Ready to Eat Meals Market 2022 Outlook by Products and Applications Growth Influencer, Key Players Analysis and Forecast
Global Ready To Eat Meals Market has been estimated to grow over 6% post 2022PUNE, MAHARASHTRA, INDIA, January 12, 2017 /EINPresswire.com/ -- Market Overview
Ready to eat meals are animal or plant derived food that can be cooked, frozen, processed to be consumed directly or after heating. Different food safety organizations in different regions has specified particular guidelines related to processing, washing, drying, cooling, freezing, and packaging which playing huge role in Ready To Eat Meals Market. Innovation in packaging technology and development in distribution channels will likely to boost the market growth during forecast period.
The demand for ready to eat meals has pushed manufacturers to innovate and develop new RTE products which are better in taste and offers various health benefits.
• General Mills (U.S.)
• Bakkavor Group Ltd (U.K.)
• Nomad Foods Ltd (British Virgin Islands)
• McCain Foods (Canada)
• Premier Foods Group Ltd (U.K.)
• Orkla ASA (Norway)
• ConAgra Foods Inc. (U.S.)
• ITC Limited (India)
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Global ready to eat meals market is mainly driven by increase in working women population and popularity of ready to eat meals in all consumer groups due to busy life style. Rise in disposable income and consumer preferences for healthy convenient food is driving the sales of ready to eat meals products. Introduction of new flavors and innovative packaging is also supporting market growth and expanding retail formats are also supporting the market growth.
These factors will play a key role to grow ready to eat meals market at CAGR of 6% during forecast period.
Downstream market analysis
Consumers prefer more ready to eat meals which contents meat, fish and poultry products. Popularity of frozen foods and bakery products is also inducing the growth trends in the market. Ready to eat meals market is hugely influenced by food safety organizations which strictly monitor ingredients, manufacturing process and packaging of RTE meals which is changing the dynamics of the market. Ready to eat meals are mainly bought from supermarket and convenience store. Busy lifestyle of people is supporting the increasing sales of RTE products through online store which will change the future of overall distribution network of RTE meals.
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• Awareness about healthy lifestyle has spurred the growth of nutritious ready to eat meals products in developing countries.
• The market growth in Asia Pacific region is high compare to North America and Europe
The global Ready to eat meals market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by Asia Pacific and Europe. Growing population and rise in disposable income in Asia Pacific region is driving the demand for ready to eat meals in that particular region.
Global ready to eat meals market is segmented by product type, cuisine, specialty type, form, packaging, and region
• Ready to Eat Meals manufacturers
• Convenience food manufacturers
• Frozen food Industry
• Retailers, wholesalers
• E-commerce companies
• Traders, Importers and exporters
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