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Ready Meals in the US

  • ID: 594069
  • Report
  • Region: United States
  • 25 pages
  • Euromonitor International
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Due to the growing health and wellness trend, the desire to carefully select food and drink to improve overall health, has resulted in Americans increasingly shunning foods high in sugar, artificial ingredients and are heavily processed. This resulted in many frozen foods being ignored on retailers’ shelves.

The publisher's 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 2013-2017, 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 2022 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.
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READY MEALS IN THE US

Headlines
Prospects
Continued Innovation Sets the Stage for Sustained Frozen Turnaround
Consumers Continue To Turn Away From Chilled Pizza
Chilled Lunch Kits Poised To Continue Capitalising on Consumer Desire for Portability and Convenience
Competitive Landscape
Mergers and Acquisitions Materialise As A Stagnant Frozen Aisle Recovers
Success of Frozen Snacks and Appetisers Leads To New Entrants
Ready Meals Players See Meatless As New Frontier for Growth
Category Data
Table 1 Sales of Ready Meals by Category: Volume 2013-2018
Table 2 Sales of Ready Meals by Category: Value 2013-2018
Table 3 Sales of Ready Meals by Category: % Volume Growth 2013-2018
Table 4 Sales of Ready Meals by Category: % Value Growth 2013-2018
Table 5 Sales of Chilled Ready Meals by Ethnicity: % Value 2013-2018
Table 6 Sales of Frozen Ready Meals by Ethnicity: % Value 2013-2018
Table 7 NBO Company Shares of Ready Meals: % Value 2014-2018
Table 8 LBN Brand Shares of Ready Meals: % Value 2015-2018
Table 9 Distribution of Ready Meals by Format: % Value 2013-2018
Table 10 Forecast Sales of Ready Meals by Category: Volume 2018-2023
Table 11 Forecast Sales of Ready Meals by Category: Value 2018-2023
Table 12 Forecast Sales of Ready Meals by Category: % Volume Growth 2018-2023
Table 13 Forecast Sales of Ready Meals by Category: % Value Growth 2018-2023
Executive Summary
Innovation Emerges As Key To Growth in An Increasingly Competitive Market
Revamping of Traditional Concepts of Packaged Food Products
Mergers and Acquisitions Continue To Provide Opportunities for Growth
Online Grocery Retailing Slated for Aggressive Expansion
Further Consolidation and Innovation Expected
Foodservice
Sales To Foodservice
Consumer Foodservice
Category Data
Table 14 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 15 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 16 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 17 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023
Market Data
Table 18 Sales of Packaged Food by Category: Volume 2013-2018
Table 19 Sales of Packaged Food by Category: Value 2013-2018
Table 20 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 21 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 22 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 23 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 24 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 25 Penetration of Private Label by Category: % Value 2013-2018
Table 26 Distribution of Packaged Food by Format: % Value 2013-2018
Table 27 Distribution of Packaged Food by Format and Category: % Value 2018
Table 28 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 29 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 30 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 31 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023
Sources
Summary 1 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.
Note: Product cover images may vary from those shown
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