Market Overview:
The global ready-to-eat food market is expected to grow at a CAGR of 5.8% during the forecast period 2018-2030. The market is segmented by type, application and region. By type, fast food dominates the market with a share of more than 50%. This can be attributed to the increasing demand for convenience foods and rising disposable income of consumers in developing countries. canned food is another major segment in this market due to its longer shelf life as compared to other types of ready-to-eat foods.
Product Definition:
Ready-to-eat food is a type of food that has been prepared in a way that allows it to be eaten without any further cooking. This can include foods that have been pre-cooked, or foods that have been processed in a way that makes them safe to eat without additional preparation.
Fast Food:
Fast food is generally consumed by the working and young population. The factors that propel the growth of fast-food market include rising disposable income, changing lifestyle, increasing number of restaurants in a particular region or country, and growing popularity among kids. On the other hand there are also factors that hamper its growth such as obesity epidemic in many countries which leads to health issues like heart disease & diabetes.
The global fast-food industry was estimated at USD 439 billion in 2015.
Canned:
Canned food is basically food that has been sealed in a container and is suitable for human consumption. The product can be categorized into two types: processed and prepared. Processed canned foods include soups, vegetables, fruits, fish; whereas the prepared type includes meat products such as chicken and beef etc.
Application Insights:
The hypermarkets and supermarkets segment led the global ready-to-eat food market in 2017. The application of RTE foods in this segment is driven by growing consumer preference for convenience products, especially among working professionals. Furthermore, the rising number of grocery stores as well as hypermarkets/supermarkets is expected to positively influence market growth over the forecast period.
Rising demand for packaged meals and snacks among consumers particularly working professionals has been a major factor driving product demand in this segment. In addition, an increasing number of specialty food stores offering a wide range of RTE foods is anticipated to fuel industry expansion over the forecast period.
Regional Analysis:
Europe was the largest market for ready-to-eat foods in 2017 owing to high demand from countries, such as U.K., Germany, and France. Asia Pacific is expected to be the fastest growing regional market over the forecast period due to increasing awareness about health benefits of ready-to-eat food products and rising middle class population looking for affordable yet nutritious food options.
North America is also likely to witness significant growth over the next eight years on account of increasing R&D activities related with Ready To Eat (RTE) foods coupled with new product launches by key industry players including Kellogg's; Tyson Foods Inc.; General Mills Inc.; and Conagra Ltd. These companies are focusing on developing innovative products that can meet consumer needs across different categories, such as convenience food, ethnic cuisine, healthy snacks & meals prepared at home etc.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for ready-to-eat food products.
- Urbanization and changing lifestyles: The trend of urbanization is leading to a change in lifestyle, wherein people are becoming more time-pressed and are looking for convenient food options. This is driving the demand for ready-to-eat food products.
- Rise in number of working women: There has been a rise in the number of working women over the past few years, who do not have enough time to cook meals at home and prefer to buy ready-made food instead. This is contributing to the growth of the ready-to-eat food market.
- Growing popularity of convenience foods: Convenience foods such as pizzas, burgers, sandwiches etc., are becoming increasingly popular among consumers due to their easy preparation and great taste. This is boosting demand for ready-to-eat food products across different segments..
Scope Of The Report
Report Attributes
Report Details
Report Title
Ready-to-Eat Food Market Research Report
By Type
Fast Food, Canned, Puffed Food, Baked Goods, Baking, Preserved Fruit, Dried Fruit, Health Products, Others
By Application
Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, Others
By Companies
Nestle, ConAgra, Unilever, Kraft Heinz, Campbell Soup, Hormel Foods, The Schwan Food, JBS, Sigma Alimentos, Iglo Group (Nomad Foods), Sisters Food Group, Tyson Foods, Fleury Michon, Grupo Herdez, Greencore Group, Maple Leaf Foods, McCain, Advanced Fresh Concepts, Nomad Foods Ltd., Bakkavor Foods, Bird's Eye, Findus Group, General Mills, PepsiCo, Premier Foods Group, Orion Corporation, ITC Limited, Orkla ASA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Ready-to-Eat Food Market Report Segments:
The global Ready-to-Eat Food market is segmented on the basis of:
Types
Fast Food, Canned, Puffed Food, Baked Goods, Baking, Preserved Fruit, Dried Fruit, Health Products, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nestle
- ConAgra
- Unilever
- Kraft Heinz
- Campbell Soup
- Hormel Foods
- The Schwan Food
- JBS
- Sigma Alimentos
- Iglo Group (Nomad Foods)
- Sisters Food Group
- Tyson Foods
- Fleury Michon
- Grupo Herdez
- Greencore Group
- Maple Leaf Foods
- McCain
- Advanced Fresh Concepts
- Nomad Foods Ltd.
- Bakkavor Foods
- Bird's Eye
- Findus Group
- General Mills
- PepsiCo
- Premier Foods Group
- Orion Corporation
- ITC Limited
- Orkla ASA
Highlights of The Ready-to-Eat Food Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fast Food
- Canned
- Puffed Food
- Baked Goods
- Baking
- Preserved Fruit
- Dried Fruit
- Health Products
- Others
- By Application:
- Hypermarkets / Supermarkets
- Convenience Stores
- Food Specialty Stores
- Departmental Stores
- Online Retailers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ready-to-Eat Food Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ready-to-eat food is packaged and ready to eat, such as canned goods, boxed meals, and frozen foods.
Some of the major companies in the ready-to-eat food market are Nestle, ConAgra, Unilever, Kraft Heinz, Campbell Soup, Hormel Foods, The Schwan Food, JBS, Sigma Alimentos, Iglo Group (Nomad Foods), Sisters Food Group, Tyson Foods, Fleury Michon, Grupo Herdez, Greencore Group, Maple Leaf Foods, McCain, Advanced Fresh Concepts, Nomad Foods Ltd., Bakkavor Foods, Bird's Eye, Findus Group, General Mills, PepsiCo, Premier Foods Group, Orion Corporation, ITC Limited, Orkla ASA.
The ready-to-eat food market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ready-to-Eat Food Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ready-to-Eat Food Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ready-to-Eat Food Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ready-to-Eat Food Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ready-to-Eat Food Market Size & Forecast, 2018-2028
4.5.1 Ready-to-Eat Food Market Size and Y-o-Y Growth
4.5.2 Ready-to-Eat Food Market Absolute $ Opportunity
Chapter 5 Global Ready-to-Eat Food Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ready-to-Eat Food Market Size Forecast by Type
5.2.1 Fast Food
5.2.2 Canned
5.2.3 Puffed Food
5.2.4 Baked Goods
5.2.5 Baking
5.2.6 Preserved Fruit
5.2.7 Dried Fruit
5.2.8 Health Products
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ready-to-Eat Food Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ready-to-Eat Food Market Size Forecast by Applications
6.2.1 Hypermarkets / Supermarkets
6.2.2 Convenience Stores
6.2.3 Food Specialty Stores
6.2.4 Departmental Stores
6.2.5 Online Retailers
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ready-to-Eat Food Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ready-to-Eat Food Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ready-to-Eat Food Analysis and Forecast
9.1 Introduction
9.2 North America Ready-to-Eat Food Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ready-to-Eat Food Market Size Forecast by Type
9.6.1 Fast Food
9.6.2 Canned
9.6.3 Puffed Food
9.6.4 Baked Goods
9.6.5 Baking
9.6.6 Preserved Fruit
9.6.7 Dried Fruit
9.6.8 Health Products
9.6.9 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ready-to-Eat Food Market Size Forecast by Applications
9.10.1 Hypermarkets / Supermarkets
9.10.2 Convenience Stores
9.10.3 Food Specialty Stores
9.10.4 Departmental Stores
9.10.5 Online Retailers
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ready-to-Eat Food Analysis and Forecast
10.1 Introduction
10.2 Europe Ready-to-Eat Food Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ready-to-Eat Food Market Size Forecast by Type
10.6.1 Fast Food
10.6.2 Canned
10.6.3 Puffed Food
10.6.4 Baked Goods
10.6.5 Baking
10.6.6 Preserved Fruit
10.6.7 Dried Fruit
10.6.8 Health Products
10.6.9 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ready-to-Eat Food Market Size Forecast by Applications
10.10.1 Hypermarkets / Supermarkets
10.10.2 Convenience Stores
10.10.3 Food Specialty Stores
10.10.4 Departmental Stores
10.10.5 Online Retailers
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ready-to-Eat Food Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ready-to-Eat Food Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ready-to-Eat Food Market Size Forecast by Type
11.6.1 Fast Food
11.6.2 Canned
11.6.3 Puffed Food
11.6.4 Baked Goods
11.6.5 Baking
11.6.6 Preserved Fruit
11.6.7 Dried Fruit
11.6.8 Health Products
11.6.9 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ready-to-Eat Food Market Size Forecast by Applications
11.10.1 Hypermarkets / Supermarkets
11.10.2 Convenience Stores
11.10.3 Food Specialty Stores
11.10.4 Departmental Stores
11.10.5 Online Retailers
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ready-to-Eat Food Analysis and Forecast
12.1 Introduction
12.2 Latin America Ready-to-Eat Food Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ready-to-Eat Food Market Size Forecast by Type
12.6.1 Fast Food
12.6.2 Canned
12.6.3 Puffed Food
12.6.4 Baked Goods
12.6.5 Baking
12.6.6 Preserved Fruit
12.6.7 Dried Fruit
12.6.8 Health Products
12.6.9 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ready-to-Eat Food Market Size Forecast by Applications
12.10.1 Hypermarkets / Supermarkets
12.10.2 Convenience Stores
12.10.3 Food Specialty Stores
12.10.4 Departmental Stores
12.10.5 Online Retailers
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ready-to-Eat Food Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ready-to-Eat Food Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ready-to-Eat Food Market Size Forecast by Type
13.6.1 Fast Food
13.6.2 Canned
13.6.3 Puffed Food
13.6.4 Baked Goods
13.6.5 Baking
13.6.6 Preserved Fruit
13.6.7 Dried Fruit
13.6.8 Health Products
13.6.9 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ready-to-Eat Food Market Size Forecast by Applications
13.10.1 Hypermarkets / Supermarkets
13.10.2 Convenience Stores
13.10.3 Food Specialty Stores
13.10.4 Departmental Stores
13.10.5 Online Retailers
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ready-to-Eat Food Market: Competitive Dashboard
14.2 Global Ready-to-Eat Food Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 ConAgra
14.3.3 Unilever
14.3.4 Kraft Heinz
14.3.5 Campbell Soup
14.3.6 Hormel Foods
14.3.7 The Schwan Food
14.3.8 JBS
14.3.9 Sigma Alimentos
14.3.10 Iglo Group (Nomad Foods)
14.3.11 Sisters Food Group
14.3.12 Tyson Foods
14.3.13 Fleury Michon
14.3.14 Grupo Herdez
14.3.15 Greencore Group
14.3.16 Maple Leaf Foods
14.3.17 McCain
14.3.18 Advanced Fresh Concepts
14.3.19 Nomad Foods Ltd.
14.3.20 Bakkavor Foods
14.3.21 Bird's Eye
14.3.22 Findus Group
14.3.23 General Mills
14.3.24 PepsiCo
14.3.25 Premier Foods Group
14.3.26 Orion Corporation
14.3.27 ITC Limited
14.3.28 Orkla ASA
