About Frozen Ready Meals
Frozen meals comprise a large portfolio, including beef meals, chicken meals, frozen pizza, and various types of frozen vegetarian meals, thereby providing consumers with a large variety of options to choose from. Frozen ready meals are a convenient alternative to cooking and are increasingly being preferred by the working population worldwide. Frozen meals are perceived to be free from microbial attacks and therefore considered to be healthier compared to other ready meals.
Technavio’s analysts forecast the global frozen ready meals market to grow at a CAGR of 2.93% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global frozen ready meals market for the period 2016-2020.To calculate the market size, the report considers the revenue generated through the retail sales of frozen ready meals in different regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Frozen Ready Meals Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Frozen Ready Meals Market: ConAgra, Fleury Michon, Kraft Heinz, Nestlé, and Unilever.
Other Prominent Vendors in the market are: 2 Sisters Food Group, Ajinomoto, Amy’s Kitchen, Europastry, Findus Group, Frosta, General Mills, Greencore Group, Iceland Foods, LDC Sable, Iglo Group, JBS, Kellogg, Kerry, Maple Leaf Foods, McCain, Nichirei Foods, Pinnacle Foods, Sanquan Food, and The Schwan Food.
Commenting on the report, an analyst from Technavio’s team said: “The market is experiencing a strong trend of rising number of single-person households. The rising number of singles along with the growing divorce rates globally has led to an increase in the number of single-person households. The convenience of having a single-serving meal with little need for preparation is the key to gaining popularity among the singles for ready meals vendors.”
According to the report, the demand for packaged and convenience food contributed significantly to the growth of the market. Frozen ready meals are easy and convenient as they reduce the preparation, cooking, and clean-up time.
Further, the report states that ensuring quality and consistency pose a challenge to the market.
ConAgra, Fleury Michon, Kraft Heinz, Nestlé, Unilever, 2 Sisters Food Group, Ajinomoto, Amy’s Kitchen, Europastry, Findus Group, Frosta, General Mills, Greencore Group, Iceland Foods, LDC Sable, Iglo Group, JBS, Kellogg, Kerry, Maple Leaf Foods, McCain, Nichirei Foods, Pinnacle Foods, Sanquan Food, The Schwan Food.