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Ready Meals Market Size, Share & Trends Analysis Report By Product (Frozen & Chilled, Canned, Dried), By Distribution Channel (Supermarket & Hypermarket, Online Retail), By Region, And Segment Forecasts, 2020 - 2027

May 2020 | 80 pages | ID: R1CB092DA0D7EN
Grand View Research, Inc.

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Ready Meals Market Growth & Trends

The global ready meals market size is expected to reach USD 244.29 billion by 2027, expanding at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumers’ preference for food products with minimum preparation or cooking time and higher shelf life is the key factor for the market growth. Moreover, growing busy schedule and hectic lifestyle among the working-class population and young generation is anticipated to offer new avenues for the market over the forecast period.

With the increasing busy work schedules among working-class people as well as students, they find less time for proper cooking at home. Moreover, consumers are cooking healthy food at home due to increasing focus on healthy lifestyle. Ready meals significantly complete all these requirements, and hence they are gaining popularity among youngsters across the globe.

Manufacturers are launching a wide range of products in order to cater to the rising customer demand, which is increasing the scope of ready meals in the global market. For instance, in July 2019, JBS S.A., the largest meat processing Brazilian company, launched a new range of low calories ready meals with no preservatives. These products are available in six different flavor options under the brand name of ‘Seara Foods’.

The unexpected breakdown of COVID-19 pandemic across the globe has significantly increased the demand for ready meals owing to their higher shelf life and least cooking time as compared to the fruits, fresh veggies, and meat. Furthermore, nearly all the countries in the world have proposed a country level lockdown in order to prevent the spread of this infectious disease. This has propelled the product demand across the globe.

North America held the largest share of more than 35.0% in 2019. Demand for ready meals is increasing in this region as it is one of the most severely affected regions by this pandemic. According to some local news of U.S., demand for ready meals and frozen food products has increased by around 300% in the second week of March 2020. These market trends are anticipated to surge the product demand in this year and are expected maintain a high demand over the forecast period.

Ready Meals Market Report Highlights
  • By product, frozen and chilled meals held the largest share of more than 50.0% in 2019 and are expected to maintain their lead over the forecast period owing to a wide range of products with high shelf life
  • Canned products are anticipated to register the fastest CAGR of 6.1% from 2020 to 2027 owing to rising popularity among young consumers across the globe
  • By distribution channel, online retail is anticipated to expand at the fastest CAGR of 6.2% from 2020 to 2027 owing to growing trend of online shopping among the consumers
  • North America accounted for the largest share of more than 35.0% in 2019. Food preferences among the consumers are increasing the demand for ready meals in the region
  • Key market players include Nestl? S.A.; ConAgra Brands Inc.; Kraft Heinz Company; Chao Xiang Yuan Food Co. Ltd.; Dr. Oetker; BRF S.A.; Berkshire; Green Mill Foods; General Mills; and Tyson Foods.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. READY MEALS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Sales/Retail Channel Analysis
  3.3.2. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Challenges
  3.4.4. Industry Opportunities
3.5. Business Environment Analysis
  3.5.1. Industry Analysis – Porter’s
    3.5.1.1. Supplier Power
    3.5.1.2. Buyer Power
    3.5.1.3. Substitution Threat
    3.5.1.4. Threat from New Entrant
    3.5.1.5. Competitive Rivalry
3.6. Roadmap of Ready Meals Market
3.7. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations

CHAPTER 5. READY MEALS MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Frozen & Chilled
  5.2.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
5.3. Canned
  5.3.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
5.4. Dried
  5.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)

CHAPTER 6. READY MEALS MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

6.1. Distribution Channel Movement Analysis & Market Share, 2019 & 2027
6.2. Supermarket & Hypermarket
  6.2.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
6.3. Convenience Stores
  6.3.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
6.4. Online
  6.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)

CHAPTER 7. READY MEALS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. North America
  7.2.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
  7.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
  7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.2.4. U.S.
    7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.2.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
7.3. Europe
  7.3.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
  7.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
  7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.3.4. U.K.
    7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.3.5. Germany
    7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.3.6. France
    7.3.6.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.3.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.3.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
7.4. Asia Pacific
  7.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
  7.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
  7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.4.4. China
    7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
  7.4.5. Japan
    7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
7.5. Central & South America
  7.5.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
  7.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
  7.5.3. Brazil
    7.5.3.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.5.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.5.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)
7.6. Middle East & Africa (MEA)
  7.6.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
  7.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
  7.6.3. South Africa
    7.6.3.1. Market estimates and forecast, 2016 - 2027 (USD Billion)
    7.6.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Billion)
    7.6.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Billion)

CHAPTER 8. COMPETITIVE ANALYSIS

8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
  8.3.1. Key company market share analysis, 2019

CHAPTER 9. COMPANY PROFILES

9.1. Nestl? S.A.
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Technology Benchmarking
  9.1.4. Strategic Initiatives
9.2. ConAgra Brands Inc.
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Technology Benchmarking
  9.2.4. Strategic Initiatives
9.3. Kraft Heinz Company
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Technology Benchmarking
  9.3.4. Strategic Initiatives
9.4. Chao Xiang Yuan Food Co. Ltd.
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Technology Benchmarking
  9.4.4. Strategic Initiatives
9.5. Dr. Oetker
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Technology Benchmarking
  9.5.4. Strategic Initiatives
9.6. BRF S.A.
  9.6.1. Company Overview
  9.6.2. Financial Performance
  9.6.3. Technology Benchmarking
  9.6.4. Strategic Initiatives
9.7. Berkshire
  9.7.1. Company Overview
  9.7.2. Financial Performance
  9.7.3. Technology Benchmarking
  9.7.4. Strategic Initiatives
9.8. Green Mill Foods
  9.8.1. Company Overview
  9.8.2. Financial Performance
  9.8.3. Technology Benchmarking
  9.8.4. Strategic Initiatives
9.9. General Mills
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Technology Benchmarking
  9.9.4. Strategic Initiatives
9.10. Tyson Foods
  9.10.1. Company Overview
  9.10.2. Financial Performance
  9.10.3. Technology Benchmarking
  9.10.4. Strategic Initiatives

LIST OF TABLES

1. Ready meals - Key market driver analysis
2. Ready meals - Key market restraint analysis
3. Global frozen and chilled ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
4. Global canned ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
5. Global dried ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
6. Global ready meals market estimates and forecast, by supermarket & hypermarket, 2016 - 2027 (USD Billion)
7. Global ready meals market estimates and forecast, by convenience stores, 2016 - 2027 (USD Billion)
8. Global ready meals market estimates and forecast, by online 2016 - 2027 (USD Billion)
9. North America ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
10. North America ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
11. North America ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
12. U.S. ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
13. U.S. ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
14. U.S. ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
15. Europe ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
16. Europe ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
17. Europe ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
18. U.K. ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
19. U.K. ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
20. U.K. ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
21. Germany ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
22. Germany ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
23. Germany ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
24. France ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
25. France ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
26. France ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
27. Asia Pacific ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
28. Asia Pacific ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
29. Asia Pacific ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
30. China ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
31. China ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
32. China ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
33. Japan ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
34. Japan ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
35. Japan ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
36. Central & South America ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
37. Central & South America ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
38. Central & South America ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
39. Brazil ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
40. Brazil ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
41. Brazil ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
42. Middle East & Africa Ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
43. Middle East & Africa ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
44. Middle East & Africa ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
45. South Africa ready meals market estimates and forecast, 2016 - 2027 (USD Billion)
46. South Africa ready meals market revenue estimates and forecast by product, 2016 - 2027 (USD Billion)
47. South Africa ready meals market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Billion)
48. Vendor landscape

LIST OF FIGURES

1. Ready meals market snapshot
2. Ready meals market segmentation & scope
3. Ready meals market penetration & growth prospect mapping
4. Ready meals value chain analysis
5. Ready meals market dynamics
6. Ready meals market Porter's analysis
7. Ready meals market: Product movement analysis
8. Ready meals market: Distribution Channel movement analysis
9. Ready meals market: Regional movement analysis


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