The food traditions of people are modified. As more and more people get into busy routines, they no longer enjoy long cooking hours. But we cannot depend on unhealthy fast-food culture for long, as it adversely impacts human health. Therefore, ready-to-cook food options are an ideal and nutritious choice for these fast foods.
Yes, whatever you call it, instant food mixes, ready-to-eat meals, or heat-and-serve food, they are, without a doubt, the most convenient food items available in the market. The growing awareness of comfort and customers’ busy lifestyles propel the ready meals market growth. With a huge population of young professionals, there is a high need for ready-to-cook meals.
Advantages of Ready Meals
Having read to cook meals in your kitchen for busy people and families has numerous benefits. Here are some of the important benefits of it:
- Convenient and stress-free
- Value for money
- Prevents food waste
- Healthy and fresh
- Affordable, tasty chef-prepared meals
The Industry’s Growth Factors
Food items that have been pre-cooked so they can be consumed without additional preparation are known as ready-to-eat meals. Consumers are becoming increasingly sensitive to the purity and quality of dietary goods. The ready meals market demand will certainly grow as new processed foods are introduced, including ready-to-eat, organic, and frozen products made with advanced technology.
Furthermore, many consumers find ready-to-eat meals appealing because they come in different flavors and aesthetics. The importance of these foods to human existence is growing everywhere in the world. Many crucial factors are projected to drive the expansion of the ready meals industry over the forecast period, including adopting organic prepared foods, introducing new types of ready foods, technological advancements, and developing a robust global distribution infrastructure.
The Frozen Sector Dominates the Market
With a sizable market share, the frozen sector will rule the market during the projection period. Increased urbanization, a rise in the need for quick meals, and inventive packaging all contribute to increased demand for the ready meals market. The category also gains from consumers’ rising need for comfort and convenience due to their busy schedules.
The Supermarkets and Hypermarkets Sector Holds a Significant Share
Due to the simple accessibility and availability of ready-to-eat meals, the supermarkets & hypermarkets sector now maintains a sizable share. It is anticipated to dominate over the projected period. Furthermore, category expansion is anticipated to be fueled by the expanding variety of products these channels supply.
Moreover, the online sector is anticipated to expand at the quickest rate over the projection period due to the quick uptake of smartphones across numerous economies and the rising discounts and variety that online retailers provide.
Regional Analysis of the Market
In 2021, North America led the ready meals market, which is anticipated to continue to do so during the anticipated period. Due to their portability and convenience, gluten-free product trends will likely grow, fueling regional demand. The sector is also being helped by changes in dietary preferences brought on by greater urbanization.
Additionally, because of the region’s rapidly growing urbanization in nations like India and China and its growing working population, Asia Pacific is expected to expand significantly over the predicted period. Furthermore, the region is anticipated to see profitable opportunities for industry growth due to increased disposable income and expanding living standards.
Final Words
The demand for customers’ busy schedules, convenience, and growing awareness of the benefits of a healthy diet drive the rapid market growth of ready meals. In fact, the global ready meals market was valued at USD 143.94 billion in 2021 and is expected to grow to USD 219.43 Billion at a CAGR of 5.0% during the forecast period of 2030.
“Healthy eating is a way of life, so it’s important to establish routines that are simple, realistically, and ultimately livable.” – Horace