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Opportunities in the Global Prepared Meals Sector 2024

Publisher GlobalData
Published May 20, 2024
Length 164 Pages
SKU # GBDT18867294

Description

Opportunities in the Global Prepared Meals Sector 2024


Summary

The global prepared meals sector was valued at $133 billion in 2023 and is forecast to record a compound annual growth rate (CAGR) of 6.4% during 2023-28, and reach $181.6 billion in 2028. The Americas represented the largest region in the sector in 2023, with a value share of 44%, followed by Western Europe with 27%. In 2023, ready meals was the largest category, accounting for 71.9% of overall global value sales, distantly followed by pizza and meal kits at 24.8% and 3.3%, respectively. The top five companies in the global prepared meals sector together accounted for a combined value share of 28.4% in 2023. The sector was led by Nestlé, which held a value share of 13.6%, followed by Conagra Brands with 5.7% and Nissin Foods Holdings with 4.2%. Hypermarkets & supermarkets was the leading distribution channel in the global prepared meals sector in 2023, with a value share of 67.5%, followed by convenience stores with 19.9%.

This report brings together multiple data sources to provide a comprehensive overview of the global prepared meals sector, analyzing data from 106 countries. It includes analysis on the following -
  • Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
  • Change in consumption: Provides an overview of consumption changes in the prepared meals sector over 2018-28 at global and regional levels.
  • High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
Scope
  • Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, MEA (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
Reasons to Buy
  • Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the prepared meals sector.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.

Table of Contents

164 Pages
  • Report Scope
  • Executive Summary
    • Global Overview
    • Americas Overview
    • Asia-Pacific Overview
    • Eastern Europe Overview
    • MEA Overview
    • Western Europe Overview
    • Prepared Meals: Global Challenges
    • Change in Value Share in the Overall Food Industry, 2023-28
    • Reasons for Shift in Value Share
    • Change in Consumption Levels: Americas, 2018-28
    • Change in Consumption Levels: Asia-Pacific, 2018-28
    • Change in Consumption Levels: Eastern Europe, 2018-28
    • Change in Consumption Levels: MEA, 2018-28
    • Change in Consumption Levels: Western Europe, 2018-28
    • Methodology - Identifying High-Potential Countries
    • Identifying High-Potential Countries by Region
    • United States of America
    • Brazil
    • Canada
    • Australia
    • Japan
    • Czech Republic
    • Romania
    • South Africa
    • United Kingdom
    • Sweden
    • Health & Wellness Analysis - Global & Regional
    • Leading Prepared Meals Companies by Value - Global
    • Company and Brand Share Analysis - Global
    • Company and Brand Share Analysis - Americas
    • Company and Brand Share Analysis - Asia-Pacific
    • Company and Brand Share Analysis - Eastern Europe
    • Company and Brand Share Analysis - MEA
    • Company and Brand Share Analysis - Western Europe
    • Key Brands - Ready Meals
    • Key Brands - Pizza
    • Key Brands - Meal Kits
    • Private Labels' Share in Prepared Meals Sector - by Region
    • Private Labels' Share in Prepared Meals Sector - by Category
    • Leading Distribution Channels by Sector
    • Growth Analysis - by Pack Material and Pack Type
    • Growth Analysis - by Closure Type and Primary Outer Type
    • Global Patent Filings
    • Global Job Analytics by Company
    • Global Job Analytics by Theme
    • Global Deals
    • Global prepared meals - sales, by region - value ($ million)
    • Global prepared meals - sales, by region - volume (million kg)
    • Global prepared meals - sales, by region - value ($ million)
    • Global prepared meals - sales, by region - volume (million kg)
    • Prepared meals sales with H&W product attributes, 2018-23 ($ million)
    • Prepared meals sales with H&W consumer benefits, 2018-23 ($ million)
    • Key H&W product attributes by category, 2023 ($ million)
    • Key H&W consumer benefits by category, 2023 ($ million)
    • Global - prepared meals distribution ($ million) in 2018 vs. 2023
    • Americas - prepared meals distribution ($ million) in 2018 vs. 2023
    • Asia-Pacific - prepared meals distribution ($ million) in 2018 vs. 2023
    • Eastern Europe - prepared meals distribution ($ million) in 2018 vs. 2023
    • MEA - prepared meals distribution ($ million) in 2018 vs. 2023
    • Western Europe - prepared meals distribution ($ million) in 2018 vs. 2023
    • Global value share, ready meals (2023, $ million)
    • Global value share, pizza (2023, $ million)
    • Global value share, meal kits (2023, $ million)
    • Global - brands vs. private labels, value (2023, $ million)
    • Americas - brands vs. private labels, value (2023, $ million)
    • MEA - brands vs. private labels, value (2023, $ million)
    • Asia-Pacific - brands vs. private labels, value (2023, $ million)
    • Western Europe - brands vs. private labels, value (2023, $ million)
    • Eastern Europe - brands vs. private labels, value (2023, $ million)
    • Pack materials in 2023 vs. 2028 (million units)
    • Pack types in 2023 vs. 2028 (million units)
    • Closure types in 2023 vs. 2028 (million units)
    • Primary outer types in 2023 vs. 2028 (million units)
    • Definitions - Category
    • Definitions - Channel
    • GlobalData's Eight Mega-Trends
    • The Eight Mega-Trends can be Broken Down into 43 Trends
    • Definitions - Trends: Health & Wellness
    • Definitions - Trends: Sensory & Indulgence
    • Definitions - Trends: Comfort & Uncertainty
    • Definitions - Trends: Sustainability & Ethics
    • Definitions - Trends: Individualism & Expression
    • Definitions - Trends: Digitalization
    • Definitions - Trends: Easy & Affordable
    • Definitions - Trends: Demographics
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