Future
Market Insights delivers key insights on the global ready-to-eat food
products market in a new publication titled, “Ready-to-eat Food
Market: Global Industry Analysis and Opportunity Assessment,
2016–2026”. In terms of value, the global ready-to-eat food
products market is projected to register a healthy CAGR of 7.2%
during the forecast period (2016–2026). In the report, Future
Market Insights analyses the global
ready-to-eat food products market performance and gives
information on the key factors and trends impacting the market.
Analysts
at Future Market Insights predict that a rise in the number of
working women, a growing millennial population, and on-the-go
consumption habits are factors likely to boost the growth of the
global ready-to-eat food products market during the forecast period.
“A large number of innovations in packaging technology such as
introduction of advanced microwave technology have shifted the focus
towards consumption of packaged foods in developed countries such as
the U.S., Germany, and Russia; and this in turn has led to a
significant increase in the demand for ready-to-eat food products
globally.”Analyst, Future Market Insights.
However,
unhealthy substitutes and low quality and taste coupled with an
increasing shift towards a healthier lifestyle is likely to hinder
market growth in the coming years.
Segmentation
highlights
The
global ready-to-eat food products market is segmented on the basis of
Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others),
Packaging (Canned, Frozen or Chilled, Retort, Others), and
Distribution Channel (Hypermarket/Supermarket,
Convenience/Departmental Store, Specialty Store, Online Store,
Others).
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The
Meat/Poultry product type segment is estimated to be valued at US$
44.54 Bn in 2016, and is likely to expand at a CAGR of 7.7% over the
forecast period. This segment is expected to dominate the market in
terms of value from 2016 to 2026
The
Frozen or Chilled packaging segment is estimated to account for 40.0%
value share by the end of 2016. This segment is expected to account
for a major market share in terms of value over the forecast period
The
Hypermarket/Supermarket distribution channel segment is estimated to
be valued at US$ 38.66 Bn by the end of 2016, which is expected to
expand at a CAGR of 5.7% over the forecast period to be valued at US$
67.08 Bn by the end of 2026. Sales of ready-to-eat food products
through the Hypermarket/Supermarket channel are expected to support
segment growth over the forecast period
Regional
projections
The
global ready-to-eat food products market is segmented into seven key
regions – North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa
(MEA), and Japan. Asia Pacific excluding Japan (APEJ), Eastern
Europe, and North America are expected to register high growth rates
between 2016 and 2026. The ready-to-eat food products market in North
America is expected to register significant value over the forecast
period owing to increasing per capita consumption of ready-to-eat
food in this region.
By
the end of 2016, the North America market is estimated to be valued
at US$ 39.02 Bn, which is expected to expand at a CAGR of 7.3% over
the forecast period to be valued at US$ 78.73 Bn by the end of 2026.
The Asia Pacific market is estimated to be valued at US$ 17.73 Bn by
the end of 2016, which is expected to expand at a CAGR of 8.4% over
the forecast period to be valued at US$ 39.78 Bn by the end of 2026.
Vendor
insights
The
report profiles the leading companies operating in the global
ready-to-eat food products market. The companies profiled in the
report are Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills Inc.,
McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group,
Greencore Group Plc., Orkla ASA, ConAgra Foods, Inc., and ITC
Limited.
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