Ready-to-Eat Food Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently unveiled an insightful report on the global Ready-to-Eat (RTE) Food Market. The substantial growth observed in this market underscores the increasing demand for convenient, time-saving meal solutions, driven by changing consumer lifestyles, urbanization, and growing preference for on-the-go consumption. Ready-to-eat foods offer consumers a convenient and hassle-free option for quick meals, snacks, and ready-made meals, catering to busy lifestyles, hectic schedules, and the need for instant gratification.

The global Ready-to-Eat Food market is forecast to expand at a CAGR of 8.6% and thereby increase from a value of US$0.49 billion in 2023 to US$0.87 billion by the end of 2030.

Key Insights:

Ready-to-Eat Food Market Size (2023E): US$0.49 Billion
Projected Market Value (2030F): US$0.87 Billion
Global Market Growth Rate (CAGR 2023 to 2030): 8.6%
Historical Market Growth Rate (CAGR 2018 to 2022): 8.2%

Ready-to-Eat Food Market - Report Scope:

The Ready-to-Eat Food Market report provides a comprehensive analysis of market dynamics, focusing on historical trends and future projections. Ready-to-eat foods encompass a wide range of products, including canned foods, frozen meals, pre-packaged snacks, microwaveable meals, and convenience foods, offering consumers a variety of options for quick and convenient meals. The report delves into various aspects of the ready-to-eat food market, including factors driving market growth, key market players, and emerging trends shaping the industry landscape.

Market Growth Drivers for Ready-to-Eat Food Market:

The increasing pace of modern life, coupled with rising urbanization and changing dietary habits, drives demand for ready-to-eat foods as convenient meal solutions. Ready-to-eat foods offer consumers the convenience of instant meals, snacks, and appetizers that require minimal preparation time, catering to busy lifestyles, working professionals, students, and on-the-go consumers. The availability of a wide range of ready-to-eat options, including international cuisines, gourmet dishes, and health-focused meals, appeals to diverse consumer preferences and dietary needs, driving market adoption and innovation.

Furthermore, advancements in food processing, packaging, and preservation technologies enhance the quality, safety, and shelf-life of ready-to-eat foods, ensuring freshness, flavor, and nutritional value. Features such as microwaveable packaging, resealable pouches, and portion-controlled servings enhance convenience, portability, and portion control, contributing to market growth and consumer satisfaction.

Market Restraints:

Despite the positive market outlook, the ready-to-eat food market faces challenges related to health and nutrition concerns, food safety issues, and environmental sustainability. Ready-to-eat foods, particularly processed and packaged products, may contain high levels of salt, sugar, fat, and preservatives, raising concerns about their nutritional quality and contribution to diet-related health issues such as obesity, diabetes, and cardiovascular disease.

Moreover, food safety concerns, including contamination, spoilage, and foodborne illnesses, may impact consumer trust and confidence in ready-to-eat food products, particularly in light of high-profile food recalls and safety incidents. Addressing health and nutrition concerns through product reformulation, clean label initiatives, and transparent labeling practices is essential to build consumer trust and credibility in the ready-to-eat food market.

Market Opportunities:

Amidst the challenges lie opportunities for innovation and market expansion within the ready-to-eat food market. Leveraging advancements in food science, culinary innovation, and ingredient technology can lead to the development of healthier, tastier, and more nutritious ready-to-eat options, addressing consumer demand for convenient yet wholesome meal solutions. Developing ready-to-eat foods with clean label ingredients, natural flavors, and functional nutrients can appeal to health-conscious consumers seeking better-for-you options.

Furthermore, expanding product portfolios to include specialized ready-to-eat options for specific dietary preferences and lifestyle needs, such as gluten-free, vegan, organic, and keto-friendly options, can broaden market reach and capture new consumer segments. Collaborations, partnerships, and strategic alliances between ready-to-eat food manufacturers, foodservice providers, retailers, and e-commerce platforms can enhance distribution channels, brand visibility, and market penetration, driving adoption and market growth in the dynamic ready-to-eat food market.

Key Questions Answered in Report::

What is the Forecast CAGR of the Ready-to-Eat Food Market in 2030?
What is the Global Market Size of Ready-to-Eat Foods as of the End of 2023?
Which Region Dominated the Ready-to-Eat Food Market in 2023?
Who are the Key Players in the Global Ready-to-Eat Food Market?
Which Ready-to-Eat Food Segments Hold the Largest Opportunities for Market Integration?

Competitive Intelligence and Business Strategy:

In navigating the competitive landscape, companies in the Ready-to-Eat Food Market must leverage competitive intelligence and strategic business initiatives. Understanding market dynamics, consumer preferences, and competitor strategies is essential for informed decision-making and market positioning.

Furthermore, investing in product innovation, recipe development, and culinary expertise can help ready-to-eat food manufacturers differentiate their offerings, gain consumer trust, and drive market adoption. By focusing on quality, taste, and nutritional value, companies can overcome barriers to adoption, enhance consumer satisfaction, and sustain competitive advantage in the evolving landscape of ready-to-eat food solutions.

Key Companies Profiled:

Nestle
Tyson Foods
Campbell Soup Company
Conagra Brands
General Mills
Kellogg's
Amy's Kitchen
Dr. Oetker
Nomad Foods
Unilever
Kraft Heinz

Ready-to-Eat Food Market Research Segmentation:

Market segmentation based on product type, distribution channel, packaging type, and region provides valuable insights into key market segments and regional dynamics. By understanding the unique requirements of different consumer segments and geographic markets, companies can develop targeted strategies to address market demands effectively, thereby gaining a competitive edge and driving growth in the Ready-to-Eat Food Market.

By Product Type:

Vegetable-Based
Cereal Based
Meat/Poultry
Others

By Packaging:

Canned
Retort
Frozen or Chilled
Others

By Distribution Channel:

Online Store
Departmental/ Convenience Store
Specialty Store
Supermarket/ Hypermarket
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33864

1. Executive Summary

1.1. Global Ready-to-Eat Food Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Ready-to-Eat Food Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Ready-to-Eat Food Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Vegetable-Based
  - 3.3.3.2. Cereal Based
  - 3.3.3.3. Meat/Poultry
  - 3.3.3.4. Others
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Ready-to-Eat Food Market Outlook: Packaging
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Packaging, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
  - 3.5.3.1. Canned
  - 3.5.3.2. Retort
  - 3.5.3.3. Frozen or Chilled
  - 3.5.3.4. Others
3.6. Market Attractiveness Analysis: Packaging
3.7. Global Ready-to-Eat Food Market Outlook: Distribution Channel
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Distribution Channel, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
  - 3.7.3.1. Online Store
  - 3.7.3.2. Departmental/ Convenience Store
  - 3.7.3.3. Specialty Store
  - 3.7.3.4. Supermarket/ Hypermarket
  - 3.7.3.5. Others
3.8. Market Attractiveness Analysis: Distribution Channel

4. Global Ready-to-Eat Food Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Packaging
- 5.3.4. By Distribution Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Vegetable-Based
- 5.5.2. Cereal Based
- 5.5.3. Meat/Poultry
- 5.5.4. Others
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 5.6.1. Canned
- 5.6.2. Retort
- 5.6.3. Frozen or Chilled
- 5.6.4. Others
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 5.7.1. Online Store
- 5.7.2. Departmental/ Convenience Store
- 5.7.3. Specialty Store
- 5.7.4. Supermarket/ Hypermarket
- 5.7.5. Others
5.8. Market Attractiveness Analysis

6. Europe Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Packaging
- 6.3.4. By Distribution Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Vegetable-Based
- 6.5.2. Cereal Based
- 6.5.3. Meat/Poultry
- 6.5.4. Others
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 6.6.1. Canned
- 6.6.2. Retort
- 6.6.3. Frozen or Chilled
- 6.6.4. Others
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 6.7.1. Online Store
- 6.7.2. Departmental/ Convenience Store
- 6.7.3. Specialty Store
- 6.7.4. Supermarket/ Hypermarket
- 6.7.5. Others
6.8. Market Attractiveness Analysis

7. East Asia Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Packaging
- 7.3.4. By Distribution Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Vegetable-Based
- 7.5.2. Cereal Based
- 7.5.3. Meat/Poultry
- 7.5.4. Others
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 7.6.1. Canned
- 7.6.2. Retort
- 7.6.3. Frozen or Chilled
- 7.6.4. Others
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 7.7.1. Online Store
- 7.7.2. Departmental/ Convenience Store
- 7.7.3. Specialty Store
- 7.7.4. Supermarket/ Hypermarket
- 7.7.5. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Packaging
- 8.3.4. By Distribution Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Vegetable-Based
- 8.5.2. Cereal Based
- 8.5.3. Meat/Poultry
- 8.5.4. Others
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 8.6.1. Canned
- 8.6.2. Retort
- 8.6.3. Frozen or Chilled
- 8.6.4. Others
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 8.7.1. Online Store
- 8.7.2. Departmental/ Convenience Store
- 8.7.3. Specialty Store
- 8.7.4. Supermarket/ Hypermarket
- 8.7.5. Others
8.8. Market Attractiveness Analysis

9. Latin America Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Packaging
- 9.3.4. By Distribution Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Vegetable-Based
- 9.5.2. Cereal Based
- 9.5.3. Meat/Poultry
- 9.5.4. Others
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 9.6.1. Canned
- 9.6.2. Retort
- 9.6.3. Frozen or Chilled
- 9.6.4. Others
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 9.7.1. Online Store
- 9.7.2. Departmental/ Convenience Store
- 9.7.3. Specialty Store
- 9.7.4. Supermarket/ Hypermarket
- 9.7.5. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Ready-to-Eat Food Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Packaging
- 10.3.4. By Distribution Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Vegetable-Based
- 10.5.2. Cereal Based
- 10.5.3. Meat/Poultry
- 10.5.4. Others
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Packaging, 2023 - 2030
- 10.6.1. Canned
- 10.6.2. Retort
- 10.6.3. Frozen or Chilled
- 10.6.4. Others
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 10.7.1. Online Store
- 10.7.2. Departmental/ Convenience Store
- 10.7.3. Specialty Store
- 10.7.4. Supermarket/ Hypermarket
- 10.7.5. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Nestle
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Tyson Foods
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Campbell Soup Company
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Conagra Brands
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. General Mills
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
  - 11.3.5.6. Kellogg's Overview
  - 11.3.5.7. Segments and Product
  - 11.3.5.8. Key Financials
  - 11.3.5.9. Market Developments
  - 11.3.5.10. Market Strategy
- 11.3.6. Amy's Kitchen
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Dr. Oetker
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Nomad Foods
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Unilever
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Kraft Heinz
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations