Ready
to eat (RTE) snacks refers to all the varieties frozen and chilled
snack products that are prepared in minimal time by heating it along
with water or simply frying it. RTE snacks have become popular in
recent times as people have less time to prepare food at home.
Companies have introduced large varieties of RTE snacks that are
convenient and come for affordable prices, thus consumers are
shifting from traditional home made snacks to RTE snacks.
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There
is a high demand for easy to prepare packaged food by both retail
segment and foodservice industry. Thus, RTE snacks market is expected
to grow with a significant single digit CAGR for the period of
2013-2019.
In
this report we have segmented the RTE snacks market in four
categories on the basis of product type such as potato specialties,
corn specialties, meat specialties and others. Potato specialties
include French fries, sweet potato cubes, wedges, hash browns and
croquettes among others. Corn specialties include crispy baby corn,
pop-corn and corn nuggets. Meat specialties consist of chicken
nuggets, chicken wings, grilled meat and wraps among others. The
market can also be segmented on the basis of geographies namely North
America, Asia Pacific, Europe and Rest of the World.
The
key driving factors are innovations in RTE snack varieties, growth in
quick service restaurants and growing distribution channel. Other
driving factors are growing number of working women and value prices.
Retail and foodservice are the largest distributors of RTE snacks
products. The unique selling preposition (USP) of RTE snacks is
convenience, thus it’s demand is growing worldwide specially in
emerging countries.
Key
players dominating this market space include McCain Foods Limited,
Tyson Foods, ConAgra Foods, Inc., Blaine Larsen Farms, Inc., and
Himalya International Limited.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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