About Ready-to-Cook Food
Ready-to-cook food includes all of the ingredients, where some preparation or cooking is required through a process that is given on the package. There are various benefits of ready-to-cook food such as it is convenient, easily available, and it reduces food waste to a great extent and is valuable for the money that peoples spend on them. It is their convenience. Low availability of time is the major factor driving the market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.2% |
The Global Ready-to-Cook Food is a fragmented market due to the presence of various players. The players are focusing on investing more in research & development activities and investing in it. These will boost new launches and enhance their market presence. The companies are also planning n strategic activities like mergers, acquisitions, and partnerships, which will help sustain them in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Ready-to-Cook Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Adf Foods (India), Nestle S.A. (Switzerland), Kraft Heinz Company (United States), Chao Xiang Yuan Food Co. Ltd. (China), Dr. Oetker (Germany), ConAgra Brands, Inc. (United States), BRF S.A. (Brazil), Berkshire Hathaway (United States), General Mills (United States) and Tyson Foods (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nomad Foods Ltd (United Kingdom) and McCain Foods Limited (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Ready-to-Cook Food market by Type (Raw, Packaged Cookie Dough, A Frozen entrée or Pizza and Others), Application (Household and Commercial) and Region.
On the basis of geography, the market of Ready-to-Cook Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Plant-based will boost the Ready-to-Cook Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Ready-to-Cook Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Pouch will boost the Ready-to-Cook Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Working Class Population along with Busy Work Schedule
Market Growth Drivers:
Increasing Consumer Preference towards Tasty and Ready-to-Cook Food Materials and Changing Lifestyle coupled with increasing per Capita Disposable Income
Challenges:
Increasing Health Awareness among Peoples Especially During COVID-19 Impact on Ready-to-Cook Food Market
Restraints:
Allergy related Risk Associated with Consumption of Ready-to-Cook Food
Opportunities:
Introduction of Wide Range of Varieties in Food Products will create Opportunities for Ready-to-Cook Food Market
Market Leaders and their expansionary development strategies
In 5th 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 6th July 2021, Kraft Heinz announced that they are investing in digital technology and talent with the creation of an advanced data platform. With this investment, Kraft Heinz accelerates digital growth by enabling and driving more enticing, engaging, and interactive consumer touchpoints.
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."
Key Target Audience
Ready-to-Cook Food Manufacturers, Ready-to-Cook Food Distributors and Suppliers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.