About Frozen Ready Meals
The majority of frozen ready meals are prepared and packaged in factories where materials are cooked or precooked, then they are packaged into containers and then frozen for sale. They are well-liked by customers since they offer a varied menu and are simple to prepare just remove from the freezer and then put them in microwave and it is ready to eat. A main meat course, a vegetable, and a starch-based dish like pasta and sauce are all possible ingredients in frozen dinners. For vegetarians or those with unique dietary requirements such as vegan, some frozen meals are produced especially for them. Owing to recent change in lifestyle and rising demand for ready to eat food, the frozen ready meal market is expected to grow at a significant rate during the forecast period.
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Frozen Ready Meals Market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Conagra Brands, Inc. (United States), McCain Foods Limited (Canada), Kraft Foods (United States), Nestlé (Switzerland), Kellogg's Company (United States), Tyson Foods, Inc. (United States), Nomad Foods (united kingdom), Grupo Virto (Spain), Ajinomoto Co., Inc. (japan), General Mills Inc. (United States) and Conagra Brands, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nomad Foods (United Kingdom), Group Virto (Spain), Gulf West Company (Saudi Arabia) and Sidco Foods Trading L.L.C. (New York).
AMA Research has segmented the market of Global Frozen Ready Meals market by Type (Frozen meat, Frozen fish, Frozen fruits, Frozen vegetables, Frozen dessert, Frozen snacks, Frozen food for kids and Others), Application (Retail and household sector and Food service sector) and Region.
On the basis of geography, the market of Frozen Ready Meals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Ready to Eat Frozen Food will boost the Frozen Ready Meals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Frozen Ready Meals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology , the sub-segment i.e. Flash Freezing will boost the Frozen Ready Meals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Easy availability of frozen food due to online sales channel.
Market Growth Drivers:
Growing demand for ready-to-eat food because of its convenience., Change in life style and eating patterns of consumers. and Rising expansion of convenience store
Doesn’t taste as good as fresh food., Lack of cold-chain infrastructure., Increasing number of competitors. and Demand of fresh food over frozen food.
Regular consumption of frozen food may give rise to risk of heart diseases, heart diseases., Percentage of fat is extremely high. and Lower nutritional value
Decreasing area of cultivable land, Digitalization in end-use industry such as sensors, block-chain, RFID. and Increasing population leads to rise in food insecurity.
Market Leaders and their expansionary development strategies
In September 2022, McCain Foods acquired Scelta Products, which is Netherland based producer of frozen food. Scelta product in renowned industry in frozen vegetable industry. Their onion rings battered and breaded mushrooms and other appetizers suits well in McCain’s portfolio. This acquisition improved McCain’s growth and expansion in frozen vegetable space.
In September 2022, the kraft Heinz Company partnered with agri-food tech accelerator start life. This partnership help kraft Heinz to improve its clean label ingredients, sugar and salt reduction, waste reductions, sustainable packaging as well as new delivery channel and improve its market position.
Frozen food should be stored at -18°C (-0 °F) by US FDA.
Key Target Audience
Frozen food manufacturers and distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.