What is Gluten-Free Ready Meals?
Gluten-Free Ready Meals are meals that have been cooked somewhere else and then purchased by someone to consume directly. Because the process saves consumers' time and energy, the demand for this type of food is growing around the world. It is supported by people's increasing disposable income and changing lifestyles. Because of their hectic lifestyles, people around the world prefer small quantities of ready meals to traditional large meals. The market for gluten-free ready meals is expanding due to an increase in the number of working women and nuclear families, but it is also being hampered by rising consumer health consciousness. Gluten-Free Ready Meals are meals that are cooked and purchased in a store but then taken somewhere else, usually home, to be heated and eaten. Consumer lifestyle changes and increased employment opportunities are driving growth in this market. Gluten-Free Ready Meals are regarded as the closest substitute for regular food.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Conagra Brands, Inc. (United States), The Hain Celestial Group Inc. (United States), General Mills Inc. (United States), Kellogg Co. (United States), The Kraft Heinz Company (United States), Hero AG (Switzerland), Barilla G. e R. Fratelli S.p.A (Italy), Seitz glutenfrei (Germany), Freedom Foods Group Limited (Australia) and Ecotone (France) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Frozen Meal and Dried Meal) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Gluten-Free Ready Meals market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Gluten-Free Ready Meals market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Conagra Brands, Inc. (United States), The Hain Celestial Group Inc. (United States), General Mills Inc. (United States), Kellogg Co. (United States), The Kraft Heinz Company (United States), Hero AG (Switzerland), Barilla G. e R. Fratelli S.p.A (Italy), Seitz glutenfrei (Germany), Freedom Foods Group Limited (Australia) and Ecotone (France).
Market Overview:
On 15th January 2021, Post Holdings, Inc. and Conagra Brands, Inc. announced the completion of Post's previously announced acquisition of Conagra's Peter Pan peanut butter brand. Post Holdings, Inc. is a consumer packaged goods holding company headquartered in St. Louis, Missouri, that operates in the center-of-the-store, refrigerated, foodservice, food ingredient, and convenient nutrition food categories. Post-Consumer Brands, Weetabix, Michael Foods, Bob Evans Farms, and BellRing Brands are among its subsidiaries.
The Food Safety and Standards (Food Products Standards and Additives) Regulation has proposed changes to standards relating to gluten and non-gluten foods. Regulations 2.14 and 2.15 will be added to the existing regulations and will be known as Amendment Regulations after publication in the Official Gazette. The product does not contain wheat or any of its additives and must bear the label declaration required by sub-regulation 2.4.5 of the Food Safety and Quality (Packaging and Labelling) Regulations.
The global gluten-free ready meals market is relatively aggregated among a few key players; however, private-label brands also account for a significant portion. Expanding one's market presence in emerging economies has been a useful strategy behind significant companies' growth in recent years. Companies are catering to the health needs of the people in these economies as income levels rise and knowledge about the consumption of healthy food grows. Launching new and innovative products as well as expanding product portfolios of assets through mergers and acquisitions have been critical strategies for key players such as Conagra, Amy's Kitchen, Inc., and Nestle to increase market penetration.
Gluten-Free Ready Meals Market Dynamics:
Attributes | Details |
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Growth Drivers | - High Consumption of Gluten-Free Ready Meals in the Developed Countries
- Expanding of Habit of Eating Convenience Foods in the Western World and Quickly
- Less Preparation Time Which Makes it Purchase at Higher Rate
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Major Trends | - Emerging Trend of Gluten-Free Ready Meals Due to Adoption of Plant-based Lifestyle
- Growing Demand Due to Rising Demand for Convenient Culinary Products
- Need for More leisure Time is driving the Rise in Convenience Food Consumption
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Restraints | - Compared to Freshly Baked Gluten-Free, Frozen Meal is Often More Expensive
- Individual Producers Participate in Price Wars and Charge Prices According to Their Preferences in an Oligopolistic Market
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Road Blocks / Challenges | - Availability of Number of Global Manufacturers
- Existence of a Diverse International and Regional Vendor Base Characterizes the Market
- Market Participants' Expansion will be hampered by the Storage of Frozen Food Products
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Gaps & Opportunities | - Launch of New Variety and Texture by the Manufacturers
- Developing New Food Products through Investing in Research and Development
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Key highlights of the Global Gluten-Free Ready Meals market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Gluten-Free Ready Meals market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Gluten-Free Ready Meals market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Gluten-Free Ready Meals Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gluten-Free Ready Meals market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Gluten-Free Ready Meals market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Gluten-Free Ready Meals Manufacturer, Gluten-Free Ready Meals Distributors and Suppliers, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.