Global Ready Meals Market Size Analysis, 2018-2028

 

REPORT ID: BKR928Domain: Food & BeveragePublished Date: December 2018
Pages: 267Format: PDF

 

 

Ready Meals Market Size Analysis

Convenience foods has gained immense popularity in last few decades. The demand has increased in last few years owing to higher IT influx and change in quality of lifestyle. Consumers are looking forward to ready meals in order to save time as well as have convenience with food availability all the time. Nowadays, consumers are not only inclining towards flavor based ready meals but also products that are nutritious. As such, the competition in ready meals market has heightened. Key manufacturers are focusing on strengthening their business presence through product development. Many new products are expected to emerge in the sector in next few years.

Global Ready Meals Market Size is estimated to be valued over USD 72.7 billion in 2018 and will register a CAGR of 7.9% during the forecast period. The industry will create significant amount of revenue opportunity for players.

Global Ready Meals Market Drivers, Trends and Opportunities

Various factors is driving the overall sales of convenient foods. Companies are coming up with nutritious ready meals along with attractive packaging, which in turn is driving the net sales. Moreover, print and media advertisement has played a big role in creating awareness among consumers. Ready meals has gained good penetration in tier 2 and tier 3 cities of world. This will expand the product reach and will create higher incremental opportunity. Rise in per capita income is another factor driving the net sales in most parts of world.

While the industry is set to register impressive growth, few negative sentiments are major challenges to overall growth of the ready meals market. There has been some negative coverage related to high trans-fat content in few products. Regulatory guidelines and compliances is expected to help overcome such issues.

North America Ready Meals Market Size Analysis

Globally, North America is the market leader in ready meals segment. The region is estimated to account for 33% of total sales in 2018. While the region dominates the net sales, companies are witnessing pricing competitiveness. Despite the challenges, the industry will continue to flourish owing to consumer changing lifestyle and taste preferences for ready to eat foods. Growth in the region will be primarily driven by rising sales of frozen pizza and frozen ready meals.

Nestle is the leading player in North America ready meals market. The company has wide range of product portfolio. Higher spending on advertisement and product launch has helped company to register upward trajectory growth in already saturated market in 2017.

Western Europe Ready Meals Market Value Analysis

UK, Germany and France are leading destinations in Western Europe. The Region is characterized by higher sales of premium products. The consumers are willing to spend more citing quality products.

There are many players operational in the region. In Germany, Dr. Oetker and Nestle Wagner GmbH holds the market dominance. Collectively, these players accounted for 27% of Germany ready meals market.

France is the fastest growing market among EU-5. There is a huge demand for frozen pizza in the country. Competition in the region is high, wherein players are actively spending on TV advertisements and print media to market their products. Fleury Michon dominates the France ready meals market. Good distribution channel and extensive product launch are key trends that defines the ready meal growth in France. Retail volume is expected to grow by over 1.5X during the forecast period.

Asia Pacific Ready Meals Market Value Analysis

Asia is a very diverse market owing to presence of many ethnic diversity and cultural differences. Sales strategy and market dominance varies from country to country. While the region offers highest market opportunity, a well planned strategy and consumer psychology understanding is highly needed to ensure long term market sustainability.

In Asia, Japan accounted for the highest sales. Japan ready meals market size is expected to grow by 1.4X during the forecast period.  It registered below average growth in 2016 and 2017. However, shows sign of higher growth in 2018. Japan has workaholic population. It is due to this that ready meals is consumed in morning and evening time. Consumers are inclined towards local flavors. This has led to emergence of many regional companies in past. As such, industry is highly fragmented in Japan. Lawson Inc. and 7-Eleven Japan Co. Ltd accounted for over 14.7% of total country sales in 2017.

China is the most promising region in terms of revenue opportunity. China ready meals market is expected to register impressive growth between 2018 and 2028. It is a consumer market owing to its sheer 1.4 billion population size. Rise in middle class family, rising urbanization and increase in per capita income are key factors driving the overall sales of ready meals in the region. Morever, there has been an increase in organized retail shops in tier-2 cities. Frozen pizza has become the fastest growing segment in the country.

Global Ready Meals Market Size and Forecast: Competition Landscape

Some key Ready Meals market players are:

  • Nestle S.A.
  • Sunbulah Group
  • Conserverie des Viandes d’Algerie
  • HAMÉ
  • Tnuva Food Industries
  • BRF S.A.
  • Saarioinen
  • Fleury Michon
  • Oetker Group
  • Talosto ZAO
  • McCain Foods
  • Migros
  • Orkla Foods
  • Sigma Alimentos
  • Phoenix Foods
  • Bolton Alimentari
  • Schär AG
  • Woolworths Holdings

Research Scope:

By Type:

  • Chilled Pizza
  • Chilled Ready Meals
  • Dinner Mixes
  • Dried Ready Meals
  • Frozen Pizza
  • Frozen Ready Meals

By Distribution Channel:

  • Online Sales Channel
  • Hypermarkets and Supermarkets
  • Food Chain Centers
  • Conventional Stores
  • General Shops
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Ready Meals market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Ready Meals market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Ready Meals market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Ready Meals industry during the forecast period
  • Who are the Ready Meals industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Ready Meals Industry Suppliers
  • Ready Meals Industry Manufacturers
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

Purchasing of Ready Meals market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Ready Meals Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Ready Meals Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
      • Pessimistic
      • Optimistic
      • Realistic Growth Scenario
    • Convenience Foods Market (Parent Market)
    • Out of Pocket Spending Analysis, By Selected Countries
    • Value Chain Analysis
      • Introduction
      • Estimated Profitability Margins
    • Supply Chain Analysis
    • R&D Spending Analysis
    • Leading Industry Players
      • Key Suppliers, By Region
      • Key Manufacturers, By Region
  1. Ready Meals Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Restraints
    • Trends
      • Historical Trends
      • Product Level Trends
      • Distribution Trends
      • Regional Trends
    • Opportunities
    • Manufacturing Outlook
    • Marketed Details
    • Porters Analysis
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  2. Ready Meals Pricing Analysis
    • Pricing Forecast, Across Regions
    • Pricing Trends
  3. Ready Meals Market, By Type
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Chilled Pizza
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Chilled Ready Meals
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Dinner Mixes
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Dried Ready Meals
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Frozen Pizza
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Frozen Ready Meals
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  4. Ready Meals Market, By Distribution Channel
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Online Sales Channel
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Hypermarkets and Supermarkets
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Food Chain Centers
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Conventional Stores
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • General Stores
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  5. Ready Meals Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2018 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  6. North America Ready Meals Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • S. Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Canada Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Western Europe Ready Meals Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • Germany Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • France Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • UK Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Netherlands Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Spain Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • BENELUX Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Italy Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • NORDIC Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Central and Eastern Europe (CEE) Ready Meals Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • Russia Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Poland Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Ukraine Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Turkey Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • China Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Japan Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • India Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Korea Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Australia Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • ASEAN Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Asia Pacific Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Latin America Ready Meals Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • Brazil Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Argentina Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Chile Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Mexico Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Uruguay Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Latin Ameica Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Israel Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Iran Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Middle East Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Africa Ready Meals Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Distribution Channel
    • Revenue Analysis (US$ Million), By Country
      • North Africa Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Central Africa Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Africa Ready Meals Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • Nestle S.A.
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Sunbulah Group
      • Conserverie des Viandes d’Algerie
      • HAMÉ
      • Tnuva Food Industries
      • BRF S.A.
      • Saarioinen
      • Fleury Michon
      • Oetker Group
      • Talosto ZAO
      • McCain Foods
      • Migros
      • Orkla Foods
      • Sigma Alimentos
      • Phoenix Foods
      • Bolton Alimentari
      • Schär AG
      • Woolworths Holdings

 (Key Pointers Covered for all other companies)

Ready Meals Market Research Methodology

Ready Meals Market is registering impressive growth with future potential expected to emerge in South America and South Asia. The demand has escalated among millennial. As a result, many regional players have emerge in the market. Bekryl has conducted 4 month long research to understand the changing dynamics and total market potential in ready meals market.

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Ready Meals Market Growth Forecasting Methodology

In order to prepare historical data and analyze Ready Meals market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Ready Meals market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Ready Meals industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Ready Meals industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Ready Meals Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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2018-12-06T14:50:33+00:00 December 6th, 2018|