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Global Ready Meals Market Size, Share, Report, Forecast: By Product: Frozen, Chilled, Canned, Shelf-stable; By Meal Type: Vegetarian, Non-vegetarian, Vegan; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Ready Meals Market Outlook

The global ready meals market size reached approximately USD 149.21 billion in 2023. The market is estimated to grow at a CAGR of 4.9% in the forecast period of 2024-2032, reaching a value of around USD 230.24 billion by 2032.

Key Trends in the Market

Ready meals or ready-to-eat meals refer to precooked and packaged meals that only require heating before consumption. These meals are a convenient option for individuals with hectic lifestyles who do not have the leisure of cooking meals from scratch every day.

The increased preference for healthy readymade meals such as vegan, Mediterranean, and paleo, among others, due to growing health awareness among consumers is one of the key ready meals market trends. These meals are rich in vitamins, minerals, lean proteins, and antioxidants, among other nutrients, that offer a wide range of health benefits and make them popular among health and fitness enthusiasts.

There is a notable shift in consumer preference towards organic readymade meals as they are free of any artificial additives, chemicals, and pesticides, and consist of natural ingredients, which further provides impetus to the ready meals market growth.

With the growing trend of sustainability, there is a surge in the implementation of green packaging solutions such as PET, paper containers, and PVC and PE stretch films in ready meals.

Market Analysis

Based on product, the market is categorised into frozen, chilled, canned, and shelf-stable. On the basis of meal type, the market is divided into vegetarian, non-vegetarian, and vegan. The ready meals market segmentation, based on distribution channel, includes supermarkets and hypermarkets, convenience stores, and online, among others. The major regional markets of ready meals are 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 ready meals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Nestle S.A.

Mars, Incorporated

General Mills Inc.

Dr. August Oetker Nahrungsmittel KG

Tyson Foods, Inc.

Conagra Brands, Inc.

Hormel Foods, LLC

McCain Foods Ltd.

Nomad Foods

Boparan Holdings Limited

Others

Market Share by Distribution Channel

As per the ready meals market analysis, supermarkets and hypermarkets account for a significant share of the global market owing to their increased convenience and accessibility to consumers. These stores offer a wide variety of ready-to-eat products such as readymade snacks, salads, and soups. Additionally, the provision of free sampling of ready meals in several stores offers consumers the leisure to test out the product before purchasing, which further enhances the appeal of supermarkets and hypermarkets among consumers.

Market Share by Region

North America occupies a sizeable portion of the global ready meals market share due to the fast-paced life in urban areas, which fuels the demand for prepacked and processed foods. The robust popularity of vegan, gluten-free, and organic diets among consumers due to the rising trend of health and wellness also offers lucrative growth opportunities to the market. Furthermore, innovative measures by players such as the incorporation of new flavours and eco-friendly packaging solutions to gain a competitive edge provide a positive outlook for the market expansion.

Competitive Landscape

Nestle S.A., incorporated in 1866, is a food and drink processing corporation, with its headquarters in Vevey, Switzerland. The company focuses on providing a balanced and sustainable diet to its consumers by incorporating fibres, proteins, and whole grains in its products.

Mars, Incorporated, founded in 1911, is one of the major providers of confectionery and pet food items. The company, based in Virginia, the United States, focuses on delivering superior quality food products to its consumers.

General Mills Inc., established in 1856 and headquartered in Minnesota, the United States, is a manufacturer of processed consumer food products. The company includes brands such as Pillsbury, Betty Crocker, Nature Valley, and Häagen-Dazs, among others.

Other ready meals market players include Dr. August Oetker Nahrungsmittel KG, Tyson Foods, Inc., Conagra Brands, Inc., Hormel Foods, LLC, McCain Foods Ltd., Nomad Foods, and Boparan Holdings Limited, 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: Product Meal Type Distribution Channel Region
Breakup by Product	Frozen Chilled Canned Shelf-stable
Breakup by Meal Type	Vegetarian Non-vegetarian Vegan
Breakup by Distribution Channel	Supermarkets and Hypermarkets Convenience Stores Online Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Nestle S.A. Mars, Incorporated General Mills Inc. Dr. August Oetker Nahrungsmittel KG Tyson Foods, Inc. Conagra Brands, Inc. Hormel Foods, LLC McCain Foods Ltd. Nomad Foods Boparan Holdings Limited Others

*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 Ready Meals Market Analysis
   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 by Product
       8.4.1   Frozen
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Chilled
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Canned
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
       8.4.4   Shelf-stable
           8.4.4.1   Historical Trend (2018-2023)
           8.4.4.2   Forecast Trend (2024-2032)
   8.5   Global Ready Meals Market by Meal Type
       8.5.1   Vegetarian
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Non-vegetarian
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Vegan
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
   8.6   Global Ready Meals Market by Distribution Channel
       8.6.1   Supermarkets and Hypermarkets
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Convenience Stores
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Online
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Others
   8.7   Global Ready Meals Market by Region
       8.7.1   North America
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1   Historical Trend (2018-2023)
           8.7.5.2   Forecast Trend (2024-2032)
9   North America Ready Meals Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Ready Meals Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Ready Meals Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Ready Meals Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Ready Meals Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   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   Nestle S.A.
           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   Mars, Incorporated
           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   General Mills Inc.
           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   Dr. August Oetker Nahrungsmittel KG
           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   Tyson Foods, Inc.
           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   Conagra Brands, Inc.
           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   Hormel Foods, LLC
           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   McCain Foods Ltd.
           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   Nomad Foods
           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   Boparan Holdings Limited
           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   Others
16   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.   Global Ready Meals Historical Market: Breakup by Product (USD Billion), 2018-2023
3.   Global Ready Meals Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.   Global Ready Meals Historical Market: Breakup by Meal Type (USD Billion), 2018-2023
5.   Global Ready Meals Market Forecast: Breakup by Meal Type (USD Billion), 2024-2032
6.   Global Ready Meals Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.   Global Ready Meals Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.   Global Ready Meals Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Ready Meals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Ready Meals Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Ready Meals Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Ready Meals Market Structure

Key Questions Answered in the Report

What was the ready meals market value in 2023?

In 2023, the market reached an approximate value of USD 149.21 billion.

What is the growth rate of the ready meals market?

The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.

What is the forecast outlook of the ready meals market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 230.24 billion by 2032.

What are the major market drivers?

The major market drivers are the facility of product testing offered in supermarkets and hypermarkets and the shift in consumer preferences towards ready-to-eat or processed foods due to the hectic lifestyle of the young population.

What are the key trends of the market?

The key trends of the market include increased incorporation of healthy readymade meals, a notable shift in consumer preference towards organic readymade meals, and a surge in the implementation of green packaging solutions.

What are the major regional markets for ready meals, according to the report?

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

What are the various products covered in the market report?

Various products are frozen, chilled, canned, and shelf-stable.

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

The key players in the market are Nestle S.A., Mars, Incorporated, General Mills Inc., Dr. August Oetker Nahrungsmittel KG, Tyson Foods, Inc., Conagra Brands, Inc., Hormel Foods, LLC, McCain Foods Ltd., Nomad Foods, and Boparan Holdings Limited, among others.

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