Natural Food Products
Opportunities:
Increasing Sales Of Ready To Cook Product Online Platform and Rising Number Of Startups In Foods Industry
Market Developments Activities:
In March 2021, Nestle acquired Essentia to expand its presence in the premium functional water portfolio. With the addition of Essentia company continue to transform and best position on the water business for long-term profitable growth. Essentia gives an immediate strong presence in the high growth and supports Nestlé’s efforts to grab the new opportunities with new trends like healthy hydration.
In November 2021, ITC's food business chief Hemant Malik told The Economic Times that the company had launched breakfast staples including rawa, suji and vermicelli
Regulatory Insights:
As per the Food Safety and Standards Regulations, "The manufacturer should mention the Best before, Date of manufacture, Date of packaging, District, Health claims, and other important things on the packet."
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Ready-To-Cook Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others