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Global Microwavable Foods Market is Expected to Grow at a CAGR of 4.8% During 2021-2026, Driven by Rising Demand for RTE Food Products

Microwavable Foods Market

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 (2018-2028); 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 2023-2028.

 

Global Microwavable Foods Market

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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: Market Segmentation

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

 

Global Microwavable Foods Market By Product

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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.

 

Global Microwavable Foods Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Packaging Type, Distribution Channel, Region
Breakup by Product Type Chilled Food, Frozen Food, Shelf Stable
Breakup by Packaging Type Trays, Folding Cartons, Cups, Tubs, and Bowls, Bags and Pouches, Sleeves, Others
Breakup by Distribution Channel Hypermarkets and Supermarkets, Convenience Stores, Online, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered McCain Foods, Nestlé SA, Kellogg Company, Ajinomoto Windsor, Inc., General Mills Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Microwavable Foods Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Microwavable Foods Historical Market (2018-2022)
    8.3    Global Microwavable Foods Market Forecast (2023-2028)
    8.4    Global Microwavable Foods Market by Product Type
        8.4.1    Chilled Food
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Frozen Food
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Shelf Stable
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Microwavable Foods Market by Packaging Type
        8.5.1    Trays
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Folding Cartons
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Cups, Tubs, and Bowls
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Bags and Pouches
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Sleeves
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Microwavable Foods Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarkets
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Convenience Stores
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Online
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Microwavable Foods Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Microwavable Foods Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Microwavable Foods Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Microwavable Foods Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Microwavable Foods Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Microwavable Foods Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    McCain Foods
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Nestlé SA
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Kellogg Company
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Ajinomoto Windsor, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    General Mills Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

List of Key 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), 2018-2022
3.    Global Microwavable Foods Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Microwavable Foods Historical Market: Breakup by Packaging Type (USD Million), 2018-2022
5.    Global Microwavable Foods Market Forecast: Breakup by Packaging Type (USD Million), 2023-2028
6.    Global Microwavable Foods Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7.    Global Microwavable Foods Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8.    Global Microwavable Foods Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Microwavable Foods Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Microwavable Foods Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Microwavable Foods Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Microwavable Foods Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Microwavable Foods Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Microwavable Foods Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Microwavable Foods Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Microwavable Foods Market Structure

Key Questions Answered in the Report

What is the growth rate of the global microwavable foods market?

The market is projected to grow at a CAGR of 4.8% between 2023 and 2028.

What are the major market drivers?

The major drivers of the market are rising disposable incomes, increasing population, growing middle class, rising demand from developing regions, and the growing consumption of processed food.

What are the key trends of the market?

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.

What are the major regional markets of microwavable foods, according to the EMR report?

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

What are the leading product types of microwavable foods in the market?

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

What are the major packaging types of microwavable foods in the market?

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

What are the significant distribution channels in the market?

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

Who are the key market players, according to the report?

The major players in the global microwavable foods market 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 2023-2028, 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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