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    Ready Meals Market | Covid-19 Impact Analysis

    Ready Meals Market | Covid-19 Impact Analysis

    Ready Meals Market | Covid-19 Impact Analysis
    Report code - SRCG163 Delivery - 2 Weeks
    Ready Meals Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025 See more...
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    Impact of COVID-19 on Ready Meals Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Ready Meals Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Ready Meals Market Insights

    Ready Meals market is likely to witness a CAGR of 4.7% during the forecast period. The prime factors driving the ready meals market are ease of handling and storage, less effort to cook, and changing lifestyle of consumers.

    Ready Meals Market – Snapshot

    Growth

    4.7% for the next five years

    Major Product Type

    Frozen Ready Meals

    Dominant Distribution Channel Type

    Convenience Stores

    Region with the highest demand

    Europe

    Key Players

    Nestlé S.A., Conagra Brands Inc., The Kraft Heinz Company, Chao Xiang Yuan Food Co. Ltd., BRF S.A., Green Mill Foods, General Mills, Inc., Tyson Foods, Nomad Foods Ltd., McCain Foods Ltd., Premier Foods plc, and Oetker Group

     

    Market Share Analysis

    Ready-Meals-Market-Dominant-Segments

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    Ready Meals Market Share: By Product Type

    Based on the product type, the market is segmented as frozen ready meals, chilled ready meals, canned ready meals, and dried ready meals. The frozen ready meals segment dominated the market in 2019 and is expected to maintain its position during the forecast period. Increasing demand for convenience food across the globe along with rapid urbanizations is the major factor driving the growth of the frozen ready meals segment.

    Ready Meals Market Share: By Distribution Channel Type

    Based on the distribution channel type, the ready meals market is segmented as supermarkets, convenience stores, online retail stores, and others. Convenience stores hold the major share of the pie and are also expected to witness a healthy growth during the forecast period. Ease of access, huge customer footfall, rapid urbanization, and wide geographical presence are the major factors contributing towards the growth of the convenience stores segment.

    Ready Meals Market Share: By Region

    In terms of regions, Europe is estimated to be the largest market for ready meals during the forecast period. Busy and hectic lifestyle of consumers, huge participation of women as workforce, huge consumer base, and ease in preparation are the major factors that have led to the dominance of region in the global market. Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.

    Ready-Meals-Market-By-Region

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    Some of the major players in the ready meals market are-

    • Nestlé S.A.
    • Conagra Brands Inc.
    • The Kraft Heinz Company
    • Chao Xiang Yuan Food Co. Ltd.
    • BRF S.A.
    • Green Mill Foods
    • General Mills, Inc.
    • Tyson Foods
    • Nomad Foods Ltd.
    • McCain Foods Ltd.
    • Premier Foods plc
    • Oetker Group.

     

    Market Scope & Segmentation

    Ready meals are a group of food products that are pre-cleaned, precooked, mostly packaged and ready for consumption without prior preparation or cooking. Ready meals can be categorized based on the type into frozen ready meals, chilled ready meals, canned ready meals, and dried ready meals. These food products are usually available through supermarkets, convenience stores, online retail stores, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Ready Meals Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The Ready meals market is segmented into the following categories. 

    Ready Meals Market Size, Share, & Forecast, by Product Type:

    • Frozen Ready Meals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chilled Ready Meals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Canned Ready Meals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dried Ready Meals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ready Meals Market Size, Share, & Forecast, by Distribution Channel Type:

    • Supermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Convenience Stores (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Online Retail Stores (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ready Meals Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Ready-Meals-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by distribution channel type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Ready Meals Market in the foreseeable future?

    The ready meals market is expected to witness an impressive growth of 4.7% CAGR in the foreseeable future.

    Who are the key players in the Ready Meals Market?

    Nestl S.A., Conagra Brands Inc., The Kraft Heinz Company, Chao Xiang Yuan Food Co. Ltd., BRF S.A., Green Mill Foods, General Mills, Inc., Tyson Foods, Nomad Foods Ltd., McCain Foods Ltd., Premier Foods plc, and Oetker Group are among the key players in the ready meals market.

    Which country/region is expected to be the largest Ready Meals Market?

    Europe is expected to be the largest ready meals market during the next five years.

    Which product type is expected to remain dominant in the Ready Meals Market?

    The frozen ready meals segment is expected to remain dominant product type in the ready meals market in the coming years.

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