North America and Europe Ready Meals Market Research Information By Source {Legumes (Beans, Chickpeas, Peas and Others), Grain (Oats, Wheat, Corn, Rice and Others)}, by Category (Ready to Eat and Ready to Cook), by Nature (Organic and Conventional), by End User (Residential and Commercial), by Distribution Channel {Store-Based (Supermarkets & Hypermarkets, Specialty Stores, Convenience Store), Non-Store Based (E-Commerce and Company Based Website)} Industry Forecast to 2032
The market for ready meals is expanding significantly in North America and Europe because of shifting customer preferences for convenient food options, rising urbanization, and changing lifestyles. Ready meals accommodate hectic schedules and demanding lives by providing consumers with convenient and expedient meal options. The ready-meal market in North America and Europe is distinguished by a wide array of goods that satisfy different dietary requirements and preferences. These products include frozen, chilled, and shelf-stable options.
The ready meal market in North America and Europe was estimated to be worth USD 27,483.89 million in 2022 and is projected to increase at a compound annual growth rate (CAGR) of 4.52% to reach USD 42,650.48 by 2032.
Market SegmentationThe ready meal markets in North America and Europe are divided into two categories, according to Source: Legumes (beans, chickpeas, peas, and other items) and Grain (oats, wheat, corn, rice, and other items).
The ready-meal market in North America and Europe has been divided into two segments: Ready to Eat and Ready to Cook, based on category.
The market has been divided into Organic and Conventional categories based on nature.
The market has been divided into Residential and Commercial segments based on End-User.
The market has been divided into Economy/Mass and Premium segments based on pricing.
The ready meal market in North America and Europe has been divided into two segments based on the distribution channel: Store-Based (which includes Supermarkets & Hypermarkets, Specialty Stores, Convenience Stores) and Non-Store-Based (which includes E-Commerce and Company Based Website).
The market has been divided into two segments: Frozen and Regular/Canned.
Regional InsightsRecent years have seen tremendous expansion and change in the North American ready meal business, driven by shifting customer preferences for convenient food options, urbanization, and changing lifestyles. In many households throughout the region, ready meals—which include a broad variety of pre-packaged, readily prepared food items—have become a mainstay.
Ready meals made with legumes and grains are in high demand in Germany, a country renowned for its emphasis on sustainability and health. This trend is driven by a growing preference for plant-based diets. The market for prepared meals in the UK exhibits a similar trend toward more sustainable and healthful solutions. Italy, known for its rich culinary history, offers a distinct environment in the European quick meal sector. France, a country renowned for its culinary customs, boasts a varied and dynamic market for prepared meals.
Key PlayersSeneca Foods Corporation, Del Monte Foods Inc., Iceland Foods Ltd., Kellanova, Conagra Brands, Inc., General Mills Inc., Nestle S.A., Del Monte Foods Inc., Archer-Daniels-Midland Company (ADM), Cirio UK, Quaker Oats Company, and Seneca Foods Corporation are the main rivals in the market.