Key Findings
The global ready meals market has been growing at a CAGR of 4.8%during the forecasted period of 2016-2022. Ready meals are prepackaged meals that can be made with less or without preparation. Mostly ready meals come as a ready to eat meals, while some must be boiled or heated before eating. This is now a convenient solution for a large part of the global population. The global ready meals market is majorly driven by the convenience, it provides to the working professionals. It is healthier as compared to the junk food. Another advantagesprovided by ready meals is that they are cost effective, which is also valued by several consumers. We all agreed that cooking at home is the best healthiest preference; the busy life of many working professionals and students these days has driven the demand for consumption of ready meals.
Another key factor driving the ready meals market is instant cooking option for the busy people. Today’s life is so stressful and busy that people looks for an instant option for their healthier diet. Thus, ready meals is one of the best option for them. In U.S., ready meals are used by the 77% of the households. Ready meals give nutritious value and convenience to families and individuals. Due to the convenience of ready meals to students, working professionals etc., the global ready meals market has been increasing at a higher rate. The more key factors that are encouraging the demand for the ready meals market are demand for chilled ready meals, rising innovations in the food industry and easy availability of ready meals. The market has huge opportunities such as rising tours & travels and rising scope for ready meals in emerging nations.Fluctuating prices of the raw material is one of the critical issues across the globe hampering the market growth.The companies have to meet the nutritional requirements for the products that are acting as a major challenge for the new entrants.
Market Segment Insight
The ready meal market are segmented on the basis of product into dried ready meals, chilled ready meals, canned ready meals, frozen ready meals, ethnic ready meals and others. The ready meals market over the Europe and U.S. has grown rapidly in the recent few years. Frozen meals has been estimated for the majority of whole ready meal sales in U.S. and Europe. Moreover, these products have better value and greater shelf life as compared to chilled products. In spite of, negative health perception among some consumers, it has beenrising due to thedemand for convenient food, which is driving the growth of the ready meals market. More than one-fifth of the global internet users purchase ready-to-eat meals instead of making traditional meals. Rising demand to preserve product shelf life, color, product quality, taste, vitamin content and the texture, from manufacturing to consumption hasencouragedsuppliers to innovate new packaging designs that maintain the features of the end products. Thus, suppliers have been working jointly with packaging producers to remain competitive in the market.
Regional Insight
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific and RoW. By geography, North America is the dominator of the global ready meals market. Asia Pacific has been estimated to be the fastest growing region and emerges as a key player in the global ready meals market in the next few coming years owing to rapid industrialization and innovations in the food industry of the Asian Pacific countries such as China and India.Huge population base of these two countries is also a contributing factor fuelling the APAC ready meals market, as it offers a huge and economically strong consumer base.
Competitive Insights
Some of the major players in the global ready meals market are Bakkavor Foods Ltd, Bighams Ltd, Bonado company, ConAgra Foods Inc., Gits company, Greencore Group Plc., H.J. Heinz Company, Kerry Foods Ltd., Maiyas, MTR foods, ,Nestle S.A.,Northern Food Ltd.,Premier Foods Group Ltd., Supplair, Vimal agro products pvt. Ltd. These companies has adopted major strategies such as mergers, acquisitions, new product launch etc. and one of the key strategy adopted by the key player. On July 2016, Kraft Heinz launches wet pots into quick hot meals range. It is a series of quick hot meals in the UK to drive its availability in the product category.
CHAP 1. METHODOLOGY & SCOPE 11
1.1. RESEARCH METHODOLOGY 11
1.2. RESEARCH SCOPE & ASSUMPTIONS 11
1.3. LIST OF DATA SOURCES 11
CHAP 2. EXECUTIVE SUMMARY 12
2.1. GLOBAL READY MEALS MARKET SUMMARY & KEY BUYING CRITERIA 12
2.2. GLOBAL READY MEALS MARKET OUTLOOK 12
2.3. MARKET SEGMENTATION 12
2.4. MARKET SIZE AND GROWTH PROSPECTS 2012-2022 12
2.5. GLOBAL READY MEALS MARKET VALUE CHAIN ANALYSIS 12
2.6. VENDOR LANDSCAPE 12
CHAP 3. GLOBAL READY MEALS MARKET 13
3.1. MARKET DRIVER ANALYSIS 13
3.1.1. DEMAND FOR CHILLED READY MILLS 13
3.1.2. INSTANT COOKING OPTION FOR BUSY PEOPLE. 13
3.1.3. RISING INNOVATIONS IN FOOD INDUSTRY. 13
3.1.4. EASY AVAILABILITY OF READY MEALS. 13
3.2. MARKET RESTRAINT ANALYSIS 13
3.2.1. RISING PREFERENCE OF PEOPLE FOR FRESH & HOME MADE FOOD 13
3.2.2. FLUCTUATING RAW MATERIAL COSTS. 13
3.3. KEY OPPORTUNITIES 13
3.3.1. RISING TOURS & TRAVELS. 13
3.3.2. RISING SCOPE FOR READY MEALS IN EMERGING NATIONS. 13
3.4. CHALLENGES 13
3.4.1. STRICT GOVERNMENT REGULATIONS 13
CHAP 4. INDUSTRY ANALYSIS 14
4.1. GLOBAL READY MEALS MARKET– PORTER’S FIVE FORCE MODEL 14
4.2. GLOBAL READY MEALS MARKET– PESTEL ANALYSIS 14
CHAP 5. GLOBAL READY MEALS MARKET BY PRODUCT TYPE 2012-2022 ($ MILLION) 15
5.1. GLOBAL READY MEALS MARKET BY DRIED READY MEALS 2012-2022 ($ MILLION) 15
5.2. GLOBAL READY MEALS MARKET BY CHILLED READY MEALS 2012-2022 ($ MILLION) 15
5.3. GLOBAL READY MEALS MARKET BY CANNED READY MEALS 2012-2022 ($ MILLION) 15
5.4. GLOBAL READY MEALS MARKET BY FROZEN READY MILLS 2012-2022 ($ MILLION) 15
5.5. GLOBAL READY MEALS MARKET BY ETHNIC READY MEALS 2012-2022 ($ MILLION) 15
5.6. GLOBAL READY MEALS MARKET BY OTHERS 2012-2022 ($ MILLION) 15
CHAP 6. GLOBAL READY MEALS MARKET REGIONAL OUTLOOK 2012-2022 ($ MILLION) 16
6.1. GLOBAL READY MEALS MARKET BY REGION 2012-2022 ($ MILLION) 16
6.2. NORTH AMERICA 16
6.2.1. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 16
6.2.2. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 16
6.2.3. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 16
6.2.3.1. U.S. 16
6.2.3.1.1. U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 16
6.2.3.1.2. U.S. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 16
6.2.3.2. CANADA 16
6.2.3.2.1. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 16
6.2.3.2.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 16
6.3. EUROPE 16
6.3.1. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 16
6.3.2. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 16
6.3.3. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 16
6.3.3.1. GERMANY 16
6.3.3.1.1. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 17
6.3.3.1.2. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 17
6.3.3.2. UK 17
6.3.3.2.1. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 17
6.3.3.2.2. UK MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 17
6.3.3.3. FRANCE 17
6.3.3.3.1. FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 17
6.3.3.3.2. FRANCE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 17
6.3.3.4. OTHERS 17
6.3.3.4.1. RUSSIA MARKET ESTIMATES AND FORECAST2012-2022($MILLION) 17
6.3.3.4.2. OTHERS MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022($MILLION) 17
6.4. ASIA PACIFIC 17
6.4.1.1.1. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 17
6.4.1.1.2. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 17
6.4.1.1.3. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 17
6.4.1.2. CHINA 17
6.4.1.2.1. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 18
6.4.1.2.2. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 18
6.4.1.3. INDIA 18
6.4.1.3.1. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 18
6.4.1.3.2. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 18
6.4.1.4. JAPAN 18
6.4.1.4.1. JAPAN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 18
6.4.1.4.2. JAPAN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($MILLION) 18
6.4.1.5. OTHERS 18
6.4.1.5.1. OTHER MARKET ESTIMATES AND FORECASTS 2012-2022($MILLION) 19
6.4.1.5.2. OTHER MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022($MILLION) 19
6.5. MIDDLE EAST & AFRICA 19
6.5.1. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 19
6.5.2. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 19
6.6. LATIN AMERICA 19
6.6.1.1.1. LATIN AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 19
6.6.1.1.2. LATIN AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 19
6.7. BRAZIL 19
6.7.1.1.1. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 19
6.7.1.1.2. BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 19
6.8. ROW 19
6.8.1.1.1. ROW MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 19
6.8.1.1.2. ROW MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 19
CHAP 7. COMPETITIVE LANDSCAPE 20
7.1. BAKKAVOR FOODS LTD. 21
7.1.1. COMPANY OVERVIEW 21
7.1.2. FINANCIAL PERFORMANCE 21
7.1.3. PRODUCT BENCHMARKING 21
7.1.4. STRATEGIC INITIATIVES 21
7.2. BIGHAMS LTD. 21
7.2.1. COMPANY OVERVIEW 21
7.2.2. FINANCIAL PERFORMANCE 21
7.2.3. PRODUCT BENCHMARKING 21
7.2.4. STRATEGIC INITIATIVES 21
7.3. BONADO COMPANY 21
7.3.1. COMPANY OVERVIEW 21
7.3.2. FINANCIAL PERFORMANCE 21
7.3.3. PRODUCT BENCHMARKING 21
7.3.4. STRATEGIC INITIATIVES 21
7.4. CONAGRO FOODS INC. 21
7.4.1. COMPANY OVERVIEW 21
7.4.2. FINANCIAL PERFORMANCE 21
7.4.3. PRODUCT BENCHMARKING 21
7.4.4. STRATEGIC INITIATIVES 21
7.5. GITS COMPANY 21
7.5.1. COMPANY OVERVIEW 21
7.5.2. FINANCIAL PERFORMANCE 21
7.5.3. PRODUCT BENCHMARKING 21
7.5.4. STRATEGIC INITIATIVES 21
7.6. GREENCORE GROUP PLC. 21
7.6.1. COMPANY OVERVIEW 21
7.6.2. FINANCIAL PERFORMANCE 22
7.6.3. PRODUCT BENCHMARKING 22
7.6.4. STRATEGIC INITIATIVES 22
7.7. H.J. HEINZ COMPANY 22
7.7.1. COMPANY OVERVIEW 22
7.7.2. FINANCIAL PERFORMANCE 22
7.7.3. PRODUCT BENCHMARKING 22
7.7.4. STRATEGIC INITIATIVES 22
7.8. KERRY FOODS LTD. 22
7.8.1. COMPANY OVERVIEW 22
7.8.2. FINANCIAL PERFORMANCE 22
7.8.3. PRODUCT BENCHMARKING 22
7.8.4. STRATEGIC INITIATIVES 22
7.9. MAIYAS 22
7.9.1. COMPANY OVERVIEW 22
7.9.2. FINANCIAL PERFORMANCE 22
7.9.3. PRODUCT BENCHMARKING 22
7.9.4. STRATEGIC INITIATIVES 22
7.10. MTR FOODS 22
7.10.1. COMPANY OVERVIEW 22
7.10.2. FINANCIAL PERFORMANCE 22
7.10.3. PRODUCT BENCHMARKING 22
7.10.4. STRATEGIC INITIATIVES 22
7.11. NESTLE S.A. 22
7.11.1. COMPANY OVERVIEW 22
7.11.2. FINANCIAL PERFORMANCE 22
7.11.3. PRODUCT BENCHMARKING 22
7.11.4. STRATEGIC INITIATIVES 23
7.12. NORTHERN FOOD LTD 23
7.12.1. COMPANY OVERVIEW 23
7.12.2. FINANCIAL PERFORMANCE 23
7.12.3. PRODUCT BENCHMARKING 23
7.12.4. STRATEGIC INITIATIVES 23
7.13. PREMIER FOODS GROUP LTD. 23
7.13.1. COMPANY OVERVIEW 23
7.13.2. FINANCIAL PERFORMANCE 23
7.13.3. PRODUCT BENCHMARKING 23
7.13.4. STRATEGIC INITIATIVES 23
7.14. SUPPLAIR 23
7.14.1. COMPANY OVERVIEW 23
7.14.2. FINANCIAL PERFORMANCE 23
7.14.3. PRODUCT BENCHMARKING 23
7.14.4. STRATEGIC INITIATIVES 23
7.15. VIMAL AGRO PRODUCTS PVT LTD. 23
7.15.1. COMPANY OVERVIEW 23
7.15.2. FINANCIAL PERFORMANCE 23
7.15.3. PRODUCT BENCHMARKING 23
7.15.4. STRATEGIC INITIATIVES 23
TABLE 1 GLOBAL READY MEALS MARKET BY APPLICATION 2012-2022 ($ MILLION) 23
TABLE 2 GLOBAL READY MEALS MARKET BY DRIED READY MEALS 2012-2022 ($ MILLION) 24
TABLE 3 GLOBAL READY MEALS MARKET BY CHILLED READY MEALS 2012-2022 ($ MILLION) 24
TABLE 4 GLOBAL READY MEALS MARKET BY CANNED READY MEALS 2012-2022 ($ MILLION) 24
TABLE 5 GLOBAL READY MEALS MARKET BY FROZZEN READY MEALS 2012-2022 ($ MILLION) 24
TABLE 6 GLOBAL READY MEALS MARKET BY ETHNIC READY MEALS 2012-2022 ($ MILLION) 24
TABLE 7 GLOBAL READY MEALS MARKET BY OTHERS 2012-2022 ($ MILLION) 24
TABLE 8 GLOBAL READY MEALS MARKET REGIONAL OUTLOOK 2012-2022 ($ MILLION) 24
TABLE 9 GLOBAL READY MEALS MARKET BY REGION 2012-2022 ($ MILLION) 24
TABLE 10 NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 24
TABLE 11 NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 24
TABLE 12 NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 24
TABLE 13 U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 24
TABLE 14 U.S. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 24
TABLE 15 CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 24
TABLE 16 CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 24
TABLE 17 EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 24
TABLE 18 EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 24
TABLE 19 EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 25
TABLE 20 GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 21 GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 22 UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 23 UK MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 24 FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 25 FRANCE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 26 SPAIN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 27 SPAIN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 28 RUSSIA MARKET ESTIMATES AND FORECAST2012-2022 ($ MILLION) 25
TABLE 29 RUSSIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 30 OTHERS MARKET ESTIMATES AND FORECAST2012-2022 ($ MILLION) 25
TABLE 31 OTHERS MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 32 ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 33 ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 25
TABLE 34 ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION) 25
TABLE 35 CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 25
TABLE 36 CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 37 INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 38 INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 39 JAPAN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 40 JAPAN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 41 SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 42 SOUTH KOREA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 43 OTHER MARKET ESTIMATES AND FORECASTS 2012-2022 ($ MILLION) 26
TABLE 44 OTHER MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 45 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 46 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 47 LATIN AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 48 LATIN AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
TABLE 49 BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 26
TABLE 50 BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION) 26
FIGURE 1 MARKET SHARE BY REGIONS 26
FIGURE 2 UNITED STATES MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 3 CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 4 EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 5 GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 6 UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 7 FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 8 APAC MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 9 CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 10 INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 11 JAPAN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 12 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 13 LATIN AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 14 BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27
FIGURE 15 ROW MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION) 27