Global Frozen Ready Meal Products Market Research Report, 2027

Global Frozen Ready Meal Product Market will grow with an expected CAGR of above 5%. This report consist industry trends and major growing factors.

Featured Companies

  • 1. Nestle SA
  • 2. POWER-ONE MICRO SYSTEMS Private Limited
  • 3. The Kraft Heinz Company
  • 4. Aryzta AG
  • 5. General mills Inc.
  • 6. Ajinomoto Co. Inc
  • 7. Kerry Group
  • 8. Grupo Bimbo S.A.B. De C.V
  • 9. McCain Foods Limited
  • More...

In recent years, ready-to-eat food has emerged as one of the most versatile global ready meals market segments. A rise in convenience trends and a parallel rise in demand for specific meal solutions have resulted in strong demand for frozen ready meals. The frozen food and beverage industry is viewed as a one-stop shop for customers on the go, offering everything from frozen sweets to appetizers and meals. The growing consumer preference for convenience foods indirectly benefits the growing demand for frozen ready meal because they take less time and effort to prepare than cooking from scratch. Due to the consumers' hectic lifestyles, the processed food market is driven by a greater need for convenience. As a result, the demand for frozen goods rises. Increasing disposable income is another factor that significantly impacts the growth of the frozen ready meals market because it increases consumer purchasing power. The report titled “Global Frozen Ready Meal Product Market Research Report, 2027” gives a complete insight into the market performance of ready meal products and its growth globally. People globally have developed the habit of consuming convenience meals, which have diverted their attention towards prepared or pre-prepared foods. This has been due to a change in consumer lifestyles over the last few years. Continuous busy lifestyle and limited time available for cooking in a hectic work schedule have inclined consumers toward the consumption of ready-to-make frozen food. Companies are also coming up with meal kits, which also include mixed dinner to attract working women who not get sufficient time for cooking a full meal. This report provides a detailed analysis of the performance of ready meals globally along with historical and forecasted analysis including the top profiled companies. This growing adaption in the market will surely let the frozen ready meal products to grow with an expected CAGR of above 5% during the forecast period.

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Owing to this increasing demand, the manufacturers have been mainly focusing on the nutritional contents, microbiological safety, and other measures while preparing frozen food. The frozen ready meal market has been dominated by the top three regions namely North America, Europe, Asia- Pacific, apart from that the growth in the Middle-East region being at a developing. Different components influencing the market are the- changing food utilization designs, expanding urbanization, less time, and more disposable income. The availability of ready meals has increased which is largely supported by the distribution through supermarket and hypermarket and the online platforms as they have made it easy to reach. The increase in the number of people working in emerging economies such as China and India, as well as the trend toward longer and more variable working hours, has resulted in a progressive shift away from the traditional paradigm of daily cooking. This segment contains vegetable and non- vegetable meals, frozen pizza, frozen chapattis, etc. that is very much popular among the consumers as it provides a diverse menu with a convenient preparation. These products are packed in hygienic conditions to ensure zero contamination and improved shelf life. As the number of working people has increased, the necessity to save time in food preparation also increased; which is profitable for the marketers. Frozen convenience foods sold by food supply chain companies continue to contribute significantly to revenue. Additional revenue share is expected soon as convenience stores expand their frozen ready meal selection and internet sales tap into previously untapped market opportunities. One of the most recent market trends is online grocery shopping and the introduction of new apps that make it easier for consumers to select their preferred products. Customers prefer online shopping because of its convenience and variety. According to the obtained data, nearly 25% of the population purchased food and groceries from online retail channels. Retail ready meal shopping is emerging as one of the platforms for companies to showcase and sell their food products as the Internet and smartphone penetration grows. A rise in convenience patterns, as well as a simultaneous increase in need for customized meal options, has resulted in strong desire for frozen packed meals.

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Kripa Shah

Kripa Shah

Senior Analyst

Consumer preferences for packaged meals are constantly changing as people are looking for higher-quality ingredients, more variety, and speedier delivery. This has boosted the popularity of ready-to-eat takeaways and same-day delivery, for which, customers are willing to pay a premium. According to Eating Better’s Ready Meals 2020 Snapshot Survey, 88% of adults in the U.K. eat ready breakfasts and dinners or ready-to-cook foods and two in five people eat packaged meals every week. Such trends bode well for market growth. Meanwhile, the rising pressure upon brands to offer products that are better for the environment continues to shift the overall concept of packaged food boxes toward more plant-based/vegan ingredients and the use of sustainable packaging with less plastic and waste. The supply side of the market has also been changing as a result of the growing demand for ready meals, pushing restaurants, hotels, and cafes to change their business models. At the same time, this transition opens up new possibilities for retailers like supermarkets, hypermarkets, and grocers. Key supermarkets such as Walmart, Target, and Aldi have introduced or collaborated with cloud kitchens to provide packaged breakfast and dinners on their shelves. For instance, in October 2020, Finnair started selling its offerings in supermarkets by launching ‘Taste of Finnair’ at K-Citymarket Tammisto, a supermarket in Vantaa, Finland. The innovative packaging of private and local brands attracts an enormous amount of consumers, ultimately fueling growth of the global market. Increase in the number of manufacturers of frozen food in the recent past, has led to large competition in the global market. Low cost of products provided by various suppliers has created a greater opportunity for users to choose a preferred supplier from a large number of global suppliers available in the market. In most parts of the world, an increase in per capita income is another factor driving net sales of ready meals. Recent Developments: -In 2019, Conagra Brands, Inc. under its brand Gardein is aiming to fulfill the growing demand for plant-based food by expanding its line of meat-free dishes. The latest innovations made by the company include various plant based options for snacks and meals. The frozen ready meals added by the company include Chick'n Wings, Tenders and Nuggets, Breakfast Bowls, Italian Saus'age Patties and others. Further, Conagra Brands Inc. launched its extensive summer line products in 2021 to provide manufacturers inside single-serve frozen meals and collect brands with new Banquet®, Marie Callender’s, Wholesome Alternative®, and Hungry Man® dishes. Conagra's mission is to please customers by providing nutritious frozen foods.

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Kripa Shah

-In September 2019, Campbell Soup Co.’s sponsor teamed up with NFL stars Dak Prescott and Saquon Barkley for launch of a new brand platform called “Champions of Chunky”. This new brand platform adopted an integrated marketing champion comprising of social media engagements and local market activations. -In 2019, the Lightlife Foods announced that the Lightlife Burger and Lightlife Ground, the plant-based meat products, will be available in the meat aisle at thousands of stores across North America in the frozen form. The company has ensured that these frozen products are free from artificial flavors, soy and gluten and thus, take into consideration the better well-being of the people. -In 2020, the Dutch start-up Lazy Vegan released its latest frozen ready meal, "Thai Green Curry," which is gluten-free and soy-free. It also launched vegan frozen meals with plant-based chicken and Ready Meals in order to establish a strong presence in the European market. -In 2021, Nomad Foods announced an agreement with Fortenova Grupa d. d. to acquire Fortenova's Frozen Food Business Group (FFBG) in cash for USD 724 million in order to expand its product portfolio, as FFBG offers a wide range of frozen meals and has a large distribution channel in Eastern Europe. -In September 2021, Walki-a company which specializes in consumer and industrial packaging launched a portfolio of trays for packaged and frozen foods, which is claimed to be recyclable in paper streams. The new trays include the Walki Pack Tray PET, with a thin PET lining that is classified as mono-material, making it suitable for recycling in paper streams. Covid-19 Impacts: During the covid-19 outbreak, a large number of the population became more concerned about their health. Therefore, people are more cautious about what they eat. The danger of increased blood pressure continues since frozen ready meals include a significant concentration of preservatives and salt. The use of additive preservatives to extend the life of grocery items may operate against the frozen ready meal market's usual sales cycle. Covid-19 pandemic outbreak benefited the frozen ready meal business due to its ease. Since many bachelors were confined towards their houses and residences, bachelors had to rely on quick and prepared meals to sustain life. Diners and other outlets were closed due to covid lockdown and social distancing conventions, which increased the market demand for frozen ready meals. For the frozen ready meal market, the post-coronavirus scenario is anticipated to bring mixed feelings. Marketers must consider consumer views, which demand high quality and reasonable price along with low health risk factors in frozen ready meals. Overall, during the forecast period, the frozen ready meal economy is predicted to rise at a stable pace. Major companies in the market Aryzta AG, General Mills Inc., Kraft Heinz Company, Ajinomoto Co. Inc, Nestle S.A., Flowers Foods, Kerry Group Considered for the report: -Geography: Global -Historic year: 2016 -Base year: 2021 -Estimated year: 2022 -Forecasted year: 2027 Aspects covered in this report -Global frozen Ready Meal market with its value and forecast along with its segments -Region & Country-wise Ready Meal market analysis -Various divers and challenges -Ongoing trends and developments -Top profiled companies Regions covered in the report -North America (USA, Canada, Mexico) -Europe (UK, Germany, Spain, France, Italy, Russia) -South America (Brazil, Argentina, Chile, Columbia) -Asia-Pacific (China, Japan, Australia, India) -Middle-East & Africa (UAE, Saudi Arabia, Israel) -Africa (South Africa) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started, verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to ready meal products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Nestle SA
  • POWER-ONE MICRO SYSTEMS Private Limited
  • The Kraft Heinz Company
  • Aryzta AG
  • General mills Inc.
  • Ajinomoto Co. Inc
  • Kerry Group
  • Grupo Bimbo S.A.B. De C.V
  • McCain Foods Limited
  • Tyson Foods, Inc.
  • Kellogg Company
  • Al Kabeer group
  • Conagra Brands, Inc
  • Nomad foods
  • Hormel food
  • Iceland food

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Frozen Food Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Global Frozen Potato Market Outlook
  • 5.3. Global Frozen Fruits & Vegetables Market Outlook
  • 5.4. Global Frozen Ready Meals Market Outlook
  • 5.5. Global Frozen Meat & Poultry Market Outlook
  • 5.6. Global Frozen Fish/Seafood Market Outlook
  • 5.7. Market Share
  • 5.7.1. By Region
  • 5.7.2. By Company
  • 5.7.3. By Product Type
  • 5.7.4. By Ready Meal Type
  • 5.7.5. By Freezing Technique
  • 5.7.6. By End User
  • 5.7.7. By Sales Channel
  • 6. North America Frozen Ready Meal Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market share By Type
  • 6.2.1. US Frozen Ready Meal Market Outlook
  • 6.2.2. Canada Frozen Ready Meal Market Outlook
  • 6.2.3. Mexico Frozen Ready Meal Market Outlook
  • 6.2.4. Rest of North America Frozen Ready Meal Market Outlook
  • 7. Europe Frozen Ready Meal Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market share By Type
  • 7.2.1. UK Frozen Ready Meal Market Outlook
  • 7.2.2. Germany Frozen Ready Meal Market Outlook
  • 7.2.3. France Frozen Ready Meal Market Outlook
  • 7.2.4. Italy Frozen Ready Meal Market Outlook
  • 7.2.5. Russia Frozen Ready Meal Market Outlook
  • 7.2.6. Spain Frozen Ready Meal Market Outlook
  • 7.2.7. Rest of Europe Frozen Ready Meal Market Outlook
  • 8. Asia-Pacific Frozen Ready Meal Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market share By Type
  • 8.2.1. China Frozen Ready Meal Market Outlook
  • 8.2.2. Japan Frozen Ready Meal Market Outlook
  • 8.2.3. Australia Frozen Ready Meal Market Outlook
  • 8.2.4. India Frozen Ready Meal Market Outlook
  • 8.2.5. Rest of Asia-Pacific Frozen Ready Meal Market Outlook
  • 9. Latin America Frozen Ready Meal Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market share By Type
  • 9.2.1. Brazil Frozen Ready Meal Market Outlook
  • 9.2.2. Argentina Frozen Ready Meal Market Outlook
  • 9.2.3. Chile Frozen Ready Meal Market Outlook
  • 9.2.4. Columbia Frozen Ready Meal Market Outlook
  • 9.2.5. Rest of Latin America Frozen Ready Meal Market Outlook
  • 10. Middle East Frozen Ready Meal Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market share By Type
  • 10.2.1. UAE Frozen Ready Meal Market Outlook
  • 10.2.2. Saudi Arabia Frozen Ready Meal Market Outlook
  • 10.2.3. Israel Frozen Ready Meal Market Outlook
  • 10.2.4. Rest of Middle East Frozen Ready Meal Market Outlook
  • 11. Africa Frozen Ready Meal Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market share By Type
  • 11.2.1. South Africa Frozen Ready Meal Market Outlook
  • 11.2.2. Rest of Africa Frozen Ready Meal Market Outlook
  • 12. Policy and Regulatory
  • 13. Market Dynamics
  • 13.1. Market Drivers
  • 13.2. Market Challenges
  • 14. Market Trends and Developments
  • 14.1. XXXXXX
  • 14.2. XXXXXX
  • 14.3. XXXXXX
  • 14.4. XXXXXX
  • 14.5. XXXXXX
  • 14.6. XXXXXX
  • 15. Competitive Landscape
  • 15.1. Porters Five Force Model
  • 15.2. Company Profiles
  • 15.2.1. Aryzta AG.
  • 15.2.2. General Mills Inc.
  • 15.2.3. Kraft Heinz Company
  • 15.2.4. Ajinomoto Co. Inc
  • 15.2.5. Nestle S.A.
  • 15.2.6. Flowers Foods
  • 15.2.7. Kerry Group
  • 15.2.8. Grupo Bimbo S.A.B. De C.V
  • 15.2.9. Mccain Foods Limited
  • 15.2.10. Tyson Foods, Inc.
  • 15.2.11. Kellogg Company
  • 15.2.12. Conagra Brands, Inc
  • 15.2.13. Nomad Foods
  • 15.2.14. Hormel Food
  • 15.2.15. Iceland Food
  • 15.2.16. Al Kabeer Group
  • 16. Strategic Recommendations
  • 17. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Frozen Food Market Share By Region (2016, 2021&2027F)
Table 5: Global Frozen Food Market Share By Company(2021)
Table 6: Key Facts of Aryzta AG.
Table 7: Key Facts of General Mills Inc.
Table 8: Key Facts of Kraft Heinz Company
Table 9: Key Facts of Ajinomoto Co. Inc
Table 10: Key Facts of Nestle S.A.
Table 11: Key Facts of Flowers Foods
Table 12: Key Facts of Kerry Group
Table 13: Key Facts of Grupo Bimbo S.A.B. De C.V
Table 14: Key Facts of Mccain Foods Limited
Table 15: Key Facts of Tyson Foods, Inc.
Table 16: Key Facts of Kellogg Company
Table 17: Key Facts of Conagra Brands, Inc
Table 18: Key Facts of Nomad Foods
Table 19: Key Facts of Hormel Food
Table 20: Key Facts of Iceland Food
Table 21: Key Facts of Al Kabeer Group

List of Figures
Figure 1: Global Frozen Food Market Size By Value 2016 to 2027F(In USD Billion)
Figure 2: Global Frozen Potato Market Size By Value 2016 to 2027F(In USD Billion)
Figure 3: Global Frozen Fruits & Vegetables Market Size By Value 2016 to 2027F(In USD Billion)
Figure 4: Global Frozen Ready Meals Market Size By Value 2016 to 2027F(In USD Billion)
Figure 5: Global Frozen Meat & Poultry Market Size By Value 2016 to 2027F(In USD Billion)
Figure 6: Global Frozen Fish/Seafood Market Size By Value 2016 to 2027F(In USD Billion)
Figure 7: Global Frozen Food Market Share By Product Type (2016, 2021&2027F)
Figure 8: Global Frozen Food Market Share By Ready Meal Type (2016, 2021&2027F)
Figure 9: Global Frozen Food Market Share By Freezing Technique (2016, 2021 & 2027F)
Figure 10: Global Frozen Food Market Share By End User (2016, 2021 & 2027F)
Figure 11: Global Frozen Food Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 12: North America Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 13: North America Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 14: US Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 15: Canada Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 16: Mexico Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 17: Rest of North America Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 18: Europe Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 19: Europe Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 20: UK Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 21: Germany Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 22: France Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 23: Italy Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 24: Russia Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 25: Spain Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 26: Rest of Europe Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 27: Asia-Pacific Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 28: Asia-Pacific Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 29: China Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 30: Japan Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 31: Australia Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 32: India Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 33: Rest of Asia-Pacific Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 34: Latin America Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 35: Latin America Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 36: Brazil Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 37: Argentina Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 38: Chile Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 39: Columbia Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 40: Rest of Latin America Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 41: Middle East Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 42: Middle East Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 43: UAE Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 44: Saudi Arabia Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 45: Israel Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 46: Rest of Middle East Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 47: Africa Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 48: Africa Frozen Ready Meal Market Share By Type (2016, 2021&2027F)
Figure 49: South Africa Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 50: Rest of Africa Frozen Ready Meal Market Size By Value 2016 to 2027F(In USD Billion)
Figure 51: Market Attractiveness Index, 2021
Figure 52: Market Attractiveness Index, 2027F
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Global Frozen Ready Meal Products Market Research Report, 2027

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