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Ready Meals Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 208

Status: Upcoming

Report Code: EMR100056

Ready meals are gaining increased acceptance as an alternative to regular meals. Ready meal is quickly consumable and cost-effective and requires heating before consumption. Ready meal is packaged and is readily available in quantity for single or two serving. The major factor contributing to the growth of ready meals market is increase in demand for convenience and ready to go food. Due to the busy and tedious lifestyle, consumers prefer ready-to-eat meals which reduces the time required for cooking food, thus fueling the growth of ready meals market globally. Frozen ready meals prove an excellent alternative to cooking and are being preferred by the working people as they are hygienic and available in various types. They are highly cost effective when compared to restaurant food. The ready meals market is driven by factors such as easy and speedy cooking process.

The need for continuous innovation is a major challenge faced by the ready meals manufacturers. Packaging is one of the important factors promoting the growth of in ready meals market globally. This is due the advanced technology of the packaging such as capability to retain vitamin content, product quality, color, taste, texture, and shelf life. Rising disposable income and the need to save time for food preparation is driving the ready meals market globally.

The ready meals market is classified on the basis of product type and regions. On the basis of product type the ready meals market is classified into frozen, dried, chilled and canned. Frozen and dried ready meals segment is expected to receive higher owing to longer shelf life and ease of cooking. Frozen ready meals include variety of food products chicken meals, beef meals, frozen pizza, and other frozen vegetarian meals. Canned ready meals are also used widely and they can be consumed directly, thus eliminating the necessity of cooking.
The market for ready meals is evaluated based on five regions namely North America, Europe, Asia-Pacific, Latin America and Middle East. The Asia Pacific region is anticipated to surge in growth due to the increasing consumer base, rapid industrialization and rising population in developing countries such as India and China. European ready meals market in is driven by countries such as the U.K., Spain, France, Germany, and Russia. The use of various healthy ready meals such as vegetables, frozen salads, and gluten-free meat is backing to the market growth in Europe.

Some of the major players operating in the global pneumatic diaphragm pumps market include Bakkavor Foods Ltd., Kerry Foods Ltd., ConAgra, JH Heinz Company Ltd., Greencore Group Plc., Nestle, Northern Food Ltd., and Premier Foods Group Ltd. Major players operating in the global market are focused on some of the major market strategies such as partnerships, mergers, collaborations and acquisitions to hold their position competitive global market. Likewise, they are engaged on gaining hold on the local players to support their product distribution and to develop their market reach in the global market.
The ready meals market is segmented
By Product Type:
• Frozen
• Dried
• Chilled
• Canned
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East 
Market By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Chile
o Rest of Latin America
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA

The Leading Key Players in Ready Meals Market

Bakkavor Foods Ltd.
Kerry Foods Ltd.
JH Heinz Company Ltd.
Greencore Group Plc.
Northern Food Ltd.
Premier Foods Group Ltd