Global Ready-to-Eat Food Market Analysis & Forecasts 2018-2023: Projected to Grow at a CAGR of 21.8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Ready-to-Eat Food Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global ready-to-eat food market is expected to grow at a 21.8% CAGR during the forecast period 2018-2023.
The ready-to-eat food products do not require elaborate processing before consumption and save the time and energy of consumers. Currently, ready-to-eat food is the largest segment in the overall conventional and non-conventional food industry. This segment is growing at a fast pace as a result of the high consumer acceptance for such food globally.
The improving consumer lifestyle, rapid urbanization, and high disposable income are increasing demand for on the go convenience foods, thereby fuelling the ready-to-eat food market growth. Changing food consumption behavior among consumers, increased willingness to spend on such food and the lack of time to cook at home are a result of the rapid urbanization. Urbanization also helps in increasing the disposable income, which increases the food expenditure of the final consumer.
The rising health consciousness among the consumers and sometimes poor sensory properties of ready-to-eat food can restrain the growth of the ready-to-eat food market. Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected provide a future growth opportunity in the sector.
The Meat/Poultry segment is projected to account for the largest value share during the forecast period, this segment is estimated to account for 48% value share in 2016.
Based on distributional channels, the market is segmented into hypermarkets, supermarkets, convenience stores, departmental stores, specialty stores, and online purchases. Hypermarket and supermarket segment is estimated to account for the highest value share of 37% in 2016 and is expected to gain significant market share by the end of 2023.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesBakkavor Foods Ltd. Birds Eye Ltd. ConAgra Foods Inc. Findus Group Ltd. General Mills Greencore Group PLC ITC Limited McCain Foods Nomad Foods Ltd. Orkla ASA Premier Foods Group Ltd. Sisters Food Group
For more information about this report visit https://www.researchandmarkets.com/research/j9xnmr/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005413/en/
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Related Topics:Processed Food
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/20/2018 11:17 AM/DISC: 08/20/2018 11:17 AM