The global ready meals market size was US$ 185.6 billion in 2021. The global ready meals market size is forecast to reach US$ 371.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 8% during the forecast period from 2022 to 2030.

A ready meal is a convenient alternative meal that is cost-effective and easily prepared due to its precooked nature. Ready meals are available at any time and are safe for consumption. Despite the fact that processed food causes nutrients to be lost, there are various ways to prepare ready meals that ensure the loss of nutrients stays to a minimum.

Factors Influencing Market Growth

• A major factor driving the growth of the ready meal market is the convenience offered in terms of time savings and ease of preparation.
• As low-cost alternatives to junk food, these meals are forecast to see an increase in demand in the near future.
• As health awareness and negative perceptions regarding the health effects of these products rise among consumers, this factor may slow down the overall market growth.
• Print and media advertisements have played an integral part in raising awareness about ready meals, thereby boosting the overall market growth.

Impact Analysis of COVID-19

Coronavirus (COVID-19) pandemic has been spreading across the globe since the beginning of 2020. Nearly all countries worldwide have proposed a country-level lockdown starting in the second month of the year 2020, which led to a restriction on leaving the house. As a result of this panic situation, people were increasingly buying ready meals because of their longer shelf life and ease of preparation. A ready meal can also last for a long time, resulting in fewer visits to the marketplace to purchase food products. Due to this, the global ready meals market was positively affected by the COVID-19 pandemic.

Regional Insights

North America accounted for the largest share in 2021. There is a growing demand for ready meals in the region due to changing food preferences among consumers. Ready-to-eat food products and meals are the most popular in the U.S.

The Asia Pacific became the second-largest regional market in 2021 and is forecast to grow at the highest rate during the forecast period. Rising target populations in the Asia Pacific are likely to drive this growth. A growing population, rising disposable incomes, and a growing awareness of ready meals contribute to the regional market growth. Additionally, improved living standards and rapid industrialization in emerging economies, such as China and India, will boost demand for prepared meals. 

Leading Competitors

The leading prominent companies profiled in the global ready meals market are:

• Nestlé S.A.
• ConAgra Brands Incorporated
• Kraft Heinz Company
• Chao Xiang Yuan Food Co. Limited
• Dr. Oetker
• BRF S.A.
• Berkshire
• Green Mill Foods
• General Mills
• Tyson Foods
• Other Prominent Players

Scope of the Report

The global ready meals market segmentation focuses on Product, Distribution Channel, and Region.

Segmentation based on Product

• Frozen & Chilled
• Canned
• Dried

Segmentation based on Distribution Channel

• Supermarket & Hypermarket
• Convenience Stores
• Online

Segmentation based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America

Table of Contents

1 INTRODUCTION OF GLOBAL READY MEALS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES

4 GLOBAL READY MEALS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS

5 GLOBAL READY MEALS MARKET, BY PRODUCTS
5.1 OVERVIEW
5.2 FROZEN & CHILLED
5.3 CANNED
5.4 DRIED

6 GLOBAL READY MEALS MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 SUPERMARKET & HYPERMARKET
6.3 CONVENIENCE STORES
6.4 ONLINE

7 GLOBAL READY MEALS MARKET, BY GEOGRAPHY
7.1 OVERVIEW

7.2 NORTH AMERICA

7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO

7.3 EUROPE

7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE

7.4 ASIA PACIFIC

7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC

7.5 MIDDLE EAST & AFRICA

7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA

7.6 SOUTH AMERICA

7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA

8 GLOBAL READY MEALS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES

9 COMPANY PROFILES

9.1 NESTLÉ S.A.
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS

9.2 CONAGRA BRANDS INCORPORATED
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS

9.3 KRAFT HEINZ COMPANY
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS

9.4 CHAO XIANG YUAN FOOD CO. LIMITED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS

9.5 DR. OETKER
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS

9.6 BRF S.A.
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS

9.7 BERKSHIRE
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS

9.8 GREEN MILL FOODS
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS

9.9 GENERAL MILLS
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS

9.10 TYSON FOODS
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS