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.
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,
- 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,
- 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
- 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
- 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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nestlé
- Nissin Food Products Co. Ltd.
- Conagra Brands Inc.
- Dr. August Oetker Kg
- The Kraft Heinz Company
