Global Ready-To-Eat Food Market Size, Trends and Growth Opportunity, By Product Type (Vegetable-
Based, Cereal Based, Meat/Poultry and Others), By Packaging (Canned, Retort, Frozen or Chilled And
Others), By Distribution Channel (Online Store, Departmental/ Convenience Store, Specialty Store,
Supermarket/ Hypermarket and Others), By Region and Forecast Till 2027
Global Ready-to-Eat Food Market
The global ready-to-eat food market was valued at US$ 1,80,000 million in 2021 and it is expected to
reach at US$ 3,76,945.81 billion in 2027 at a CAGR of 10.5% during forecast period 2022-2027.
Hectic and dynamic lifestyle of people inclining them towards adoption of ready to eat food as they
are pre-cooked, pre-cleaned, mostly packaged and ready for consumption without prior preparation
or cooking. Increase in disposable income, shortage of time and change in lifestyle all these factor
influence the growth of ready-to-eat food market.
Market Drivers
The rising food and beverages industry, increasing working population and improving customer
lifestyle escalating the demand for RTE food. Supermarkets/Hypermarkets made the largest
contribution to the global market. The growth of ready meals market is driven by the increase in the
convenience offered, time saving and little effort required for the preparation of these meals.
Market Restraint
Artificial or Chemical preservatives are meant to keep foods from being contaminated but are ones
that cause health issues. These preservatives may cause breathing difficulties such as asthma and
bronchitis. This factor act as a restraining factor in this growth.
COVID-19 Impact on Ready-to-Eat Food Market
With the outbreak of covid-19 several industries has adversely affected due to various restriction
and lockdown imposed by government including restaurants and other eateries. During this time
started buying packaged foods due to their longer shelf life and convenience in cooking this lead to
grow the market for ready-to-eat food.
Market Segmentation
The global ready-to-eat food market segmented on the basis of product type, packaging and
distribution channel. On the basis of product type vegetable-based, cereal based, meat/poultry and
others. On the basis of packaging, it segmented into canned, retort, frozen or chilled and others. On
the basis of distribution channel it segmented into online store, departmental/ convenience store,
specialty store, supermarket/ hypermarket and others.
Regional Analysis
The global ready-to-eat food market segmented into five regions North America, Europe, Latin
America, Asia Pacific, Middle East and Africa. North America accounted for the largest share globally
due to awareness among consumer regarding food safety and healthy eating habits driving the
growth of this market. Asia Pacific is also witnessing a significant rise due to increasing target
population in the region.
Key Players
Various key players are listed in this report such as Bakkavor Foods Ltd., McCain Foods, 2 Sisters
Food Group, Orkla ASA, ITC Limited, General Mills Inc., Premier Foods Group Ltd, Nestle, Kellog
Company, Tyson Food.
Market Taxonomy
By Product Type
- Vegetable-Based
- Cereal Based
- Meat/Poultry
- Others
- Canned
- Retort
- Frozen
- Chilled
- Others
- Online store
- Departmental/ convenience store
- Specialty store
- Supermarket/ Hypermarket
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Ready-to-Eat Food Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Ready-to-Eat Food Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Ready-to-Eat Food Market Share Analysis, By Product Type
- 5.3 Global Ready-to-Eat Food Market Size and Forecast, By Product Type
- 5.3.1 Vegetable-Based
- 5.3.2 Cereal Based
- 5.3.4 Meat/Poultry
- 5.3.5 Others
- 6 Global Ready-to-Eat Food Market, By Packaging
- 6.1 Y-o-Y Growth Comparison, By Packaging
- 6.2 Global Ready-to-Eat Food Market Share Analysis, By Packaging
- 6.3 Global Ready-to-Eat Food Market Size and Forecast, By Packaging
- 6.3.1 Canned
- 6.3.2 Retort
- 6.3.3 Frozen or Chilled
- 6.3.4 Others
- 7 Global Ready-to-Eat Food Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Ready-to-Eat Food Market Share Analysis, By Distribution Channel
- 7.3 Global Ready-to-Eat Food Market Share Analysis, By Distribution Channel
- 7.3.1 Online Store
- 7.3.2 Departmental/ Convenience Store
- 7.3.3 Specialty Store
- 7.3.4 Supermarket/ Hypermarket
- 7.3.5 Others
- 8 Global Ready-to-Eat Food Market, By Region
- 8.1 Global Ready-to-Eat Food Market Share Analysis, By Region
- 8.2 Global Ready-to-Eat Food Market Share Analysis, By Region
- 9 North America Ready-to-Eat Food Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Ready-to-Eat Food Market Share Analysis, By Product Type
- 9.3 North America Ready-to-Eat Food Market Size and Forecast, By Packaging
- 9.4 North America Ready-to-Eat Food Market Size and Forecast, By Distribution Channel
- 9.5 North America Ready-to-Eat Food Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Ready-to-Eat Food Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Ready-to-Eat Food Market Share Analysis, By Product Type
- 10.3 Europe Ready-to-Eat Food Market Size and Forecast, By Packaging
- 10.4 Europe Ready-to-Eat Food Market Size and Forecast, By Distribution Channel
- 10.5 Europe Ready-to-Eat Food Market Size and Forecast, By
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Ready-to-Eat Food Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Europe Ready-to-Eat Food Market Size and Forecast, By Product Type
- 11.3 Europe Ready-to-Eat Food Market Size and Forecast, By Packaging
- 11.4 Europe Ready-to-Eat Food Market Size and Forecast, By Distribution Channel
- 11.5 Europe Ready-to-Eat Food Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Ready-to-Eat Food Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Ready-to-Eat Food Market Size and Forecast, By Product Type
- 12.3 Latin America Ready-to-Eat Food Market Size and Forecast, By Packaging
- 12.4 Latin America Ready-to-Eat Food Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Ready-to-Eat Food Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Ready-to-Eat Food Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle Ready-to-Eat Food Market Share Analysis, By Product Type
- 13.3 Middle Ready-to-Eat Food Market Size and Forecast, By Packaging
- 13.4 Middle Ready-to-Eat Food Market Size and Forecast, By Distribution Channel
- 13.5 Middle Ready-to-Eat Food Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1. Bakkavor Foods Ltd.
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Development
- 15.1.6 Key Strategies
- 15.2. McCain Foods
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. 2 Sisters Food Group
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4. Orkla ASA
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. ITC Limited
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. General Mills Inc.
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Premier Foods Group Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8. Nestle
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9. Kellog Company
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Tyson Food
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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