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Ready To Eat Food Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72043
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The predicted growth for the ready-to-eat food market share from 2021 to 2026 is USD 71.69 billion at a progressing CAGR of 7.15%.

This ready-to-eat food market forecast report extensively covers segmentations by:

  • Product - Frozen, ready-to-heat, and ready-to-cook
  • Geography - APAC, North America, South America, MEA, and Europe

This ready-to-eat food market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The ready to eat food market report offers information on several market vendors, including BRF SA, Campbell Soup Co., Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, Fleury Michon SA, General Mills Inc., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Greencore Group Plc, Haldiram Foods International Pvt. Ltd, ITC Ltd., Massa Leve, McCain Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA, Nomad Foods Ltd., Premier Foods Plc, The Kraft Heinz Co., Tyson Foods Inc., and VH Group among others.

What will the Ready to Eat Food Market Size be During the Forecast Period?

Ready To Eat Food Market Size

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Ready to Eat Food Market: Key Drivers, Trends, and Challenges

The growth of organized retail sector is notably driving the ready-to-eat food market growth, although factors such as need for adherence to stringent regulations and guidelines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ready-to-eat food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ready to Eat Food Market Driver

One of the key factors driving growth in the ready-to-eat food market is the growth of the organized retail sector. Hypermarkets and supermarkets are the two major offline distribution channels for ready-to-eat foods. Organized retailing is an integral part of offline distribution channels, which facilitates the purchasing process for consumers and enables them to choose from a diverse range of ready-to-eat foods. An increase in the number of organized retailers that offer shelf space for branded and private-label packaged ready-to-eat foods is expected to drive the market's growth during the forecast period. These retailers have a global presence, which helps them improve the visibility of packaged foods, including ready-to-eat foods, and increases the demand for such products. Therefore, the growth of the organized retail sector is expected to fuel the growth of the ready-to-eat food market in focus during the forecast period.

Key Ready to Eat Food Market Trend

One of the key ready-to-eat food market trends fueling the market growth is the growing prominence of online shopping. E-commerce enables consumers to access regional and global brands of ready-to-eat food products. The increased global penetration of smartphones fuels the significant rise in the number of e-commerce vendors worldwide. Brand-owned online formats and pure-play e-retailers are among the various e-commerce portals offering ready-to-eat food products. E-commerce platforms offer consumers personalized shopping assistance and suggestions about different ready-to-eat food products based on quantity, taste, texture, and flavor. Though offline distribution channels remain the key sales channels for ready-to-eat food products, online distribution channels are predicted to witness rapid growth during the forecast period. Competitively priced offerings and quick delivery services are the major factors for the growth of the global ready-to-eat food market through online distribution channels.

Key Ready to Eat Food Market Challenge

The need for adherence to stringent regulations and guidelines will be a major challenge for the ready-to-eat food market during the forecast period. These rules emphasize proper reviewing of food safety, business operations, insurance, and fire safety. They also involve financial obligations, including licensing, permits, and mandatory food safety training. Food manufacturers must make significant investments to limit the risks associated with consumer exposure to contaminated foods. In India, the Food Safety and Standards Authority of India (FSSAI) lays out the parameters for the certifications of food products. It is responsible for protecting and promoting public health through regulations and supervision of food safety. Complying with these regulations is tough for vendors, and any deviation from the labeling and guidelines specified by regulatory bodies can adversely affect the brand image of the manufacturers.

This ready-to-eat food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ready-to-eat food market as a part of the global packaged foods and meats under the global food products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ready-to-eat food market during the forecast period.

Who are the Major Ready to Eat Food Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BRF SA
  • Campbell Soup Co.
  • Conagra Brands Inc.
  • Dr. August Oetker Nahrungsmittel KG
  • Fleury Michon SA
  • General Mills Inc.
  • Gits Food Products Pvt. Ltd.
  • Godrej Agrovet Ltd.
  • Greencore Group Plc
  • Haldiram Foods International Pvt. Ltd
  • ITC Ltd.
  • Massa Leve
  • McCain Foods Ltd.
  • MTR Foods Pvt. Ltd.
  • Nestle SA
  • Nomad Foods Ltd.
  • Premier Foods Plc
  • The Kraft Heinz Co.
  • Tyson Foods Inc.
  • VH Group

 

This statistical study of the ready-to-eat food market encompasses successful business strategies deployed by the key vendors. The ready-to-eat food market is fragmented and the vendors are deploying growth strategies such as pricing strategies to compete in the market.

Product Insights and News

  • Campbell Soup Co. 
  • Snacks - Through this segment, the company offers cookies, crackers, fresh bakery and frozen products under the brands Milano, Goldfish, Lance, and Kettle.
  • Meals and Beverages - Through this segment, the company offers condensed and ready-to-serve soups, non-dairy beverages, and other simple meals under the brands Campbells, Swanson, and Pacific Foods. 

to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ready-to-eat food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ready to Eat Food Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ready-to-eat food market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ready to Eat Food Market?

Ready To Eat Food Market Market segmentation by region

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for ready-to-eat food in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC and MEA regions.

The increasing number of consumers, especially millennial consumers will facilitate the ready-to-eat food market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively affected the sales of consumer-packaged goods, including ready-to-eat food products, in 2020. This was owing to the reduced working hours of retailers and disruptions in the supply chain for ready-to-eat food products, especially in the first half of 2020. However, factors such as a significant rise in business operations in ready to eat food manufacturing companies, redesigned supply chains for ready to eat food products, the resumption of offline distribution channels since the Q3 2020 due to the availability of vaccines, and reducing COVID cases are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Ready to Eat Food Market?

Ready To Eat Food Market Segmentation

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The ready-to-eat food market share growth by the frozen segment will be significant during the forecast period. The increasing consumption of frozen foods is among the factors driving the frozen food segment across the globe. With the hectic lifestyle, due to longer working hours, consumers are on the lookout for convenience food products that can be consumed with minimum preparation. Thus, the increasing demand for frozen foods has encouraged some vendors in the market to expand their distribution capability in developing countries such as India, China, Brazil, Indonesia, and Mexico. Such increasing consumption of frozen food will drive the ready-to-eat food market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ready-to-eat food market size and actionable market insights on post COVID-19 impact on each segment.

 

Ready to Eat Food Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.15%

Market growth 2022-2026

$ 71.69 billion

Market structure

Fragmented

YoY growth (%)

6.63

Regional analysis

APAC, North America, South America, MEA, and Europe

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BRF SA, Campbell Soup Co., Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, Fleury Michon SA, General Mills Inc., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Greencore Group Plc, Haldiram Foods International Pvt. Ltd, ITC Ltd., Massa Leve, McCain Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA, Nomad Foods Ltd., Premier Foods Plc, The Kraft Heinz Co., Tyson Foods Inc., and VH Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Ready to Eat Food Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ready-to-eat food market growth during the next five years
  • Precise estimation of the ready-to-eat food market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ready to eat food industry across APAC, North America, South America, MEA, and Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ready-to-eat food market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Frozen - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Frozen - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Frozen - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Frozen - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Frozen - Year-over-year growth 2021-2026 (%)
    • 5.4 Ready-to-heat - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Ready-to-heat - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Ready-to-heat - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Ready-to-heat - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Ready-to-heat - Year-over-year growth 2021-2026 (%)
    • 5.5 Ready-to-cook - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Ready-to-cook - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Ready-to-cook - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Ready-to-cook - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Ready-to-cook - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Campbell Soup Co.
              • Exhibit 93: Campbell Soup Co. - Overview
              • Exhibit 94: Campbell Soup Co. - Business segments
              • Exhibit 95: Campbell Soup Co. - Key news
              • Exhibit 96: Campbell Soup Co. - Key offerings
              • Exhibit 97: Campbell Soup Co. - Segment focus
            • 10.4 Conagra Brands Inc.
              • Exhibit 98: Conagra Brands Inc. - Overview
              • Exhibit 99: Conagra Brands Inc. - Business segments
              • Exhibit 100: Conagra Brands Inc. - Key news
              • Exhibit 101: Conagra Brands Inc. - Key offerings
              • Exhibit 102: Conagra Brands Inc. - Segment focus
            • 10.5 Dr. August Oetker Nahrungsmittel KG
              • Exhibit 103: Dr. August Oetker Nahrungsmittel KG - Overview
              • Exhibit 104: Dr. August Oetker Nahrungsmittel KG - Product / Service
              • Exhibit 105: Dr. August Oetker Nahrungsmittel KG - Key offerings
            • 10.6 Fleury Michon SA
              • Exhibit 106: Fleury Michon SA - Overview
              • Exhibit 107: Fleury Michon SA - Business segments
              • Exhibit 108: Fleury Michon SA - Key offerings
              • Exhibit 109: Fleury Michon SA - Segment focus
            • 10.7 General Mills Inc.
              • Exhibit 110: General Mills Inc. - Overview
              • Exhibit 111: General Mills Inc. - Business segments
              • Exhibit 112: General Mills Inc. - Key offerings
              • Exhibit 113: General Mills Inc. - Segment focus
            • 10.8 McCain Foods Ltd.
              • Exhibit 114: McCain Foods Ltd. - Overview
              • Exhibit 115: McCain Foods Ltd. - Product / Service
              • Exhibit 116: McCain Foods Ltd. - Key offerings
            • 10.9 Nestle SA
              • Exhibit 117: Nestle SA - Overview
              • Exhibit 118: Nestle SA - Business segments
              • Exhibit 119: Nestle SA - Key news
              • Exhibit 120: Nestle SA - Key offerings
              • Exhibit 121: Nestle SA - Segment focus
            • 10.10 Nomad Foods Ltd.
              • Exhibit 122: Nomad Foods Ltd. - Overview
              • Exhibit 123: Nomad Foods Ltd. - Product / Service
              • Exhibit 124: Nomad Foods Ltd. - Key offerings
            • 10.11 Premier Foods Plc
              • Exhibit 125: Premier Foods Plc - Overview
              • Exhibit 126: Premier Foods Plc - Business segments
              • Exhibit 127: Premier Foods Plc - Key offerings
              • Exhibit 128: Premier Foods Plc - Segment focus
            • 10.12 The Kraft Heinz Co.
              • Exhibit 129: The Kraft Heinz Co. - Overview
              • Exhibit 130: The Kraft Heinz Co. - Business segments
              • Exhibit 131: The Kraft Heinz Co. - Key offerings
              • Exhibit 132: The Kraft Heinz Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Ready To Eat Food market growth will increase by $71.69 billion during 2021-2026.
              The ready to eat food market is expected to grow at a CAGR of 7.15% during 2021-2026.
              Technavio has segmented the ready to eat food market by product (Frozen, ready-to-heat, Ready-to-cook, Frozen, Ready-to-heat, and Ready-to-cook) and geographic (North America, Europe, APAC, and Middle East and Africa).
              BRF SA, Campbell Soup Co., Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, Fleury Michon SA, General Mills Inc., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Greencore Group Plc, Haldiram Foods International Pvt. Ltd, ITC Ltd., Massa Leve, McCain Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA, Nomad Foods Ltd., Premier Foods Plc, The Kraft Heinz Co., Tyson Foods Inc., VH Group are a few of the key vendors in the ready to eat food market.
              North America will register the highest growth rate of 36.28% among the other regions. Therefore, the ready to eat food market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the ready to eat food market growth are:
              • Growth of organized retail sector
              • Growing prominence for online shopping
              The ready to eat food market vendors should focus on grabbing business opportunities from the frozen segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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