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Prepared Meals Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • GlobalData
  • ID: 5691589
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The global prepared meals sector was valued at $107.2 billion in 2021 and is forecast to generate a CAGR of 6.0% during 2021-26 to reach $143.8 billion by 2026. The Asia-Pacific represented the largest region for the global prepared meals sector in 2021, with a value share of 33.5%, followed by Western Europe and the Americas, which accounted for shares of 31% and 27.8%, respectively. The Middle East & Africa is forecast to record the highest CAGR during 2021-26, at 33.4%. In 2021, the ready meals category held the highest value and volume shares of 73.8% and 76.7%, respectively. Meal kits is set to be the fastest-growing category during 2021-26, at a projected value CAGR of 14.5%. In the global prepared meals market, the top five companies accounted for a combined value share of 23% in 2021. Nestlé was the leading company, with a value share of 8.9%, followed by Nissin Food Products Co., Ltd. (5.1%), Conagra Brands, Inc. (3.7%), Dr. August Oetker Kg (2.8%), and The Kraft Heinz Company (2.4%).

Online ordering and food delivery has gained traction since the start of the COVID-19 crisis, during which many restaurants and other food outlets were forced to remain closed for months on end. This shift in consumption habits has boosted the popularity of ready-to-cook/-eat meals. These are particularly popular among single households and elderly consumers. Urbanization encourages the development of cold chains, which enable the swift supply of chilled/frozen packaged meals. This, in turn, drives demand for prepared meals.

This report brings together multiple data sources to provide a comprehensive overview of the global prepared meals sector. It includes analysis on the following:

  • Sector overview: Provides an overview of current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, the Middle East & Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, latest developments, and future challenges for each region.
  • Change in consumption: Provides a shift in the consumption of prepared meals during 2016-26 at global and regional levels.
  • High-potential countries: Provides risk-reward analysis of the top 10 high-potential countries in each region based on market assessment, economic development, governance indicators,
sociodemographic factors, and technological infrastructure.
  • Country and regional analysis: Provides deep-dive analysis of 10 high-potential countries covering value growth during 2021-26, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for the region.
  • Health & wellness analysis: Provides insights on health & wellness products in terms of value and percentage share in the overall prepared meals sector at a global and regional level during 2015-20. The analysis includes key health & wellness attributes and consumer benefits driving sales of prepared meals across the five regions in 2020. It also covers the market shares of leading companies offering prepared meals with health & wellness attributes.
  • Competitive landscape: Provides an overview of leading companies and brands at global and regional level, besides analyzing product profile, country-level presence, market share, and growth of private labels in each region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the global prepared meals sector in 2021. It covers hypermarkets & supermarkets, convenience stores,
e-retailers, food & drinks specialists, “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, department stores, drugstores & pharmacies, and others.
  • Preferred packaging formats*: The report provides percentage share (in 2021) and growth analysis (during 2016-26) for various packaging materials, types, closures, and outer types based on volume sales of prepared meals (in million pack units).

Scope

  • Provides an overview of current industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging.
  • The analysis also covers regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Reasons to Buy

  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.

Table of Contents

  • Executive Summary
  • Part 1: Sector Overview
  • Current Scenario and Future Outlook
  • Global Prepared Meals Sector Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • Regional Prepared Meals Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • Key Challenges in the Global Prepared Meals Sector
  • Part 2: Shift in Food Consumption Patterns
  • Change in Consumption Levels in the Overall Food Industry, 2016-26
  • Reasons for Shift in Consumption Patterns
  • Part 3: Identifying High-Potential Countries by Region
  • Analysis of 10 Countries on the Basis of Risk-Reward Analysis (Market Assessment, Economic Development,
  • Sociodemographic factors, Governance Indicators, and Technological Infrastructure)
  • Part 4: Country Deep-Dive Analysis
  • High-Potential Country Analysis
  • Future Outlook
  • Part 5: Health & Wellness Analysis - Global and Regional Level
  • Value Share Analysis of Health & Wellness Market
  • Health & Wellness Market Growth Analysis by Region
  • Key Product Attributes
  • Key Consumer Benefits
  • Leading Health & Wellness Companies by Category
  • Part 6: Competitive Landscape
  • Leading Companies by Value - Global
  • Leading Companies and Brands Share Analysis - Global
  • Leading Companies and Brands Share Analysis by Region
  • Part 7: Competitive Landscape - Market Analysis
  • Part 8: Market Share of Private Label
  • Private Label Share Analysis by Region
  • Private Label Share Analysis by Category
  • Part 9: Key Distribution Channels
  • Share of Key Distribution Channels - Global and Regional Level
  • Part 10: Key Packaging Formats
  • Growth Analysis by Key Pack Material and Pack Type
  • Growth Analysis by Closure Type and Primary Outer Type
  • Appendix
  • Definitions
  • About the Publisher
List of Tables
  • Key categories by value and volume, 2016-26 - Global
  • Key categories by value and volume, 2016-26 - Asia-Pacific
  • Key categories by value and volume, 2016-26 - Middle East & Africa
  • Key categories by value and volume, 2016-26 - Americas
  • Key categories by value and volume, 2016-26 - Western Europe
  • Key categories by value and volume, 2016-26 - Eastern Europe
  • Taiwan: Category share
  • Japan: Category share
  • Japan: Consumption by gender
  • Japan: Consumption by age group
  • Japan: Consumption by education
  • Japan: Consumption by degree of urbanization
  • Japan: Volume growth analysis of top 10 cities
  • South Korea: Category share
  • South Korea: Consumption by gender
  • South Korea: Consumption by age group
  • South Korea: Consumption by education
  • South Korea: Consumption by degree of urbanization
  • South Korea: Volume growth analysis of top seven cities
  • South Africa: Category share
  • South Africa: Consumption by gender
  • South Africa: Consumption by age group
  • South Africa: Consumption by education
  • South Africa: Consumption by degree of urbanization
  • South Africa: Volume growth analysis of top eight cities
  • Brazil: Category share
  • Brazil: Consumption by gender
  • Brazil: Consumption by age group
  • Brazil: Consumption by education
  • Brazil: Consumption by degree of urbanization
  • Brazil: Volume growth analysis of top nine cities
  • Canada: Category share
  • Canada: Consumption by gender
  • Canada: Consumption by age group
  • Canada: Consumption by education
  • Canada: Consumption by degree of urbanization
  • Canada: Volume growth analysis of top 10 cities
  • Spain: Category share
  • Spain: Consumption by gender
  • Spain: Consumption by age group
  • Spain: Consumption by education
  • Spain: Consumption by degree of urbanization
  • Spain: Volume growth analysis of top 10 cities
  • UK: Category share
  • UK: Consumption by gender
  • UK: Consumption by age group
  • UK: Consumption by education
  • UK: Consumption by degree of urbanization
  • UK: Volume growth analysis of top 10 cities
  • Czech Republic: Category share
  • Czech Republic: Consumption by gender
  • Czech Republic: Consumption by age group
  • Czech Republic: Consumption by education
  • Czech Republic: Consumption by degree of urbanization
  • Czech Republic: Volume growth analysis of top four cities
  • Poland: Category share
  • Poland: Consumption by gender
  • Poland: Consumption by age group
  • Poland: Consumption by education
  • Poland: Consumption by degree of urbanization
  • Poland: Volume growth analysis of top 10 cities
  • Contribution of each region to the growth of H&W market, 2015-20
  • Leading companies in the global prepared meals sector (% share), 2021
  • Key pack material volume share (%), 2021
  • Annual volume growth by pack material (%), 2016-26
  • Key pack type volume share (%), 2021
  • Annual volume growth by pack type (%), 2016-26
  • Key closure type volume share (%), 2021
  • Annual volume growth by closure type (%), 2016-26
  • Key primary outer volume share (%), 2021
  • Annual volume growth by primary outer (%), 2016-26
List of Figures
  • Change in consumption levels in the overall food industry, 2016-26
  • Change in consumption levels in the overall food industry - Asia-Pacific, 2016-26
  • Change in consumption levels in the overall food industry - Middle East & Africa, 2016-26
  • Change in consumption levels in the overall food industry - The Americas, 2016-26
  • Change in consumption levels in the overall food industry - Western Europe, 2016-26
  • Change in consumption levels in the overall food industry - Eastern Europe, 2016-26
  • Identifying high-potential countries, risk-reward analysis - Asia-Pacific
  • Identifying high-potential countries, risk-reward analysis - Middle East & Africa
  • Identifying high-potential countries, risk-reward analysis - The Americas
  • Identifying high-potential countries, risk-reward analysis - Western Europe
  • Identifying high-potential countries, risk-reward analysis - Eastern Europe
  • Japan: Volume analysis of 10 cities (%), 2016-21
  • South Korea: Volume analysis of seven cities (%), 2016-21
  • South Africa: Volume analysis of eight cities (%), 2016-21
  • South Africa: Volume analysis of top eight cities by category (%), 2021
  • Brazil: Volume analysis of nine cities (%), 2016-21
  • Brazil: Volume analysis of top nine cities by category (%), 2021
  • Canada: Volume analysis of top 10 cities (%), 2016-21
  • Canada: Volume analysis of top 10 cities by category (%), 2021
  • Spain: Volume analysis of top 10 cities (%), 2016-21
  • Spain: Volume analysis of top 10 cities by category (%), 2021
  • UK: Volume analysis of top 10 cities (%), 2016-21
  • UK: Volume analysis of top 10 cities by category (%), 2021
  • Czech Republic: Volume analysis of top four cities (%), 2016-21
  • Czech Republic: Volume analysis of top four cities by category (%), 2021
  • Poland: Volume analysis of top 10 cities (%), 2016-21
  • Poland: Volume analysis of top 10 cities by category (%), 2021
  • Health & wellness value and its share in overall sales, 2016-21
  • Health & wellness analysis - key product attributes by region, 2021
  • Health & wellness analysis - key consumer benefits by region, 2021
  • Leading health & wellness companies by category, 2020
  • Company and brand share analysis - Global
  • Company and brand share analysis - Asia-Pacific
  • Company and brand share analysis - Middle East & Africa
  • Company and brand share analysis - The Americas
  • Company and brand share analysis - Western Europe
  • Company and brand share analysis - Eastern Europe
  • Key brands - meal kits, 2021
  • Key brands - pizza, 2021
  • Key brands - ready meals, 2021
  • Private label value and share by region, 2016-21
  • Private label value sales ($ million) and share (%) by category, 2021
  • Leading distribution channels by region (% share by value), 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Nestlé
  • Nissin Food Products Co. Ltd.
  • Conagra Brands Inc.
  • Dr. August Oetker Kg
  • The Kraft Heinz Company