Ready Meals in the US

  • ID: 594069
  • Report
  • Region: United States
  • 49 pages
  • Euromonitor International
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Stagnation and declining growth, hallmarks of the performance of ready meals in recent years, continued to define the category in 2017. Most categories within ready meals experienced sales struggles at similar rates as over the review period or worse. The struggles for growth within ready meals are a strong reflection of large and long-term shifts underway among American consumers that include changing tastes, evolving health concerns and shifting dining habits.

The Ready Meals in USA report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2012-2016, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2021 illustrate how the market is set to change.

Product coverage: Chilled Lunch Kits, Chilled Pizza, Chilled Ready Meals, Dinner Mixes, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, Prepared Salads, Shelf Stable Ready Meals.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Ready Meals market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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READY MEALS IN THE US

List of Contents and Tables
  • Headlines
  • Trends
  • Competitive Landscape
  • Prospects
  • Category Data
  • Table 1 Sales of Ready Meals by Category: Volume 2012-2017
  • Table 2 Sales of Ready Meals by Category: Value 2012-2017
  • Table 3 Sales of Ready Meals by Category: % Volume Growth 2012-2017
  • Table 4 Sales of Ready Meals by Category: % Value Growth 2012-2017
  • Table 5 Sales of Chilled Ready Meals by Ethnicity: % Value 2012-2017
  • Table 6 Sales of Frozen Ready Meals by Ethnicity: % Value 2012-2017
  • Table 7 NBO Company Shares of Ready Meals: % Value 2013-2017
  • Table 8 LBN Brand Shares of Ready Meals: % Value 2014-2017
  • Table 9 Distribution of Ready Meals by Format: % Value 2012-2017
  • Table 10 Forecast Sales of Ready Meals by Category: Volume 2017-2022
  • Table 11 Forecast Sales of Ready Meals by Category: Value 2017-2022
  • Table 12 Forecast Sales of Ready Meals by Category: % Volume Growth 2017-2022
  • Table 13 Forecast Sales of Ready Meals by Category: % Value Growth 2017-2022
  • Conagra Foods Inc in Packaged Food (usa)
  • Strategic Direction
  • Key Facts
  • Summary 1 ConAgra Foods Inc: Key Facts
  • Summary 2 ConAgra Foods Inc: Operational Indicators
  • Competitive Positioning
  • Summary 3 ConAgra Foods Inc: Competitive Position 2017
  • General Mills Inc in Packaged Food (usa)
  • Strategic Direction
  • Key Facts
  • Summary 4 General Mills Inc: Key Facts
  • Summary 5 General Mills Inc: Operational Indicators
  • Competitive Positioning
  • Summary 6 General Mills Inc: Competitive Position 2017
  • Hormel Foods Corp in Packaged Food (usa)
  • Strategic Direction
  • Key Facts
  • Summary 7 Hormel Foods Corp: Key Facts
  • Summary 8 Hormel Foods Corp: Operational Indicators
  • Competitive Positioning
  • Summary 9 Hormel Foods Corp: Competitive Position 2017
  • Kraft Heinz Co in Packaged Food (usa)
  • Strategic Direction
  • Key Facts
  • Summary 10 Kraft Heinz Co: Key Facts
  • Summary 11 Kraft Heinz Co: Operational Indicators
  • Competitive Positioning
  • Summary 12 Kraft Heinz Co: Competitive Position 2017
  • Executive Summary
  • Packaged Food Faces New Challenges
  • Trade Agreements Top of Mind As Political Climate Creates Uncertainty
  • Slow Growth Spurs Merger and Acquisition Activity
  • E-commerce Explodes As Consumers Prioritise Convenience
  • Despite Obstacles To Growth, Opportunities Still Remain
  • Key Trends and Developments
  • Shifting Political and Trade Policies Fuel Economic Uncertainty
  • Convenience Trends Impacting Demand
  • Merger and Acquisition Activity Intensifies Amidst Challenges
  • Product Reformulations Increasingly Seen As Avenues for Growth
  • Foodservice: Key Trends and Developments
  • Headlines
  • Trends: Sales To Foodservice
  • Trends: Consumer Foodservice
  • Prospects
  • Category Data
  • Table 14 Foodservice Sales of Packaged Food by Category: Volume 2012-2017
  • Table 15 Foodservice Sales of Packaged Food by Category: % Volume Growth 2012-2017
  • Table 16 Forecast Foodservice Sales of Packaged Food by Category: Volume 2017-2022
  • Table 17 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2017-2022
  • Market Data
  • Table 18 Sales of Packaged Food by Category: Volume 2012-2017
  • Table 19 Sales of Packaged Food by Category: Value 2012-2017
  • Table 20 Sales of Packaged Food by Category: % Volume Growth 2012-2017
  • Table 21 Sales of Packaged Food by Category: % Value Growth 2012-2017
  • Table 22 GBO Company Shares of Packaged Food: % Value 2013-2017
  • Table 23 NBO Company Shares of Packaged Food: % Value 2013-2017
  • Table 24 LBN Brand Shares of Packaged Food: % Value 2014-2017
  • Table 25 Penetration of Private Label by Category: % Value 2012-2017
  • Table 26 Distribution of Packaged Food by Format: % Value 2012-2017
  • Table 27 Distribution of Packaged Food by Format and Category: % Value 2017
  • Table 28 Forecast Sales of Packaged Food by Category: Volume 2017-2022
  • Table 29 Forecast Sales of Packaged Food by Category: Value 2017-2022
  • Table 30 Forecast Sales of Packaged Food by Category: % Volume Growth 2017-2022
  • Table 31 Forecast Sales of Packaged Food by Category: % Value Growth 2017-2022
  • Sources
  • Summary 13 Research Sources
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Trends:

The stagnating and declining value and volume growth in ready meals is a strong reflection of the changing tastes of American consumers, as well as their changing dining habits. As the economy continues to recover from the 2009 recession, consumers are increasingly eating out at restaurants. When Americans seek to avoid cooking, therefore, they are considerably less likely to select something they can heat in their microwaves, instead opting to order delivered meals or dine out at restaurants. Moreover, Americans are increasingly seeking fresh and healthy options in the food they consume, deterring them from many ready meal products that contain high levels of artificial ingredients or which do not provide significant nutritional benefits. At the same time, however, consumers, particularly busy young professionals, are displaying strong preferences for quick and convenient meals. As a result of consumers’ increased desires for nutritious and convenient meals, there are certain ready meal products which have experienced growth amidst the category’s greater stagnation, particularly those that incorporate fresh produce or offer qualities, such as organic and gluten-free certification.

Competitive Landscape

Driven primarily by the sizes of its Stouffer’s brand of frozen ready meals and its DiGiorno brand of frozen pizza, Nestlé continued to lead ready meals in 2016 through 2% current value sales growth, maintaining its 18% current value share of the category. The company’s Stouffer’s brand accounted for value sales of USD2.5 billion and a 10% value share of ready meals, growing by 4% in current value terms in 2016 to maintain its position as the leading brand within ready meals. While DiGiorno experienced a 1% value decline in 2016 terms, the brand maintained its leading position within frozen pizza with a 29% value share. At the same time, Nestlé’s Tombstone and California Pizza Kitchen brands were two of the only frozen pizza brands to experience positive growth in 2016, growing by 4% and 3% in current value terms, respectively. The top five producers of ready meals in 2015 maintained their respective rankings in 2016, with Kraft Heinz trailing Nestlé, followed by ConAgra Foods, Chiquita Brands and Schwan Food.

Prospects

Ready meals is predicted to perform better over the forecast period than it did over the review period, posting a value CAGR of 1% at constant 2016 prices compared to a contracting CAGR of 1% over 2011-2016. Prepared salads and chilled lunch kits will continue to drive the category’s growth, with both expected to record value CAGRs of 2% at constant 2016 prices. Chilled ready meals is also expected to perform quite well, rebounding from its 1% value CAGR decline over the review period to register a positive value CAGR of 3% at constant 2016 prices.

Overview:

Discover the latest market trends and uncover sources of future market growth for the Ready meals industry in USA with research from a team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Ready meals industry in USA, this research will save you time and money while empowering you to make informed, profitable decisions.

The Ready meals in USA market research report includes:
  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
  • What is the market size of Ready meals in USA?
  • What are the major brands in USA?
  • Will retail sales suffer as economic prospects improve and consumers move back to eating out rather than eating at home?
  • How are manufacturers leveraging popular restaurant chains to help more austere consumers recreate a restaurant experience at home?
  • How much are consumers willing to pay for convenience?
Why buy this report?
  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions
This industry report originates from Passport, our Packaged Food market research database.
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