Ready-to-Eat Food Market 2019 to Witness Excellent Long-Term Growth Outlook, Forecast 2026

Press release   •   Jul 29, 2019 12:32 IST

The report “Global Ready-to-Eat Food Market by product type (Meat/Poultry Products, Cereal Based Products, Vegetable Based Products, and Others), by packaging (Canned, Frozen or Chilled, Retort, and Others), by distribution channel (Hypermarkets and Supermarkets, Conventional Store, Online, and Others), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Ready-to-Eat Food Market was valued at US$ 117.5 Bn in 2017 and is expected to reach US$ 211.4 Bn by 2026, at a CAGR of 7.62% during a forecast period.

Global ready-to-eat food market is driven by the rise in popularity of ready-to-eat food products among the younger population and working-class consumers across the globe. The rise in influence of western lifestyles on consumers across the globe, which is estimated to surge the global ready-to-eat food market growth during the forecast period.

A growing number of working women across the globe is also estimated to drive the global ready-to-eat food market growth in a positive way. Increased investments in R&D by manufacturers across the globe, which is propelling the global ready-to-eat food market growth. However, increasing concerns regarding health and fitness among consumers and government regulations and policies regarding food across the globe, which are expected to hamper the market growth in the forecast period.

The hypermarkets and supermarkets segment are leading the Ready-to-Eat Food Market.
The Hypermarkets and Supermarkets segment is expected to propel the global ready-to-eat food market in the forecast period owing to the growing number of hypermarkets and supermarkets in developing countries. Online segment is also estimated to drive the global ready-to-eat food market in the near future owing to the rising popularity of e-commerce website among consumers across the globe.
North America is the leading regional market for Ready-to-Eat Food Market.
North America is expected to hold the largest share in the global ready-to-eat food market during the forecast period owing to increased consumer base and changing eating preferences of consumers in this region. Moreover, developed economy and high living standards of the consumers, which are expected to fuel the global ready-to-eat food market in this region. The Asia Pacific is estimated to generate highest CAGR in the global ready-to-eat food market during the forecast period owing to changing lifestyles of consumers coupled with increasing disposable incomes of middle-class population in developing countries of this region such as India and China. Europe is also anticipated to drive the global ready-to-eat food market growth in the near future owing to rising technological advancements and busy lifestyles in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Birds Eye Ltd., Findus Group Ltd., ITC Limited, Nestle, Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills Inc., McCain Foods., Premier Foods Group Ltd., 2 Sisters Food Group., Greencore Group Plc., Orkla ASA, ConAgra Foods Inc., Teleflex Incorporated, Conagra Brands, Inc., Unilever, The Kraft Heinz Company., CSC Brand LP., Hormel Foods Corporation., Tyson Foods, Inc., Fleury Michon, Grupo Herdez Food Services, and Greencore Group.

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Ready-to-Eat Food Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Ready-to-Eat Food Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Ready-to-Eat Food Market positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Ready-to-Eat Food Market”.

Maximize Consulting, are a strong unified team of industry specialists and analysts across sectors to ensure entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends and futuristic – the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, our approach is uniquely custom detailed.