(Food-Beverage-News.Com, August 26, 2017 ) The global ready meals market, valued at USD 194.06 billion in 2016 is expected to grow at a CAGR of more than 13.6% during the forecast period. Nestle, one of the prominent vendors of ready meals, has a global market value of more than USD 7 billion.
Global Ready Meals Market Dynamics
Convenience, due to high-speed cooking time, makes ready meals ideal for working professionals. Cost effectiveness as compared to restaurant food, urbanization, and an increase in population drives this market. Though health concerns restrain the market, the perception of consumers towards ready meals has been improving constantly. The need for constant innovation is a challenge for the manufacturers.
The global ready meals market has been segmented on the basis of product type into frozen, chilled, canned, and dried ready meals. Frozen ready meals dominate the global market with a share of more than 52%. On the basis of price, the standard ready meals segment is dominant. Supermarkets/hypermarkets lead the distribution channel in the global scenario.
Europe dominates the global market with a predicted market value of more than USD 45 billion, due to the introduction of healthy ready meals. The U.K., Germany, France, Spain, and Russia are the major markets for ready meals in Europe. North America is the next big market with the U.S. being the major consumer. In the Asia-Pacific region, the ready meals market is expected to grow rapidly with India and China becoming the major markets in the region.
Key Players in the Global Ready Meals Market
The global market for ready meals is highly fragmented with vendors competing for innovation, pricing, and distribution.
Market analysis for the global ready meals market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions where this industry is growing and to also identifying the regions which are still untapped.
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