Ready-to-Eat Food Market to reach USD 3,77,945.81 Mn - Comprehensive Research Report by FMI

DUBAI, United Arab Emirates, April 05, 2022 (GLOBE NEWSWIRE) -- 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”. In terms of value, the global ready-to-eat food products market is projected to register a healthy CAGR of 7.7% during the forecast period (2022–2032).

In the report, Future Market Insights analyses 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 that a rise in the number of working women, a growing millennial population, and on-the-go consumption habits are factors likely to boost the growth of the global ready-to-eat food products market during the forecast period.

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“A large number of innovations in packaging technology such as the introduction of advanced microwave technology have shifted the focus towards consumption of packaged foods in developed countries such as the U.S., Germany, and Russia; and this, in turn, has led to a significant increase in the demand for ready-to-eat food products globally.”Analyst, Future Market Insights.
However, unhealthy substitutes and low quality and taste coupled with an increasing shift towards a healthier lifestyle is likely to hinder market growth in the coming years.

List of Key Players Covered in Ready-to-Eat Food Market are: 

• Bakkavor Foods Ltd.,
• McCain Foods,
• 2 Sisters Food Group,
• Orkla ASA,
• ITC Limited,
• General Mills Inc.,
• Premier Foods Group Ltd., and others
  

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/ready-to-eat-food-market

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 segment is estimated to be valued at US$ 44.54 Bn in 2016, and is likely 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% value share by the end of 2016. This segment is expected to account for a major market share in terms of value over the forecast period 
  
  
• The Hypermarket/Supermarket distribution channel segment is estimated to be valued at US$ 38.66 Bn by the end of 2016, which is expected to expand at a CAGR of 5.7% over the forecast period to be valued at US$ 67.08 Bn by the end of 2026. Sales of ready-to-eat food products through the Hypermarket/Supermarket channel are expected to support segment growth over the forecast period 
  

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Segmentation for ready to eat food market 
By Product Type: 

• Vegetable-Based 
• Cereal Based 
• Meat/Poultry 
• Others 

By Packaging: 

• Canned 
• Retort 
• Frozen or Chilled 
• Others 

By Distribution Channel: 

• Online Store 
• Departmental/ Convenience Store 
• Specialty Store 
• Supermarket/ Hypermarket 
• Others
  

Region: 

• North America 
• Latin America 
• Europe 
• East Asia 
• South Asia
• Oceania 
• MEA
  

TOC Continued…! 

Regional projections 
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. 

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The ready-to-eat food products market in North America is expected to register significant value over the forecast period owing to increasing per capita consumption of ready-to-eat food in this region.
By the end of 2016, the North American market is estimated to be valued at US$ 39.02 Bn, which is expected to expand at a CAGR of 7.3% over the forecast period to be valued at US$ 78.73 Bn by the end of 2026. The Asia Pacific market is estimated to be valued at US$ 17.73 Bn by the end of 2016, which is expected to expand at a CAGR of 8.4% over the forecast period to be valued at US$ 39.78 Bn by the end of 2026.

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About Future Market Insights (FMI) 
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. 

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