Future Market Insights delivers key insights on the Global ready-to-eat food products market in a new publication titled, „Ready-to-eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016-2026“. In CAGR of 7.2% during the forecast period (2016-2026), in terms of value, the global ready-to-eat food products market is projected to be a healthy CAGR. In the report, Future Market Insights analyzes the global ready-to-eat food products market performance and gives information on the key factors and trends impacting the market.
Analysts at Future Market Insights predict the rise in the number of working women, a growing millennial population, and on-the-go consumption are likely to boost the growth of the global ready-to-eat food market during the forecast period. The focus on the consumption of packaged foods in developed countries is as the US, Germany, and Russia; globally. “ Analyst, Future Market Insights.
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However, unhealthy substitutes and low quality and taste coupled with increasing shift towards a healthier lifestyle is likely to hinder market growth in the coming years.
Segmentation highlights
The global ready-to-eat food products market is segmented on the basis of product type (Meat / Poultry, Cereal Based, Vegetable Based, Others), Packaging (Canned, Frozen or Chilled, Retort, Others), and Distribution Channel (Hypermarket / Supermarket, Convenience / Departmental Store, Specialty Store, Online Store, Others).
- The Meat / Poultry product type is valued at US $ 44.54 in 2016, and is expected to expand at a CAGR of 7.7% over the forecast period. This segment is expected to dominate the market in terms of value from 2016 to 2026
- The Frozen or Chilled Packaging segment is estimated to account for 40.0% of its value
- US $ 38.66 Bn by the end of 2016, which is expected to expand to US $ 67.08 Bn by the end of 2016. The hypermarket distribution channel is valued at US $ 67.99 2026. Sales of ready-to-eat food products through the Hypermarket / Supermarket channel are expected to support growth over the forecast period
Regional projections
p> The global ready-to-eat food products market is segmented into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Asia Pacific excluding Japan (APEJ), Eastern Europe, and North America are expected to register high growth rates between 2016 and 2026. The ready-to-eat food products market in North America is expected to register significantly over the forecast period Increasing per capita consumption of ready-to-eat food in this region.
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By the end of 2016, the North America market is valued at US $ 39.92 Bn, which is expected to expand to a CAGR of 7.3% over the US $ 78.73 by the end of 2026. The Asia Pacific Market is valued at US $ 17.73 by the end of 2016, which is expected to expand to a CAGR of 8.4% over the US $ 39.78 by the end of 2026.
Vendor insights The report profiles the leading companies operating in the global ready-to-eat food products market. Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills Inc., McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc., Orkla ASA, ConAgra Foods, Inc., and ITC Limited.