Industry Background:
Ready to eat meals are the meals cooked and bought at a shop but taken somewhere else, often home, to be heated and eaten. Changing the lifestyle of consumers and increasing employment opportunities growing this market.Ready-to-eat meals are being considered as the closest alternative to regular food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | General Mills (United States), Bakkavor Group Ltd (United Kingdom), Nomad Foods Ltd (Islands), McCain Foods (Canada), Premier Foods Group Ltd (United Kingdom), Orkla ASA (Norway), ConAgra Foods Inc. (United States) and ITC Limited (India) |
According to AMA, the market for Ready to Eat Meals is expected to register a CAGR of 8.9% during the forecast period to 2030. This growth is primarily driven by Increasing Urbanization and Changing Lifestyle across the World and Increasing Disposable Income in Emerging Countries.
Globally, a noticeable market trend is evident Rising Demand for Easy-to-Prepare Meals Major Vendors, such as General Mills (United States), Bakkavor Group Ltd (United Kingdom), Nomad Foods Ltd (Islands), McCain Foods (Canada), Premier Foods Group Ltd (United Kingdom), Orkla ASA (Norway), ConAgra Foods Inc. (United States) and ITC Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Rise of End User Industries such as dairy, bakery and confectionary has led to rise of quark powder market. Although Quark is mostly consumed in creamy form than in powder form by common households. But the processed food market, prefers powder form for better mixture. The market of Quark Powder is moderately consolidated one. Geographically, Europe is the biggest market of Quark Powder.
Key Developments in the Market:
In October 2021, Echelon, the connected fitness company revolutionizing the way people move, has announced an exclusive partnership with meal delivery company Eat Fit Go. The Echelon experience is known for providing real fitness solutions at every price point and Eat Fit Go provides real food for every lifestyle. This collaboration affords the Echelon community access to a truly comprehensive lifestyle program.
In September 2022, Siwar Foods has just launched a new gourmet range of meals, featuring low calorie and high protein dishes. The 'time saving' meals, bring consumers the convenience of being able to heat & eat a meal in minutes, with great taste and now with a healthier choice option.
Influencing Trend:
Rising Demand for Easy-to-Prepare Meals
Market Growth Drivers:
Increasing Urbanization and Changing Lifestyle across the World and Increasing Disposable Income in Emerging Countries
Challenges:
Government Regulations towards the Procurement of Raw Material
Restraints:
Rising Health Consciousness towards the Use of Cooked and Fresh Food
Opportunities:
Growth in Food and Beverage Sector and Increasing Working Professionals
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ready to Eat Meals Market
- Analysis about New Entrants in Ready to Eat Meals Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ready to Eat Meals Study Sheds Light on
The Ready to Eat Meals Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ready to Eat Meals industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ready to Eat Meals industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.