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North America Ready Meals Market Size, Share, Trends, Growth: By Product Type: Frozen Ready Meals, Canned Ready Meals, Dried Read Meals; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores and Grocery Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
North America Ready Meals Market Outlook
The North America ready meals market size was valued at USD 54.49 billion in 2023. The market is further projected to grow at a CAGR of 4.0% between 2024 and 2032, reaching a value of USD 78.23 billion by 2032.
Key Takeaways
- Canadians consider ready meals as emergency food, primarily consuming them when they do not have time to make meals from scratch.
- Ready meals save consumers at least 50% of their time for the whole process of cooking.
There is a growing popularity of frozen foods in North America as processed food producers are producing high-quality and nutritional value meals, propelling the North America ready meals market growth. These foods efficiently meet the nutritional and lifestyle needs of consumers. Prominent supermarkets, such as Walmart, Inc., Trader Joe's Company, Inc., Costco Wholesale Corporation, and Target Corp are offering a range of products frozen at the peak of freshness, such as fried rice, and chicken vegetable rice as well as pizzas.
According to the North America ready meals market analysis, consumers are demanding low-calorie ready meals produced with clean-label ingredients. By capitalising on these trends, players can further stimulate growth in the market. Players are also providing halal ready meals to meet the growing demand for a halal diet. Additionally, ready-meal providers are expanding their offerings to grab a larger customer base. For instance, in December 2023, Blue Apron, a provider of meal kit services in the United States, announced the expansion of its ready-to-eat category by launching Prepared & Ready meals. Prepared & Ready is made up of chef-crafted meals that are nutritionist-approved, non-frozen, and are delivered fresh and ready to reheat in a microwave.
Market Segmentation
North America Ready Meals Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product Type
- Frozen Ready Meals
- Canned Ready Meals
- Dried Ready Meals
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores and Grocery Stores
- Online
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The key players in the ready meals market in North America are producing high-quality ready meals to meet the health and clean-label requirements of customers.
- Mars, Incorporated
- Conagra Brands, Inc.
- Nestlé SA
- The Kraft Heinz Company
- Campbell Soup Company
- Unilever plc
- General Mills Inc.
- Tyson Foods, Inc.
- B&G Foods, Inc.
- Ajinomoto Co., Inc.
- 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:
|
| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| 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
7 Opportunities and Challenges in the Market
8 Global Ready Meals Market Overview
8.1 Key Industry Highlights
8.2 Global Ready Meals Historical Market (2018-2023)
8.3 Global Ready Meals Market Forecast (2024-2032)
8.4 Global Ready Meals Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Ready Meals Market Overview
9.1 Key Industry Highlights
9.2 North America Ready Meals Historical Market (2018-2023)
9.3 North America Ready Meals Market Forecast (2024-2032)
10 North America Ready Meals Market by Product Type
10.1 Frozen Ready Meals
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canned Ready Meals
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Dried Read Meals
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Ready Meals Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores and Grocery Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Ready Meals Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mars, Incorporated
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Conagra Brands, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Nestlé SA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 The Kraft Heinz Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Campbell Soup Company
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Unilever plc
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 General Mills Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Tyson Foods, Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 B&G Foods, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Ajinomoto Co., Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ready Meals Market: Key Industry Highlights, 2018 and 2032
2. North America Ready Meals Market: Key Industry Highlights, 2018 and 2032
3. North America Ready Meals Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. North America Ready Meals Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. North America Ready Meals Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6. North America Ready Meals Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7. North America Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. North America Ready Meals Market Structure
Key Questions Answered in the Report
In 2023, the ready meals market reached an approximate value of USD 54.49 billion.
The market is expected to grow at a CAGR of 4.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 78.23 billion by 2032.
A ready-made meal is a pre-packaged frozen or fresh meal. It requires no or very little preparation before consumption.
Pre-prepared meals help consumers save time and money while getting the nutrition required by the body.
The major drivers of the market include the popularity of ready meals among young consumers, the wide availability of ready meals, and the busy lifestyles of consumers.
Key trends aiding market expansion include the use of clean label and nutritious ingredients in ready meals, an advancement in food and beverage processing technology, and the availability of ready meals online.
Major countries in the market are the United States of America and Canada.
The common product types of ready meals are frozen ready meals, canned ready meals, and dried ready meals.
Key players in the market are Mars, Incorporated, Conagra Brands, Inc., Nestlé SA, The Kraft Heinz Company, Campbell Soup Company, Unilever plc, General Mills Inc., Tyson Foods, Inc., B&G Foods, Inc., Ajinomoto Co., Inc., and others.
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