Convenience Food Market Growth Outlook 2022:
According to the research report published by Data Intelligence, the global Convenience Food Market is projected to grow at a CAGR of 4.2% over the forecast period 2022-2029.
The rising selection of convenience foods and increasing level of consumer income per annum is the several major factors driving the convenience food market. Other prominent factors such as the increase in the consciousness of health, rising consumer preference, and altering lifestyles will boost the growth rate of the global convenience food market. Additionally, the surge in the funds for the development of the cold chain will probably affect the growth of convenience food.
In the recent situation, the convenience food market demand is growing prominent support from governments initiating the order that only supermarkets and legally registered markets should continue open so that customers’ regular needs can be simply accessed.
The necessity for dinner time solutions by nowadays customers is rising quickly, as meal consumption behavior among consumers is changing drastically. While consumers gradually lack the time and skill to make food in their homes few of the customers are interesting to spend money in the ready-to-eat market, and these elements have surged the demand for the convenience food market.
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Impact of COVID-19 on the Convenience Food Industry:
COVID-19 is another driving factor altering the living style of consumers consuming convenience foods due to maximum countries are mandatory to control movement and lockdown their borders. The necessity for pre-prepared meals is dominant within this period, especially in the United States where the COVID-19 is hammering the country tough.
Regional Share Insights:
Europe continues the major market for convenience foods market, as consumers in the United Kingdom live hectic and busy lifestyles, minimizing their time to prepare food. This living style has made consumers from this European region change to consuming frozen food, canned meals, and dried foods.
Apart from the United Kingdom, countries in Europe and North America are prominent markets for convenience foods. The altering in customer living styles owing to the pandemic will boost the growth of the regions.
Asia Pacific convenience food market is contributing a decent growth rate throughout the forecast period 202 to 2029.
By Product Type:
Cereal Based Products
Vegetables Based Products
By Distribution Channel:
Middle East and Africa
Rest of the world
Some of the Major Companies Listed in the Global Market:
Amy’s Kitchen, Inc., Cargill, Incorporated, ConAgra Foods, Inc., General Mills, Inc., Tyson Foods, Inc., Mondelz International, Inc., Kraft Foods Group Inc., WH Group, Unilever, Kelloggs Company, and other major companies listed in the full report.
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The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of convenience food market segmentation By product type, packaging, distributional channels, and Region, highlighting the key commercial assets and players.
- By product type
- By Packaging
- By distributional Channels
- By Region
- Identify commercial opportunities in the Market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
- Excel data sheet with thousands of Market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
- Unlimited Analyst support for a period of 1 year.
- Any query regarding the scope offered will be addressed within 24- 48 hours.
- An excel sheet with market numbers will be provided separately
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