Global Ready-to-Eat Food Market was valued at US$ 117.5 Bn in 2017 and is expected to reach US$ 211.4 Bn by 2026, at a CAGR of 7.62% during a forecast period.
Global Ready-to-Eat Food Market
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Ready-to-Eat Food Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Ready-to-Eat Food Market.
Based on product type, the meat/poultry is anticipated to hold the largest share in the global ready-to-eat food market growth during the forecast period. On the basis of the distribution channel, Hypermarkets and Supermarkets segment is expected to propel the global ready-to-eat food market in the forecast period owing to the growing number of hypermarkets and supermarkets in developing countries. Online segment is also estimated to drive the global ready-to-eat food market in the near future owing to the rising popularity of e-commerce website among consumers across the globe.
The global ready-to-eat food market is driven by rapid urbanization among developing countries. The rise in influence of western lifestyles on consumers across the globe, which is estimated to surge the global ready-to-eat food market growth during the forecast period. In addition, growing disposable incomes coupled with the busy lifestyle of consumers around the globe is projected to propel the global ready-to-eat food market growth in a positive way. A growing number of working women across the globe is also estimated to drive the global ready-to-eat food market growth in a positive way. Increased investments in R&D by manufacturers across the globe, which is propelling the global ready-to-eat food market growth. However, increasing concerns regarding health and fitness among consumers and government regulations and policies regarding food across the globe, which are expected to hamper the market growth in the forecast period. The global ready-to-eat food market is expected to fuel in the forecast period as the rise in popularity of ready-to-eat food among youngsters across the globe.
In terms of region, North America is expected to hold the largest share in the global ready-to-eat food market during the forecast period owing to increased consumer base in this region. In addition, developed economy and high living standards of the consumers, which are expected to fuel the global ready-to-eat food market in this region. The Asia Pacific is estimated to generate highest CAGR in the global ready-to-eat food market during the forecast period owing to changing lifestyles of consumers coupled with increasing disposable incomes of middle-class population in developing countries of this region such as India and China. Moreover, women are preferring being working women rather than a housewife, which is expected to propel the global ready-to-eat food market growth in Asia Pacific region during the forecast period. Europe is also anticipated to drive the global ready-to-eat food market growth in the near future owing to rising technological advancements and busy lifestyles in this region.
The Scope of the Report Ready-to-Eat Food Market
Global Ready-to-Eat Food Market, by Product Type
- Meat/Poultry Products
- Cereal Based Products
- Vegetable Based Products
Global Ready-to-Eat Food Market, by Packaging
- Frozen or Chilled
Global Ready-to-Eat Food Market, by Distribution Channel
- Hypermarkets and Supermarkets
- Conventional Store
Global Ready-to-Eat Food Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key Players Operating in Global Ready-to-Eat Food Market
- Birds Eye Ltd.
- Findus Group Ltd., ITC Limited
- Nomad Foods Ltd.
- Bakkavor Foods Ltd.
- General Mills Inc.
- McCain Foods.
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