Global Ready Meals Market

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 2025-2032


Report ID: SQSG25Q2002 | Region: Global | Published Date: April, 2024
Pages: 261 | Tables: 65 | Figures: 75

Ready Meals Market Insights

Ready Meals Market size was valued at USD 149.9 Billion in 2023 and is poised to grow from USD 157.54 Billion in 2024 to USD 236.77 Billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

Ready meals are typically cooked meals that require little to no additional cooking or processing before consumption. The convenience of prepared meals influences demand because it saves time, requires fewer cooking efforts, and is easy to handle and store. Consumer food preferences are shifting toward ready-to-eat food products as a result of the hectic work schedules of college students and the busy lifestyles of working people. People's preferences for packaged meals are constantly changing as they seek higher-quality ingredients, greater variety, and faster delivery. Customers are willing to pay a premium for ready-to-eat takeaways and same-day delivery as a result of this. According to the Ready Meals 2020 Snapshot Survey conducted by Eating Better, 88% of adults in the U.K. eat ready breakfasts and dinners or ready-to-cook foods on a weekly basis, and two out of every five people eat packaged meals.

During the Covid-19 pandemic the people were preferring ready meal as there were restriction for movement and it was easily available at affordable price and convenient to store for longer duration. Also, the fear of spreading the corona virus in open spaces made people to purchase ready meals instead of fresh food.

US Ready Meals Market is poised to grow at a sustainable CAGR for the next forecast year.

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Ready Meals Market size was valued at USD 149.9 Billion in 2023 and is poised to grow from USD 157.54 Billion in 2024 to USD 236.77 Billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

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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Global Ready Meals Market

Report ID: SQSG25Q2002

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