“Global Frozen Ready Meals Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Frozen Ready Meals market. Frozen ready meals are a subset of ready-to-eat (RTE) food products, which are preserved in low temperatures to preserve nutrients, such as vitamins, minerals, carbohydrates and protein. These meals reduce food wastage and save time in preparation as they are pre-cleaned and pre-cooked and generally only require defrosting as well as heating. Their consumption can help improve the immune system and minimize the risk of developing allergies. Some of the commonly available frozen ready meals include soup, finger chips, gravies, fish, meat, pizza, and pasta.
At present, the increasing consumption of convenient and packaged food products on account of rapid urbanization, hectic lifestyles, and expanding purchasing power of consumers represents one of the major factors positively influencing the demand for frozen ready meals around the world. It can also be attributed to the growing popularity of fast-food products, especially among the millennial population, and the emerging adoption of frozen ready meals in the food service industry. Apart from this, key players operating across the globe are introducing innovative products with high protein levels and no additives, preservatives, and gluten to increase their overall sales and expand their existing market share and meet the nutritional requirements of individuals. Moreover, a rapid shift in consumer preferences toward low-calorie and healthy snacking options on account of the growing prevalence of chronic diseases worldwide and the consequently increasing health consciousness among the masses is contributing to the market growth. Furthermore, the expansion of organized distribution channels, such as hypermarkets, supermarkets, convenience stores, and grocery stores, is providing easy availability of products and offering lucrative growth opportunities to manufacturers. Besides this, a considerable reliance on online shopping platforms that provide a wide range of products with doorstep delivery and various payment methods is creating a positive outlook for the market.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the frozen ready meals market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenarios from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the frozen ready meals market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the frozen ready meals market in detail for the latest trends, outlooks,s, and opportunities.
The report analyses the competitive structure of the frozen ready meals industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the frozen ready meals industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the frozen ready meals Industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the frozen ready meals industry. Furthermore, the value chain analysis of the frozen ready meals Industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Frozen Ready Meals Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Frozen Ready Meals Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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