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Ready-to-Eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016-2026

Ready-to-Eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016-2026

The Food and Drug Administration (FDA) defines ready-to-eat food as animal or plant derived food that is cooked, frozen, washed, cooked for hot holding, cooled, and processed to be consumed directly or after heating. Ready-to-eat food must comply with all USDA guidelines related to processing, washing, drying, cooling, freezing, and packaging. In terms of value, the global ready-to-eat food products market is expected to expand at a CAGR of 7.2% during the forecast period (2016–2026) and is estimated to be valued at US$ 195.3 Bn by the end of 2026.

The global ready-to-eat food products market is segmented on the basis of Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others), Packaging (Canned, Frozen or Chilled, Retort, Others), and Distribution Channel (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others). On the basis of product type, the Meat/Poultry segment is projected to account for the largest value share during the forecast period; this segment is estimated to account for 45.7% value share in 2016. In the packaging category, the Frozen or Chilled segment is likely to expand at a CAGR of 8.0% over the forecast period. In the distribution channel category, the Hypermarket/Supermarket segment is estimated to account for the highest value share of 34.3% in 2016 and is expected to gain significant market share by the end of 2026.

Key market drivers and trends

Factors such as increasing population of working women, growing millennial population, busy work schedules, and on-the-go consumption habits are expected to fuel revenue growth of the global ready-to-eat food products market. Also, the increase in disposable income and consumer preferences for healthy and convenient food coupled with the rising demand for snacks and fried food products are expected to further boost the demand for ready-to-eat food products. Globally, the growth of organised retail has led to a widespread supply of ready-to-eat food products through a wide distribution network. These factors are expected to bolster the growth of the global ready-to-eat food products market in the coming years. However, unhealthy substitutes and low quality and taste along with an increasing shift towards a healthier lifestyle is likely to hinder market growth in the coming years.

Regional market projections

The global ready-to-eat food products market is segmented into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The APEJ market is likely to contribute a high revenue share to the global ready-to-eat food products market. APEJ is estimated to hold 18.2% value share in 2016 and this is likely to increase to 20.4% by 2026. Among all regions, North America is estimated to represent the highest value share of 40.1% in 2016 and is expected to register a CAGR of 7.3% during the forecast period. Rise in disposable income coupled with on-the-go lifestyles among the growing population of Asia Pacific excluding Japan, Latin America, and Eastern Europe is expected to drive the growth of the global ready-to-eat food products market.

ready to eat food products market

Key market players

Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills Inc., McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc., Orkla ASA, ConAgra Foods, Inc., and ITC Limited are some of the leading companies operating in the global ready-to-eat food products market. Consumers today prefer small quantity of ready meals rather than conventional large meals. This has fuelled the demand for bite-sized on-the-go or ready-to-eat meals. This has pushed manufacturers to innovate and develop new ready-to-eat food products, which are better in taste and offer numerous health benefits. Market players are also offering natural and organic ready-to-eat food products with health benefits to woo a rising class of health conscious customers.


1. Ready-to-Eat Food Market Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Global Ready-to-Eat Food Market Value Chain
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.4. Global Ready-to-Eat Food Market Forecast, 2016–2026
4.4.1. Market Size (Value) Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
4.5. Market Trends
4.6. Key Regulations
4.7. Packaging Techniques Used in Ready to Eat Food
4.8. Global Market Snapshot (2015)
4.8.1. Market Overview, By Packaging
4.8.2. Market Overview By Product Type
4.8.3. Market Overview By Distribution Channel
4.8.4. Market Overview By Region
5. Global Market Analysis, By Packaging
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Packaging
5.1.2. Basis Point Share (BPS) Analysis, By Packaging
5.2. Market Forecast By Packaging
5.2.1. Canned
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast, By Region
5.2.2. Frozen or Chilled
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast, By Region
5.2.3. Retort
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast, By Region
5.2.4. Others
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value Forecast, By Region
5.3. Market Attractiveness By Packaging
5.4. Prominent Trends
6. Global Market Analysis, By Product
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Product
6.1.2. Basis Point Share (BPS) Analysis, By Product
6.2. Market Forecast By Product
6.2.1. Meat and Poultry
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast, By Region
6.2.2. Cereal Based
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast, By Region
6.2.3. Vegetable Based
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast, By Region
6.2.4. Others
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Value Forecast, By Region
6.3. Market Attractiveness Analysis, By Product
6.4. Prominent Trends
7. Global Market Analysis, By Distribution Channel
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By Distribution Channel
7.1.2. Basis Point Share (BPS) Analysis, By Distribution Channel
7.2. Market Forecast By Distribution Channel
7.2.1. Hypermarket/Supermarket
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Value Forecast, By Region
7.2.2. Convenience/ Departmental Store
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Value Forecast, By Region
7.2.3. Specialty Store
7.2.3.1. Absolute $ Opportunity
7.2.3.2. Market Value Forecast, By Region
7.2.4. Online Store
7.2.4.1. Absolute $ Opportunity
7.2.4.2. Market Value Forecast, By Region
7.3. Market Attractiveness By Distribution Channel
7.4. Prominent Trends
8. Global Market Analysis, By Region
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Region
8.1.2. Basis Point Share (BPS) Analysis, By Region
8.2. Market Forecast By Region
8.2.1. North America Market Value Forecast
8.2.2. Latin America Market Value Forecast
8.2.3. Asia Pacific Excl. Japan Market Value Forecast
8.2.4. Western Europe Market Value Forecast
8.2.5. Eastern Europe Market Value Forecast
8.2.6. Middle East & Africa Market Value Forecast
8.2.7. Japan Market Value Forecast
8.3. Regional Attractiveness Analysis
9. North America Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.1.3. Key Trends
9.2. North America Market Forecast
9.2.1. Market Value Forecast By Country
9.2.1.1. U.S. Absolute $ Opportunity
9.2.1.2. Canada Absolute $ Opportunity
9.2.2. Market Value Forecast By Packaging
9.2.2.1. Canned
9.2.2.2. Frozen or Chilled
9.2.2.3. Retort Packaging
9.2.2.4. Others
9.2.3. Market Value Forecast By Product
9.2.3.1. Meat and Poultry
9.2.3.2. Cereal Based
9.2.3.3. Vegetable Based
9.2.3.4. Others
9.2.4. Market Value Forecast By Distribution Channel
9.2.4.1. Hypermarket/Supermarket
9.2.4.2. Convenience/Departmental Store
9.2.4.3. Specialty Store
9.2.4.4. Online Store
9.2.5. Market Attractiveness Analysis
9.2.5.1. By Packaging
9.2.5.2. By Product
9.2.5.3. By Distribution Channel
9.2.5.4. By Country
9.2.6. Drivers & Restraints: Impact Analysis
10. Latin America Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.1.3. Key Trends
10.2. Latin America Market Forecast
10.2.1. Market Value Forecast By Country
10.2.1.1. Mexico Absolute $ Opportunity
10.2.1.2. Brazil Absolute $ Opportunity
10.2.1.3. Rest of Latin America Absolute $ Opportunity
10.2.2. Market Value Forecast By Packaging
10.2.2.1. Canned
10.2.2.2. Frozen or Chilled
10.2.2.3. Retort Packaging
10.2.2.4. Others
10.2.3. Market Value Forecast By Product
10.2.3.1. Meat and Poultry
10.2.3.2. Cereal Based
10.2.3.3. Vegetable Based
10.2.3.4. Others
10.2.4. Market Value Forecast By Distribution Channel
10.2.4.1. Hypermarket/Supermarket
10.2.4.2. Convenience/Departmental Store
10.2.4.3. Specialty Store
10.2.4.4. Online Store
10.2.5. Market Attractiveness Analysis
10.2.5.1. By Packaging
10.2.5.2. By Product
10.2.5.3. By Distribution Channel
10.2.5.4. By Country
10.2.6. Drivers & Restraints: Impact Analysis

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