Prepared Meals Market to Post 3.3% CAGR by Value to 2020, Informs GlobalData in Its Discounted Topical Study Recently Added at MarketPublishers.com20 Feb 2017 • by Natalie Aster
LONDON – Globally, the prepared meals market registered a negative CAGR of -1.1% from 2010 to 2015 to reach USD 80.4 billion in 2015. All the regions saw a drop in terms of value, with the exception of North America, which posted a moderate 1.4% CAGR over the review period.
However, expanding urbanisation levels, more hectic lifestyles and changing eating habits will likely augment the demand for convenient, time-saving and ready-to-eat prepared meals, and the market is projected to grow at a 3.3% CAGR by value through to 2020.
Western Europe is poised to continue to be the biggest region, capturing a share of 41.2% of total value by 2020-end, whilst the APAC prepared meals market value is anticipated to register the quickest CAGR of 6.3% over the next few years.
Hypermarkets and supermarkets represent the major distribution channel in the worldwide prepared meals market.
Discounted research study “Global Prepared Meals Report” drawn up by GlobalData gives deep insights into the market globally.
The study market volume and value data with growth analysis for 2010-2020; category coverage by value and growth plus market share projections for 2015-2020; offers exhaustive brand coverage. The report carefully examines the 11 distribution channels; provides packaging data covering a breakdown of consumption for packaging materials and containers in each category, by percentage share of units sold. The study discusses the 4 consumer trends that have a bearing on the consumption of prepared meals products. It speculates on how the marketplace will likely develop to 2020. Recommendations for producers on leading prepared meals categories are also available in the report.
For a complete list of discounted and new reports by this publisher, please visit the GlobalData page at MarketPublishers.com.