Global Ready Meals Market 2017-2021
About Ready Meals
Ready meals are meals that have been pre-cooked to a certain extent and serve as an easy alternative to food prepared at home. They are promoted and presented by vendors as quick and time-saving alternatives that only require heating before consumption. Ready meals are available in frozen, chilled, canned, or dried forms.
Technavio’s analysts forecast the global ready meals market to grow at a CAGR of 4.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ready meals market for 2017-2021. To calculate the market size, the report considers the new installation sales, volume, and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ready Meals Market 2017-2021
Technavio recognizes the following companies as the key players in the global ready meals market: 2 Sisters Food Group, Conagra Brands, The Kraft Heinz Company, Nestlé, and Unilever.
Other Prominent Vendors in the market are: Advanced Fresh Concepts, Fleury Michon, General Mills, Greencore Group, Hormel Foods, Iglo Group, ITC, JBS, Sigma Alimentos, Smithfield Foods, Findus, The Schwan Food, and Tyson Foods.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is demand for natural and organic products. Owing to increasingly busy lifestyles, it has become nearly impossible for individuals to prepare healthy meals at home. As a result, they often end up eating out, which becomes a catalyst for the onset of various medical conditions such as obesity and heart problems. Vendors of ready meals are now coming up with products that are completely organic and natural. As chemical-based products are often perceived to be harmful to health, consumers are gradually preferring more natural and organic foods.”
According to the report, one of the major drivers for this market is expansion in retail landscape. Organized retailers have grown worldwide with the establishment of supermarkets, hypermarkets, and specialty stores. Ready meals are primarily sold by large organized retailers, and vendors in the market are highly dependent on these retailers. Supermarkets are a major distribution channel that supply nutritious and affordable food products. Given the rise in population, the demand for these supermarkets is also growing.
Further, the report states that one of the major factors hindering the growth of this market is preference for fresh and home-cooked foods. Across the globe, people are becoming increasingly concerned about the safety of the food that they consume. This could hamper the growth of the processed food market, including ready meals, as consumers are looking for more fresh foods. The past few years have recorded a drastic rise in the occurrence of health problems such as diabetes, digestive disorders, allergies, and obesity worldwide. People are becoming increasingly health-conscious and aware of the foods they eat, which is fueling the demand for fresh foods as they are unprocessed and contain vitamins, fibers, and naturally occurring minerals.
2 Sisters Food Group, Conagra Brands, The Kraft Heinz Company, Nestlé, Unilever, Advanced Fresh Concepts, Fleury Michon, General Mills, Greencore Group, Hormel Foods, Iglo Group, ITC, JBS, Sigma Alimentos, Smithfield Foods, Findus, The Schwan Food, and Tyson Foods.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook