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Ready to Cook Market

Ready to Cook Market Size, Share & Trends Analysis Report

Ready to Cook Market Size, Share & Trend Analysis 2029

Published
Report ID : AIMR 1016
Number of pages : 200
Published Date : Apr 2023
Category : Beverages
Delivery Timeline : 48 hrs

Introduction:

The Ready to Cook market is a rapidly growing segment of the food industry. It includes prepackaged food products that require minimal preparation before consumption. These products are becoming increasingly popular due to their convenience and ease of use. The market for ready to cook food is expected to grow significantly in the coming years, driven by changing consumer preferences and lifestyle choices. In this article, we will explore the current state of the ready to cook market, its size, and its potential for growth. We will also examine the key players in the industry, the major trends and drivers affecting the market, and the opportunities and threats facing the industry.

Market Size and Market Share:

The ready to cook market is a rapidly growing industry, with a global market size of over ~USD 9 billion in 2029. This figure is expected to grow at a CAGR of + 10 % during the forecast period.

The market is dominated by North America, with a market share of over 35%. Asia Pacific is the second-largest market for ready to cook food products, with a share of approximately 25%. Europe and the Middle East and Africa follow, with market shares of 20% and 15%, respectively.

Key Players-

  • Bambino Agro Industries Ltd.
  • Capital Foods Pvt. Ltd.
  • CG Corp.
  • DARSHAN FOODS PVT. LTD.
  • Desai Foods Pvt Ltd.
  • Gits Food Products Pvt. Ltd.
  • Godrej Agrovet Ltd.
  • Hindustan Unilever Ltd.
  • iD Fresh Food India Pvt. Ltd.
  • IndianFarm Foods Pvt. Ltd.
  • Innovative Foods Ltd.
  • ITC Ltd.
  • Kohinoor Foods Ltd.
  • Maiyas Beverages and Foods Pvt. Ltd.
  • McCain Foods Ltd.
  • Nestle SA
  • Orkla ASA
  • Regal Kitchen Foods Ltd.
  • Tata Consumer Products Ltd.
  • Universal Corp. Ltd.

Segmentation-

Product Type

  • Instant Breakfast/Cereals
  • Instant Soups and Snacks
  • Ready Meals
  • Baked Goods
  • Meat Products
  • Other Product Types

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail Stores
  • Other Distribution Channels

By Regional & Country Level:

  • North America

    • US.
    • Canada
  • Europe

    • UK.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of the Middle East and Africa

Major Trends and Drivers:

One of the major trends driving the growth of the ready to cook market is the changing lifestyles of consumers. With busy schedules and a growing desire for convenience, consumers are increasingly turning to ready to cook food products as a quick and easy solution. Another significant trend in the market is the increasing demand for healthier food options. Ready to cook food products that are low in calories, fat, and sodium are becoming increasingly popular. Consumers are also seeking out products that are organic, natural, and free from artificial preservatives and additives.

The COVID-19 pandemic has also had a significant impact on the ready to cook market. With lockdowns and social distancing measures in place, more people are cooking at home. The demand for ready to cook food products has increased as consumers look for quick and easy meal options that can be prepared at home.

Opportunities and Threats:

The ready to cook market presents numerous opportunities for growth, including the expansion of product offerings to cater to changing consumer preferences, the development of new distribution channels, and the exploration of emerging markets. However, the industry also faces several threats, including the increasing competition from private label brands, the rising cost of raw materials, and the changing regulatory environment.

Regulatory and Legal Issues:

The ready to cook market is subject to a wide range of regulatory and legal issues. These include food safety regulations, labeling requirements, and product claims. The industry is also subject to changes in trade policies and tariffs, which can impact the cost of raw materials and the ability to export products to certain markets. The regulatory and legal environment for the ready to cook market is likely to continue to evolve in the coming years, as governments around the world look to ensure the safety and quality of food products.

Target Demographics:

The target demographic for the ready to cook market is broad, ranging from busy professionals and families to health-conscious consumers and those seeking convenient meal options. In general, the market is skewed towards younger consumers, who are more likely to embrace new technologies and lifestyle trends.

Pricing Trends:

The pricing of ready to cook food products varies depending on the type of product, brand, and packaging size Ready to cook products are generally priced higher than traditional food products due to their convenience and ease of use. However, there is significant variation in pricing across different segments of the market. Premium products that cater to health-conscious consumers or offer unique flavor profiles may be priced higher than standard products. Bulk packaging sizes may also be priced lower to appeal to price-sensitive consumers.

Conclusion:

The ready to cook market is a rapidly growing industry with significant potential for growth in the coming years. Changing consumer lifestyles, the increasing demand for healthier food options, and the impact of the COVID-19 pandemic are driving the growth of the industry. However, the industry also faces several challenges, including increasing competition from private label brands and the changing regulatory environment. Companies operating in the ready to cook market must stay ahead of these trends and challenges to remain competitive and successful.

SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

Product Type

  • Instant Breakfast/Cereals
  • Instant Soups and Snacks
  • Ready Meals
  • Baked Goods
  • Meat Products
  • Other Product Types

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail Stores
  • Other Distribution Channels
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Bambino Agro Industries Ltd.
  • Capital Foods Pvt. Ltd.
  • CG Corp.
  • DARSHAN FOODS PVT. LTD.
  • Desai Foods Pvt Ltd.
  • Gits Food Products Pvt. Ltd.
  • Godrej Agrovet Ltd.
  • Hindustan Unilever Ltd.
  • iD Fresh Food India Pvt. Ltd.
  • IndianFarm Foods Pvt. Ltd.
  • Innovative Foods Ltd.
  • ITC Ltd.
  • Kohinoor Foods Ltd.
  • Maiyas Beverages and Foods Pvt. Ltd.
  • McCain Foods Ltd.
  • Nestle SA
  • Orkla ASA
  • Regal Kitchen Foods Ltd.
  • Tata Consumer Products Ltd.
  • Universal Corp. Ltd.

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