Ready Meals Market Definition
Ready Meals is refer as the meal which is been cooked at some where else and then bought it by someone to consume directly. The process saves time & energy of the consumers, so the demand for these type of food is increasing around the globe. It is backed up with the increasing disposable income among people and changing lifestyle. Nowadays, people globally prefer nutritional small quantity of ready meal instead of traditional large meals owing to a busy lifestyle. The market of the ready meals is increasing due to the growing number of working women and the growing number of nuclear families, while it is hampering due to the rising consciousness about health among the consumers.
The market study is broken down by Type (Frozen Ready Meals, Chilled Ready Meals, Canned Ready Meals and Dried Ready Meals), by Application (Household and Commercial) and major geographies with country level splits.
The global ready meal market players are focusing on strategic collaboration with various food chain to improve their products and services. Players are also focusing on increasing their client base to strengthen market position and to enhance product & service offerings.. Players has adopted product launch as their key strategy to be on top of the market.
General Mills (United States), Bakkavor Group Ltd (United Kingdom), Nomad Foods Ltd (Islands), McCain Foods (Canada), Premier Foods Group Ltd (United Kingdom), Orkla ASA (Norway), ConAgra Foods Inc. (United States) and ITC Limited (India) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Ready Meals market by Type, Application and Region.
On the basis of geography, the market of 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 Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Ready Meals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
McCain invests in its first frozen french fry factory in Brazil. With this investment, McCain continues to strengthen its expansion strategy in the Brazilian market. After acquiring 49% of Forno de Minas, who specialize in bread snacks and appetizers, in 2018 and 70% of Sérya.
United States - FDA provides regulatory and scientific information about irradiated food and packaging. Irradiation may be used to increase shelf-life and reduce harmful bacteria in meat, poultry, vegetables and other foods. and Canada - The safety of all materials used for packaging foods is controlled under Division 23 of the Food and Drugs Act and Regulations, Section B.23.001 of which prohibits the sale of foods in packages that may impart any substance to the contents which may be harmful to the consumer of the food. While it is the responsibility of the food seller (manufacturer, distributor) to ensure the safety of packaging material and compliance with B.23.001, there is a requirement that specific information be provided to Health Canada on materials used to package infant formula (Division 25), foods for special dietary use (Division 24) and novel foods (Division 28) for which packaging is considered as part of the evaluation process.
- Development in food and beverage industry
- Growing demand for packed food
- Increasing online ordering in many regions
- Ready meals serve as low cost alternative to the meals
- Changing lifestyle and consumer preferences
- Growing disposable income
- Collaboration with food service chain
- Untapped market with healthier recipes and products
- Increase in health awareness
- Negative perception pertaining to health effects
- Lack in taste can hamper the particular food
Key Target Audience
Ready Meals Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Research and Development Organisation and Government Bodies
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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