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Global Convenience Food Market Share, Trends, Growth: By Product: Meat, Fish and Poultry Products, Cereal Based Products, Vegetable Based Products, Others; By Type: Raw Food, Canned Food, Frozen Food, Ready to Cook, Ready to Eat, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Convenience Food Market Outlook
The global convenience food market size reached a value of approximately USD 485.12 billion in 2023. The market is further expected to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of USD 828.86 billion by 2032.
Key Trends in the Market
Convenience foods refer to any and all food products that are quick, easy, and convenient to prepare, by helping save preparation, cooking, and clean-up time. The convenience foods can be available in ready to cook format or ready to eat format, to suit the preferences of consumers. Convenience food products often have a long shelf life, are easy to store, and portable making them ideal for people with hectic work schedules.
- The key convenience food market trends include changing lifestyles and availability of a variety of convenience food options for inexperienced cooks. A significant number of individuals do not know how to cook, and convenience foods offer solutions to such individuals as they require minimal to no cooking knowledge and are also affordable.
- Easy availability of convenience food products is another crucial trend fuelling the convenience food market growth. An increasing number of stores and supermarkets have started storing such food products, this coupled with emergence of various online stores focusing on convenience food products have led to their increased consumption, boosting the growth of the convenient food market across the globe.
- Growing popularity of instant breakfast foods and ready to eat cereals along with frozen snack options is further bolstering the growth of the market for convenience food products. Increased focus of key market players on convenience food market research in order to develop novel food products is further contributing towards the growth of the market.
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Market Analysis
On the basis of product, the market is segmented into meat, fish and poultry products, cereal based products, and vegetable based products, among others. Based on type, the market is divided into raw food, canned food, frozen food, ready to cook, and ready to eat, among others. On the basis of distribution channels, the market is segregated into supermarkets and hypermarkets, convenience stores, and speciality stores, among others. Based on regions, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global convenience food market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Nestlé SA
- Associated British Foods plc
- The Kraft Heinz Company
- McCain Foods Ltd
- WH Group Limited.
- MTR Foods Pvt Ltd.
- Ajinomoto Co., Inc.
- Conagra Brands, Inc.
- Lantmännen ek för
- Grupo Bimbo
- JBS
- Others
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Market Share by Type
Over the forecast period, frozen foods are expected to account for a significant portion of the convenience food market share as knowledge about improved quality parameters established for frozen food products increases. Numerous frozen food products are extremely healthy as well as nutritious, and their freshness can be immediately unlocked after defrosting them. The hassle free, easy, and quick nature of frozen foods has made them increasingly popular among growing populations as well as businesses such as restaurants and hotels, among others. This is due to the fact that frozen food items significantly reduce the cooking time of many dishes as the ingredients are already cut, chopped, and peeled. The increasing use of ovens and air fryers that can cook frozen foods directly are further bolstering the appeal and sales of frozen foods.
Market Share by Region
In regional terms, the convenience food market Europe is expected to witness significant growth due to evolving economic and social patterns. Changing eating habits and meal patterns are expected to have a positive impact on the convenience food market UK. Easy availability of a wide range of frozen food products in the local supermarkets and stores, among others, is expected to bolster the convenience food market France. Rising spending capacities due increase in number of two-income households has resulted in growing expenditure on food products, this factor is further expected to fuel the growth of the market in Europe region. Increasing promotions of convenient foods are further enhancing their desirability and sales throughout Europe.
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Competitive Landscape
Nestlé SA is headquartered in Vaud, Switzerland, and was founded in 1905. It is one of the largest drink and food processing companies in the world. Their products include but are not limited to, breakfast cereals, chocolates, spreads, dairy products, snacks, bottled waters, teas, coffees, ice creams, confectionary, and pet foods.
Associated British Foods plc is headquartered in London, United Kingdom, and was established in 1935. They are a multinational retailing and food processing organisation that is one of the largest producers of baker’s yeast and sugar, across the globe. Other significant products offered by Associated British Foods plc include emulsifiers, lactose, and enzymes, among others.
The Kraft Heinz Company is headquartered in Illinois in the United States and was founded in 2015. The company was birthed after the merger of major multinational food companies H.J. Heinz Company and Kraft Foods. The products and services offered by the company include convenience foods, beverages, snacks, and foodservice, among others.
Other market players include McCain Foods Ltd, WH Group Limited., MTR Foods Pvt Ltd., Ajinomoto Co., Inc., Conagra Brands, Inc., Lantmännen ek för, Grupo Bimbo, and JBS, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Convenience Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Convenience Food Historical Market (2018-2023)
8.3 Global Convenience Food Market Forecast (2024-2032)
8.4 Global Convenience Food Market by Product
8.4.1 Meat, Fish and Poultry Products
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cereal Based Products
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Vegetable Based Products
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Convenience Food Market by Type
8.5.1 Raw Food
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Canned Food
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Frozen Food
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Ready to Cook
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Ready to Eat
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Convenience Food Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Speciality Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Convenience Food Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Convenience Food Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Convenience Food Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Convenience Food Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Convenience Food Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Convenience Food Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Associated British Foods plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Kraft Heinz Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 McCain Foods Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 WH Group Limited.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 MTR Foods Pvt Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ajinomoto Co., Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Conagra Brands, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Lantmännen ek för
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Grupo Bimbo
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 JBS
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Convenience Food Market: Key Industry Highlights, 2018 and 2032
2. Global Convenience Food Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Convenience Food Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Convenience Food Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Convenience Food Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Convenience Food Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Convenience Food Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Convenience Food Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Convenience Food Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Convenience Food Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Convenience Food Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Convenience Food Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Convenience Food Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Convenience Food Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Convenience Food Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Convenience Food Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Convenience Food Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Convenience Food Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Convenience Food Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Convenience Food Market Structure
Key Questions Answered in the Report
The market for convenience foods reached a value of approximately USD 485.12 billion in 2023.
The market for convenience foods is expected to grow at a CAGR of 6.1% between 2024 and 2032.
The market for convenience foods is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 828.86 billion by 2032.
The major market drivers include increased preference for convenience foods due to hectic work schedules and rising disposable incomes.
The key trends fuelling the growth of the market include popularity of healthy convenience foods, easy availability of convenience foods, and increased adoption of various convenience food products.
Breakfast cereals and frozen foods account for a significant share of the United States market for convenience food.
The significant types of convenience foods in the market are raw food, canned food, frozen food, ready to cook, and ready to eat, among others.
The various products of convenience foods in the market include meat, fish and poultry products, cereal based products, and vegetable based products, among others.
The various distribution channels in the market are supermarkets and hypermarkets, convenience stores, and speciality stores, among others.
The key players in the global convenience food market are Nestlé SA, Associated British Foods plc, The Kraft Heinz Company, McCain Foods Ltd, WH Group Limited., MTR Foods Pvt Ltd., Ajinomoto Co., Inc., Conagra Brands, Inc., Lantmännen ek för, Grupo Bimbo, and JBS, among others.
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