Blueweave
Global Ready To Eat Food Market 1980

Global Ready to Eat Food Market, By Product Type (Meat & Poultry, Fruits & Vegetables, Cereals, Others), By Packaging (Canned, Frozen, Chilled, Others), By Distribution Channel (Retail Stores, Specialty Stores, Online Stores), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: October 2021
  • Report ID: BWC1980
  • Available Format: PDF
  • Page: 197

Report Overview

Global ready to eat food market is growing at a high CAGR due to consumers' changing food consumption habits, increased willingness to buy such food, and a lack of time to cook meals at home as a result of urbanization.

Global Ready to Eat Food Market- Industry Trends & Forecast Report 2027

Global ready to eat food market was worth USD 94.2 billion in 2020 and is further projected to reach USD 123.3 billion by the year 2027, growing at a CAGR of 4.0% in the forecast period. Demand for ready-to-eat food is predicted to rise due to advancements in packaging, urbanization, changing consumer lifestyles, and increased disposable income. Furthermore, the rising migration rate in pursuit of better job opportunities is likely to fuel the global ready to eat food market throughout the forecast period.

Ready to Eat Food Market

Source: BlueWeave Consulting

Global Ready to Eat Food Market- Overview

Prewashed, precooked, and packaged, ready-to-eat foods need little preparation or cooking before eating. Presented in an airtight sealed pouch, these foods stay fresh for a long time. They are perfect for packed lunches, meal replacements, and other uses. Food market items that are ready to eat have also grown in popularity as a result of increased tourism and changing food habits. Furthermore, increased readiness to spend on ready-to-eat foods due to a lack of time for cooking leads to an increase in consumption of easily accessible ready-to-eat foods.

Global Ready to Eat Food Market Forecast and Trends

Growth Drivers

Launch of Wide Variety of Ready-to-Eat Food Products

Food producers worldwide offer a variety of products to capture a bigger share of the market. They provide various products for children, teens, young people, office workers, and others with varying nutritional needs and purchasing power. For example, BOSH! just debuted its first line of vegan-ready meals in UK supermarkets, including Shepherd's pie and Chilli non-Carne, which require no preparation. Likewise, Costco has launched ready-to eat vegan Bolognese, which is available across 50 stores across California and Hawaii. Such product launches are critical in propelling the global ready-to-eat food market forward.

Rapid Urbanization and Increasing Disposable Income

The rapid urbanization and increasing disposable income of people are emerging as the major driving factor for the global ready to eat food market. With an increasing number of working people and busy schedules in modern urban life, consumers increasingly turn to ready-to-eat food products to meet their nutritional and consumption needs. Furthermore, the ease with which these items are available in convenience stores, supermarkets/hypermarkets, and online platforms is increasing accessibility to ready-to-eat food products, propelling the market growth.

Restraints

Negative Health Consequences of Ready-To-Eat Food Products

While ready-to-eat foods are extremely convenient, their side effects on human health cannot be overlooked. Many of these foods contain excess sugar and artificial flavors and colors that can drastically affect the fat content in ready-to-eat food. Moreover, several ready to eat meals rely on acidic conditions to prevent pathogen growth. Bacteria such as E. coli, Clostridium perfringens, Listeria monocytogenes, and Salmonella, on the other hand, can survive and develop in the acidic conditions of these ready-to-eat foods creating a health hazard. Additionally, a growing awareness of personal health and the increasing prevalence of various medical conditions, such as cardiovascular diseases, may negatively impact the demand for ready-to-eat food products, hindering the global market growth.

Impact of COVID-19 on Global Ready to Eat Food Market

After the COVID-19 outbreak, the ready to eat food market experienced tremendous growth. Because of the sudden lockdown imposed by different countries to curb the spread of the virus, people, especially urban populations, started to rely more on ready-to-eat food products, causing a boom in its market.  However, there was a minor slump in the initial phase of the outbreak because of distribution channel constraints. However, manufacturers immediately resorted to e-commerce websites and other online distribution methods, allowing the market to recover from this setback.

Global Ready to Eat Food Market - By Product Type

Based on product types, the global ready to eat food market is segmented into meat & poultry, fruits & vegetables, cereals, and others. Among these segments, the meat & poultry segment holds the largest market share. The meat and poultry segment includes frozen meat and poultry products such as luncheon meats, hot dogs, sausages, cold cuts, and other deli-style meat and poultry. The recent development of individual quick-freezing technology allows food products to be frozen at -30°C to -40°C. It preserves meat and poultry products for a longer period, sometimes even a year, while maintaining major attributes such as taste, colors, flavors, and texture. Such factors are favoring the growth of this segment.

Global Ready to Eat Food Market - By Packaging

Based on packaging, the global ready to eat food market is segmented into canned, frozen, chilled, and others. The frozen segment accounts for the largest market share and is also estimated to witness the highest CAGR during the forecast period. The freezing technology is the most preferred type of packaging as the food is processed and quickly frozen, which prevents any deterioration of flavor, quality, texture, as well as nutrition. Additionally, the increasing construction of cold storage, especially in emerging economies like India and China, is propelling the growth of the global ready-to-eat food market.

Global Ready to Eat Food Market - Regional Insights

Geographically, the global ready to eat food market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America holds the largest market share in the global ready-to-eat-food market. he US leads the market in North America due to technological innovations, busy lifestyles, and consumers’ high disposable incomes.  Furthermore, due to the fast-paced nature of life and work, Europe's ready-to-eat food sector is growing significantly. Thus, these convenient food products often prove to be a lucrative opportunity for the ready to eat food manufacturers.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global ready to eat food market are Bakkavor Foods Ltd, Findus Group Ltd., McCain Foods, Premier Northern Foods Ltd, Fleury Michon, ADF Foods Ltd., Nomad Foods Ltd., Greencore Group Plc., Dr. August Oetker Nahrungsmittel KG, Conagra Brands, Inc., ConAgra Foods, Inc., 2 Sisters Food Group, General Mills Inc., Findus Group Ltd., Orkla, MTR Foods, The Kraft Heinz Company, The Campbell Soup Company, Nestle SA, and other prominent players.

The market is highly fragmented with the presence of various global and regional industry players. The companies lure consumers towards their brands by offering a wide range of products with attractive packaging. The market is also considered favorable for new entrants who offer new and innovative products. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, collaborations, etc., is also very prominent in this market.

Recent Developments

  • In September 2021, Dr Oetkar, a German food company, acquired Indian startup, Kuppies, to enter the ready-to-eat cake segment.
  • In October 2021, HEROTEIN, a Chinese vegan meat seller, announced the launch of a line of 16 ready-to-eat plant-based meals co-created and co-branded with Butler & White’s, a specialty foods brand in China.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Product Type, By Packaging, By Distribution Channel, By Region

Key Players

Bakkavor Foods Ltd, Findus Group Ltd., McCain Foods, Premier Northern Foods Ltd, Fleury Michon, ADF Foods Ltd., Nomad Foods Ltd., Greencore Group Plc., Dr. August Oetker Nahrungsmittel KG, Conagra Brands, Inc., ConAgra Foods, Inc., 2 Sisters Food Group, General Mills Inc., Findus Group Ltd., Orkla, MTR Foods, The Kraft Heinz Company, The Campbell Soup Company, Nestle SA, and other prominent players.

 

By Product Type

  • Meat & Poultry
  • Fruits & Vegetables
  • Cereals
  • Others

By Packaging

  • Canned
  • Frozen
  • Chilled
  • Others

By Distribution Channel

  • Retail Stores
  • Specialty Stores
  • Online Stores

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Launch Of Wide Variety Of Ready To Eat Food Products
        2. Rapid Urbanization And Increasing Disposable Income
      2. Market Restraints
        1. Negative Health Consequences Of Ready-To-Eat Food Products
      3. Market Challenges
        1. Increasing Safety Concerns in Ready To Eat Foods
      4. Market Opportunity
        1. Launch Of Healthy And Vegan Ready To Eat Food Products
        2. Emergence of Online Distribution Channels
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Ready to Eat Food Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Product Type
        1. Meat & Poultry
        2. Fruits & Vegetables
        3. Cereals
        4. Others
      2. By Packaging
        1. Canned
        2. Frozen
        3. Chilled
        4. Others
      3. By Distribution Channel
        1. Retail Stores
        2. Specialty Stores
        3. Online Stores
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Ready To Eat Food Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Packaging
      3. By Distribution Channel
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Ready to Eat Food Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Packaging
      3. By Distribution Channel
      4. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Ready to Eat Food Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Packaging
      3. By Distribution Channel
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Ready to Eat Food Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Packaging
      3. By Distribution Channel
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Ready to Eat Food Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Product Type
    4. By Packaging
    5. By Distribution Channel
    6. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Ready to Eat Food Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Bakkavor Foods Ltd
    2. Findus Group Ltd.
    3. McCain Foods
    4. Premier Northern Foods Ltd
    5. Fleury Michon
    6. ADF Foods Ltd.
    7. Nomad Foods Ltd.
    8. Greencore Group Plc.
    9. Dr. August Oetker Nahrungsmittel KG
    10. Conagra Brands, Inc.
    11. ConAgra Foods, Inc.
    12. 2 Sisters Food Group
    13. General Mills Inc.
    14. Findus Group Ltd.
    15. Orkla
    16. MTR Foods
    17. The Kraft Heinz Company
    18. The Campbell Soup Company
    19. Nestle SA
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Global Ready to Eat Food Segmentation

 

Figure 2: Global Ready to Eat Food Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 5: Global Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 6: Global Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 7: Global Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 8: Global Ready to Eat Food Market Share (%), By Region, By Value, 2020-2027

 

Figure 9: North America Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 10: North America Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 11: North America Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 12: North America Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 13: North America Ready to Eat Food Market Share (%), By Country, By Value, 2020-2027

 

Figure 14: Europe Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 15: Europe Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 16: Europe Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 17: Europe Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 18: Europe Ready to Eat Food Market Share (%), By Country, By Value, 2020-2027

 

Figure 19: the Asia-Pacific Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 20: the Asia-Pacific Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 21: the Asia-Pacific Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 22: the Asia-Pacific Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 23: the Asia-Pacific Ready to Eat Food Market Share (%), By Country, By Value, 2020-2027

 

Figure 24: Latin America Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 25: Latin America Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 26: Latin America Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 27: Latin America Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 28: Latin America Ready to Eat Food Market Share (%), By Country, By Value, 2020-2027

 

Figure 29: Middle East & Africa Ready to Eat Food Market Size, By Value (USD Billion), 2020-2027

 

Figure 30: Middle East & Africa Ready to Eat Food Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 31: Middle East & Africa Ready to Eat Food Market Share (%), By Packaging, By Value, 2020-2027

 

Figure 32: Middle East & Africa Ready to Eat Food Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 33: Middle East & Africa Ready to Eat Food Market Share (%), By Region, By Value, 2020-2027

 

 

 

List of Tables

 

 

Table 1: Global Ready to Eat Food Market Size, By Product Type, By Value, 2020-2027

 

Table 2: Global Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 3: Global Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 4: Global Ready to Eat Food Market Size, By Region, By Value (USD Billion), 2020-2027

 

Table 5: North America Ready to Eat Food Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 6: North America Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 7: North America Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 8: North America Ready to Eat Food Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 9: Europe Ready to Eat Food Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 10: Europe Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 11: Europe Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 12: Europe Ready to Eat Food Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 13: the Asia-Pacific Ready to Eat Food Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 14: the Asia-Pacific Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 15: the Asia-Pacific Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 16: the Asia-Pacific Ready to Eat Food Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 17: Latin America Ready to Eat Food Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 18: Latin America Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 19: Latin America Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 20: Latin America Ready to Eat Food Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 21: The Middle-East & Africa Ready to Eat Food Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 22: The Middle-East & Africa Ready to Eat Food Market Size, By Packaging, By Value (USD Billion), 2020-2027

 

Table 23: The Middle-East & Africa Ready to Eat Food Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 24: The Middle-East & Africa Ready to Eat Food Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 25: Smith & Nephew Plc Financial Analysis

Table 26: Smith & Nephew Plc Business Overview

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Table 28: Cynosure, Inc. Business Overview

Table 29: Lumenis Ltd. Corporation Financial Analysis

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Table 36: Shanghai Fosun Pharmaceutical (Group) Co., Ltd Business Overview

Table 37: Beijing Toplaser Technology Company Limited Financial Analysis

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Table 40: Merz GMBH & CO. KGAA Business Overview

Table 41: Valeant Pharmaceuticals International Inc Financial Analysis

Table 42: Valeant Pharmaceuticals International Inc Business Overview

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Table 45: Avita Medical Limited Financial Analysis

Table 46: Avita Medical Limited Financial Analysis

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Table 49: Oculus Innovative Sciences, Inc Financial Analysis

Table 50: Oculus Innovative Sciences, Inc Business Overview

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Table 52: CCA Industries Inc Business Overview

Table 53: Revitol Corporation Inc Financial Analysis

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Market Segmentation

By Product Type

  • Meat & Poultry
  • Fruits & Vegetables
  • Cereals
  • Others

By Packaging

  • Canned
  • Frozen
  • Chilled
  • Others

By Distribution Channel

  • Retail Stores
  • Specialty Stores
  • Online Stores

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global ready to eat food market reached USD 94.2 billion in 2020.
Ans: Global ready to eat food market is growing at a high CAGR due to consumers' changing food consumption habits, increased willingness to buy such food, and a lack of time to cook meals at home as a result of urbanization.
Ans: The key players in the global ready to eat food market are: Bakkavor Foods Ltd, Findus Group Ltd., McCain Foods, Premier Northern Foods Ltd, Fleury Michon, ADF Foods Ltd., Nomad Foods Ltd., Greencore Group Plc., Dr. August Oetker Nahrungsmittel KG, Conagra Brands, Inc., ConAgra Foods, Inc., 2 Sisters Food Group, General Mills Inc., Findus Group Ltd., Orkla, MTR Foods, The Kraft Heinz Company, The Campbell Soup Company, Nestle SA, and other prominent players.
Ans: The frozen segment accounted for the largest share in the global ready to eat food market.
Ans: North America has the largest share in the global ready to eat food market.