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Microwavable Foods: Global Strategic Business Report

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    Report

  • 274 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338671

Global Microwavable Foods Market to Reach $204 Billion by 2030

The global market for Microwavable Foods estimated at US$140.6 Billion in the year 2022, is projected to reach a revised size of US$204 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Frozen Microwavable Foods, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$169.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chilled Microwavable Foods segment is readjusted to a revised 4.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $38.3 Billion, While China is Forecast to Grow at 8.7% CAGR

The Microwavable Foods market in the U.S. is estimated at US$38.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$46 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Select Competitors (Total 43 Featured) -

  • Ajinomoto Foods North America, Inc.
  • Bellisio Foods, Inc.
  • Birds Eye Group, Inc.
  • BRF S.A.
  • Campbell Soup Company
  • Conagra Brands, Inc.
  • Cremonini S.p.A.
  • Dawn Farm Foods Limited
  • General Mills, Inc.
  • Gunnar Dafgård AB
  • Hormel Foods Corporation
  • Itoham Foods, Inc.
  • Kellogg Company
  • Maple Leaf Foods Inc.
  • McCain Foods Limited
  • Nestlé S.A.
  • Pinnacle Foods, Inc.
  • Schwan`s Company
  • the Kraft Heinz Company

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Microwavable Foods: Meeting Ever-Changing Culinary Demands & Enabling Cooking Perfection in Few Hot Minutes
  • Recent Market Activity
  • Microwave Packaging Advancements Transform the Microwave Cooking Experience
  • Global Market Outlook
  • Microwavable Foods - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Ajinomoto Foods North America, Inc. (USA)
  • Bellisio Foods, Inc. (USA)
  • BRF S.A. (Brazil)
  • Campbell Soup Company (USA)
  • Conagra Brands, Inc. (USA)
  • Cremonini S.p.A. (Italy)
  • Dawn Farm Foods Limited (Ireland)
  • General Mills, Inc. (USA)
  • Gunnar Dafgård AB (Sweden)
  • Hormel Foods Corporation (USA)
  • Itoham Foods, Inc. (Japan)
  • Kellogg Company (USA)
  • Maple Leaf Foods Inc. (Canada)
  • McCain Foods Limited (Canada)
  • Nestlé S.A. (Switzerland)
  • Pinnacle Foods, Inc. (USA)
  • Birds Eye Group, Inc. (USA)
  • San Miguel Food and Beverage, Inc. (The Philippines)
  • Schwan's Company (USA)
  • The Kraft Heinz Company (USA)
3. MARKET TRENDS & DRIVERS
  • The Frozen Food Renaissance & the Ready Meals Revolution Drives Healthy Growth in Demand for Microwavable Foods
  • Food Processors Try to Eliminate Myths about Frozen Microwavable Foods
  • Frozen Ready Meals Lead the Pack
  • Value-Added Microwave Oven Blanched Frozen Fruits and Vegetables Gain Prominence
  • Growing Interest in Frozen Microwavable Seafood Meals Augur Well for the Market
  • The Millennials and their Preference for Cooking at Home Benefit Market Demand
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Shelf-Stable Microwavable Foods Witness Steady Growth in Demand
  • Innovations in Shelf-Stable Microwavable Foods Packaging to Spur Growth
  • Changing Landscape of Packaging for Shelf-Stable Foods
  • Convenience Factor Drive Adaptation of Popular Snack Foods to the Microwave
  • Microwavable Popcorn Feels the Heat with Growing Competition from RTE Popcorn
  • Growing Focus on Health and Wellness Drives Innovation in Microwavable Foods
  • MATS: Long Term Freshness of Prepared Meals without Refrigeration
  • Select Innovative Healthy Microwavable Meal Options
  • Packaged Foods Demand Patterns Focus on the "Microwavability" Factor
  • Microwavable Ethnic Cuisine: The Order of the Day
  • Healthy Eating Brings the Spotlight on Steam Cooked Vegetables
  • Revival of Interest in Microwave Ovens & Steady Launch of Technically Advanced Models Signal Opportunities
  • Whirlpool® Smart Front Control Range
  • Smart Microwave Cover
  • Tovala 'Smart Oven' to Cook Food Better
  • Microwave Oven with Radio Frequency Technology
  • Freescale's New Microwave Model Replace 50-Year-Old Technology
  • Microwave Ovens: Improved, Altered & Perfected to Meet Native Requirements
  • RF Microwave: A New Wave of Cooking?
  • Microwaving Bakery Products Unravel the Complications of a Longstanding Problem
  • Microwavable Food Packaging: Redefining Convenience and Simplifying Food Preparation
  • Convenience Packaging: The Precedent to Efficient Microwavable Packaging
  • Innovations in Microwavable Food Packaging Contribute to Market Growth
  • Favorable Demographic Trends Strengthen Market Prospects
  • Expanding Global Population
  • Shrinking Family Size
  • Burgeoning Middle Class Population
  • Rapid Urbanization
  • Rising Women Workforce
  • Aging Population
  • Kids Emerge as a Lucrative Demographic Target for Microwavable Foods
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Microwavable Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Frozen Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Frozen Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Frozen Microwavable Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Chilled Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Chilled Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Chilled Microwavable Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Shelf Stable Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Shelf Stable Microwavable Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Shelf Stable Microwavable Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Patterned Susceptors Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Patterned Susceptors Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Patterned Susceptors Technology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for New Tray-Lidding Methods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for New Tray-Lidding Methods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for New Tray-Lidding Methods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for New Cook Bag Technique by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for New Cook Bag Technique by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for New Cook Bag Technique by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Microwavable Foods Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Microwavable Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ajinomoto Foods North America, Inc.
  • Bellisio Foods, Inc.
  • Birds Eye Group, Inc.
  • BRF S.A.
  • Campbell Soup Company
  • Conagra Brands, Inc.
  • Cremonini S.p.A.
  • Dawn Farm Foods Limited
  • General Mills, Inc.
  • Gunnar Dafgård AB
  • Hormel Foods Corporation
  • Itoham Foods, Inc.
  • Kellogg Company
  • Maple Leaf Foods Inc.
  • McCain Foods Limited
  • Nestlé S.A.
  • Pinnacle Foods, Inc.
  • Schwan`s Company
  • the Kraft Heinz Company

Table Information