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Global Microwavable Foods Market: By Product Type: Chilled Food, Frozen Food, Shelf Stable; By Packaging Type: Trays, Folding Cartons, Cups, Tubs, and Bowls, Bags and Pouches, Sleeves; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Microwavable Foods Market Outlook

The global microwavable foods market is expected to grow at a CAGR of 4.8% in the forecast period of 2020-2025.

 

North America Region to Support the Growth of the Global Market for Microwavable Foods, Owing to Innovations in the Food Intake Solutions

The global market for microwavable foods is being significantly supported by the North America market. This can be attributed to many factors, including the innovation in the food intake solutions, conventional snacking patterns, simpler and faster preparation process, and a rise in the intake of processed RTE food products. Further, Europe has exhibited remarkable growth in the recent years in terms of production and consumption of microwavable food owing to individuals' hectic lifestyle and an increase in the number of working women. Within the region, Germany is an important contributor and is further followed, in terms of value, by the UK, Russia, and France. The Asia Pacific region is expected to witness a spurt in its growth curve as the demand for an enhanced standard of living is prompting a change in consumers’ food consumption behaviour.

 

Microwavable Foods: Industry Definition and Segmentation

Microwavable foods are those foods that can be cooked using a conventional microwave oven in less time.

On the basis of product type, the market is divided into:

Based on packaging type, the industry can be segmented into:

  • Trays
  • Folding Cartons
  • Cups, Tubs, and Bowls
  • Bags and Pouches
  • Sleeves
  • Others

By distribution channel, the industry is segregated into:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Convenience Foods to Aid the Market Growth of Microwavable Foods

The market for microwavable foods is being driven by the rising population in urban areas, which is expected to promote the demand and growth for convenience foods. In addition, factors like the rising nuclear families, a rise in the standard of living, growth in the number of women in the workforce, and a rapid increase in the number of large retail chains are furthering the growth of the microwavable foods industry. Further, the rising R&D activities undertaken by many microwavable food companies for the advancements in freezing technology and increasing set up of fast-food chains in rising economies are expected to enhance the prospects for industry players in the forecast period.

 

Key Industry Players in the Global Microwavable Foods Market

The report gives a detailed analysis of the following key players in the global microwavable foods market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • McCain Foods
  • Nestlé SA
  • Kellogg Company
  • Ajinomoto Windsor, Inc.
  • General Mills Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Microwavable Foods Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Microwavable Foods Historical Market (2016-2020)
    8.3    Global Microwavable Foods Market Forecast (2021-2026)
    8.4    Global Microwavable Foods Market by Product Type
        8.4.1    Chilled Food
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Frozen Food
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Shelf Stable
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Microwavable Foods Market by Packaging Type
        8.5.1    Trays
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Folding Cartons
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Cups, Tubs, and Bowls
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Bags and Pouches
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Sleeves
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Microwavable Foods Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Convenience Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Online
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Microwavable Foods Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    McCain Foods
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Nestlé SA
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Kellogg Company
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Ajinomoto Windsor, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    General Mills Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Microwavable Foods Market: Key Industry Highlights, 2016 and 2026
2.    Global Microwavable Foods Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    Global Microwavable Foods Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    Global Microwavable Foods Historical Market: Breakup by Packaging Type (USD Million), 2016-2020
5.    Global Microwavable Foods Market Forecast: Breakup by Packaging Type (USD Million), 2021-2026
6.    Global Microwavable Foods Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Global Microwavable Foods Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Global Microwavable Foods Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Microwavable Foods Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Microwavable Foods Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Microwavable Foods Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Microwavable Foods Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Microwavable Foods Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Microwavable Foods Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Microwavable Foods Market Structure

Key Questions Answered in the Report

The global microwavable foods market is projected to grow at a CAGR of 4.8% between 2021 and 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, growing middle class, rising demand from developing regions, and the rising consumption of processed food, are expected to aid the market growth.

The key trends guiding the growth of the market include the advancements in freezing technology and the rising set up of fast-food chains in growing economies.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading product types of microwavable foods in the market are chilled food, frozen food, and shelf stable.

The major packaging types of microwavable foods in the industry are trays, folding cartons, cups, tubs, and bowls, bags and pouches, and sleeves, among others.

The significant distribution channels in the market are hypermarkets and supermarkets, convenience stores, and online, among others.

The major players in the industry are McCain Foods, Nestlé SA, Kellogg Company, Ajinomoto Windsor, Inc., and General Mills Inc., among others.

Analyst Review

The global microwavable foods market is being driven by the growing consumption of processed food. Aided by the rising advancements in freezing technology, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 4.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is segmented into chilled food, frozen food, and shelf stable. By packaging type, the industry is divided into trays, folding cartons, cups, tubs, and bowls, bags and pouches, and sleeves, among others. On the basis of distribution channel, the market is categorised into hypermarkets and supermarkets, convenience stores, and online, among others. The major regional markets for microwavable foods are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include McCain Foods, Nestlé SA, Kellogg Company, Ajinomoto Windsor, Inc., and General Mills Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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