Ready to Eat (RTE) Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Ready to Eat (RTE) Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2572
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Market Overview:

The global ready to eat (RTE) food market is expected to exhibit a CAGR of 4.8% during 2022-2027. 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 on different end use industries. 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.

 

 
 

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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.

Key Market Segmentation:

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 2022-2027. Our report has categorized the market based on product type, packaging type and distribution channel.

Breakup by Product Type:

 

 
 

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  • Meat/Poultry Based
  • Cereal Based
  • Fruits/Vegetable Based
  • Others
     

Breakup by Packaging Type:

  • Canned
  • Frozen/Chilled
  • Retort
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Food Specialty Stores
  • Departmental Stores
  • Online Stores
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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$ 2499
Five User License: US$ 3499
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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Ready to Eat (RTE) Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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