The Analysis of Ready-to-eat Meals Market is segmented by Product Type (Frozen Ready Meals, Chilled Ready Meals, Canned Ready Meals, and Freeze-dried Ready Meals); Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retailers, and Other Distribution Channels); and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

The global ready meals market was valued at USD 143.94 billion in 2021 and is expected to grow at a CAGR of 5.0% during the forecast period.

The size and share of the market is categorized based on Type (Bagged, Boxed, Other) and Application (Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The report covers Ready-to-eat Meals Market Brands in North America and is segmented by Product Type (Frozen Ready Meals, Canned Ready Meals, and Dried Ready Meals); by Category (Conventional Meals and Free-from Meals); Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores/Grocery Stores, Online Retailers, Other Distribution Channels); Geography (United States, Canada, Mexico, and Rest of North America).

The Frozen-Cooked Ready Meals Market is segmented by Product Type (Vegetarian Meals and Non- Vegetarian Meals), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retailers, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

The global ready meals market size is expected to reach USD 219.43 billion by 2030 according to a new study by Polaris Market Research.

Snapshot img

Frozen Ready Meals Market Size 2025-2029

The frozen ready meals market size is forecast to increase by USD 66.3 billion at a CAGR of 11% between 2024 and 2029.

The market In the global food industry is witnessing significant growth due to several key factors. New product launches, featuring innovative flavors and personalized nutrition, are driving market expansion. Consumers' increasing preference for convenient and nutritious meal options, particularly In the context of busy lifestyles, is another major growth driver. The popularity of private-label frozen meals, offering competitive pricing and quality, is also contributing to market growth. However, challenges remain, including the complexities of warehousing and logistics for frozen foods, which require cold storage facilities and efficient transportation methods. Key product categories, such as frozen pizza, meat dishes, dumplings, and snacks, continue to dominate the market.
Trends in packaging, such as microwavable and vacuum-sealed containers, enhance the convenience and shelf life of these meals. The market is further expected to be influenced by emerging trends, such as the use of plant-based proteins and the integration of technology for improved cold chain management and personalized nutrition.

What will be the Size of the Frozen Ready Meals Market During the Forecast Period?

Request Free Sample

The market is experiencing significant growth due to the increasing demand for convenient, healthy, and personalized meal options. Consumers are prioritizing healthy eating habits and seeking out balanced, diet-friendly meals that cater to various dietary restrictions, including nut-free, gluten-free, vegan, vegetarian, and low-carb options. The market also caters to busy individuals and families with meal prep services, food subscription boxes, and microwaveable meals. Additionally, there is a growing focus on ethical food sourcing, sustainable packaging, and reducing food waste. Nutritional considerations, including the inclusion of vitamins, minerals, and lean proteins, are also important factors influencing consumer choices. Online grocery sales are increasingly driving the growth of the market in North America, with beef, chicken, and fish-based meals being particularly popular. Healthy snacks and balanced meals are also popular choices for those following a healthy lifestyle or managing their weight. Overall, the market is expected to continue expanding as consumers seek out convenient, nutritious, and sustainable meal solutions.

How is this Frozen Ready Meals Industry segmented and which is the largest segment?

The frozen ready meals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Frozen entree
  Frozen pizza
  Others


Geography

  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Product Insights

The frozen entree segment is estimated to witness significant growth during the forecast period.

This segment encompasses single-serve dinners/entrees, handheld entrees, and multi-serve dinners/entrees. Frozen entrees provide a vast array of cuisines and dietary choices, including vegetarian, vegan, lean cuisine, and plant-based meals, aligning with health-conscious consumers' preferences. Online grocery stores, such as e-commerce platforms and independent retailers, facilitate the purchasing of these convenient meals, offering recipe suggestions, dietary information, and portion control.

Frozen entrees come in various packaging options, including recyclable, biodegradable, and eco-conscious materials, addressing environmental demands. Key players are also focusing on sustainability, with initiatives like QR codes for nutritional information and microwave-safe, single-serve containers for convenience. The market is expected to continue growing, catering to the busy lifestyles and dietary requirements of the working population, offering low-calorie, high-protein, and fiber-rich meals, as well as meals for specific dietary needs, such as omega-3 fatty acids, minerals, vitamins, and allergen-free options.

Get a glance at the market report of share of various segments Request Free Sample

The Frozen entree segment was valued at USD 26.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 74% 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.

For more insights on the market size of various regions, Request Fre

In 2023, China's prepared food market reached almost 517 billion yuan, increasing rapidly from 244.5 billion yuan in 2019. The prepared meal market in China is expected to retain its fast growth and exceed 1.4 trillion yuan by 2028.

Explore the Ready Meals Market trends! Covers key players, growth rate 10.7% CAGR, market size $303.09 Billion, and forecasts to 2034. Get insights now!

Vendor Performance

In 2022, frozen ready meals accounted for almost 53 percent of the ready meals consumed across Thailand. In comparison, shelf stable ready meals accounted for only one percent in that same year.

The report covers Frozen Ready Meals Market in Asia Pacific and is segmented by Product type into frozen ready meals, chilled ready meals, dried ready meals; by distribution channel into supermarkets/ hypermarkets, convenience stores, online retailers, other distribution channels; and by geography.

The size and share of the market is categorized based on Application (Hypermarkets and Supermarkets, Independent Retailers, Convenience Stores) and Product (Frozen & Chilled Ready Meals, Canned Ready Meals, Dried Ready Meals) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Ready Meals Market size was valued at USD 143.86 billion in 2021 and is poised to grow from USD 149.9 billion in 2022 to USD 225.28 billion by 2030, growing at a CAGR of 5.1%

Frozen: Frozen ready meals are the largest segment due to their convenience and longer shelf life.Chilled: Chilled ready meals are gaining popularity due to their freshness and superior taste.Canned: Canned ready meals offer a non-perishable option that is convenient for emergencies or camping.Shelf-stable: Shelf-stable ready meals have a long shelf life without refrigeration, making them ideal for long-term storage. Recent developments include: In June 2023, Unilever, a British multinational consumer goods company, announced of acquiring Yasso, a premium frozen Greek yogurt brand in North America to improve its yogurt portfolio. , In April 2023, Nestle, a Swiss multinational food and drink processing conglomerate corporation, announced of creating a joint venture for frozen pizza with PAI in Europe, competing in this competitive category. .

The overall market size of ready meals in South Korea was valued around 85.8 million U.S. dollars in 2016. The overall market size of prepared meals, including ready meals, ready pizza, and meal kits, amounted to around 160 million dollars that year.

The global ready meals market size was valued at around USD 143.59 billion in 2022 and is expected to grow around 205.57 billion by 2030 with a compound annual growth rate (CAGR) of approximately 5.26% between 2023 and 2030.

In 2023, convenience stores were the leading sales channel for ready-made meals in Japan, contributing around 3.46 trillion Japanese to the market size. Grocery stores followed behind with a share worth about 3.26 trillion yen. Grocery and convenience stores in Japan offer a variety of prepared foods ranging from rice-based meals like packed lunches (bento), sushi, and rice balls (onigiri) to bread-based foods like sandwiches. Grocery stores further operate a self-service corner offering deep-fried and grilled side dishes.

The Europe Ready to Eat Food Market is segmented by Product Type (Frozen Ready Meals, Chilled Ready Meals, Canned Ready Meals, and Dried Ready Meals); by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels); and by Geography (United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe). The market size and values in (USD million) during the forecasted years for the above segments.

Prepared Meals Market Size Value in the UK, 2021 Discover more data with ReportLinker!