Report Format: PDF
Published Date: Dec-2018 | 121 Pages | Report ID: ARS0056
(Pages 121), The Global Ready To Eat Meal Market was exhibited significant grow and will generate revenues of the USD xx Billion up to 2025 in coming years. The average growth of the global market is expected to XX. XX% CAGR from 2017-2025, as reported in the latest study by our industry experts and analyst.
Global Ready To Eat Meal Market: Introduction
Ready to eat meal is induced from plants and animals and are processed in specific way. As per the Food and Drug Administration (FDA), ready to eat meal went through processes including washing, cooking, freezing, cooling and processing before becoming market ready to be consumed by consumers. The demand for readymade meal has increased drastically in the fast two decades, due to changing lifestyle and food consumption choices and habits of people.
Global Ready To Eat Meal Market Size: Dynamics
The Ready To Eat Meal Market Size is expected to grow significantly and by 2026 it is projected to surpass the revenue of US$ 194.8 billion. The demand for readymade meal is anticipated to increase due to rising preference of consumers towards ready to eat meal, in order to save their time and labor required in traditional cooking. Rapid urbanization and busy lifestyle of people is fueling to the growth of the market. Furthermore, increasing expending power of customers, coupled with enormous ready to eat meal options available in market are boosting to the growth of the market. However, rising health consciousness among consumers and health hazards associated with excessive consumption of packaged and frozen food are some of the restraints for the growth of ready to eat meal market.
Global Ready To Eat Meal Market Size Analysis By Regions (2018-2025)
Meat and Frozen Food segments will be the rapidly growing segments over the forecast period:
Among products, ready to eat processed meat is expected to be leading the global ready to eat meal market due to rising demand of protein rich ready to eat meal by consumers, coupled with availability of wide variety of meat types in the market.
In 2016, ready to eat meat products accounted a major revenue share of 48% in the global ready to eat meal market. Advancement in food preservative technology has enabled the manufacturers and distributors to distribute high quantity of processed meat in the market, which is also aiding to the growth of the segment.
In terms of packaging, frozen ready to eat meal is expected to dominate the market over the forecast period, owing to increased production and consumption of frozen food due to higher shelf-life of the frozen food.
Ready to Eat Meal Market Share: Regional Analysis
North America is expected to be dominating the global ready to eat meal market size due to presence of huge working population, who prefer food options that are less time consuming. Higher spending power of consumers in North America, coupled with presence of prominent market players such as McCain Foods and Bird’s Eye Ltd. are expected to be contributing greatly in the growth of the market. The market of ready to eat meal is expected to flourish rapidly in Asia Pacific due to rising population in countries such as India and China. Rising female working population in Asian countries is expected to fuel the growth of ready to eat meal market share in the region.
Global Ready To Eat Meal Market Growth: Key players
Key companies operating in global ready to eat meal market include General Mills, Premier Northern Foods Ltd., ITC Limited, Orkla ASA, Godrej Tyson Foods Ltd., Nomad Foods Ltd., Nestle, Bakkavor Foods Ltd., and MTR Foods.
Global Ready To Eat Meal Market Report Offer You!
Global Ready To Eat Meal Market Size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
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