Global Ready To Eat Meals Market has been estimated to grow over 6% post 2022
Global Ready To Eat Meal Market – Overview
According to a recent study report – “Global Ready to Eat Meals Market – Forecast to 2022”, published by Market Research Future, Asia Pacific region is expected to contribute a high revenue share of the global market of Ready To Eat Meal. Another surprise that catches us by attention is that the growth in Asia Pacific region is even higher compared to North America and Europe.
Rising number of nuclear families and working women coupled with busy lifestyle of working class populace propels the growth of Ready to Eat Meal Market in APAC region, states the MRFR research Analyst.
Ready to eat meals are animal or plant derived food that can be cooked, frozen, processed and to be consumed directly or after heating. Globally the market for ready to eat meals is expected to grow at the rate of about 6% of CAGR from 2016 to 2022, predicts the MRFR Research Analyst while commenting upon this deep diving study report presented through more than 100 market data tables and figures and widely spread over 110 pages.
Ready To Eat Meal Market – Key Players
The Global Ready To Eat Meals market is hugely diversified due to the ever changing preferences and demands of consumer which makes the market further more competitive. This prompts to the players in the market to segregate their product and service offerings with clear and unique value.
Some of the identified Key players of the Global Ready To Eat Meals market, by MRFR report are
- General Mills (U.S.)
- Bakkavor Group Ltd (U.K.)
- Nomad Foods Ltd (British Virgin Islands)
- McCain Foods (Canada)
- Premier Foods Group Ltd (U.K.)
- Orkla ASA (Norway)
- ConAgra Foods Inc. (U.S.)
- ITC Limited (India)
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Ready To Eat Meal Market – Segments
Ready to eat meals market has been segmented in to 5 dynamics for a better understanding.
– Segmentation on the basis of product type – comprises – mixes, bakery, noodles and pasta, non-alcoholic beverages, herbs and spices, soups and others.
– Segmentation on the basis of packaging the market comprises of can, box, bag, sachet, vacuum pack and others.
– Segmentation on the basis of cuisine, market is segmented into Indian, Italian, Chinese, continental and others.
– Segmentation on basis of specialty type, market is segmented into natural, preservative free, vegetarian, non-vegetarian and others.
– Segmentation on basis of form, market is segmented into dried, frozen, instant, cooked, fresh and others
Global Ready To Eat Meal Market – Synopsis & Scenario:
Different food safety organizations in different regions have specified particular guidelines related to processing, washing, drying, cooling, freezing, and packaging which is playing a huge role in ready to eat meals market in terms of retaining the vitamin content, color, product quality, texture, taste, and shelf life. Innovation in packaging technology and development in distribution channels will likely to boost the market growth during the forecast period. Hence the key players of the market are collaborating with packaging manufacturers to innovate advanced packaging technology for their products to develop the consumer base. With capabilities to provide an enhanced alternative to the retailers in the form of a low carbon footprint compared to the aluminum, PP, and CPET packaging, Biodegradable barrier tray is one such latest technology that is expected to drive the market.
Ready To Eat Meal Market – Regional Analysis
The global ready to eat meals market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by Asia Pacific and Europe.
Growing population, rise in disposable income and Awareness about healthy lifestyle has spurred the growth of nutritious ready to eat meals products in developing countries, which is driving the demand for ready to eat meals in the APAC region
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