Latest News- Frozen Ready Meals Market: Frozen entree is expected to lead the Product segment during 2025-2029
The Frozen Ready Meals Market is being driven by New product launches
The Frozen Ready Meals Market is expected to grow at a CAGR of 11% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 66.3 billion. In the dynamic and competitive frozen ready meals market, private-label products have emerged as a strategic priority for retailers. These branded offerings, which carry the retailer's name, have experienced significant growth. For instance, in 2024, private-label frozen food sales surged by 75%. Consumers increasingly prefer private brands due to their cost-effectiveness without sacrificing taste, variety, or quality. Retailers further bolster consumer loyalty by offering in-store promotions and discounts on their private-label frozen meals. Notably, e-commerce giants like Amazon and consumer value stores, such as CVS, have expanded their private-label frozen food offerings to boost their grocery businesses.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Frozen entree, Frozen pizza, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Frozen Ready Meals Market Research Report
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The Frozen Ready Meals Market caters to various consumer preferences with offerings including home delivery, healthy eating habits, personalized nutrition, and meal plans for food allergies. Brands focus on providing healthy snacks, balanced meals, and convenient options, all while reducing food waste with sustainable packaging. Ethical food sourcing, diet-friendly meals, and low-carb options are also prioritized. Plant-based protein, gluten-free, and soy-free meals are available, along with vegan, vegetarian, and nut-free options. Meal prep services, food subscription boxes, and microwaveable meals offer added convenience. Consumers can choose from a variety of healthy meal options, family-size meals, and meal kits, all while adhering to their healthy lifestyle and weight management goals. Brands like Stouffers provide a wide range of nutritious meals, including meat-free, dairy-free, and organic options, ensuring there's something for everyone.
The Frozen Ready Meals market is a significant segment of the global packaged foods and meals industry. Online grocery stores are key distributors of these individually portioned, convenient meals. Manufacturers, such as Conagra Brands with Lean Cuisine and Nestlé with their vegetarian offerings, prioritize food processing to eliminate microorganisms and extend shelf life, ensuring consumer safety and convenience. Smart tags provide nutrition information, catering to health-conscious consumers. Market growth is driven by the health benefits associated with minimally processed foods, including vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. This market does not include food processing equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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