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)
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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 (%)
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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 (%)
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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 (%)
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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 (%)
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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 (%)
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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.
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
Table
Figures
Frequently asked questions
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What was the prepared meals market size in 2022?
The prepared meals market size was estimated at $101.6 billion in 2022.
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What will the prepared meals market growth rate be during 2022-2027?
The prepared meals sector is likely to grow at a CAGR of more than 8% from 2022 to 2027.
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Which was the leading category in the prepared meals market in 2022?
In 2022, the ready meals category accounted for the highest value sales.
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Which was the dominant distribution channel in the prepared meals market in 2022?
The hypermarkets & supermarkets emerged as the leading distribution channel in the prepared meals market in 2022.
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Which was the most preferred packaging material in the prepared meals market in 2022?
Rigid plastics was the most used pack material in the prepared meals industry in 2022.
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Which are the key companies in the prepared meals market?
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.
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