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 a heightened focus on new product development in response to shifting consumer preferences, health trends, and the demand for convenience. Companies are introducing innovative offerings, such as Nestle's Vital Pursuit, a new frozen food line catering to individuals using weight-loss medications like Ozempic and Wegovy. This range includes protein pasta, sandwich melts, pizzas, and whole grain bowls, all priced affordably under USD5. Formulated to be high in protein and fiber, these meals provide essential nutrients and portion-controlled servings, making them an attractive option for health-conscious consumers.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
232 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.3% |
Market growth 2025-2029 |
USD 96.1 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.7 |
Key countries |
US, China, UK, Germany, Canada, France, Japan, India, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the Ready To Eat Food Market, key areas of focus include optimizing pasteurization and sterilization processes, validating sterilization methods, enhancing packaging film barriers for microbial load reduction, mapping sensory attributes and conducting instrumental texture analysis. Nutrient retention, food waste audits, logistic efficiency analysis, consumer segmentation, and shelf-stable product design are also crucial. Traceability of ingredients, automated quality checks, process control software, production yield analysis, and waste management systems are essential for operational efficiency. Energy consumption reduction, water usage efficiency, and supply chain transparency are vital for sustainability. Food safety training, process monitoring sensors, predictive modeling, risk assessment tools, and quality assurance checks ensure product safety and compliance. Packaging sustainability, ingredient cost optimization, and product development lifecycle management are key strategies for business growth.
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and extend shelf life through methods such as food safety protocols, modified atmosphere packaging, and high-pressure processing. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. Equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties, are excluded from this market. Factors driving market growth include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients including potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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Email: media@technavio.com
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