Global Microwavable Foods Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 4.4% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 9, 2018--The “Microwavable Foods Market by Product and Packaging Technology - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.
The global microwavable foods market was valued at $100,098 million in 2016, and is projected to reach $136,305 million by 2023, registering a CAGR of 4.4% from 2017 to 2023.
Microwavable food is defined as a prepackaged meal or food product that requires minimal preparation for cooking. Shelf stable microwavable food, chilled food, and frozen food are categorized under products that can be prepared in a microwave. Microwaves cause water, fat, and sugar molecules to vibrate 2.5 million times per second, producing heat that cooks the food. Foods that can be safely stored at room temperature or on the shelf are called shelf stable microwavable foods. These foods are pretreated by heat or dried to destroy food-borne microorganisms.
Emerging economies, such as India and China, have led to high demand for microwavable food. Increase in disposable income and rise in standard of living have led to changes in the dietary preferences of consumers. Increase in participation of women in labor force has increased the dependency on readymade and convenience food. This in turn has led to surge in demand for shelf stable, chilled, and frozen food, fueling the growth of microwavable foods market. Rapid increase in number of large retail chains, including hypermarkets and supermarkets, fuels the demand for microwavable foods. Moreover, continuous innovation and development in the packaging of microwavable food items attracts the customer, and hence drives the overall growth of the market.
Companies Mentioned:Bellisio Foods Inc. Hormel Foods Corporation Gunnar Dafgrd AB Frosta AG Freiberger Lebensmittel GmbH & Co KG Cargill Incorporated Tyson Foods
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Microwavable Foods Market, By Product
Chapter 5: Microwavable Foods Market, By Packaging Technology
Chapter 6: Microwavable Foods Market, By Geography
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/b3hdgt/global?w=4
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INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/09/2018 04:54 AM/DISC: 07/09/2018 04:54 AM