Opportunities in the Global Prepared Meals Sector 2024

PUBLISHED: May 20, 2024

PAGES: 164 Pages

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The global prepared meals sector was valued at $133 billion in 2023 and is forecast to record a compound annual growth rate (CAGR) of 6.4% during 2023-28, and reach $181.6 billion in 2028. The Americas represented the largest region in the sector in 2023, with a value share of 44%, followed by Western Europe with 27%. In 2023, ready meals was the largest category, accounting for 71.9% of overall global value sales, distantly followed by pizza and meal kits at 24.8% and 3.3%, respectively. The top five companies in the global prepared meals sector together accounted for a combined value share of 28.4% in 2023. The sector was led by Nestle, which held a value share of 13.6%, followed by Conagra Brands with 5.7% and Nissin Foods Holdings with 4.2%. Hypermarkets & supermarkets was the leading distribution channel in the global prepared meals sector in 2023, with a value share of 67.5%, followed by convenience stores with 19.9%.

This report brings together multiple data sources to provide a comprehensive overview of the global prepared meals sector, analyzing data from 106 countries. It includes analysis on the following -

Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
Change in consumption: Provides an overview of consumption changes in the prepared meals sector over 2018-28 at global and regional levels.
High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.

Scope

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.

Reasons to Buy

Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the prepared meals sector.
The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.

Product Code: GDCG240008GS

Executive Summary
Sector Overview
Global Overview
Americas Overview
Asia-Pacific Overview
Eastern Europe Overview
MEA Overview
Western Europe Overview
Prepared meals: Global Challenges
Shift in Food Value Share Patterns
Change in Value Share in the Overall Food Industry, 2023-28
Reasons for Shift in Value Share
Change in Consumption Levels: Americas, 2018-28
Change in Consumption Levels: Asia-Pacific, 2018-28
Change in Consumption Levels: Eastern Europe, 2018-28
Change in Consumption Levels: MEA, 2018-28
Change in Consumption Levels: Western Europe, 2018-28
Identifying High-Potential Countries by Region
Identifying High-Potential Countries by Region
Methodology - Identifying High-Potential Countries
Country Deep Dive
High-Potential Country Analysis
Future Outlook
Health & Wellness Analysis
Health & Wellness Analysis - Global & Regional
Competitive Environment
Leading Companies by Value - Global
Leading Companies and Brands Share Analysis - Global
Leading Companies and Brands Share Analysis by Region
Competitive Landscape - Market Analysis
Key Brands - Ready Meals
Key Brands - Pizza
Key Brands - Meal Kits
Market Share of Private Labels
Private Labels' Share Analysis by Region
Private Labels' Share Analysis by Category
Key Distribution Channels
Share of Key Distribution Channels - Global and Regional Level
Key Packaging Formats
Growth Analysis by Key Pack Material and Pack Type
Growth Analysis by Closure Type and Primary Outer Type
Select Industry Metrics
Global Patent Filings
Global Job Analytics
Global Deals

Appendix

Definitions
About GlobalData

Product Code: GDCG240008GS

List of Tables

Key categories by value and volume, 2023-28 - Global
Key categories by value and volume, 2023-28 - Asia-Pacific
Key categories by value and volume, 2023-28 - MEA
Key categories by value and volume, 2023-28 - Americas
Key categories by value and volume, 2023-28 - Western Europe
Key categories by value and volume, 2023-28 - Eastern Europe
Brazil: Category share
Canada: Category share
United States of America: Category share
Australia: Category share
Japan: Category share
Czech Republic: Category share
Romania: Category share
South Africa: Category share
United Kingdom: Category share
Sweden: Category share
Leading companies in global prepared meals sector (% share by value), 2023
Key pack material volume share (%), 2023
Annual volume growth by pack material (%), 2018-28
Key pack type volume share (%), 2023
Annual volume growth by pack type (%), 2018-28
Key closure type volume share (%), 2023
Annual volume growth by closure type (%), 2018-28
Key primary outer type volume share (%), 2023
Annual volume growth by primary outer type (%), 2018-28

List of Figures

Change in consumption levels in overall prepared meals sector, 2018-28
Change in consumption levels in overall prepared meals sector - Asia-Pacific, 2018-28
Change in consumption levels in overall prepared meals sector - MEA, 2018-28
Change in consumption levels in overall prepared meals sector - Americas, 2018-28
Change in consumption levels in overall prepared meals sector - Western Europe, 2018-28
Change in consumption levels in overall prepared meals sector - Eastern Europe, 2018-28
Identifying high-potential countries, risk-reward analysis - Asia-Pacific
Identifying high-potential countries, risk-reward analysis - MEA
Identifying high-potential countries, risk-reward analysis - Americas
Identifying high-potential countries, risk-reward analysis - Western Europe
Identifying high-potential countries, risk-reward analysis - Eastern Europe
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - Global
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - Asia-Pacific
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - MEA
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - Americas
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - Western Europe
Top five companies' shares by brand (in value terms) in the prepared meals sector, 2023 - Eastern Europe
Key brands - ready meals, 2023
Key brands - pizza, 2023
Key brands - meal kits, 2023
Private label value and share by region, 2018-23
Private label value and share by category, 2023
Leading distribution channels by region (% share by value), 2023