Prepared Meals Market Segmented: By Product Type (Frozen & Chilled, Canned and Dried); By Distribution Channel (Supermarket & Hypermarket, Convenience Stores and Online); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
[174+ Pages Research report] Global Prepared Meals Market to surpass USD 376.85 million by 2030 from USD 170.56 million in 2020 at a CAGR of 6.9 % in the coming years, i.e., 2021-30.
Product Overview
Prepared Meals are a cost-effective substitute meal that takes less time to prepare because they are precooked. These meals are available all year and are completely healthy to eat. While packaged foods deplete nutrients, the various methods used to prepare Prepared Meals ensure that nutrients are lost to a minimum in most cases. Precooked or ready-to-eat meals are very convenient since they save time and effort in the kitchen. This has resulted in a rise in the demand for ready-to-eat meals, especially among the working population and students around the world. Since they are precooked, prepared meals are a cost-effective option. Furthermore, the year-round supply of prepared meals would have a positive effect on demand. Furthermore, print and radio advertisements have played an important role in raising consciousness about prepared meals, resulting in increased consumer growth.
Market Highlights
Global Prepared Meals is expected to project a notable CAGR of 6.9% in 2030.
Shifting consumers’ preferences towards ready-to-eat food products due to the busy lifestyle of working individuals as well as hectic work schedules of college grads and students is projected to be a key factor for the market growth in the coming years. Besides, the rising demand for minimally processed and additive-free food products with an extended shelf life is expected to fuel market growth.
Global Prepared Meals: Segments
Frozen & Chilled segment to grow with the highest CAGR during 2020-30
Global Prepared Meals is segmented by product type into Frozen & Chilled, Canned, and Dried. Frozen & Chilled segment held the largest market share in the year 2020 due to a large number of items with a long shelf life. The most famous frozen ready meal is frozen pizza, which contributes significantly to global sales. Canned meals are also expected to grow at a rapid pace, owing to their growing popularity among young people all over the world. In the future, the dried product segment is expected to expand significantly. Foods like instant pasta and noodles are examples of dried goods.
Online segment to grow with the highest CAGR during 2020-30
Global Prepared Meals is segmented by distribution channel into Supermarket & Hypermarket, Convenience Stores, and Online. Over the forecast period, the online distribution channel is projected to expand at the fastest pace. Sales via this channel have been powered by the increasing popularity of e-commerce platforms among manufacturers and high internet penetration.
Market Dynamics
Drivers
Rising Consumer Disposable Income and Growing Western Culture
Surging demand of Prepared Meals from numerous end-user industries is the key factor contributing in market growth. The market's rapid growth can be attributed to the continuing convenience food trend and rising consumer disposable income per capita. Another factor driving up global prepared meals is the rising working population. Consumers changing lifestyles and the growing presence of western culture in developing countries are catalyzing the growth of the ready-to-eat meals industry. Due to an increase in the number of organic Prepared Meals launches, technological advances, and the development of a strong distribution network in both developing and developed countries, vendors in the global market are expected to see lucrative growth opportunities in the coming years.
Time and effort saving and low-cost alternative to junk food
The increase in the convenience offered in terms of time savings and little effort needed for the preparation of these meals is driving the growth of the Prepared Meals market. Furthermore, the working population and students have become more interested in these meals as a result of the fact that they only require heating before consumption, reducing overall effort. Furthermore, these meals are low-cost alternatives to junk food, which is expected to increase their popularity in the near future.
Restraint
Health effects and sustainability of product quality
The market's growth is being hampered by ambiguity about the health effects of eating packed and frozen food, as well as market players' failure to sustain product quality and consistency during transportation and storage.
Global Prepared Meals Market: Key Players
Nestlé S.A.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
ConAgra Brands Inc.
Kraft Heinz Company
Chao Xiang Yuan Food Co. Ltd.
Dr. Oetker
BRF S.A.
Berkshire
Green Mill Foods
General Mills
Other Prominent Players
Global Prepared Meals Market: Regions
Global Prepared Meals is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global Prepared Meals in APAC held the largest market share in the year 2020 in terms of revenue. This increase can be due to the region's financially strengthening consumer base. Furthermore, the regional market is growing as a result of a growing population, raising customer disposable income, rapid industrialization, and increased awareness of ready-to-eat meals. Europe is also estimated to witness considerable growth in coming years owing to the introduction of innovative products, such as frozen vegetables and salads. Moreover, increased demand for gluten-free meat is another factor fueling the market growth.
Global Prepared Meals Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Prepared Meals Market report also contains analysis on:
Prepared Meals Segments:
By Product Type
Frozen & Chilled
Canned
Dried
By Distribution Channel
Supermarket & Hypermarket
Convenience Stores
Online
Prepared Meals Market Dynamics
Prepared Meals Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Prepared Meals Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Prepared Meals market
What is the Prepared Meals market growth
Which segment accounted for the largest Prepared Meals market share
Who are the key players in the Prepared Meals market
What are the factors driving the Prepared Meals market
Contents
1. Executive Summary
2. Global Prepared Meals Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Prepared Meals Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Prepared Meals Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Prepared Meals Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Product Type: Market Share (2020-2030F)
1. Frozen & Chilled, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Canned, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Dried, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Distribution Channel: Market Share (2020-2030F)
1. Supermarket & Hypermarket, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Convenience stores, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
1. Company Profile
1. Nestlé S.A
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. ConAgra Brands Inc.
3. Kraft Heinz Company
4. Chao Xiang Yuan Food Co. Ltd.
5. Dr. Oetker
6. BRF S.A.
7. Berkshire
8. Green Mill Foods
9. General Mills
10. Other Prominent Players
1. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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