Global Beauty Device Market, Key Manufacturers, Opportunities 2025 GLOBAL READY-TO-EAT FOOD MARKET
Global Ready-To-Eat Food Market 2019 With Constraint, Outlook,
Analysis, Growth, Opportunities 2025
Ready to eat foods does not require any additional cooking or ingredients upon
opening and can be eaten instantly. RTE foods are packaged in an airtight sealed
packet and are made to last fresh for a long time in packed lunches, home meal
replacements and many more.
The demand of ready to eat food in market is anticipated to grow on account of
increasing working population, growing per capita disposable income, rising per capita
expenditure on conventional food, changing taste preferences of people and the change in
lifestyle among affluent consumers are driving the global market of ready to eat food over
the forecast years.
Growing urbanization in developing countries also adds in the rise of the disposable income,
which eventually increases the expenditure on easily available multi-flavored food thus,
creating a huge market for the manufacturer. Moreover, the busy lifestyle leads the urban
people to suffer from time crunch due to their busy work schedules which leads to the
increased dependence on ready to eat foods. Further, this is aided with the penetration and
availability of a wide variety of ready to eat products in different packaging formats at
various distribution channels. All these factors are indicating towards the bright future of
global ready to eat market in the coming years.
Global Ready to eat food market: Competitive Landscape
Major player competing in the global RTE market are Bakkavor Foods Ltd, Findus Group
Ltd., McCain Foods, Premier Northern Foods Ltd, ADF Foods Ltd., Nomad Foods Ltd.,
Greencore Group Plc., ConAgra Foods, Inc., 2 Sisters Food Group, and General Mills Inc.
are the major players in the global RTE food market, providing various products and flavors
of food. Product launches, mergers & acquisitions with smaller level players have been the
proven strategies for the growth of overall market.
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Meat & Poultry food market is projected to be the leading segment of the overall
market during the forecast period
Based on the Product type global RTE market is segmented into Meat & Poultry, Fruits &
Vegetables, Cereals, and others. Meat & Poultry segment has the lion share in overall
market owing to the development of basic infrastructure in various developing countries,
and easy availability of storage space and economical prices is expected to drive the
demand of meat and poultry prepared food across the globe. Moreover, the innovative idea
to present the meat and poultry product with vegetable coating added more nutritional
value thus, increases the demand in Ready to eat food market over the forecast period.
Frozen packed food segment is projected to be the fastest growing among other
packaged food during the forecast period
Based on the packaging type global RTE market is segmented into Frozen, Canned, Chilled,
and others. Frozen ready meals segment is likely to expand fastest over the forecast period
owing to its higher acceptance among the consumers. With the increase in the high rate of
consumption manufacturers also focused on providing low-cost affordable products. On the
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