(Food-Beverage-News.Com, October 09, 2018 ) Ready Meals have been introduced by the vendors as an alternative meal that is quick and cost-effective, which just requires heating before consumption. Ready Meals is packaged and is available in quantity for single or two serving. Due to the hectic lifestyles, consumers prefer Ready Meals that reduce the preparation or cooking time, thereby leading to the growth of the overall market.
Currently, there are many producing companies in the world Ready Meals industry, especially in North America and Europe. The main market players are Nestle, ConAgra, Unilever, Kraft Heinz, Campbell Soup, Hormel Foods, The Schwan Food, JBS, Sigma Alimentos, Iglo Group(Nomad Foods), 2 Sisters Food Group, Tyson Foods, Fleury Michon, Grupo Herdez, Greencore Group, Maple Leaf Foods, McCain and Advanced Fresh Concepts. The propduction revenue of Ready Meals is about 104,063 Miliion USD in 2015.
Europe is the largest consumption of Ready Meals, with a sales market share nearly 34.43% in 2015. The second place is North America region; following North America with the sales market share over 31.00%. Asia Pacific is another important consumption market of Ready Meals.
Ready Meals sales in Hypermarkets and Supermarkets, Independent Retailers and Convenience Stores. Report data showed that 60.48% of the Ready Meals market demand in Hypermarkets and Supermarkets, 18.87% in Independent Retailers, and 14.58% in Convenience Stores in 2015.
There are three kinds of Ready Meals, which are Frozen & Chilled Ready Meals, Canned Ready Meals and Dried Ready Meals. Frozen & Chilled Ready Meals sell well in the Ready Meals, with a consumption market share nearly61.91% in 2015.
Briefly speaking, in the next few years, Ready Meals industry will still be a relative highly energetic industry. Sales of Ready Meals have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
In 2017, the global Ready Meals market size was 94900 million US$ and is forecast to 131000 million US in 2025, growing at a CAGR of 4.1% from 2018. The objectives of this study are to define, segment, and project the size of the Ready Meals market based on company, product type, application and key regions.
The various contributors involved in the value chain of Ready Meals include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Ready Meals include 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.
