Latest News- Ready To Eat Food Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Ready To Eat Food Market is being driven by Busy lifestyles and urbanization

The Ready To Eat Food Market is expected to grow at a CAGR of 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 96.1 billion. The global ready-to-eat food market is experiencing significant growth, driven by an increased focus on new product development. Manufacturers are addressing evolving consumer preferences, health trends, and the demand for convenience. In May 2024, Nestle introduced Vital Pursuit, a new line of frozen meals catering to individuals utilizing weight-loss medications like Ozempic and Wegovy. This range includes protein pasta, sandwich melts, pizzas, and whole grain bowls, all priced affordably under USD5. These meals are formulated to provide high protein and fiber content, essential nutrients, and portion-controlled servings. This innovative offering underscores the industry's commitment to catering to diverse consumer needs and lifestyle choices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Frozen
  • Ready-to-heat
  • Ready-to-cook
• End-user
  • Households
  • Food Services Industry
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • 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: 

• Busy lifestyles and urbanization
• Rising disposable income
• Expansion of e-commerce and retail channels

However, the market also witnesses some limitations, which are as follows:

• Health concerns
• Regulatory compliance
• Shelf-life limitations

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Market Scope in Ready To Eat Food Market Research Report

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Research Analysis Overview

The Ready To Eat Food Market is revolutionizing the food industry through advanced technologies such as food technology, artificial intelligence, and machine learning. Big data analytics is used for personalized nutrition, meal planning, and recipe development, reducing food waste and ensuring food traceability. Sustainable practices like renewable energy, clean label, and sustainable packaging are prioritized. Consumer insights and market research drive supply chain management, retail strategy, e-commerce platforms, and mobile ordering. Subscription models, loyalty programs, and customer relationship management are enhanced through data-driven decision making and target marketing. Brand building and product differentiation are key benefits of these technological advancements.

Market Research Overview

The ready-to-eat food market encompasses vendors engaged in the production and processing of meal kits, frozen meals, and prepared meals. This sector falls under the broader category of the global packaged foods and meats market, which is estimated based on the consolidated revenue of participating manufacturers. Technavio's market analysis excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors fueling the expansion of the packaged foods and meats market include the health advantages linked to minimally processed foods. Minimally processed foods, such as vegetables, offer essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C, making them an attractive choice for health-conscious consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/