About Frozen Ready Meal
The frozen ready meal is instant food which is convenient to have and also affordable, with the growing demand for ready to eat a meal, and the growing food industry the market is expecting growth, especially among working-class people who have lesser time to prepare food. The frozen ready meal is easily available in the online delivery platform in different type of cuisines .However, the market is experiencing some downfall because of the prevailing economic situation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Frozen Ready Meal market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Frozen Ready Meal market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Ready Meal 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.
Conagra Brands, Inc (United States), The Kraft Heinz Company (Primal Nutrition, LLC) (United States), Nestle S.A. (Switzerland), Greencore Group plc (Ireland), CSC Brand LP (United States), Tyson Foods, Inc. (United States), 2 Sisters Food Group (United Kingdom), Hormel Foods Corporation (United States), Amy's Kitchen (United States), McCain Foods Limited (Canada), FRoSTA AG (Germany) and Maple Leaf Foods Inc. (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Ready Meal market by Type (Beef Meals, Chicken Meals, Pizza and Others) and Region.
On the basis of geography, the market of Frozen Ready Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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. Vegan will boost the Frozen Ready Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Chinese & Oriental will boost the Frozen Ready Meal 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. Supermarket will boost the Frozen Ready Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Frozen Ready Meal among Working-Class People
Market Growth Drivers:
Increasing Demand for the Ready-to-Eat Meal Worldwide, Growing Food and Beverage Industry and Increasing Population Across the World
Challenges:
Stiff Competition in Frozen Ready Meal Market with Low Price and Low-Quality Frozen Ready Meal
Restraints:
Diminished Nutrient and Vitamin Content Might be the Problems with Frozen Ready Meal
Opportunities:
Advanced Packaging and Increased Distribution Channels will Boost the Frozen Ready Meal Market and Surging Demand for Frozen Ready Meal from the Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, Nestlé announced that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at USD 950 million, with potential earnouts up to USD 550 million contingent to the successful growth of the business.
In March 2020, Launching at retailers in Spring 2020, The Kraft Heinz Company's Primal Kitchen Bowl and Skillet Meals bring a new level of premium, real-ingredient meals to the frozen aisle. Meeting the strict PRIMAL KITCHEN nutritional standards, each entrée is made with real, high-quality ingredients like cage-free dark meat chicken or grass-fed, pasture-raised beef (raised without antibiotics or hormones) and a variety of vegetables. Each of the six new frozen items from PRIMAL KITCHEN is paleo-friendly, Certified Gluten-Free, Whole30 Approved, and made without grains, soy, dairy, refined sugar, or artificial ingredients.
Key Target Audience
Frozen Ready Meal Providers, Frozen Ready Meal Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.