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The convenience food market is set to reach a valuation of USD 679.7 million level by the year 2025, with the demand for these products growing at 7.2% every year.
Attributes | Description |
---|---|
Estimated Global Convenience Food Business Size (2025E) | USD 679.7 million |
Projected Global Convenience Food Business Value (2035F) | USD 1.36 billion |
Value-based CAGR (2025 to 2035) | 7.2% |
Semi-Annual Market Update
Particular | Value CAGR |
---|---|
H1 (2024 to 2034) | 7.0% |
H2 (2024 to 2034) | 7.5% |
H1 (2025 to 2035) | 7.4% |
H2 (2025 to 2035) | 7.8% |
Country-wise Insights
Countries | Value (2035) |
---|---|
China | 7.5% |
The USA | 6.9% |
Japan | 5% |
Germany | 5.5% |
The UK | 5.6% |
Segment-wise Analysis
Segment | Value Share (2025) |
---|---|
Frozen Foods | 35% |
Segment | Value Share (2025) |
---|---|
Supermarkets and Hypermarkets ( Distribution Channels) | 40% |
Competitive Outlook
Company Name | Estimated Share (%) |
---|---|
Nestlé S.A. | 10-14% |
Mondelez International Inc. | 8-12% |
Kraft Foods Group Inc. | 7-11% |
Grupo Bimbo | 6-10% |
McCain Foods Limited | 5-9% |
Other Companies (combined) | 40-50% |
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Explore the Global Convenience Food Market, valued at USD 528 Billion in 2023, projected to reach USD 852.6 Billion by 2030 with a 7.45% CAGR.
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According to Cognitive Market Research, The Global Convenience Foods market size is USD 621.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.60% from 2023 to 2030.
The demand for meat/poultry products is due to poultry, and meat is an excellent source of protein.
Demand for ready-to-eat convenience foods remains higher because most of the money young customers make is spent on easily prepared meals.
The increasing demand for ready-to-eat convenience foods and convenience stores due to convenience stores being a terrific place to find fantastic food at affordable costs because they frequently offer discounts and promotions is anticipated to be a significant development driver for the industry’s increased market revenue share in 2023.
Asia-Pacific will continue to lead, whereas the North American ready-to-eat convenience foods market will experience the most vigorous growth until 2030.
Growing Inclination for Convenience Foods to Boost Market Growth
The global market for convenience food is expanding due to convenience food markets being driven by several factors, including people's growing taste for convenience foods and their rising level of disposable income. The market growth rate will be accelerated by changing lifestyles, expanding consumer acceptance, and increasing health awareness. Moreover, the market's growth rate will be positively impacted by a rise in investment in cold chain development. In addition, the increase in the proportion of women working and the shift in consumer behavior will moderate the market's growth rate.
For instance, Prasuma expanded its product line by adding additional items to its frozen food portfolio. The brand's partner retail outlets, Meatigo.com, Walmart, Nature's Basket, and Swiggy Instamart, carry Prasuma's new goods in all 70 cities.
It is anticipated that factors including the expanding millennial population, hectic work schedules, and on-the-go consumption patterns will drive the growth in sales for convenience food products globally. In the years to come, this is projected to fuel the market.
Rising Popularity of Immediate Food Demand is Expected to Propel Market Growth
The market for convenience food products is expanding due to the rising demand for frozen snack choices, ready-to-eat cereals, and instant breakfast dishes. The market is increasing due to significant industry players focusing more on convenience food market research to create innovative food products.
By 2030, Nestlé intends to increase sales of its healthier goods by CHF 20–25 billion. This indicates a sales increase of almost 50% over 2022. Nestlé, a firm that promotes "Good food, Good life," is doing more to assist consumers in having a balanced diet.
The easy accessibility of convenience food products is a significant trend driving the market's expansion. These food items are becoming more widely available in stores and supermarkets, and their growing availability, along with the rise of online retailers specializing in convenience food items, has resulted in an increase in consumer demand and the expansion of the convenience food industry globally.
Market Dynamics of Convenience Food
Rising Number of Stringent Regulations to Hinder Market Growth
The market faces a significant obstacle in inadequate processing, storage, and packaging, endangering chilled and frozen food products. The growing number of strict restrictions also limits the convenience food industry. Companies find adapting to the changing environment challenging as laws become more stringent. People are using these convenience food items more sparingly as they become more conscious of the negative consequences of preservatives. This could eventually cause the retail market for convenience meals to decrease. However, the market's development rate would be hampered by the rising demand for natural and fresh foods. Throughout the projection period, the market will face additional challenges due to the increased necessity of keeping constant temperature monitoring.
Impact of COVID-19 on the Convenience Food Sector
Retail stores have temporarily closed due to COVID-19 to lessen the virus's impact, which has caused consumer anxiety. Because most countries must lock down their borders and limit mobility, the coronavirus pandemic is the primary factor driving consu...
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Global Convenience Food Market reached USD 623.5 million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030
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The global convenience food market size reached a value of approximately USD 485.12 Billion in 2024. The market is further expected to grow at a CAGR of 6.10% between 2025 and 2034, reaching a value of USD 877.01 Billion by 2034. The global convenience food market size is expanding due to rising urbanisation, busy lifestyles, and increasing disposable incomes. Consumers prefer ready-to-eat and easy-to-prepare meals due to time constraints. The growth of e-commerce and retail chains enhances accessibility, while advancements in food processing and packaging extend shelf life. Furthermore, growing working populations and increasing demand for on-the-go snacks contribute to the market’s steady expansion worldwide.
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Convenience Food Market size is expected to be worth around USD 871.7 Bn by 2034, from USD 515.2 Bn in 2024, growing at a CAGR of 5.4%
The volume is forecast to experience significant growth in all segments in 2030. This reflects the overall trend throughout the entire forecast period from 2020 to 2030. It is estimated that the volume is continuously rising in all segments. In this regard, the Ready-to-Eat Meals segment achieves the highest value of *** billion kilograms in 2030. Find further statistics on other topics such as a comparison of the revenue in Turkey and a comparison of the average revenue per capita in the world. The Statista Market Insights cover a broad range of additional markets.
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North America Convenience Foods market ranks second in size. The forecast for the compound annual growth rate is 6.5% .
Over the last two observations, the volume is forecast to significantly increase in all segments. As part of the positive trend, the volume achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Ready-to-Eat Meals stands out with the highest value of *** billion kilograms. Find further statistics on other topics such as a comparison of the volume in Indonesia and a comparison of the average volume per capita in Estonia. The Statista Market Insights cover a broad range of additional markets.
Frozen And Convenience Food Market Size 2024-2028
The frozen and convenience food market size is forecast to increase by USD 468.9 billion at a CAGR of 8.09% between 2023 and 2028.
The market is experiencing significant growth due to several key trends. One major factor driving market expansion is the increasing consumer preference for vegan frozen food options as well as frozen bakery products. As more individuals adopt plant-based diets, the demand for convenient, ready-to-eat vegan meals has surged. Additionally, the escalating need for convenience in today's fast-paced world has led to a rise In the popularity of frozen and convenience foods.
However, there are challenges associated with this market growth. Health concerns surrounding the consumption of frozen foods have emerged, as some products may contain high levels of sodium, preservatives, and unhealthy additives. Despite these challenges, the market is expected to continue its growth trajectory, offering numerous opportunities for industry players.
What will be the Size of the Frozen And Convenience Food Market During the Forecast Period?
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The market encompasses a broad range of ready-to-eat and easy-to-prepare meal options, including breakfast meals, dinners/entrees, frozen meats, processed chicken, and gluten-free ready meals as well as frozen baby food. This market is driven by several factors, including health awareness, convenience, portability, and longer shelf life. With the increasing trend towards healthier eating, there is a growing demand for frozen food products that offer nutritional value and reduced sodium and sugar content. The processed food trade is undergoing significant digitalization, with online shopping platforms gaining popularity among consumers. Retailers are leveraging technology to offer meal plans and temperature monitoring services, ensuring food safety and enhancing the overall customer experience.
Raw materials cost and domestic tariffs are key challenges for domestic brands In the frozen food market. Trade routes and international cuisines continue to shape the market dynamics, with globalization leading to increased competition and innovation. Frozen foods are increasingly being adopted by full-service restaurants, luxury hotels, and other foodservice establishments, further expanding the market's reach. The convenience and affordability of frozen foods make them an attractive option for consumers, particularly In the context of busy lifestyles and the desire for ready-to-eat meal solutions.
How is this Frozen And Convenience Food Industry segmented and which is the largest segment?
The frozen and convenience food industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Distribution Channel
Offline
Online
Type
Convenience food
Frozen food
Geography
Europe
Germany
UK
North America
US
APAC
China
Japan
South America
Middle East and Africa
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
The offline distribution segment, comprising supermarkets/hypermarkets, convenience stores, grocery stores, and local merchants, holds a significant share In the market. This dominance can be attributed to the wide availability of various frozen and convenience food products, including peas, chips, fish fillets, bread, preserved fruit, nuts, snacks, pizza sausages, and chicken. Hypermarkets and supermarkets are particularly popular due to their extensive stock-keeping units (SKUs) and competitive pricing. Consumers are drawn to these channels due to the convenience they offer, as well as the wide brand variety. Factors such as ease of access, large selection, and competitive pricing contribute to the continued growth of the offline distribution segment In the market.
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The offline segment was valued at USD 422.90 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 49% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European region holds a significant market share In the global frozen and convenience food industry. Key European markets for frozen foods include the UK, Germany, and Spain. Factors driving the growth of the frozen food market in Europe include increasing con
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The Japan convenience food market size reached USD 30,227.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 34,086.1 Million by 2033, exhibiting a growth rate (CAGR) of 1.3% during 2025-2033. The increasing demand for convenient food options among busy individuals, the growing geriatric population adopting convenience food options, and the growing popularity of convenience stores or konbini that offer numerous ready-to-eat (RTE) meals, snacks, and beverages represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 30,227.0 Million |
Market Forecast in 2033 | USD 34,086.1 Million |
Market Growth Rate (2025-2033) | 1.3% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, product, and distribution channel.
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South Korea convenience food market size reached USD 9.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.23% during 2025-2033. The regional trend towards urbanization, which has led to a rise in the number of people living in urban areas where time constraints and limited cooking facilities enhance the need for convenient food options, is driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 9.7 Billion |
Market Forecast in 2033 | USD 16.2 Billion |
Market Growth Rate (2025-2033) | 5.23% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on type, product, and distribution channel.
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South East Asia convenience food market size reached USD 21.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 38.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033. The rising popularity of quick and accessible meal solutions, owing to fast-paced lifestyles of individuals, along with the introduction of enhanced food delivery services, is primarily driving the regional market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 21.2 Billion |
Market Forecast in 2033 | USD 38.3 Billion |
Market Growth Rate 2025-2033 | 6.3% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on type, product, and distribution channel.
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The Frozen And Convenience Food Market size is expected to reach a valuation of USD 463.29 billion in 2033 growing at a CAGR of 5.5%. The Frozen And Convenience Food market research report classifies market by share, trend, demand, forecast and based on segmentation.
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The global convenience food retail market is projected to reach a value of $1,287.65 million by 2033, exhibiting a CAGR of 7.16% during the forecast period (2025-2033). The market is driven by the increasing demand for convenience foods due to the growing number of working professionals, urbanization, and changing consumer lifestyles. The rising popularity of online grocery shopping, the expansion of convenience stores, and the introduction of innovative convenience food products further contribute to market growth. The market is segmented based on product type, sales channel, distribution channel, packaging type, and region. Frozen food, ready-to-eat meals, and snacks and appetizers are the key product types in the market. Grocery stores, convenience stores, and supermarkets are the major sales channels. The distribution channel segment includes direct-to-store, through wholesalers/distributors, online platforms, and third-party logistics providers. Single-serve and multi-serve packaging types dominate the market. North America and Europe hold significant market shares, while Asia Pacific is expected to witness the fastest growth during the forecast period. Key players in the market include Statoil, TotalEnergies, EG Group, Circle K, Ampm, Chevron, ExxonMobil, Valero Energy, Casey's General Stores, and Alimentation CoucheTard. Recent developments include: , Convenience Food Retail Market Segmentation Insights. Key drivers for this market are: 1 Expanding urbanization2 Rising disposable income3 Evolving consumer preferences4 Technological advancements5 Growing demand for healthy options. Potential restraints include: Growing urbanization Increasing consumer demand for convenience Expansion of the organized retail sector Innovation in product offerings Rising disposable income.
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The global market size of Convenience Foods is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Convenience Foods Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Convenience Foods industry. The key insights of the report:
1.The report provides key statistics on the market status of the Convenience Foods manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Convenience Foods industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Convenience Foods Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Convenience Foods as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Convenience Foods market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
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Asia Pacific Convenience Foods Market dominated the market in 2023. The market in Asia Pacific is expected to increase at a CAGR of 8.5% over the next several years.
US Packaged Food Market Size 2025-2029
The US packaged food market size is forecast to increase by USD 582.3 million at a CAGR of 7.7% between 2024 and 2029.
The Packaged Food Market is experiencing significant growth, driven by the increasing demand for food products with longer shelf lives and the rising consumer awareness towards clean-label products. This trend is particularly prominent in the US market, where strict food regulations ensure a high level of consumer safety and trust. However, companies operating in this market face challenges such as increasing competition and the need to comply with evolving regulatory requirements. To capitalize on these opportunities, companies must focus on innovation and product differentiation, leveraging clean labeling and extended shelf life technologies. This trend is particularly evident in the demand for functional foods, which offer health benefits beyond basic nutrition.
Strategic partnerships and collaborations can also help companies navigate the complex regulatory landscape and expand their reach in the market. Overall, the Packaged Food Market presents a compelling opportunity for companies seeking to meet evolving consumer preferences and regulatory requirements while navigating a competitive landscape.
What will be the size of the US Packaged Food Market during the forecast period?
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The packaged food market encompasses a wide range of products, including convenience foods, organic offerings, ready-to-eat meals, frozen foods, snack items, dairy products, meat alternatives, plant-based options, gluten-free items, and various specialty and ethnic foods. This market continues to evolve, driven by consumer preferences for healthier, more convenient, and more diverse food choices. Key trends include a growing focus on food labeling and nutritional information, as well as the rise of functional foods catering to specific health needs. Food allergies and dietary restrictions have also fueled demand for gluten-free and other specialty products. These include fortified dairy products, meat alternatives, and plant-based offerings.
The packaged food industry's size is substantial, with continued growth driven by the convenience and versatility these products offer. As consumers prioritize health and wellness, there is a growing emphasis on food quality and brand loyalty. The supply chain remains critical to ensuring the timely delivery of these products, with logistical challenges and sustainability concerns shaping industry discussions. Overall, the packaged food market is dynamic and diverse, reflecting the evolving needs and preferences of consumers worldwide.
How is this market segmented?
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Method
Packets
Bottles
Boxes
Cans
Others
Distribution Channel
Offline
Online
Type
Bakery and cereals
Dairy products
Snacks and nutritional bars
Beverages
Others
Geography
US
By Method Insights
The packet segment is estimated to witness significant growth during the forecast period. Packaged food continues to be a significant market, catering to consumers' demand for convenience, portability, and extended shelf life. The trend toward single-serve and individualized packaging has gained momentum, driven by consumers' preference for smaller portions and minimized waste. This is particularly prevalent in categories such as condiments, sauces, and snacks. For instance, single-serve coffee packets from brands like Folgers, a subsidiary of J.M. Smucker, have gained popularity for their quick and convenient brewing. Food safety, sustainability, and health and wellness are key factors influencing the packaged food market. Sustainable packaging solutions, such as eco-friendly materials, are increasingly being adopted to reduce waste and promote environmental responsibility. This trend has also led to the growth of private labels, as retailers seek to differentiate themselves and offer unique, high-quality options. The packaged food market encompasses various categories, including convenience foods, ready-to-eat meals, frozen foods, snack foods, dairy products, meat products, plant-based foods, and specialty foods. Efficient and effective logistics are essential for ensuring freshness and minimizing waste.
Functional foods, organic options, and dietary needs catering to various health concerns are also driving market growth. Consumers seek transparency in food labeling and nutritional information, which has led to an increased focus on clean labeling and natural flavors. The packaged food market encompasses various categories, including convenience foods, ready-to-eat meals, frozen foods, snack foods, dairy products, meat
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Global Convenience Food and Frozen Food market size 2025 was XX Million. Convenience Food and Frozen Food Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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Explore Market Research Intellect's Convenience Foods Market Report, valued at USD 500 billion in 2024, with a projected market growth to USD 800 billion by 2033, and a CAGR of 6.5% from 2026 to 2033.
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The convenience food market is set to reach a valuation of USD 679.7 million level by the year 2025, with the demand for these products growing at 7.2% every year.
Attributes | Description |
---|---|
Estimated Global Convenience Food Business Size (2025E) | USD 679.7 million |
Projected Global Convenience Food Business Value (2035F) | USD 1.36 billion |
Value-based CAGR (2025 to 2035) | 7.2% |
Semi-Annual Market Update
Particular | Value CAGR |
---|---|
H1 (2024 to 2034) | 7.0% |
H2 (2024 to 2034) | 7.5% |
H1 (2025 to 2035) | 7.4% |
H2 (2025 to 2035) | 7.8% |
Country-wise Insights
Countries | Value (2035) |
---|---|
China | 7.5% |
The USA | 6.9% |
Japan | 5% |
Germany | 5.5% |
The UK | 5.6% |
Segment-wise Analysis
Segment | Value Share (2025) |
---|---|
Frozen Foods | 35% |
Segment | Value Share (2025) |
---|---|
Supermarkets and Hypermarkets ( Distribution Channels) | 40% |
Competitive Outlook
Company Name | Estimated Share (%) |
---|---|
Nestlé S.A. | 10-14% |
Mondelez International Inc. | 8-12% |
Kraft Foods Group Inc. | 7-11% |
Grupo Bimbo | 6-10% |
McCain Foods Limited | 5-9% |
Other Companies (combined) | 40-50% |