The rapid growth of the global frozen ready meals market can be attributed to the rising number of individuals with busy lifestyles. As people adopt more hectic schedules, they are looking for convenient meal solutions that require minimal time and effort. The market is further fueled by the growing awareness and adoption of healthier eating habits, with consumers seeking balanced nutritional options. Frozen ready meals offer a convenient way to maintain a nutritious diet while saving time, making them increasingly popular among time-strapped consumers.
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Data Bridge Market Research analyses that the Frozen Ready Meals Market is expected to reach USD 3,82,731.87 million by 2029 from USD 2,51,184.96 million in 2021, growing with a CAGR of 5.4% in the forecast period of 2022 to 2029. The fast-paced and busy lifestyles of consumers are a significant driver for the frozen ready meals market. With limited time for meal preparation, consumers are opting for convenient and time-saving meal options, making frozen ready meals an attractive choice.
Key Findings of the Study
Increasing product innovations is expected to drive the market's growth rate
Manufacturers in the frozen ready meals market are actively focusing on product innovation to cater to the evolving needs and preferences of consumers. They are introducing a wide variety of frozen meal options that offer diverse flavors, accommodate various dietary preferences (such as vegetarian, vegan, and gluten-free), and incorporate healthier ingredients. These innovations not only provide convenience but also address the growing demand for nutritious and delicious frozen meal solutions, driving the expansion of the market and attracting a broader consumer base.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Frozen Rice Mixes, Frozen Quinoa Food Mixes, Frozen Pizza, Frozen Pasta, Frozen Wraps and Rolls, Frozen Snacks, Frozen Ice Cream, Frozen Yogurt, Frozen Cakes, Frozen Sorbet And Sherbet, Frozen Custard, Frozen Drinks, Frozen Savory Products And Frozen Soup, Frozen Dairy Products, Frozen Chicken Products, Frozen Seafood Products, And Others), Category(Organic And Conventional) Technology (Flash-Freezing/ Individual Quick Freezing (IQF), Belt Freezing, High Pressure-Assisted Freezing, And Others), End User (Food Service Sector And Households), Packaging Technique (Freezing Technique And Equipment And Freezing Ready Meals Packaging And Distribution Channel (Store-Based And Non-Store Retailers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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McCain Foods Limited (Canada), Kraft Foods (U.S.), Kellogg's Company (U.S.), Tyson Foods, Inc. (U.S.), Nomad Foods (U.K.), Grupo Virto (Spain), Ajinomoto Co., Inc. (Japan), Gulf West Company (U.A.E), Sidco Foods Trading L.L.C. (U.A.E), Al Kabeer Group ME (U.A.E), JBS Foods (Brazil), Mosaic Foods (U.S.), AdvancePierre (U.S.), Wawona (U.S.), Nestlé (Switzerland), General Mills Inc. (U.S.), Conagra Brands, Inc. (U.S.), Amy's Kitchen, Inc. (U.S.), Safco International Gen. Trading Co. L.L.C. (U.A.E), Hakan Agro DMCC (U.A.E), Dr. Oetker (Germany), Schwan's Home Delivery (U.S.), BRF Global (Brazil) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The frozen ready meals market is segmented on the basis of type, category, technology, end user, packaging technique, and distribution channel.
- On the basis of type, the global frozen ready meals market is segmented into frozen rice mixes, frozen quinoa food mixes, frozen pizza, frozen pasta, frozen wraps and rolls, frozen snacks, frozen ice cream, frozen yogurt, frozen cakes, frozen sorbet and sherbet, frozen custard, frozen drinks, frozen savory products and frozen soup, frozen dairy products, frozen chicken products, frozen seafood products, and others. In 2022, the frozen snacks segment is expected to dominate the market with a CAGR of 6.1% in the forecast period of 2022 to 2029 due to convenience, versatility, and a wide variety of options, making them popular among consumers of all ages
In 2022, the frozen snacks segment is expected to dominate the type segment of the market
In 2022, the frozen snacks segment is expected to dominate the market owing to its convenience, wide variety, and increasing demand for on-the-go snacking options. They offer easy preparation, longer shelf life, and cater to diverse taste preferences, making them popular among busy consumers with a CAGR of 6.1% in the forecast period of 2022 to 2029
- On the basis of category, the global frozen ready meals market is segmented into organic and conventional. In 2022, the organic segment is expected to dominate the market with a CAGR of 5.3% in the forecast period of 2022 to 2029 due to the growing consumer demand for sustainable and healthier food options. The use of natural pesticides, fertilizers, and genetically modified organisms (GMOs) in the production of organic frozen ready meals appeals to health-conscious consumers.
- On the basis of technology, the global frozen ready meals market is segmented into flash-freezing/ individual quick freezing (IQF), belt freezing, high pressure-assisted freezing, and others. In 2022, the flash-freezing/ individual quick freezing (IQF) segment is expected to dominate the market with a CAGR of 6.0% in the forecast period of 2022 to 2029 due to the rapid freezing of individual food items, preserving their texture, flavor, and nutritional value, making it the preferred method for frozen ready meals production.
- On the basis of end user, the global frozen ready meals market is segmented into the food service sector and households. In 2022, the Household/Retail Sector segment is expected to dominate the market with a CAGR of 5.0% in the forecast period of 2022 to 2029 due to the convenience and time-saving benefits of frozen ready meals, making them popular among busy individuals and families seeking quick and easy meal solutions at home.
- On the basis of packaging technique, the global frozen ready meals market is segmented into freezing technique and equipment and freezing ready meals packaging. In 2022, the freezing technique segment is expected to dominate the market with a CAGR of 4.8% in the forecast period of 2022 to 2029 due to the quality, taste, and texture of the ready meals during storage and transportation. Proper freezing techniques and equipment ensure the preservation of nutritional value and overall product integrity.
In 2022, the freezing technique segment is expected to dominate the packaging technique of the frozen ready meals market
In 2022, the functional food segment is expected to dominate the market owing to the equipment, and freezing procedure is essential for preserving the ready meals' quality, flavor, and texture during storage and transportation. The preservation of nutritional value and the integrity of the final product is guaranteed by appropriate freezing procedures and tools with a CAGR of 4.8% in the forecast period of 2022 to 2029
- On the basis of distribution channel, the global frozen ready meals market is segmented into store-based and non-store retailers. In 2022, the store-based segment is expected to dominate the market with a CAGR of 5.2% in the forecast period of 2022 to 2029 due to the convenience of purchasing frozen ready meals from supermarkets, hypermarkets, and convenience stores, where they have a wide range of options and can physically examine the products before making a purchase decision.
Major Players
Data Bridge Market Research recognizes the following companies as the major frozen ready meals market players in frozen ready meals market are McCain Foods Limited (Canada), Kraft Foods (U.S.), Kellogg's Company (U.S.), Tyson Foods, Inc. (U.S.), Nomad Foods (U.K.), Grupo Virto (Spain), Ajinomoto Co., Inc. (Japan), Gulf West Company (U.A.E), Sidco Foods Trading L.L.C. (U.A.E), Al Kabeer Group ME (U.A.E)
Market Development
- In 2022, Open innovation portal established by Nomad Foods invites partners to share creative solutions. The company's ability to scale up its production of frozen mussels and other bivalve products was aided by the launch of the new portal.
- In 2022, Mosaic Foods announced to open Frozen-Food only retail store in New York City. The store will offer only vegan and vegetarian meals for the customers. The company aims to expand its offline presence
- In 2020, In the Globalan Foodservice sector, which includes eateries, cafeterias, and caterers, Tyson Foods launched a new line of chicken products under the Tyson brand. This aided the business in raising its food service sector revenue.
Regional Analysis
Geographically, the countries covered in the frozen ready meals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Europe is the dominant region in the frozen ready meals market during the forecast period 2022-2029
Europe's dominance in the global frozen ready meals market can be attributed to several factors. The region's well-established food service industry, coupled with the growing industrialization of the sector, has contributed to the increased demand for frozen-ready meals. Additionally, the region's economic growth has led to changing lifestyles and an increased preference for convenience and ready-to-eat food options. These factors, combined with the rising demand for time-saving solutions, are driving the growth of the frozen ready meals market in Europe.
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