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The global ready to eat (RTE) food market reached a value of US$ 162 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Ready to eat (RTE) food products consist of various processed and packaged foods that can be consumed without any further preparation. The ingredients are washed, cooked, processed, frozen and packed in containers for direct consumption. Some of the common types of RTE foods include meat products, shelf-stable foods, powder mixes, baked goods, desserts, cheese and dairy products. These products are enriched with various extracts, acids, flavors, sweeteners, antioxidants and preservatives. They offer immense convenience to the consumer while assisting in reducing the meal preparation time and providing longer shelf-life of the products, cost-efficiency and minimal spoilage and wastage.
The growing food and beverage industry, along with rapid urbanization, is one of the key factors driving the growth of the market. Furthermore, the increasing working population and improving consumer lifestyles have enhanced the consumption of RTE food products across the globe. Owing to hectic schedules, there is widespread adoption of on-the-go convenience food products that require minimal time and ingredients to prepare. Additionally, the growing number of quick-service restaurants (QSRs) and the emerging café culture, coupled with the increasing consumer expenditure capacities, are driving the demand for RTE food products. Manufacturers are launching innovative flavored variants that are rich in functional ingredients to cater to the nutritional requirements, which is also contributing to their widespread preference among consumers. Other factors, including the development of the online retailing networks and aggressive promotional activities by the vendors, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ready to eat (RTE) food market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, packaging type and distribution channel.
Breakup by Product Type:
Breakup by Packaging Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 2 Sisters Food Group (Boparan Holdings), ADF Foods Ltd., Bakkavor Foods Ltd., Birds Eye Ltd., Findus Group Ltd., General Mills Inc., Greencore Group Plc., ITC Limited, McCain Foods, MTR Foods Pvt Ltd. (Orkla ASA), Nomad Foods Ltd., Premier Foods Group Ltd., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Packaging Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||2 Sisters Food Group (Boparan Holdings), ADF Foods Ltd., Bakkavor Foods Ltd., Birds Eye Ltd., Findus Group Ltd., General Mills Inc., Greencore Group Plc., ITC Limited, McCain Foods, MTR Foods Pvt Ltd. (Orkla ASA), Nomad Foods Ltd. and Premier Foods Group Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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