Global Development of the Dinner RTE Foods Market by 2021 Mar-2017

Global Dinner RTE Foods Market 2017-2021
The Dinner RTE Foods market report contains a comprehensive market and vendor landscape in addition
to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global dinner RTE foods market: General Mills, ITC, Kraft Heinz, Nestlé, and Unilever. Other Prominent
Vendors in the market are Greencore Group, Hormel Foods, JBS, Sigma Alimentos, Smithfield Foods,
Findus, Schwan's Shared Services, and Tyson Foods.
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Market Trend
One trend in dinner RTE foods market is high demand for premium RTE food products. Premium RTE
foods promise extravagance in product quality, packaging, taste, color, freshness, vitamin content,
texture, taste, and shelf life. The consumers in the global RTE foods market are increasingly seeking
premium RTE foods that offer much more value than their traditional counterparts.
With growing concerns over health and wellness among consumers, the demand for premium real
meals is increasing. Consumers are seeking products that contain ingredients that are procured locally.
Locally procured ingredients are perceived to be healthier, since they go through fewer processing
cycles than other RTE foods. This trend is expected to become a significant factor in RTE foods
innovation in the long run, wherein more emphasis would be given to premium RTE foods.
Market Driver
According to the report, one driver in dinner RTE foods market is rise in number of working women and
rising number of single households. The increased number of working women globally has boosted the
consumers' demand for pureed baby foods.
In addition, rising urbanization and the growth of the middle-class population have significantly
encouraged consumers to adopt convenience-oriented lifestyles which, in turn, is making RTE foods a
desirable option. Vendors in the market are developing marketing and advertising strategies to increase
the use of RTE foods among the singles. The rising number of singles along with growing divorce rates
globally has led to an increase in the number of single households.
Market Challenge
Further, the report states that one challenge in dinner RTE foods market is fluctuating raw material
prices. Raw materials like the aluminum, plastic, and paper for packaging, have volatile prices based on
their availability. Also, the widening gap between demand and supply in recent years has increased the
costs of raw material substantially. Any increase in the price of raw materials such as plastic resins, not
only increases the manufacturing cost of packaging but also leads to reduced profit margins for vendors.