Ready-to-Eat Meals Market Trend | COVID – 19 Outbreak, Demand by Forecast to 2024


Posted September 2, 2020 by taursuraj56

Ready-to-Eat Meals Market Global Research Report by Type (Rice & Noodles, Salads, Gravies & Curries, Pasta & Pizzas, Soups and others) and Distribution Channel
 
Market Overview

Ready to Eat Meals have emerged as the next big trend in the food and beverage sector. The market has developed rapidly due to the prevalence of a fast paced lifestyle, especially in urban areas. Market Research Future, which focusses on market reports associated to Food, Beverages & Nutrition sector among others, have lately made available a report on this industry. The sector is expected to grow at a CAGR rate of 6% approx. from the year 2016 to 2024.

Amplified development in terms of food preparation and processing have been a positive stimulant to the expansion of the market. Heightened preference of working professionals for easy to make meal options has fuelled the evolution of the market at a swift pace. Health based meals have also been of the quickly growing areas of the market as individuals are on the lookout for meals that are precooked.

Global Competitive Analysis

With the entrance of new companies, existing companies are trying to achieve an extensive share of the industry share urgently with operative business plans that can fill the void and settle the dynamics of the rivalry in the market. The segment players are trying to attain a huge share in the market segment, which is quickly – evolving. Solid growth trends have also been perceived for the industry with the development of diverse assortments of products. The best growth opportunities for the long term in this sector can be captured by warranting ongoing process improvements and financial elasticity to capitalize on optimal strategies.

Key Players

The important players profiled in the for Ready-to-Eat Meals Market Trend are Bakkavor Group Ltd (U.K.), Premier Foods Group Ltd (U.K.), General Mills (U.S.), (British Virgin Islands), Nomad Foods Ltd and McCain Foods (Canada) to name a few.

Latest Industry News

Jan 2018 Anoki, Nottingham’s Indian restaurant has fashioned a range of ready to eat meals for consumers to eat at home or as per their convenience. They have debuted the new variety of pre-cooked meals after an enormously positive pilot scheme last year. The range comprises few of the restaurant’s best and popular dishes, with an assortment of seven main courses, starters, naan breads and rice. The meals are prepared fresh every day by the chefs.

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Industry Segments

The market for ready to eat meals has been divided on product types into bakery, ready meals and mixes, non-alcoholic beverages, herbs and spices, soups, noodles and pasta among others. The packaging segment of the industry includes of box, can, vacuum pack sachet, bag and others. The cuisine type divides the market into Italian, Indian, Continental, Chinese and others. The specialty type segment of the market is categorized into preservative free, vegetarian, natural, non-vegetarian and others. The form segment divides the market into frozen, dried, cooked, instant, fresh and others.

Detailed Regional Analysis

The Industry for Global Ready to Eat Meals is divided into Europe, North America, Asia Pacific, and Rest of the World (RoW). Among the different regions, the North American region has the main market share trailed by Europe and Asia Pacific. Rising population and increase in disposable income in Asia Pacific Region is boosting the demand for ready to eat meals in this region.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Last Updated September 2, 2020