Prepared Meals Market Opportunities, Trends, Growth Analysis and Forecast to 2027

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Prepared Meals Market Report Overview

The prepared meals market size was valued at $101.6 billion in 2022 and is anticipated to grow at a CAGR of more than 8% during 2022-2027. The prepared meals market has benefited from the rising health & wellness trend. Consumers’ inclination towards healthier ingredients has spurred the demand for prepared meals with claims such as natural, organic, preservative-free, and low in sugar/fat.

Prepared Meals Market Outlook 2022-2027 ($ Billion)

Prepared Meals Market Outlook 2022-2027 ($ Billion)

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The prepared meals market research report covers a comprehensive overview of consumption of various prepared meals by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.

The actionable insights, through our elaborate prepared meals profiling and company market share details, help gain a competitive advantage and get familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of prepared meals, to identify better avenues for market reach and prepared meals exposure.

Market Size (2022) $101.6 Billion
CAGR (2022-2027) >8%
Historic Period 2017-2021
Forecast Period 2022-2027
Key Categories ·        Ready Meals

·        Pizza

·        Meal Kits

Key Regions ·        Asia-Pacific

·        Middle East and Africa

·        The Americas

·        Western Europe

·        Eastern Europe

Key Distribution Channels ·        Hypermarkets & Supermarkets

·        Convenience Stores

·        Food & Drinks Specialists

·        Cash & Carries and Warehouse Clubs

·        Others

Key Packaging Types ·        Flexible Packaging

·        Paper & Board

·        Rigid Plastics

·        Rigid Metal

·        Glass

Leading Companies ·        Nestlé

·        Nissin Foods Holdings Co Ltd

·        Conagra Brands Inc.

·        Dr. August Oetker Nahrungsmittel Kg

·        General Mils Inc.

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Prepared meals Market Segmentation by Category

The key categories in the prepared meals market are ready meals, pizza, and meal kits. In 2022, the ready meals category accounted for the highest value sales, followed by pizza.

Prepared meals Market Analysis by Category, 2022 (%)

Prepared meals Market Analysis by Category, 2022 (%)

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Prepared Meals Market Segmentation by Regions

The key regions in the prepared meals market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. Western Europe was the highest revenue generator for the prepared meals market in the world in 2022. The region is expected to grow moderately due to market saturation and slow population growth. Value sales in the region will be propelled by rising demand for healthier products, such as low-fat and organic variants.

In 2022, the high-potential countries identified were Canada, the US, Japan, China, the Czech Republic, Poland, Iran, South Africa, Switzerland, and the UK.

Prepared Meals Market Analysis by Regions, 2022 (%)

Prepared Meals Market Analysis by Regions, 2022 (%)

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Prepared Meals Market Segmentation by Distribution Channels

The key distribution channels in the prepared meals market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, and cash & carries and warehouse clubs among others. In 2022, the hypermarkets & supermarkets channel accounted for the highest share of the prepared meals market, followed by convenience stores.

Prepared meals Market Analysis by Distribution Channel, 2022 (%)

Prepared meals Market Analysis by Distribution Channel, 2022 (%) 

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Prepared meals Market Segmentation by Packaging Material

The key packaging materials in the prepared meals market are flexible packaging, paper & board, rigid plastics, rigid metal, and glass. Rigid plastics was the most used pack material in the prepared meals industry in 2022. Additionally, the tray pack type was the most used in the prepared meals industry in the same year.

Prepared meals Market Analysis by Packaging Material, 2022 (%)

Prepared meals Market Analysis by Packaging Material, 2022 (%)

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Prepared Meals Market – Competitive Landscape

The key companies in the prepared meals market are Nestlé, Nissin Foods Holdings Co Ltd, Conagra Brands Inc., Dr. August Oetker Nahrungsmittel Kg, and General Mils Inc., among others. In 2022, Nestlé emerged as the market leader. Its key brands in the prepared meals market are Stouffer’s, Digiorno, Lean Cuisine, Tombstone, and Wagner among others.

Prepared Meals Market Analysis by Companies, 2022 (%)

Prepared Meals Market Analysis by Companies, 2022 (%)

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Key Segments Covered in this Report.

Prepared meals Category Outlook (Value, $ Billion, 2017-2027)

  • Ready Meals
  • Pizza
  • Meal Kits

Prepared meals Regional Outlook (Value, $ Billion, 2017-2027)

  • Asia-Pacific
  • Middle East and Africa
  • The Americas
  • Western Europe
  • Eastern Europe

Prepared meals Distribution Channel Outlook (Value, $ Billion, 2017-2027)

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Food & Drinks Specialists
  • Cash & Carries and Warehouse Clubs
  • Others

Prepared meals Packaging Outlook (Value, $ Billion, 2017-2027)

  • Flexible Packaging
  • Paper & Board
  • Rigid Plastics
  • Rigid Metal
  • Glass

Scope

This report brings together multiple data sources and provides a comprehensive overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Reasons to Buy

  • Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the prepared meals sector.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.

Nestlé
Conagra Brands
Bellisio Foods
Nissin
General Mills
Marumiya Corporation
Dr. August Oetker
Table Mark
Toyo Suisan Kaisha
Nichirei Corporation
Maedeh food industries
Solico Group
Chika Food Industrial Group

Table of Contents

  • 1. Executive Summary
  • 2. Part 1: Sector Overview
  • 1. Current Scenario and Outlook
  • 2. Global Pasta and Noodles Sector Overview – What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • 3. Regional Pasta and Noodles Overview – What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • 4. Key Challenges in the Global Pasta and Noodles Sector
  • 3. Part 2: Shift in Overall Food Consumption Patterns
  • 1. Change in Consumption Levels in the Overall Food Industry, 2017–27
  • 2. Reasons for Shift in Consumption Patterns
  • 4. Part 3: Identifying High-Potential Countries
  • 1. Analysis of 10 Countries on the Basis of Risk–Reward Analysis (Market Assessment, Economic Development,
  • 2. Sociodemographic Factors, Governance Indicators, and Technological Infrastructure)
  • 5. Part 4: Country Deep-Dive Analysis
  • 1. High-Potential Country Analysis
  • 6. Part 5: Health & Wellness Analysis
  • 1. Value Share Analysis of Health & Wellness Market
  • 2. Health & Wellness Market Growth Analysis by Region
  • 3. Key Product Attributes
  • 4. Key Consumer Benefits
  • 5. Leading Health & Wellness Companies by Category
  • 7. Part 6: Competitive Environment
  • 1. Leading Companies by Value – Global
  • 2. Leading Companies and Brands Share Analysis – Global
  • 3. Leading Companies and Brands Share Analysis by Region
  • 8. Part 7: Competitive Landscape – Market Analysis
  • 9. Part 8: Market Share of Private Label
  • 1. Private Labels’ Share Analysis by Region
  • 2. Private Labels’ Share Analysis by Category
  • 10. Part 9: Key Distribution Channels
  • 1. Share of Key Distribution Channels – Global and Regional Level
  • 11. Part 10: Key Packaging Formats
  • 1. Growth Analysis by Key Pack Material and Pack Type
  • 2. Growth Analysis by Closure Type and Primary Outer Type
  • 12. Part 11: Select Industry Metrics
  • 13. Appendix
  • 14. Definitions
  • 15. About GlobalData

Table

Change in consumption levels in the overall food industry, 2017–27

Change in consumption levels in the overall food industry – Asia-Pacific, 2017–27

Change in consumption levels in the overall food industry – Middle East and Africa, 2017–27

Change in consumption levels in the overall food industry – Americas, 2017–27

Change in consumption levels in the overall food industry – Western Europe, 2017–27

Change in consumption levels in the overall food industry – Eastern Europe, 2017–27

Identifying high-potential countries, risk–reward analysis – Asia-Pacific

Identifying high-potential countries, risk–reward analysis – Middle East and Africa

Identifying high-potential countries, risk–reward analysis – Americas

Identifying high-potential countries, risk–reward analysis – Western Europe

Identifying high-potential countries, risk–reward analysis – Eastern Europe

Canada: volume share analysis of top 10 cities, 2017–22

Canada: volume share analysis of top 10 cities by category, 2022

The US: volume share analysis of top 10 cities, 2017–22

The US: volume share analysis of top 10 cities by category, 2022

Japan: volume share analysis of top 10 cities, 2017–22

China: volume share analysis of top 10 cities, 2017–22

The Czech Republic: volume share analysis of top four cities, 2017–22

The Czech Republic: volume share analysis of top four cities by category, 2022

Poland: volume share analysis of top 10 cities, 2017–22

Poland: volume share analysis of top 10 cities by category, 2022

South Africa: volume share analysis of top eight cities, 2017–22

South Africa: volume share analysis of top eight cities by category, 2022

The UK: volume share analysis of top 10 cities, 2017–22

The UK: volume share analysis of top 10 cities by category, 2022

Health & wellness value and its share in overall sales, 2016–21

Health & wellness analysis – key product attributes by region, 2021 Health & wellness analysis – key consumer benefits by region, 2021

Leading health & wellness companies by category, 2021

Company and brand share analysis – Global

Company and brand share analysis – Asia-Pacific

Company and brand share analysis – Middle East and Africa

Company and brand share analysis – Americas

Company and brand share analysis – Western Europe

Company and brand share analysis – Eastern Europe

Key brands – ready meals, 2022

Key brands – pizza, 2022

Key brands – meal kits, 2022

Private label value and share by region, 2017–22

Private label value sales ($ million) and share (%) by category, 2022

Leading distribution channels by region (% share by value), 2022

Figures

Key categories by value and volume, 2022–27 – Global

Key categories by value and volume, 2022–27 – Asia-Pacific

Key categories by value and volume, 2022–27 – Middle East and Africa

Key categories by value and volume, 2022–27 – Americas

Key categories by value and volume, 2022–27 – Western Europe

Key categories by value and volume, 2022–27 – Eastern Europe

Canada: category share

Canada: consumption by gender

Canada: consumption by age group

Canada: consumption by education

Canada: consumption by degree of urbanization

Canada: volume share analysis of top 10 cities, 2017–22

The US: category share

The US: consumption by gender

The US: consumption by age group

The US: consumption by education

The US: consumption by degree of urbanization

The US: volume share analysis of top 10 cities, 2017–22

Japan: category share

Japan: consumption by gender

Japan: consumption by age group

Japan: consumption by education

Japan: consumption by degree of urbanization

Japan: volume share analysis of top 10 cities, 2017–22

China: category share

China: consumption by gender

China: consumption by age group

China: consumption by education

China: consumption by degree of urbanization

China: volume share analysis of top 10 cities, 2017–22

The Czech Republic: category share The Czech Republic: consumption by gender

The Czech Republic: consumption by age group

The Czech Republic: consumption by education

The Czech Republic: consumption by degree of urbanization

The Czech Republic: volume share analysis of top four cities, 2017–22

Poland: category share

Poland: consumption by gender

Poland: consumption by age group

Poland: consumption by education

Poland: consumption by degree of urbanization

Poland: volume share analysis of top 10 cities, 2017–22

Iran: category share

South Africa: category share

South Africa: consumption by gender

South Africa: consumption by age group

South Africa: consumption by education

South Africa: consumption by degree of urbanization

South Africa: volume share analysis of top eight cities, 2017–22

Switzerland: category share

The UK: category share

The UK: consumption by gender

The UK: consumption by age group

The UK: consumption by education

The UK: consumption by degree of urbanization

The UK: volume share analysis of top 10 cities, 2017–22 Contribution of each region to the growth of H&W market, 2016–21

Leading companies in the global prepared meals sector (% share), 2022

Key pack material volume share (%), 2022

Annual volume growth by pack material (%), 2017–27

Key pack type volume share (%), 2022

Annual volume growth by pack type (%), 2017–27

Key closure type volume share (%), 2022

Annual volume growth by closure type (%), 2017–27

Key primary outer volume share (%), 2022

Annual volume growth by primary outer (%), 2017–27

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