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The Market of Cooked Food: Industry Reports & Statistics

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Global Ready-to-Eat Industry Analysis

The global ready-to-eat market (large segment of the packaged food industry) is expected to break the $81 billion mark by 2015, according to research from Global Industry Analysts. Market growth is fuelled by rising levels of disposable income, the adoption of western eating habits across the world, and the rising number of women in the workplace.

Ready meals are entirely pre-cooked meals sold at retail outlets that only require heating to be ready to eat. Cooked food is sometimes referred to as takeouts, fast food, takeouts, and carryouts. They can be composed of a wide range of ingredients including seafood, meat, fish, poultry, vegetables, and pasta, and fall into several categories including ethnic, traditional, vegetarian, and continental dishes.

Leading ready meals markets are approaching maturity phase after years of strong growth. Traditionally, microwaveable meals boasting convenience were in high demand. With evolving consumer lifestyle and eating habits, consumers are more responsive to ready meals marketed as healthy, using organic or natural ingredients. Ready meals companies are also responding to evolving demand by offering new products, for example children’s meals, which constitute a market segment recording strong growth.

Ready meal manufacturers are likely to incorporate sustainable packaging concerns and a preference for local sourcing of food in new product development, reports Business Insights.

Key Segments

The global microwaveable foods market is expected to exceed $90 billion by 2015, reports Global Industry Analysts. Market growth is fuelled by demand from consumers with increasingly busy lifestyles, looking for convenient eating options that require little cooking effort and time. Changing consumer food purchasing patterns and an expanding range of microwavable food products are also driving market growth. Other factors leading to market expansion include rising levels of disposable income, demand from young singles and a growing consumer base of nuclear families.

Regional Markets

US ready meal market performance remains strong due to technological innovation and increasingly hectic consumer lifestyles, with less and less time for cooking.

The EU also represents a huge market for ready meals, with both regions combining to dominate the global market. It currently has a near 40% stake in the global ready meals market in terms of value, according to research from MarketLine.

Developing nations such as South and Central America and Asia represent good potential markets with strong growth forecast, particularly in Asia-Pacific where the market is expected to record a yearly growth rate of almost 7% over the coming years.

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1-10 of 63 reports

Fish Supply in Singapore

  • October 2016
    4 pages
  • Fish  

    Ready-To-Eat  

    Food  

  • Singapore  

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Ready Meal Markets in Malaysia - Forecast

  • September 2016
    10 pages
  • Ready Meal  

  • Malaysia  

    Thailand  

    Asia  

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Salmon Supply in Singapore

  • August 2016
    3 pages
  • Salmon  

    Fish  

    Ready-To-Eat  

  • Singapore  

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Fish Statistics in Ireland

  • June 2016
    88 pages
  • Fish  

    Frozen Fish And...  

    Ready Meal  

  • Ireland  

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Salmon Supply in Singapore

  • February 2016
    3 pages
  • Salmon  

    Fish  

    Ready-To-Eat  

  • Singapore  

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Salmon Supply in Singapore

  • February 2016
    3 pages
  • Salmon  

    Fish  

    Ready-To-Eat  

  • Singapore  

View report >

Salmon Supply in Singapore

  • January 2016
    3 pages
  • Salmon  

    Fish  

    Ready-To-Eat  

  • Singapore  

View report >

Confectionery Industry in Ireland and the UK

  • January 2016
    5 pages
  • Confectionery  

    Snack Food  

    Ready Meal  

  • Ireland  

    United Kingdom  

    Europe  

View report >

Shrimp Markets in Australia and the US

  • January 2016
    6 pages
  • Shrimp  

    Food  

    Cooked Prawn  

  • Australia  

    United States  

View report >

Food Markets in Australia

  • January 2016
    5 pages
  • Shellfish  

    Shrimp  

    Cooked Crustace...  

  • Australia  

View report >

Search in Cooked Food Industry (63 reports)
Parent industry: Packaged Food
Related industries: Dried Food, Frozen Food, Canned Food, Chilled Food, Baby Food, Pet Food

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Global Ready Meals Market - Growth, Trends and Forecasts (2016 - 2021)

Global Ready Meals Market - Growth, Trends and Forecasts (2016 - 2021)

  • $ 4250
  • Industry report
  • October 2016
  • by Mordor Intelligence LLP

The global ready meals market, valued at USD 194.06 billion in 2016 is expected to grow at a CAGR of more than 13.6% during the forecast period. Nestle, one of the prominent vendors of ready meals, has ...

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