PUBLISHER: Value Market Research | PRODUCT CODE: 1578208
PUBLISHER: Value Market Research | PRODUCT CODE: 1578208
The global demand for Ready Meals Market is presumed to reach the market size of nearly USD 325.8 Billion by 2032 from USD 198.16 Billion in 2023 with a CAGR of 5.68% under the study period 2024-2032.
Ready meals refer to the instant food mix which is precooked and only requires reheating in order to eat them. They are also known as heat and serve food. They are an alternative to traditional cooking and take less time to prepare. There are different varieties of ready-to-eat food available, including soft cheese, hot dogs, luncheon meals, pre-cooked chicken and other meats. They are available throughout the year. Proper food handling and sanitation practices must be followed while preparing ready meals. They save the time needed to prepare a meal at home as well as are cost-effective.
The key factor driving the demand for ready meals market is the changing lifestyle of individuals and hectic work schedules. An increase in disposable income of people and a rising standard of living is surging the demand for this market. Changing consumer preferences towards ready meals because of the year-round availability, portability and convenience offered in terms of time and energy-saving are fostering the demand for this market. The use of ready meals as a low-cost alternative to junk food is propelling the demand for this market. Furthermore, increasing consumer interest in new products and ingredients is boosting the demand for this market. However, negative perspectives regarding the health effects of the ready meals can hamper the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Ready Meals. The growth and trends of Ready Meals industry provide a holistic approach to this study.
This section of the Ready Meals market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Ready Meals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Ready Meals market include Nestle, General Mills Inc., Kellogg Company, Conagra Brands Inc., Tyson Foods Inc., Dr. Oetker, Nomad Foods, Green Mill Foods, Unilever, 2 Sisters Food Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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