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Frozen Ready Meal Market report categorizes the global market by Product Type (Vegetable, Snacks, Soups, Meat and Poultry), Moisture Content (Low, Medium, High), Ingredient (Natural Color, High Intensity Sweeteners), Distribution Channel (Supermarke
Frozen Ready Meal Industry Insights
Ready Meals are complete meals that are already prepared, which are available in trays and
require to be heated before serving. Frozen foods are said to be preserved foods, which resist
the decay process and inhibit bacterial growth. Socio-economic expansion such as increasing
women labor pool and increasing number of single member households has resulted in an
increase in demand for convenience and minimal preparation foods that help save time and
effort. Increase in growth of tourism and robust gross domestic product (GDP) are projected
to increase demand for frozen foods. Moreover, product availability and retail shelf space
play a key role in triggering growth of the frozen ready meal market. Distribution is a key
factor in the current frozen food market. The factors hindering growth of this market include
increasing number of private labels and local and unorganized brands. The innovative
packaging of private and local brands attracts an enormous amount of consumers, ultimately
fueling growth of the global market. Increase in the number of manufacturers of frozen food
in the recent past, has led to large competition in the global market. Low cost of products
provided by various suppliers has created a greater opportunity for users to choose a preferred
supplier from the large number of global suppliers available in the market.
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Among product type, the largest segments are soups and snacks. Frozen seafood and
vegetables are expected to witness higher growth in the market over the forecast period.
Supermarkets lead the distribution channel in the global scenario.
Frozen Ready Meal Market Outlook- Europe holds a dominant position in the global frozen
ready meal market.
Europe is the largest producer of frozen ready meals, followed by North America. Frozen
ready meals have increased shelf life than chilled products, which helps maintain freshness
and nutritional quality of the product. Thus, frozen ready meals are a more convenient
alternative to chilled products, thus driving growth of frozen ready meals, in turn driving
growth of the market globally. Frozen ready meals offer larger product collection ranging
from various types of vegetables to beef, thus offering consumers the opportunity for product
selection. The growth prospects of E-commerce and demand for natural and organic products
have led to an increasing growth of frozen ready meal market. The amenity of having
individual serving meals with reduced demand for preparation is gaining popularity, thus
boosting demand for vendors selling ready to eat meals.
Some of the key players in the global frozen ready meal market are ConAgra Brands Inc.,
Maple Leaf foods Inc., BRF, Tyson Foods Inc., Pinnacle Foods Inc., Campbell’s Soup,
Sanquan Foods, McCain Foods (India) Pvt. Ltd., Kellogg NA Co., General Mills Inc.,
Greencore Group, Iceland Foods, Nomad Foods Europe Ltd., FRoSTA AG, Maple Leaf
Foods, NICHIREI CORPORATION , The Schwan’s Shared Services, 2 Sisters Food Group,
Ajinomoto Co. Inc., Amy’s Kitchen Inc., EUROPASTRY SA, and Fluery Michon.
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