Market Overview

The global ready meals market is projected to grow at a CAGR of 4.62% during the forecast period.

  • The major factor driving the market is the convenience provided in terms of time-saving, less effort of cooking and ease of handling and storage. Moreover, the busy schedules, increasing number of employees and students are also owing to the growth of the market.
  • The reasonable cost and it can be served as a substitute for junk foods are also drivers of the market.
  • The increasing health awareness and the negative perceptions regarding the effects of the ready meals is a major restraint of the market. Asia-Pacific is the fastest growing region in the market.
  • The growing population, stable economy, fastly growing food and beverage industry are the major factors helping the growth of the market.


Scope of the Report

The ready meals market is segmented by product type into frozen ready meals, chilled ready meals, canned ready meals, dried ready meals. By distribution channel, the market is fragmented into supermarkets/ hypermarkets, convenience stores, online retailers, other distribution channels. The regional analysis of the market has also been included in the report.

Key Market Trends

Frozen Ready Meals is the Largest Segment in the Market

The growth of the frozen meals market is primarly driven by the growth of the market in the developing regions such as Asia-Pacific. The developed regions are having a comparatively lower market. The increasing urbanization is the major factor for the growth in the region. The increase in demand for the convenience food along with, the incorporation of healthy ingredients in the ready meals, the innovative packaging and the proper regulations are also factors affecting the growth of the market. The frozen pizza segment is considered as one of the major segments under frozen ready meals, as they are considered as the most popular junk food. In addition, improvements in nutritional value of frozen pizza, interesting ingredient profiles are fuelling the market.

Europe Remains the Major Market

Consumers in the United Kingdom lead a busy and hectic lifestyle, which has considerably reduced their time for preparation of food. This has made them switch to frozen foods, dried, and canned ready meals. The rise in online shopping of ready meals in the region has led the consumers to question about their health. The consumers are unable to strike a balance between quality of food and the unavailability of time, which they could have utilized in cooking fresh meals. Frozen soups are a new product category and are expected to witness strong growth in the coming years, due to convenience and time-saving the capacity of ready meals.

Competitive Landscape

The ready foods market is a highly consolidated market with the top players holding the major market share. There are various small and regional players also exist in the market. The players are diversifying their product portfolio to include more ready meals into their product range. Nomad Foods Ltd, Nestl?, McCain Foods, Findus Group Ltd, Premier Foods, ConAgra, etc are the major players in the market.

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