Global frozen ready meals market value was estimated to hit 22.83 (USD Billion) by 2025 growing at a CAGR of 5.3 % during the period from 2019 to 2025.
The global frozen ready meals market value was estimated to hit 22.83 (USD Billion) by 2025 growing at a CAGR of 5.3 % during the period from 2019 to 2025. The report offers valuation and analysis of the frozen ready meals market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Lucrative demand for convenience foods and huge preference for frozen ready meals as a result of preparation of foods with low level of nutrition loss will enhance the product popularity. Apart from this, need for extending the product life of the diet will enhance the frozen ready meals popularity across the globe.
Market Growth Dynamics
Escalating popularity of convenience diet among dual income groups is anticipated to embellish the expansion of frozen ready meals industry over the forecast timeline. In addition to this, altering consumer preferences and introduction of cutting-edge techniques for improving end-user experience will pave the way for the expansion of the frozen ready meals industry over the ensuing years.
Moreover, tight work schedule of the working professionals is predicted to transform into humongous need for the product over the forecasting years. In addition to this, escalating demand for frozen ready meals across the nations including Italy, UK, the U.S., France, and Australia will favorably impact the market landscape in the foreseeable future.
Thriving packaging sector and changing consumer purchasing behavior patterns along with immense demand for value-added food items will define the market progress over the years ahead.
Europe To Dominate Overall Market Share By 2025
The regional market growth over the forecast timeline is owing to large intake and sales of the food products in the countries like the UK as a result of hectic work schedule of the working population in the country. In addition to this, the retail stores and consumer packaged food service providers in the continent are providing value-added food packets to consumers at reasonable prices, thereby accelerating the momentum of market growth in Europe during 2019-2025.
Key players leveraging the business growth and profiled in the report include Kerry Group, Kraft Foods Group Inc., Nichirei Foods Inc., Fleury Michon, Kelloggs, Conagra Brands Inc., Nestle S.A., Ajinomoto Co. Inc., Unilever, and McCain Foods Limited.
The global frozen ready meals market is segmented as follows:
By Distribution Channel