What is Ready Eat Food Market?
Ready eat food is a foodstuff that is frozen, cooked, cooked for hot holding, washed, cooled as well as processed to be eaten directly or just after heating. It includes all restaurant products, beverages, egg meals, skinny omelets, sandwiches and burgers, smoothies, and others. Ready eat food is convenient to eat all time but sometimes it requires special handling regarding food safety.
Highlights from Ready Eat Food Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
The Global Ready Eat 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.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Nomad Foods Ltd (United Kingdom) and McCain Foods Limited (Canada). Ready Eat Food Market Segmentation:
Scope | Sub-Segments |
---|
Type | Salads, Cooked meats, Smoked fish, Desserts, Sandwiches and Others |
Distribution Channel | Online Channel,Supermarkets,Hypermarkets,Convenience Stores |
Packaging Type | Pouch,Can,Others |
On the basis of geography, the market of Ready Eat 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). 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 and Technology Is Disrupting the Ready Eat Food Service and Catering System
Market Growth Drivers:
Increasing Consumer Preference towards Tasty and Ready Eat 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 Eat Food Market and Stringent Regulatory Standards Related to Packaging and Labelling of On the Go Breakfast Products
Restraints:
Allergy related Risk Associated with Consumption of Ready Eat Food
Opportunities:
Introduction of a Wide Range of Varieties in Food Products will create Opportunities for Ready Eat Food Market and Increasing Consumer Inclination Due to Healthy, Hygienic Food and Advance Packaging
Key Target Audience
Ready Eat Food Manufacturers, Ready Eat Food Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 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 Nestlιs efforts to grab the new opportunities with new trends like healthy hydration.
On 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.
According to Guobiao standards, The materials which directly contact with food must not release their constituents into the food products which can harm the human health or change food composition, smell and taste.