Market Overview

The Global Ready Meals Market was valued at USD 169,391.3 million in 2023 and is expected to reach USD 416,420.2 million by 2031 while growing at a CAGR of 11.9% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ready meals market growth. Ready meals, also called convenience or pre-packaged meals, are prepared, cooked, and packaged for quick consumption, catering to individuals with busy lifestyles or limited cooking skills, providing instant and hassle-free solutions.

Increasing urbanization, dual-income households, and evolving demographics, marked by a surge in single-person households and working parents, propel the growth of the ready meals market. Despite this momentum, challenges like Quality and Freshness Concerns, along with High Levels of Processing, may impede further market expansion.

Furthermore, the global ready meals industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Ready Meals Market is segmented among Frozen Ready Meals, Chilled Ready Meals, Canned Ready Meals, and Freeze-dried Ready Meals, based on Product Type. In 2023, Frozen Ready Meals accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Ready Meals Market is segmented among Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Supermarkets/Hypermarkets accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Ready Meals Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are The Campbell Soup Company, Conagra Brands Inc., Hormel Foods Corporation, Iceland Foods Ltd, McCain Foods Limited, Nestle SA, The Kraft Heinz Company, Nomad Foods Group, The JM Smucker Co., and Tyson Foods Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Ready Meals Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Ready Meals Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Ready Meals Market Segmentation, By Product Type  

• Global Ready Meals Market Share Analysis, By Product Type  

• Global Ready Meals Market Growth Analysis, By Product Type  

• Global Ready Meals Market Trends, By Product Type  

o Frozen Ready Meals

o Chilled Ready Meals

o Canned Ready Meals

o Freeze-dried Ready Meals

6. Global Ready Meals Market Segmentation, By Distribution Channel

• Global Ready Meals Market Share Analysis, By Distribution Channel

• Global Ready Meals Market Growth Analysis, By Distribution Channel

• Global Ready Meals Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Convenience Stores

o Online Retail stores

o Other Distribution Channel

7. Global Ready Meals Market Segmentation, By Region

• Global Ready Meals Market Share Analysis, By Region

• Global Ready Meals Market Growth Analysis, By Region

• Global Ready Meals Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• The Campbell Soup Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Conagra Brands Inc

• Hormel Foods Corporation

• Iceland Foods Ltd

• McCain Foods Limited

• Nestle SA

• The Kraft Heinz Company

• Nomad Foods Group

• The JM Smucker Co.

• Tyson Foods Inc

 *Similar analysis will be provided for each company listed above.