What is the global market size of Ready Meals Market?

Global Ready Meals Market size was valued at USD 143.86 billion in 2021 and is poised to grow from USD 149.9 billion in 2022 to USD 225.28 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

Ready Meals Companies

Ready Meals Market Competitive Landscape

Top Players in the Global Ready Meals Market

Nestle
ConAgra Foods Inc.
Kraft Foods Group Inc.
Unilever PLC
Campbell Soup Company
Hormel Foods Corporation
The Hain Celestial Group, Inc.
The Schwan Food Company
The Kellogg Company
General Mills Inc.
McCain Foods Limited
Ajinomoto Co. Inc.
Bakkavor Group plc
Nomad Foods Europe Limited
Tyson Foods, Inc.
JBS S.A.
Kerry Group
Amy's Kitchen Inc.
The 2 Sisters Food Group
Dr. Oetker KG.

Ready Meals Market

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Global Ready Meals Market size was valued at USD 143.86 billion in 2019 and is poised to grow from USD 149.9 billion in 2023 to USD 225.28 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).

Global ready meal market is highly competitive and fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Moreover to enhance the demand for ready meals across geographies, the top competitors companies are also focusing on mergers and acquisitions. The top companies have presence in North America, Asia Pacific, and Europe. They are focusing on various sector like manufacturing facilities, along with strong distribution networks across these regions. 'Nestle', 'ConAgra Foods Inc.', 'Kraft Foods Group Inc.', 'Unilever PLC', 'Campbell Soup Company', 'Hormel Foods Corporation', 'The Hain Celestial Group, Inc.', 'The Schwan Food Company', 'The Kellogg Company', 'General Mills Inc.', 'McCain Foods Limited', 'Ajinomoto Co. Inc.', 'Bakkavor Group plc', 'Nomad Foods Europe Limited', 'Tyson Foods, Inc.', 'JBS S.A.', 'Kerry Group', 'Amy's Kitchen Inc.', 'The 2 Sisters Food Group', 'Dr. Oetker KG.'

In recent years, ready-to-eat food has evolved into one of the most diverse segments of the global ready meal market. Growing demand for organic frozen packaged meals is being driven by an increase in convenience patterns and an increase in demand for organic meals. Another stop for on-the-go consumers is the organic frozen food and beverage sector, which offers everything from frozen sweets to appetizers and meals. Consumers prefer organic frozen ready meals because they are free of microbiological and fungal contamination. Furthermore, the nutritional and health benefits provided by organic frozen ready meals have increased market demand. So, in order to appeal to a larger consumer base seeking health and flavor, frozen packaged food manufacturers are combining nutritious benefits with flavor-leading ingredients.

Consumers have begun to place a higher value on foods that provide functional benefits in addition to taste, increasing demand for healthy, natural, and safe ready meals. These organic food alternatives are having a positive impact on market growth. Health awareness and food safety concerns are causing more consumers to carefully select their ready meals in order to avoid negative health effects. Furthermore, organic ready meals derive a large portion of their value from consumer trust and the perception that the products are healthy.

North America held the largest share of the global market in 2021, accounting for 41.4%, with the United States being the largest consumer of pre-packaged meals. Consumers' changing food preferences, as a result of increased health awareness and food safety concerns, are driving product demand in the region. Furthermore, vegan, gluten-free, and organic pre-packaged foods derive a large portion of their value from consumer trust and the perception that the products are healthy. Because of their convenience, portability, and availability of new offerings, ready-to-eat dishes are becoming increasingly popular.

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Ready Meals Market Size, Share, Growth Analysis, By Product type(Frozen, Chilled, Canned, Shelf-stable Segment), By Distribution channel(Supermarkets & Hypermarkets, Convenience Stores, Online, others), By Region - Industry Forecast 2024-2031

Ready Meals Market Competitive Landscape

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Ready Meals Market Size, Share, Growth Analysis, By Product type(Frozen, Chilled, Canned, Shelf-stable Segment), By Distribution channel(Supermarkets & Hypermarkets, Convenience Stores, Online, others), By Region - Industry Forecast 2024-2031

Ready Meals Market Competitive Landscape

Ready Meals Market Report Snapshots

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