Opportunities in the Global Prepared Meals Sector 2023

The global prepared meals sector was valued at $101.6 billion in 2022 and is projected to reach $154.7 billion in 2027, at a CAGR of 8.8%. The sector’s volumes reached 13.1 billion kg in 2022 and are forecast to register a CAGR of 5.2% over 2022-27. In 2022, ready meals was the largest category in terms of value and volume, with a shares of 72.7% and 76%, respectively. It was followed by pizza, with value and volume shares of 23.4% and 20.2%, respectively. The US, Japan, and China were the key markets, together accounting for 50.6% of regional values sales in 2022.

This report brings together multiple data sources to provide a comprehensive overview of the global prepared meals sector, analyzing data from 107 countries. It includes analysis of the following:

Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Change in consumption: Provides an overview of changes in the consumption of prepared meals over 2017-27, at global and regional levels.

High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators, socio-demographic factors, and technological infrastructure.

Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries, covering value growth during 2017-27, consumer demographics, city analysis, and key trends.

Competitive landscape: Provides an overview of the leading brands at a global and regional level. The section also analyzes the country-level presence, market share, and growth of private labels in each region.

Key distribution channels: Provides an analysis of the leading distribution channels in the global prepared meals sector in 2022. It covers hypermarkets & supermarkets, convenience stores, food & drinks specialists, cash & carries and warehouse clubs, and others, which includes e-retailers, “dollar stores”, variety stores & general merchandise retailers, department stores, drug stores & pharmacies, and other distribution channels.

Packaging analysis*: The report provides the percentage share (in 2022) and growth rate (during 2017-27) for various pack materials, pack types, closures, and primary outer types based on volume sales in the prepared meals sector.

Scope

• Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

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 prepared meals sector.
• 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.