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

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)

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Ready to Eat (RTE) Food Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type 
    6.1    Meat/Poultry Based
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Cereal Based
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Fruit/Vegetable Based
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Packaging Type 
    7.1    Canned
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Frozen/Chilled
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Retort
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Food Specialty Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Departmental Stores
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Online Stores
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Indicators
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    2 Sisters Food Group (Boparan Holdings)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
        14.3.2    ADF Foods Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
        14.3.3    Bakkavor Foods Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
        14.3.4    Birds Eye Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5     Findus Group Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
        14.3.6    General Mills, Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Greencore Group Plc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    ITC Limited 
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    McCain Foods
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    MTR Foods Pvt Ltd. (Orkla ASA)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Nomad Foods Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials
        14.3.12    Premier Foods Group Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Ready to Eat Food Market: Major Drivers and Challenges
Figure 2: Global: Ready to Eat Food Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ready to Eat Food Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Ready to Eat Food Market: Breakup by Packaging Type (in %), 2021
Figure 5: Global: Ready to Eat Food Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Ready to Eat Food Market: Breakup by Region (in %), 2021
Figure 7: Global: Ready to Eat Food Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Ready to Eat Food (Meat/Poultry Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Ready to Eat Food (Meat/Poultry Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Ready to Eat Food (Cereal Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ready to Eat Food (Cereal Based) Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 12: Global: Ready to Eat Food (Fruits/Vegetable Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ready to Eat Food (Fruits/Vegetable Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ready to Eat Food (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ready to Eat Food (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ready to Eat Food (Canned) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ready to Eat Food (Canned) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ready to Eat Food (Frozen/Chilled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ready to Eat Food (Frozen/Chilled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ready to Eat Food (Retort) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ready to Eat Food (Retort) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ready to Eat Food (Other Packaging Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ready to Eat Food (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Ready to Eat Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Ready to Eat Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Ready to Eat Food (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Ready to Eat Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Ready to Eat Food (Food Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Ready to Eat Food (Food Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Ready to Eat Food (Departmental Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Ready to Eat Food (Departmental Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Ready to Eat Food (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Ready to Eat Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Ready to Eat Food (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Ready to Eat Food (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia Pacific: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia Pacific: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Ready to Eat Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Ready to Eat Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Ready to Eat Food Industry: SWOT Analysis
Figure 85: Global: Ready to Eat Food Industry: Value Chain Analysis
Figure 86: Global: Ready to Eat Food Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Ready to Eat Food Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ready to Eat Food Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Ready to Eat Food Market Forecast: Breakup by Packaging Type (in Million US$), 2022-2027
Table 4: Global: Ready to Eat Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Ready to Eat Food Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ready to Eat Food Market: Competitive Structure
Table 7: Global: Ready to Eat Food Market: Key Players


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Key Questions Answered in This Report

We expect the global ready to eat (RTE) food market to exhibit a CAGR of 4.8% during 2022-2027.

The growing number of Quick-Service Restaurants (QSRs), the emerging café culture, and the rising adoption of on-the-go convenience food products that require minimal time and ingredients to prepare, are primarily driving the global ready to eat (RTE) food market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of Ready-to-Eat (RTE) foods. 

Based on the product type, the global ready to eat (RTE) food market can be categorized into meat/poultry based, cereal based, fruit/vegetable based, and others. Currently, meat/poultry based accounts for the majority of the total market share.

Based on the packaging type, the global ready to eat (RTE) food market has been segregated into canned, frozen/chilled, retort, and others. Among these, frozen/chilled currently holds the largest market share.

Based on the distribution channel, the global ready to eat (RTE) food market can be bifurcated into supermarkets and hypermarkets, convenience stores, food specialty stores, departmental stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.

 

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global ready to eat (RTE) food market include 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.

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