Global Frozen Ready Meals Market, By Type (Frozen Rice Mixes, Frozen Quinoa Food Mixes, Frozen Pizza, Frozen Pasta, Frozen Wraps & 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) - Industry Trends and Forecast to 2029.
Frozen Ready Meals Market Analysis and Insights
Global frozen ready meals market is growing faster, owing to the busy lifestyles of consumers. The growing number of individuals altering their eating habits and embracing a balanced nutritional diet and active lifestyle is a major element driving the growth of the frozen-ready meals industry. People worldwide have hectic lifestyles and thus prefer ready meals to save energy and time, which benefits the market's growth. However, high prices of frozen ready meals may hamper the market's growth.
Various companies are making strategic decisions, such as launching innovative frozen-ready meal foods and acquiring other companies to improve their market share. As a result, the global frozen-ready meals market is growing rapidly. The rising consumption of frozen chicken, beef, and seafood will open new opportunities for the global market. In contrast, competition among market players may challenge the market's growth.
Data Bridge Market Research analyses that the Global frozen ready meals market will grow at a CAGR of 5.4% during the forecast period of 2022 to 2029.
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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 2019- 2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Frozen Rice Mixes, Frozen Quinoa Food Mixes, Frozen Pizza, Frozen Pasta, Frozen Wraps & 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, Mexico, Germany, U.K., France, Italy, Spain, Sweden, Belgium, Netherlands, Denmark, Switzerland, Russia, Poland, Turkey, Rest of Europe, Japan, Indonesia, China, Philippines, India, South Korea, Australia, Thailand, Malaysia, New Zealand, Vietnam, Singapore, Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, UAE, Saudi Arabia, South Africa, Kuwait, Qatar, Oman and Rest of Middle East & Africa
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Market Players Covered
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McCain Foods Limited, Kraft Foods, Kellogg's Company, Tyson Foods, Inc., Nomad Foods, Grupo Virto, Ajinomoto Co., Inc., Gulf West Company, Sidco Foods Trading L.L.C., Al Kabeer Group ME, JBS Foods, Mosaic Foods, AdvancePierre, Wawona, Nestlé, General Mills Inc., Conagra Brands, Inc., Amy's Kitchen, Inc., Safco International Gen. Trading Co. L.L.C., Hakan Agro DMCC, Dr. Oetker, Schwan's Home Delivery, BRF Global.
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Market Definition
Frozen-ready meals are usually cooked and packaged in a factory. This process includes heating the ingredients and packaging them into containers. Once the meal is prepared and placed in a freezer to cool down, they are popular among consumers because they provide a diverse menu and are convenient to prepare. Frozen meals may contain a meat entree, a vegetable, and starch-based food such as pasta and sauce. Some frozen meals are prepared specifically for vegetarians or individuals with certain dietary needs. The manufacture of such a product requires careful attention from the food processor.
Global Frozen Ready Meals Market Dynamics
Drivers
- Rising preference for ready-to-eat organic foods
Ready-to-eat food has evolved as one of the most diversified sections of the global ready-meal business in recent years. A growth in convenience patterns and an increase in demand for organic meals have led to a growing need for organic frozen packaged meals. The organic frozen food and beverage sector is another stop for on-the-go consumers, offering anything from frozen sweets to appetizers and meals. Organic frozen ready meals are popular among consumers due to their lack of microbiological and fungal contamination. Also, the nutritional and health benefits offered by organic frozen ready meals have led to the growth in market demand. So to appeal to a larger consumer seeking health and flavor, frozen packaged food makers are also integrating nutritious benefits with taste leading to the growth of the global frozen ready meals market. Changing consumer preferences for plant-based, vegan products are paving the way for organic, convenient food products, resulting in increased demand for frozen ready meals in the global market.
- The change in lifestyle and eating patterns of consumers
In the fast-paced on-the-go world, half of the population prefers convenience food which aids the consumers in saving time and effort in meal preparation. Owing to fast and busy life, the consumption pattern of consumers shifts from raw food to convenience foods. Also, the rapid urbanization and the changing lifestyle of the people are increasing the demand for frozen ready meals. Due to the constant evolution in the consumption pattern of consumers, convenient food has grown substantially globally because of the expanding consumer health consciousness and increasing urban lifestyles. Along with that, consumers are moving towards a fast-moving corporate setup that diversifies their eating patterns due to less time availability and more workload. Frozen-ready meals are easy to cook, readily available, affordable, and accessible, making them a smart solution to cater to the daily nutritional need of the consumers. Growing consumer health and wellness awareness is hastening the adoption of a healthy lifestyle, increasing acceptance of positive lifestyles, and consuming healthy frozen food, which has preserved nutrients, is moving the frozen ready meals market forward.
Opportunities
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An increasing number of initiatives taken by amino acid manufacturers
An increase in the number of initiatives taken by the manufacturers for frozen ready meals, such as product launches, expansion, raised funding, and others, will create a great opportunity for the growth of the global frozen ready meals market. The demand for frozen ready meals is increasing among consumers owing to the hectic schedule, increasing disposable income, and growing demand for ready-to-eat food products to save time for cooking. Consumers' increasing demand for frozen ready meals enables manufacturers to launch new products in the market, expand their manufacturing facility and raise investments to manufacture different frozen ready meals products for varied end-users.
Restraints/Challenges
- Presence of fats in frozen ready meals
Trans fats, which have been linked to heart disease and blocked arteries, are found in packaged or frozen foods. This lipid raises bad cholesterol (LDL) while decreasing good cholesterol (HDL) (HDL). All of this adds to heart disease. Such foods are also heavy in sodium, which can boost cholesterol levels in the body. Also, Frozen foods are incredibly heavy in fat. These foods have an almost double fat-to-carbohydrate-to-protein ratio, which explains why they are high in calories restraining the demand for frozen food among health-conscious consumers.
Furthermore, frozen meals have a large salt level, so that they might raise blood pressure. Excess salt consumption also raises the risk of various medical disorders such as stroke and heart disease. As more people are becoming more aware of these effects of frozen food, the more they prefer fresh food over frozen food, hindering the market growth of frozen ready meals.
Thus, as mentioned above, the presence of excess and unhealthy fat in most frozen ready meals may act as a restraining factor for the global frozen ready meals market growth.
Post-COVID-19 Impact on Global Frozen Ready Meals Market
Post the pandemic, the demand for frozen food products has increased as there won't be any restrictions on movement; hence, the supply of products would be easy. The persistence of COVID-19 for a longer period has affected the supply chain as it got disrupted, and it became difficult to supply the food products to the consumers, initially increasing the demand for products. However, post-COVID, the demand for frozen food products has increased significantly owing to the longer shelf life for frozen food, increasing the demand for convenience food products.
Recent Developments
- In April 2022, Nomad Foods launched open innovation portal that invites partners to share innovative solutions. The new portal launch helped the company increase the scalability of frozen mussels and other bivalve products
- In July 2020, Tyson Foods introduced a new line of chicken products under the Tyson brand in the Globalan Foodservice industry, which includes restaurants, cafeterias, and caterers. This helped the company in increasing its revenue from the food service industry
Global Frozen Ready Meals Market Scope
Global frozen ready meals market is segmented into six segments based on type, category, technology, end user, packaging technique, and distribution channel.
The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Types
- Frozen Snacks
- Frozen Pizza
- Frozen Ice Cream
- Frozen Seafood Products
- Frozen Chicken Products
- Frozen Yoghurt
- Frozen Dairy Products
- Frozen Pasta
- Frozen Drinks
- Frozen Vegetarian Meals
- Frozen Sorbet and Sherbet
- Frozen Cakes
- Frozen Wraps & Rolls
- Frozen Custard
- Frozen Soup
- Frozen Quinoa Food Mixes
- Frozen Rice Mixes
- Others
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 & 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
- Conventional
On the basis of category, the global frozen ready meals market is segmented into organic and conventional.
Technology
- Flash-Freezing/ Individual Quick Freezing (IQF)
- Belt Freezing
- High Pressure-Assisted Freezing
- Others
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.
End-User
- Household/Retail Sector
- Food Service Sector
On the basis of end-user, the global frozen ready meals market is segmented into the food service sector and households.
Packaging Technique
- Frozen Ready Meals Packaging
- Freezing Technique & Equipment
On the basis of packaging technique, the global frozen ready meals market is segmented into freezing technique and equipment and freezing ready meals packaging.
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
On the basis of distribution channel, the global frozen ready meals market is segmented into store-based and non-store retailers.
Global Frozen Ready Meals Market Regional Analysis/Insights
The global frozen ready meals market is analyzed, and market size insights and trends are provided based on as referenced above.
The countries covered in the global frozen ready meals markets report are U.S., Canada, Mexico, Germany, U.K, France, Italy, Spain, Sweden, Belgium, Netherlands, Denmark, Switzerland, Russia, Poland, Turkey, Rest of Europe, Japan, Indonesia, China, Philippines, India, South Korea, Australia, Thailand, Malaysia, New Zealand, Vietnam, Singapore, Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, UAE, Saudi Arabia, South Africa, Kuwait, Qatar, Oman and Rest of Middle East & Africa.
Europe dominates the global frozen ready meals market in terms of market share and market revenue. However, Europe will be the highest growth rate during the forecast period. This is due to the food service industry's industrialization and the country's economic growth. The Global region's demand for convenience and ready-to-eat food items is increasing, boosting the region's frozen ready meals market.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Global brands, their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Frozen Ready Meals Market Share Analysis
The competitive global frozen ready meals market details the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points only relate to the companies' focus on the Global frozen ready meals market.
Some of the major players operating in the global frozen ready meals market are McCain Foods Limited, Kraft Foods, Kellogg's Company, Tyson Foods, Inc., Nomad Foods, Grupo Virto, Ajinomoto Co., Inc., Gulf West Company, Sidco Foods Trading L.L.C., Al Kabeer Group ME, JBS Foods, Mosaic Foods, AdvancePierre, Wawona, Nestlé, General Mills Inc., Conagra Brands, Inc., Amy's Kitchen, Inc., Safco International Gen. Trading Co. L.L.C., Hakan Agro DMCC, Dr. Oetker, Schwan's Home Delivery, BRF Global among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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