Global Ready Meals Market Report 2022 – Market Forecast, Trends And Strategies

The global ready meals market size is expected to grow from $141.5 billion in 2021 to $153.21 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The global ready meal market size is expected to grow to $213.32 billion in 2026 at a CAGR of 8.6%.

What is the Global Ready Meals Market?

The ready meals market consists of sales of ready meals by entities (organizations, sole traders, and partnerships) that are convenient, inexpensive, fast, and pre-portioned. The ready meals are complete meals that only require heating before eating. They are ready to eat and already cooked or prepared. They are priced at a lower price and hence are cheap and convenient to use.

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What drives the Global Ready Meals Market?

The growing awareness of food products with extended shelf lives is significantly contributing to the growth of the ready meals market. The shelf life of a product is described as the amount of time it may be safely consumed while retaining its desired features such as sensory, functional, chemical, and microbiological properties. People are on the lookout for food with a long shelf life such as ready meals as they are convenient, inexpensive, fast, and pre-portioned with extended shelf lives. For example, in June 2020, Truebell LLC, a US-based food and beverage exporter company has seen demand up to 300% for long shelf-life products. Therefore, the growing awareness of food products with extended shelf lives is driving the growth of the ready meals market.

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Global Ready Meals Market Segments
The global ready meals market is segmented:
By Product: Frozen, Chilled, Canned, Dried
By Distribution Channel: Supermarket/ Hypermarket, Convenience Store, Online
By End-User: Residential, Food Services
By Geography: The regions covered in the ready meals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Western Europe accounts for the largest share in the global ready meals market.

Ready Meals Global Market Report 2022provides market size and growth forecasts for the global ready meals market, global ready meals market share, ready meals market segments and geographies, ready meals market competitive landscape including leading competitors’ revenues, profiles and market shares. The ready meals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Ready Meals Industry Playersinclude Tyson Foods Inc., Unilever Group, Nestle, Conagra Brands Inc., Kerry Foods, Chao Xiang Yuan Food Co. Ltd., Dr. Oetker, BRF Global, Berkshire, Green Mill Foods, Fleury Michon, PepsiCo Inc., Danone S.A., Sakara Life, and Gobble Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.