Frozen convenience foods sold by food supply chain companies continue to contribute significantly to revenue. Additional revenue share is expected soon as convenience stores expand their frozen ready meal selection and internet sales tap into previously untapped market opportunities.
DALLAS, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has a newly released an expansive study titled “Global Ready to Eat Food Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and succeeding in the market. The Ready to Eat Food report provides an explanation of market trends, prospects, market restraints, leading market drivers, market segments, key developments, key players in the market, and competitor strategies. Ready to Eat Food report is very consistent as all the data and information regarding this industry is derived via authentic sources such as websites, journals, annual reports of the companies, and magazines. CAGR values mentioned in the report give evaluations about the rise or fall of the product demand in the forecasted period. Data and information included in this report aid businesses take superior decisions and improving return on investment (ROI).
Data Bridge Market Research analyses that the ready to eat food market was growing at a value of USD 163.1 million in 2021 and is expected to reach a value of USD 250.31 million and register a CAGR of 5.50% from 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
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Historic Years - 2020 (Customizable to 2014 - 2019)
In recent years, ready-to-eat food has emerged as one of the most versatile segments of the global ready to eat food market. A rise in convenience trends and a parallel increase in demand for specific meal solutions has resulted in strong demand for frozen ready-to-eat food. The food and beverage industry is viewed as a one-stop shop for customers on the go, offering everything from frozen sweets to appetisers and meals.
Ready-to-eat food is a type of packaged cooked food that does not require additional processing to ensure quality. It can be frozen, shelf-stable with minimal heating, or served hot. Some foods must be refrigerated until used, while others require special handling to ensure food quality.
Online grocery shopping and the introduction of new apps that make it easier for consumers to select their preferred products are two of the most recent market trends. Customers prefer online shopping because it is more convenient and diverse. According to Eurostat, nearly a quarter of the population bought food and groceries from online retailers. As the Internet and smartphone penetration increase, retail ready meal shopping is emerging as one of the platforms for companies to showcase and sell their food products.
Some of the major players operating in the Ready to Eat Food market are
The Hain Celestial Company (U.S.)
AGRARFROST GMBH & CO. K.G. (Germany)Agristo (Belgium)
Bart’s Potato Company bvba (Belgium)
Himalaya Food International Ltd. (India)
J.R. Simplot Company (U.S.)
McCain Foods Ltd. (U.K.)
Lamb Weston Holdings, Inc. (U.K.)
General Mills, Inc. (U.S.)
Mondelēz International, Inc. (U.S.)
THE KRAFT HEINZ COMPANY (U.S.)
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In 2021, Nomad Foods announced an agreement with Fortenova Grupa d. d. to acquire Fortenova's Frozen Food Business Group (FFBG) in cash for USD 724 million to expand its product portfolio, as FFBG offers a wide range of frozen meals and has a large distribution channel in Eastern Europe.
Conagra Brands Inc. launched its extensive summer line products in 2021 to provide manufacturers inside single-serve frozen meals and collect brands with new Banquet, Marie Callender's, Wholesome Alternative®, and Hungry Man dishes. Conagra's mission is to please customers by providing nutritious frozen foods.
In 2020, the Dutch start-up Lazy Vegan released its latest frozen ready meal, "Thai Green Curry," which is gluten-free and soy-free. It also launched vegan frozen meals with plant-based chicken and Ready to Eat Food in order to establish a strong presence in the European market.
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Ready to Eat Food Market Regional Analysis/Insights
The countries covered in the ready to eat food market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the ready to eat food market as a result of an increase in demand for frozen Ready to Eat Food caused by the COVID-19 pandemic, which has affected several countries. Furthermore, the region's population growth, rapid urbanisation, and increased customer awareness of the benefits of frozen food will drive the growth of the ready to eat food market during the forecast period.
Asia-Pacific is expected to see significant growth in the ready to eat food market because of the rise in the trend of ready-to-eat food among the working-class population. Furthermore, the substantial increase in demand for frozen food due to the decrease in time for preparing and cooking is expected to further propel the market growth in the region.
How the Report Aids Your Business Discretion?
This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
New player entry analysis and their scope of new business models
The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
Details on market estimations, market size, dimensions
A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market
Part 02: Scope Of The Report
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Ready to Eat Soup Market, By Product Type (Tomato Ready to Eat Soup, Beans Ready to Eat Soup, Chicken Ready to Eat Soup, Beef Ready to Eat Soup, Mixed Vegetables Ready to Eat Soup, Others), Form (Dry Soup, Wet Soup), Nature (Conventional, Organic), Packaging Type (Bottles, Cans, Packets), Application (Retail, Catering and Industrial, Others), Distribution Channel (HoReCa, B2C), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-ready-to-eat-soup-market
Ready to Drink Tea and Ready to Drink Coffee Market, By Additives (Flavours, Artificial Sweeteners, Acidulates, Nutraceuticals, Preservatives and Others), Type (Black Tea, Green Tea, Oolong Tea, Fruit & Herbal Based Tea, Taurine, Guarana, Vitamin B, Ginseng, Yerba Mate, Acai Berry), Packaging (Glass Bottle, Canned, Pet Bottle, Sachets, Fountain/Aseptic/Cartons, and Others), Price (Premium, Regular and Super Premium), Distribution Channel (Off-Trade and On-Trade), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/global-ready-drink-tea-ready-drink-coffee-market
Frozen Ready Meals Market, By Type (Frozen Rice Mixes, Frozen Quinoa Food Mixes, Frozen Pizza, Frozen Pasta, Frozen Wraps & Rolls, Frozen Snacks, Frozen Ice Cream, Frozen Yogurt, Frozen Cakes, Frozen Sorbet And Sherbet, Frozen Custard, Frozen Drinks, Frozen Savory Products And Frozen Soup, Frozen Dairy Products, Frozen Chicken Products, Frozen Seafood Products, And Others), Category (Organic And Conventional) Technology (Flash-Freezing/ Individual Quick Freezing (IQF), Belt Freezing, High Pressure-Assisted Freezing, And Others), End User (Food Service Sector And Households), Packaging Technique (Freezing Technique And Equipment And Freezing Ready Meals Packaging And Distribution Channel (Store-Based And Non-Store Retailers) - Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/global-frozen-ready-meals-market
Ready to Drink Premixes Market, By Type (Ready to Drinks and High Strength Premixes), Distribution Channel (Specialty Stores, Modern Trade, Duty-Free Stores, Online Stores and Other), Product Type (Alcoholic Beverages and Non-Alcoholic Beverages) and Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-ready-to-drink-premixes-market
Ready to Drink Coffee Market, By Nature (Natural, Conventional, Organic), Product Type (Iced Coffee, Coffee Latte, Black Coffee, Others), Price Range (Economical, Mid-Range, Premium), Packaging (Bottles, Cans, Carton Packaging, Tubs, Others), Flavour (Vanilla, Mocha, Caramel, Others Flavours), Sales Channel (Store-Based Retailing, E-Commerce) https://www.databridgemarketresearch.com/reports/global-ready-to-drink-coffee-market
Ready to Drink/High Strength Premixes Market By Type (Malt Based RTDs, Spirit Based RTDs, Wine Based RTDs, Others), Processing Type (Single Compound and Blended), Gender (Male and Female), Packaging Type (Bottle, Cans and Others), Trade (Off- Trade, On-Trade) https://www.databridgemarketresearch.com/reports/global-ready-to-drink-high-strength-premixes-market
Asia-Pacific Ready to Drink/ High Strength Premixes Market By Type (Malt-Based RTDs, Spirit-Based RTDs, Wine-Based RTDs, Others), Processing Type (Single Compound, Blended), Gender (Male, Female), Packaging Type (Bottle, Can, Others ), Trade (Off-Trade, On-Trade), Country (China, Australia, Japan, South Korea, New Zealand, India, Indonesia, Singapore, Thailand, Malaysia, Philippines, Vietnam and Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-ready-to-drink-high-strength-premixes-market
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