Ready to eat food is a ready meal that is convenient to consume as it helps in saving time and effort. Such foods have longer shelf-life and can be classified into canned, frozen, and retort. They are widely available across convenience/departmental stores, hyper/supermarkets, and specialty stores.
Market Dynamics
Consumer interest in ready to eat (RTE) snacks and Ready to eat food is growing due to their convenience, value, attractive appearance, taste, and texture. Moreover, the rising per capita income of consumers globally also supports market growth. Increased employment opportunities have augmented the migration of people from tier 1 and tier 2 cities to metropolitans that are further expected to drive the overall RTE food market over the forecast period.
North America is expected to dominate the Ready to eat food market over the forecast period owing to increased demand for convenience and packed food products. For instance, reports by Credit Suisse, a leading financial services company, suggest that Grocery chains and key food products manufacturers such as Tyson Foods, Inc., J.M. Smucker Co., Hormel Foods Corp., and Kraft Heinz Co. have witnessed a 50% increase in the sales of food and beverage.
Key features of the study:
- This report provides in-depth analysis of the global Ready to eat food market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Global Ready to eat food Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Nomad Retorts Ltd., Bakkavor Retorts Ltd., General Mills, McCain Retorts, Premier Retorts Group Ltd., 2 Sisters Retort Group, Greencore Group Plc., Orkla ASA, ConAgra Retorts Inc., ITC Limited
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
- The Global Ready to eat food Market report caters to various stakeholders in this industry including investors, suppliers, sodium propionate manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the sodium propionate market
Ready To Eat Food Market Detailed Segmentation:
- By Product Type:
-
- Meat/Poultry
- Cereal Based
- Vegetable Based
- Others
- By Packaging:
- Canned
- Frozen/Chilled
- Retort
- Others
- By Distribution Channel:
- Hypermarket/Supermarket
- Convenience Stores/Departmental Stores
- Specialty Stores
- Online Stores
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Nomad Retorts Ltd.
- Bakkavor Retorts Ltd.
- General Mills
- McCain Retorts
- Premier Retorts Group Ltd.
- 2 Sisters Retort Group
- Greencore Group plc
- Orkla ASA
- ConAgra Retorts Inc.
- ITC Limited
