Global Ready - to - Eat Food Market - Growth, Trends, and Forecasts 2017 - 2022

  • ID: 4387615
  • Report
  • Region: Global
  • 173 pages
  • Mordor Intelligence
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Market Insights

The ready-to-eat food products do not require elaborate processing before consumption and save the time and energy of consumers. Currently, ready-to-eat food is the largest segment in the overall conventional and non-conventional food industry. This segment is growing at a fast pace as a result of the high consumer acceptance for such food globally. The global ready-to-eat food market is expected to grow at a 21.5% CAGR during the forecast period 2016-2021.

Market Dynamics

The improving consumer lifestyle, rapid urbanization, high disposable income, and changes in demographics are the key drivers of the ready-to-eat food market. The changing food consumption behavior of consumers, increased willingness to spend on such food and the lack of time to cook at home are a result of the rapid urbanization. Urbanization also helps in increasing the disposable income, which increases the food expenditure of the final consumer. The rising health consciousness among the consumers and government regulations regarding the procurement of raw materials like vegetables, meat, etc. are restraining the growth of the ready-to-eat food market to some extent. Innovative product offerings in functional ingredients, convenience, and organic foods are expected provide a future growth opportunity in the sector.

Market Segmentation

The ready-to-eat food market can be segmented by process types into canned, frozen, chilled and other ready-to-eat food. By the product type, the market is segmented into meat, vegetable, cereals and others food products. Based on distributional channels, the market is segmented into hypermarkets, supermarkets, convenience stores, departmental stores, specialty stores, and online purchases.

Regional Analysis

Currently, North America holds the largest consumer base for ready-to-eat-food. The US is the largest market in North America due to technological innovations, busy lifestyles, and high disposable incomes. The European region also represents a large market for ready-to-eat food. The developing regions of South America and Asia-Pacific are also strong markets. Asia-Pacific, led by countries like China and India, is growing at a fast pace due to the rapid urbanization and changing demographics and consumer eating habits in the region.

Competitive Environment

The competition in the global ready-to-eat food market is reported to be huge mostly in the US and the EU, which are almost saturated markets. These regions have a large number of snack food manufacturing companies serving the limited population. The high growth opportunity in the developing regions of China and India is attracting the majority of the big players to this market. The booming food sector, multiple food outlets, the popularity of international brands and distinctive distribution channels adopted by players are expected to help the market grow at a continuous pace. Product launches and mergers & acquisitions with smaller level players have been the proven strategies for market growth here.

Some major players in the ready-to-eat food market are-

Key Deliverables:

Market analysis for the ready-to-eat food market, with region-specific assessments and competition analysis on the global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the ready-to-eat food market on the global and regional level.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and to also identify the regions that are still untapped.

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1. Introduction
1.1 Scope of the Report
1.2 Regional Analysis
1.2.1 PESTLE Analysis
1.2.2 Analysis of Ease of Doing Business
2. Market Dynamics
2.1 Drivers
2.2 Restraints
2.3 Opportunities
3. Market Demand Analysis
3.1 Socio-Economic Segmentation
3.2 Demographic Strengths & Weaknesses
3.3 Spending Patterns
3.4 Target Market Identification
4. Market Size of Ready to eat food Industry by Type (USD millions)
4.1 Meat Food
4.2 Fruits & Vegetable Food
4.3 Cereals Food
4.4 Others
5. Market Entry
5.1 Market Entry: The Strategy
5.1.1 Types of Entry Modes, by Market Entry Objectives
5.1.2 Competition Analysis Market Share Strategies Adopted, Recent Events
5.1.3 Pricing Strategy
5.1.4 Supply Chain Analysis Trade (Import-Export Analysis) Distribution Network & Retail Analysis
5.2 Market Entry: The Administration
5.2.1 How to Register a Company (Flowchart)
5.2.2 Registration Processes Ministries Involved Criteria and Conditions
5.2.3 List of Forms & Documents
5.2.4 Product Control Guidelines specified by the Government
6. Sources
7. Disclaimer
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Note: Product cover images may vary from those shown