The global market for Ready Meals estimated at US$181.8 Billion in the year 2020, is projected to reach a revised size of US$257.3 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.
Frozen & Chilled, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$130.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dried segment is readjusted to a revised 4.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $49.5 Billion, While China is Forecast to Grow at 8.8% CAGR
The Ready Meals market in the U.S. is estimated at US$49.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$55.3 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Canned Segment to Record 6.1% CAGR
In the global Canned segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$24.6 Billion in the year 2020 will reach a projected size of US$36.3 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$35.1 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.
Select Competitors (Total 47 Featured) -
Bakkavor Group Ltd.
Conagra Brands, Inc.
Fleury Michon
Greencore Group PLC
Kerry Group PLC
Nestle SA
Northern Foods (1991) Ltd.
Premier Foods PLC
What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
The "Global Influencer Marketing Platform Market: Analysis By Component, By Application, By Organization Size, By End Use, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2029" report has been added to ResearchAndMarkets.com's...
The "COVID-19 Vaccines - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
Global COVID-19 Vaccines Market to Reach 4.2 Billion Doses by 2025
The global market for COVID-19 Vaccines, estimated at 6.4 Billion...
As the final Intergovernmental Negotiating Body (INB) meeting of the World Health Organization (WHO) Pandemic Agreement approaches, the AIDS Healthcare Foundation and the AHF Global Public Health Institute are voicing significant concerns about the...
Vaccines Market in terms of revenue was estimated to be worth $78.0 billion in 2024 and is poised to reach $94.9 billion by 2029, growing at a CAGR of 4.0% from 2024 to 2029 according to a new report by MarketsandMarketstm. Similarly, the vaccines...
The "Global High-Altitude Aeronautical Platform Station (HAAPS) Market: Focus on Type, Frequency Band, Subsystem, Application, End User, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The...
The "Airport Robots Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The airport robots market has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.5 billion in 2024 at a compound...