Microwavable Foods Market
Microwavable foods are ready-to-eat packed food. Microwavable food is easily accessible and has better shelf-life. Various technologies, techniques, and preservatives are used in the production of packaged microwavable foods. Moreover, microwavable foods can be stored for a longer duration because it contains preservatives to maintain its taste, flavors, and quality. As of now, busy lifestyle, modernization, and attraction towards the fast foods have increased the manufacturing and retailing of the microwavable food items. Thus, these are some of the key factors driving the global microwavable foods market growth during the forecast period.
The market for global microwavable foods is primarily driven by the rising preference for junk foods such as noodles, pasta, macaroni, and cheese among the population. Besides, the increase in the manufacturer of microwavable foods across the world and the increased demand for instant foods is projected to gain more share value during the forecast period. In addition to this, the rising number of supermarket, hypermarket, and specialty stores ultimately benefits the market of microwavable foods. However, chilled, shelf stable, and frozen microwavable foods have been recognized as a less nutritious food as compared to fresh or normal food; thus this conception among the consumers may hamper the global microwavable foods market within the forecast period.
The global microwavable foods market is segmented on the basis of type and region. Based on the type, the global microwavable foods market is fragmented into shelf-stable microwavable foods, chilled microwavable foods, and frozen microwavable foods. Among which, frozen microwavable foods hold a dominant position in the global market owing to the high consumption rate which depends on the overall economic growth, the evolution of the food culture, and change in lifestyle. These are key factors contributing to the overall market growth of the microwavable foods.
By geography, the global microwavable foods market finds its market scope in Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America and Europe are the fastest growing regions in the global microwavable foods market owing to the facts such as strong economic development, demand for packaged food, and busy lifestyle population. Following Europe, North America and the Asia Pacific are expected to attain more share value during the forecast period.
The report also includes detailed profiles of key players such as Beech-Nut Nutrition Corporation, Campbell Soup Company, Bellisio Foods Inc., Kellogg Company, ConAgra Foods Inc., Kraft Foods Inc., McCain Foods, Pinnacle Foods Group LLC.