Ready to Eat Food Market Was Valued at US$ 138407.62 Mn in 2021 - Coherent Market Insights

Global Ready to Eat Food Market is estimated to be valued at US$ 138407.62 Million in 2021, according to the Global Ready To Eat Food Market Report, by Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others), by Packaging (Canned, Frozen/Chilled, Retort, Others), by Distribution Channel (Hypermarket/Supermarket, Convenience Stores/Departmental Stores, Specialty Stores, Online Stores), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA) , published by Coherent Market Insights.  

Global ready to eat food market was valued at US$ 138407.62 Million in 2021. Ready to eat food market is expected to register a CAGR of 6.8 % over the forecast period (2022–2030), to reach US$ 248941.60 Million by 2030.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/ready-to-eat-food-market-4309

Key Trends and Analysis of the Global Ready To Eat Food Market:

The growth of the ready to eat food market is driven by the increase in the convenience offered, in terms of time-saving, and the little effort required for the preparation of these meals. Moreover, the preference for these meals by the working population and millennials has increased, owing to the fact that they only require heating before consumption, which reduces the overall effort. ​With the increasing demand, manufacturers are focusing on developing innovative products to capture the demand and to achieve major market shares. For instance,​in 2020, Freshly Inc., the meal delivery service acquired by Nestle SA, launched a new product line for consumers. FreshlyFit ready to eat meals are inspired by attributes of keto, paleo and plant-based diet principles. The offerings are gluten-free, clean label, made with whole-food ingredients and may be heated and served in three minutes.

Key Takeaways of the Global Ready To Eat Food Market:

• Global ready to eat food market was valued at US$ 138407.62 Million in 2021. Ready to eat food market is expected to register a CAGR of 6.8 % over the forecast period (2022–2030), to reach US$ 248941.60 Million by 2030.
• Meat/Poultry segment dominated the global ready to eat food market in 2019, accounting for 45.9% share in terms of value, followed by cereal based and vegetable based segment, respectively.
• New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the ready to eat food are key strategies adopted by players in the global ready to eat food market. For instance, in September 2019, Soreen has launched its new healthy snacking product at lunch!. The Banana Loaf Bar not only has Soreen’s squidgy texture and natural energy content but is also vegan approved (Vegetarian Society) at UK’s Biggest Food-to-go Showcase Previews New Product Innovations.