Sep 24, 2020 9:44 AM ET
iCrowd Newswire – Sep 24, 2020

The global frozen ready meals market is predicted to reach USD 22.83 billion and develop at a CAGR of about 5.3% in the forecast period. Frozen ready meal is a convenient, instant, healthy, and affordable option to fresh food. Frozen meals provide a wide range of food products varying from mashed potatoes, meats, and mushy vegetables. There is high requirement for frozen ready meals, as exposing foods to low temperature keeps them free from fungal and microbial contamination. Frozen ready food can be stored for various months without impacting the quality. Presently, makers have stressed on the manufacturing of frozen ready meals with microbiological safety, nutritional quality, and convenience of handling.

Major players in the global market include Fleury Michon, Conagra Brands Inc., Nestle S.A., Kraft Foods Group Inc., Ajinomoto Co. Inc., Unilever, Kerry Group, Kelloggs, Nichirei Foods Inc., and McCain Foods Limited.

Increase In Working Population And Need For Preparing Food In Less Time To Boost The Global Market

The global frozen ready meals market is boosted by requirement for making food in less time and rise in working population. Hence, busy lifestyle paired with increasing purchasing ability is expected to boost the global market. In addition to this, availability of a broad series of convenient and healthy frozen ready meals created with the help of natural ingredients is predicted to present considerable growth avenues to players in the market. On the other hand, frozen meals are frequently high in sodium, which results to elevated blood pressure, while some meals are rich in fats. Hence, these factors are projected to hamper the growth of frozen food in the coming period.

Frozen Ready Meals To Be The Biggest Segment In The Global Market In The Years To Come

The development of the frozen ready meals market is majorly boosted by the development of the market in the emerging areas such as Asia Pacific. The developed areas are having a moderately lower demand. The rising urbanization is the primary factor for the development in the area. The integration of healthy components in the ready food, the rise in requirement for the convenience food, the proper regulations, and the new packaging are also factors impacting the development of the market. The frozen pizza section is believed as one of the primary segments in the global market as they are believed as the most well-liked junk food.

The global frozen ready meals market is divided on the basis of distribution channel, type, and geography. Based on type, it is segmented into frozen pizza, vegetarian meals, beef meals, and chicken meals. Based on distribution channel, it is divided into online shops, independent retailers, supermarket, and others. Regionally, it is divided into Europe, North America, LAMEA, and Asia-Pacific.

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The global frozen ready meals market is segmented as follows:

By Type

  • Vegetarian Meals
  • Frozen Meals
  • Chicken Meals
  • Beef Meals

By Distribution Channel

  • Supermarket
  • Independent Retailers
  • Online Shop
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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Keywords:    Frozen Ready Meals Market