Global Industry Analysts, Inc., April 2010, Pages: 488
II-1
Current Scenario and Outlook II-1
Europe Leads GlobalReadyMeals Market II-1
Key Market Drivers II-1
Myriad Factors Affecting Demand for ConvenientFoods II-2
‘Convenience’, ‘Healthy
Business Insights, April 2010, Pages: 130
A readymeal is a type of conveniencefood that consists of a pre-packaged meal that needs little preparation. In 2009 the global market for readymeals was worth $71.6bn, with a projected CAGR of 3
Markets and Markets, Feb 2011, Pages: 257
. The frozen readymeals segment is expected to show major growth in the U.S. market at 4.1% CAGR.
Convenience is the major driving factor for the global frozen foods market. Unorganized sector comprising
Key Note Publications Ltd, Jan 2010, Pages: 98
-2008
MARKET POSITION
The UK
Table 1.6: Consumer Expenditure on Food and ReadyMeals at Current Prices (index 2005=100), 2005-2009
Figure 1.1: Consumer Expenditure on Food and ReadyMeals at Current Prices (index 2005
Key Note Publications Ltd, May 2008, Pages: 97
, Birds Eye, Northern Foods and Foodvest.
We forecast that value sales in the readymeals market will continue to rise to 2012. In part, this will be driven by inflation, as the retail market absorbs
just-food, June 2010, Pages: 51
a definitive figure for the global premium in-home dining market. This is mainly because of the low penetration of conveniencefoods such as readymeals in many less developed parts of the world (e
Euromonitor International, Nov 2011, Pages: 62
2011-2016
Table 13 Forecast Sales of ReadyMeals by Category: % Volume Growth 2011-2016
Table 14 Forecast Sales of ReadyMeals by Category: % Value Growth 2011-2016
Pioneer Food Group Ltd in Packaged
Key Note Publications Ltd, June 2011, Pages: 133
in the demand for conveniencefoods such as readymeals and pizzas. The recession has also allowed retailers to market such products as alternatives to meals out, as consumers seek to spend less. However
Global Industry Analysts, Inc., Jan 2011, Pages: 245
of ConvenienceFoods & Drinks 15
Growth in Precooked/ReadyMeals Propel Microwave Cooking 16
Magnetism of Microwave Ovens Spur Growth 17
Innovations Spruce Up the Market 18
5. ISSUES CONFRONTING THE INDUSTRY