PUBLISHER: The Insight Partners | PRODUCT CODE: 1510650
PUBLISHER: The Insight Partners | PRODUCT CODE: 1510650
North America Ready-to-Eat Meals Market Forecast to 2030 - Regional Analysis - by Type, Category, and End User
The North America ready-to-eat meals market was valued at US$ 132,214.56 million in 2022 and is expected to reach US$ 195,418.21 million by 2030; it is estimated to record a CAGR of 5.0% from 2022 to 2030.
Escalating Sales of Ready-to-Eat Meals through Online Channels Drive the North America Ready-to-Eat Meals Market
Consumers are increasingly seeking healthy, nutritious food options, which has surged the demand for healthy alternatives to conventional foods, such as lactose-free, vegan, gluten-free, lactose-free, high-fiber, high-protein, or low-calorie ready-to-eat meals. Growing demand for healthy food has prompted manufacturers to develop and expand product portfolios according to specific customer requirements. Consumers are more concerned about synthetic additives in food products. Thus, the preference for naturally made products is increasing. Manufacturers are enhancing their product portfolio by launching ready-to-eat meals infusing natural ingredients.
According to data published by Veganuary, a non-profit organization encouraging people to adopt a vegan diet for January, ~5.8 million people signed up for the "Veganuary Campaign" in 2021. The growing adoption of a plant-based diet has prompted manufacturers to develop healthy and nutritious plant-based alternatives to conventional meals. For instance, the Nestle-owned brand "Freshly" launched an entirely vegan meal line in August 2021. Under its new Purely Plant menu, the chef-prepared meal delivery service offers six options developed to showcase the nutritional benefits and delicious possibilities of plant-based foods. Thus, the growing consumers' inclination toward healthy diets and clean labels has prompted manufacturers to expand product offerings, fueling the North America ready-to-eat meals market growth globally.
North America Ready-to-Eat Meals Market Overview
The North America ready-to-eat meals market is segmented into the US, Canada, and Mexico. The regional market is influenced by multiple factors such as increasing disposable income, rising spending on convenience food categories and on-the-go food options. Growing emphasis on health-conscious choices propels the demand for ready-to-eat meal options such as rice bowls, wraps, salads, burritos, gravies, and curries made with fresh and nutritious ingredients. Meat entrees and chicken burgers and sandwiches are preferred by health-conscious consumers seeking protein-rich food options. Rising preference for healthy options and ethical considerations drive the demand for organic, gluten-free, and sustainably sourced ingredients in the ready-to-eat products. Ready-to-eat roasted vegetables, mashed vegetables, and vegetable rolls gain immense popularity across North America owing to the rising inclination toward plant-based diets and healthier alternatives. Also, with rising health concerns, people significantly avoid junk food. Therefore, the demand for healthy and nutritious ready-to-eat meals is rising across the food service sector in North America.
Busy urban population is inclined toward convenience food. According to the US Bureau of Labor Statistics (BLS), 69% of the people worked from the office in 2022. Ready-to-eat meals offer convenient solutions, allowing working professionals and other people to quickly access and consume food without spending time on cooking and preparing. Thus, working people are shifting toward ready-to-eat meals to save cooking time and effort, driving the North America ready-to-eat market growth. Since the COVID-19 pandemic, the convenience of online platforms has contributed to the increasing sales of ready-to-eat meals in North America. According to the Food Industry Association (FIA) and American Frozen Food Institute (AFFI), in 2020, ready-to-eat meal sales increased by 21%, and 39% of consumers were recorded as core ready-to-eat meal shoppers, as they consumed frozen ready-to-eat foods daily or every few days during the pandemic. Also, various corporates apply for meal subscriptions containing rice bowls, RTE burgers, frozen meat entrees, and other items to provide their employees with healthy and quick food options. With rising demand for RTE meal subscriptions, emerging market players adopt merger and acquisition, partnership, and collaboration strategies to expand their market share and meet the rising demand. In November 2020, Factor, America's leading ready-to-eat meal delivery service, acquired HelloFresh, another emerging meal kit delivery service in the region intending to expand its competitive position in the market. Thus, strategic developments by players are expected to open new opportunities in the North America ready-to-eat meals market in the coming years.
North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
North America Ready-to-Eat Meals Market Segmentation
The North America ready-to-eat meals market is segmented based on type, category, end user, and country.
Based on type, the North America ready-to-eat meals market is segmented into rice bowls, wraps, salads, burritos, gravies and curries, noodles and pastas, pizza, soups and stews, meat entrees, burgers, sandwiches, and others. The noodles and pastas segment held the largest share in 2022.
By category, the North America ready-to-eat meals market is bifurcated into gluten-free and conventional. The conventional segment held a larger share in 2022.
By end-use industry, the North America ready-to-eat meals market is segmented into HoReCa, institutions, households, and others. The HoReCa segment held the largest share in 2022.
Based on country, the North America ready-to-eat meals market is segmented into the US, Canada, and Mexico. The US dominated the North America ready-to-eat meals market in 2022.
Calavo Growers Inc, Dandee Sandwich Co, EA Sween Co, Fresh Grill Foods LLC, FreshRealm LLC, Hearthside Food Solutions LLC, Taylor Fresh Foods Inc, TripleSticks Inc, and Tyson Foods Inc are some of the leading companies operating in the North America ready-to-eat meals market.
Table Of Contents
Table of Content
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 3.4 Limitations and Assumptions:
4. North America Ready-to-Eat Meals Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Ready-to-Eat Meals Manufacturers
- 4.3.1 Distributors/Suppliers
- 4.3.2 End Users
- 4.4 List of Vendors
5. North America Ready-to-Eat Meals Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand for Convenience Food
- 5.1.2 Escalating Sales of Ready-To-Eat Meals through Online Channels
- 5.1.3 Availability of Products as per Changing Consumer Preferences
- 5.2 Market Restraints
- 5.2.1 Risk of Microbial Contamination
- 5.3 Market Opportunities
- 5.3.1 Increasing Usage of Ready-to-Eat Meals by the Food Service Sector
- 5.4 Future Trends
- 5.4.1 Innovation in Packaging Technology
- 5.5 Impact Analysis of Drivers and Restraint
6. Ready-to-Eat Meals Market - North America Market Analysis
- 6.1 North America Ready-to-Eat Meals Market Revenue (US$ Billion)
- 6.2 North America Ready-to-Eat Meals Market Forecast and Analysis (2020-2030)
7. North America Ready-to-Eat Meals Market Analysis - Type
- 7.1 Rice Bowls
- 7.1.1 Overview
- 7.1.2 Rice Bowls: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.2 Wraps
- 7.2.1 Overview
- 7.2.2 Wraps: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.3 Salads
- 7.3.1 Overview
- 7.3.2 Salads: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.4 Burritos
- 7.4.1 Overview
- 7.4.2 Burritos: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.5 Gravies and Curries
- 7.5.1 Overview
- 7.5.2 Gravies and Curries: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.6 Noodles and Pastas
- 7.6.1 Overview
- 7.6.2 Noodles and Pastas: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.7 Pizza
- 7.7.1 Overview
- 7.7.2 Pizza: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.8 Soups and Stews
- 7.8.1 Overview
- 7.8.2 Soups and Stews: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.9 Meat Entrees
- 7.9.1 Overview
- 7.9.2 Meat Entrees: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.10 Burgers
- 7.10.1 Overview
- 7.10.2 Burgers: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.11 Sandwiches
- 7.11.1 Overview
- 7.11.2 Sandwiches: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 7.12 Others
- 7.12.1 Overview
- 7.12.2 Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
8. North America Ready-to-Eat Meals Market Revenue Analysis - By Category
- 8.1 Overview
- 8.2 Gluten-Free
- 8.2.1 Overview
- 8.2.2 Gluten-Free: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 8.3 Conventional
- 8.3.1 Overview
- 8.3.2 Conventional: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
9. North America Ready-to-Eat Meals Market Revenue Analysis - By End User
- 9.1 Overview
- 9.2 HoReCa
- 9.2.1 Overview
- 9.2.2 HoReCa: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 9.3 Institutions
- 9.3.1 Overview
- 9.3.2 Institutions: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 9.4 Households
- 9.4.1 Overview
- 9.4.2 Households: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- 9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
10. North America Ready-to-Eat Meals Market - Country Analysis
- 10.1 North America Ready-to-Eat Meals Market Revenue and Forecasts and Analysis - By Countries
- 10.1.1 North America Ready-to-Eat Meals Market Revenue and Forecasts and Analysis - By Countries
- 10.1.1.1 North America Ready-to-Eat Meals Market Breakdown by Country
- 10.1.1.2 US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.1.2.1 US: North America Ready-to-Eat Meals Market Breakdown by Type
- 10.1.1.2.2 US: North America Ready-to-Eat Meals Market Breakdown by Category
- 10.1.1.2.3 US: North America Ready-to-Eat Meals Market Breakdown by End User
- 10.1.1.3 Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.1.3.1 Canada: North America Ready-to-Eat Meals Market Breakdown by Type
- 10.1.1.3.2 Canada: North America Ready-to-Eat Meals Market Breakdown by Category
- 10.1.1.3.3 Canada: North America Ready-to-Eat Meals Market Breakdown by End User
- 10.1.1.4 Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.1.4.1 Mexico: North America Ready-to-Eat Meals Market Breakdown by Type
- 10.1.1.4.2 Mexico: North America Ready-to-Eat Meals Market Breakdown by Category
- 10.1.1.4.3 Mexico: North America Ready-to-Eat Meals Market Breakdown by End User
- 10.1.1 North America Ready-to-Eat Meals Market Revenue and Forecasts and Analysis - By Countries
11. Competitive Landscape
- 11.1 Heat Map Analysis By Key Players
- 11.2 Company Positioning & Concentration
12. Company Profiles
- 12.1 Tyson Foods Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Fresh Grill Foods LLC
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Dandee Sandwich Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Taylor Fresh Foods Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Calavo Growers Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Hearthside Food Solutions LLC
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 EA Sween Co
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 FreshRealm LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 TripleSticks Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
13. Appendix
List Of Tables
- Table 1. North America Ready-to-Eat Meals Market Segmentation
- Table 2. List of Vendors in Value Chain
- Table 3. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- Table 4. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - Type
- Table 5. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - Category
- Table 6. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - End User
- Table 7. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Type
- Table 8. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Category
- Table 9. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By End User
- Table 10. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Type
- Table 11. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Category
- Table 12. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By End User
- Table 13. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Type
- Table 14. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By Category
- Table 15. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) - By End User
List Of Figures
- Figure 1. North America Ready-to-Eat Meals Market Segmentation, By Country
- Figure 2. Porter's Five Forces Analysis: North America Ready-to-Eat Meals Market
- Figure 3. Ecosystem: North America Ready-to-Eat Meals Market
- Figure 4. North America Ready-to-Eat Meals Market - Key Industry Dynamics
- Figure 5. North America Ready-to-Eat Meals Market Impact Analysis of Drivers and Restraints
- Figure 6. North America Ready-to-Eat Meals Market Revenue (US$ Billion), 2020 - 2030
- Figure 7. North America Ready-to-Eat Meals Market Share (%) - Type, 2022 and 2030
- Figure 8. Rice Bowls: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 9. Wraps: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 10. Salads: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 11. Burritos: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 12. Gravies and Curries: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 13. Noodles and Pastas: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 14. Pizza: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 15. Soups and Stews: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 16. Meat Entrees: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 17. Burgers: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 18. Sandwiches: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 19. Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 20. North America Ready-to-Eat Meals Market Revenue Share, By Category (2022 and 2030)
- Figure 21. Gluten-Free: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 22. Conventional: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 23. North America Ready-to-Eat Meals Market Revenue Share, By End User (2022 and 2030)
- Figure 24. HoReCa: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 25. Institutions: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 26. Households: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 27. Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
- Figure 28. North America Ready-to-Eat Meals Market Breakdown by Key Countries - Revenue (2022) (US$ Million)
- Figure 29. North America Ready-to-Eat Meals Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 30. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- Figure 31. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- Figure 32. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- Figure 33. Company Positioning & Concentration
- Figure 34. Heat Map Analysis by Key Players
