Frozen Ready Meals Market Size, Share, Trends, Growth 2032
Frozen Ready Meals Market By Distribution Channel (Independent Retailers, Supermarket, On-line Shop, and Others), By Type (Frozen Pizza, Vegetarian Meals, Beef Meals, and Chicken Meals), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 551.38 Billion | USD 877.61 Billion | 5.3% | 2023 |
Frozen Ready Meals Market Insights
Zion Market Research has published a report on the global Frozen Ready Meals Market, estimating its value at USD 551.38 Billion in 2023, with projections indicating that it will reach USD 877.61 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.3% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Frozen Ready Meals industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Frozen Ready Meals Market: Overview
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.
Frozen Ready Meals Market: Growth Drivers
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.
Frozen Ready Meals Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Frozen Ready Meals Market |
| Market Size in 2023 | USD 551.38 Billion |
| Market Forecast in 2032 | USD 877.61 Billion |
| Growth Rate | CAGR of 5.3% |
| Number of Pages | 110 |
| Key Companies Covered | 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 |
| Segments Covered | By Type, By Distribution Channel And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe To Dominate Overall Market Share By 2032
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 2024-2032.
Frozen Ready Meals Market: Competitive Analysis
The global frozen ready meals market is dominated by players like:
- Kerry Group
- Kraft Foods Group Inc
- Nichirei Foods Inc
- Fleury Michon
- Kelloggs
- Conagra Brands Inc
- Nestle S.A
- Ajinomoto Co. Inc
- Unilever
- McCain Foods Limited
The global frozen ready meals market is segmented as follows:
By Type
- Vegetarian Meals
- Frozen Meals
- Chicken Meals
- Beef Meals
By Distribution Channel
- Supermarket
- Independent Retailers
- Online Shop
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Frozen ready meals are pre-cooked, pre-packaged meals that are frozen to maintain their freshness and extend their retail life. These meals are a convenient solution for consumers who desire fast, easy-to-prepare food without the need to cook from scratch, as they can be swiftly reheated and served. A diverse array of dietary options and cuisines, such as vegetarian, vegan, gluten-free, and low-calorie, are available in frozen preset meals.
There is a growing demand for healthier frozen meal options that are nutritionally balanced, organic, and low-calorie, as a result of the increasing emphasis on health and nutrition among health-conscious consumers.
Zion Market Research has published a report on the global Frozen Ready Meals Market, estimating its value at USD 551.38 Billion in 2023, with projections indicating that it will reach USD 877.61 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 5.3% over the forecast period 2024-2032.
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 2024-2032.
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.
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