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Table of Contents
Frozen ready meal are complete meals which need no additional ingredients as opposed to other meals. These foods are instant, convenient, affordable and healthy. Frozen ready meal offers a wide variety of foods like roast dinners, chicken breast with sauce, meat, fish, poultry, or pasta with sauce and vegetables. Frozen meals are accepted more by the consumer due to change in the lifestyle of people. Factors driving the growth of Frozen Ready Meal market are busy schedule of working population and the purchasing power. Availability of wide variety of frozen ready meal in the market has also contributed in the growth. These foods are overloaded with sodium, fat and calories which can cause certain health risk.
Frozen Ready Meal Market is majorly segmented into Beef Meals, Chicken Meals, Frozen Pizza, Frozen Vegetarian Meals. Among all the variety of frozen food beef meals are consumed maximum globally followed by chicken and vegetarian meals. On the basis of distribution channel Frozen Ready Meal Market is divided into Supermarket, Convenience Store, Online Stores and others. Shopping malls are expected to provide opportunities to new players to establish their market and local payer to grow their market penetration.
Geographically North America and western Europe forming the largest part of the total volume of sales and expected to show strong growth in forecasted period. Latin America and Eastern Europe generate second largest revenue in Frozen Ready Meal Market. In Europe, Germany is the market leader accounting for the largest market share. Global Frozen Ready Meal Market is highly fragmented due to the presence of small and large vendors and different distribution channels. Asia Pacific Market also showing strong growth in recent years and expected to grow at healthy growth rate.
Frozen Ready Meal Market : Product Type
Frozen Ready Meal Market : Distribution Channel
Global Frozen Ready Meal Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Frozen Ready Meal Market:
Geographical analysis of Frozen Ready Meal Market:
Global Frozen Ready Meal Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 50077.93 million |
Forecast Value (2031) |
USD 76803.18 million |
CAGR (2025-2030) |
6.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Frozen Ready Meal Market was valued at around USD 50077.93 million in 2023 & estimated to reach USD 76803.18 million by 2030.
Frozen Ready Meal Market is likely to grow at Compound Annual Growth Rate (CAGR) of 6.3% between 2024 to 2030.
Frozen Ready Meal Market is dominated by the Supermarket segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Frozen Ready Meal Market are
Primary driving factors for the growth of the Frozen Ready Meal Market include Busy schedule of working population, growing purchasing power along with change in the lifestyle.
Yes, the report includes COVID 19 impact on the market.
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