The average revenue per capita in the 'Ready-to-Eat Meals' segment of the food market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 36 U.S. dollars (+15.45 percent). After the tenth consecutive increasing year, the average revenue per capita is estimated to reach 269 U.S. dollars and therefore a new peak in 2029. Notably, the average revenue per capita of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Fresh Fruits' segment of the food market in Germany and the average volume per capita in the 'Pasta' segment of the food market in Turkey. The Statista Market Insights cover a broad range of additional markets.

Europe Ready-to-Eat Food Market is Segmented by Product Type (Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, Meat Products, and Other Product Types); by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores, Online Retail Stores, and Other Distribution Channels); and by Geography (United Kingdom, Germany, Spain, France, Italy, Russia, and Rest of Europe). The report offers market size and values in (USD million) during the forecasted years for the above segments.

The price per unit in the 'Ready-to-Eat Meals' segment of the food market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 1.8 U.S. dollars (+13.24 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 15.38 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the revenue in the 'Dairy Products & Eggs' segment of the food market in Japan and the average revenue per capita in the 'Pet Food' segment of the food market in Luxembourg. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Ready-to-Eat Meals' segment of the food market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 2.7 billion U.S. dollars (+17.06 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 18.56 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Oils & Fats' segment of the food market in Mexico and the price per unit in the 'Fresh Fruits' segment of the food market in Switzerland. The Statista Market Insights cover a broad range of additional markets.

The volume in the 'Ready-to-Eat Meals' segment of the food market in the United States was forecast to continuously increase between 2024 and 2029 by in total 0.1 billion kilograms (+1.84 percent). After the seventh consecutive increasing year, the volume is estimated to reach 5.48 billion kilograms and therefore a new peak in 2029. Notably, the volume of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the price per unit in the 'Fruits & Nuts' segment of the food market in Switzerland and the revenue change in the 'Milk Substitutes' segment of the food market in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

Comparing the selected regions regarding the revenue in the 'Ready-to-Eat Meals' segment of the food market, China is leading the ranking (164.34 billion U.S. dollars) and is followed by India with 80.31 billion U.S. dollars. At the other end of the spectrum is Egypt with 9.96 billion U.S. dollars, indicating a difference of 154.38 billion U.S. dollars to China.

Dinner Ready-to-Eat (RTE) Food Market would most probably witness colossal growth between 2025 to 2035 due to increasing demand for convenience food, increasing urbanization, and evolving eating culture. The market will most probably be valued at approximately USD 16,547 million in the year 2025 and could grow to USD 30,587 million in the year 2035 by witnessing a CAGR of 6.3% during the forecast period.

Metric	Value
Industry Size (2025E)	USD 16,547 million
Industry Value (2035F)	USD 30,587 million
CAGR (2025 to 2035)	6.3%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	6.2%

Country	CAGR (2025 to 2035)
UK	6.3%

Country	CAGR (2025 to 2035)
EU	6.0%

Country	CAGR (2025 to 2035)
Japan	6.4%

Country	CAGR (2025 to 2035)
South Korea	6.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
Nestlé S.A.	12-16%
Conagra Brands, Inc.	10-14%
Kraft Heinz Company	8-12%
General Mills, Inc.	6-10%
Hormel Foods Corporation	4-8%
Other Companies (combined)	45-55%

Snapshot img

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

Snapshot img

Emergency Food Market Size 2025-2029

The emergency food market size is forecast to increase by USD 5.38 billion at a CAGR of 9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the expansion of the organized retail sector and the increasing preference for organic freeze-dried food options. The organized retail sector's growth is attributed to the convenience and accessibility it offers consumers, making emergency food a more accessible and convenient option in times of need. Additionally, the rising popularity of organic freeze-dried foods reflects a broader trend towards healthier and more sustainable food choices. However, companies operating in this market face challenges related to stringent regulations and guidelines. Ensuring compliance with these regulations can be costly and time-consuming, requiring significant resources and expertise. Navigating these challenges effectively will be crucial for companies seeking to capitalize on the market's growth opportunities. Adhering to these regulations not only builds consumer trust but also ensures the safety and quality of emergency food products. Companies that can effectively address these challenges while delivering high-quality, convenient, and sustainable emergency food solutions will be well-positioned to succeed in this dynamic market.

What will be the Size of the Emergency Food Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of products designed for prolonged food preservation and consumption in various scenarios, including disaster relief efforts, outdoor activities, military use, and personal preparedness. These offerings prioritize extended shelf life, with solutions spanning from freeze-dried to non-freeze-dried options. Key product categories include ready-to-eat meals, dried fruits, non-perishable milk, infant food products, peanut butter, canned juice, and other non-perishable essentials. Market growth is driven by increasing global awareness of the importance of food security and self-sufficiency, as well as advancements in food preservation technology. The market's size is significant, with continued expansion expected due to the broad applicability of these products across various sectors.

How is this Emergency Food Industry segmented?

The emergency food industry research 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. ProductReady to eat mealsNon-perishable pasteurized milkInfant foodDried fruitOthersDistribution ChannelOfflineOnlineEnd-userCivilMilitaryGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Product Insights

The ready to eat meals segment is estimated to witness significant growth during the forecast period.The ready-to-eat meals segment is a significant part of the market. These meals, which do not require cooking or refrigeration, provide a convenient solution during emergencies when food access may be limited or unavailable. Natural disasters, armed conflicts, and other crisis situations highlight the importance of nutritious, shelf-stable food options with extended shelf life. The market's expansion in recent years can be attributed to the growing need for effective food supplies during crises, the rise in natural disasters, and heightened awareness of emergency preparedness. Emergency food products include canned goods, dried fruits, peanut butter, and non-perishable milk, among others. These items are essential for disaster relief efforts, outdoor activities, military use, and personal emergency stockpiles. Effective packaging and preservation techniques ensure food security and maintain the quality of these non-perishable goods. The market caters to various dietary preferences and offers disaster relief supplies, ready-to-eat rations, and survival food packs.

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The Ready to eat meals segment was valued at USD 2.28 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 34% 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 North American market for emergency food products has witnessed significant growth due to increasing concerns over natural disasters, power outages, and the importance of disaster preparedness. Emergency foods, which include ready-to-eat meals with extended shelf lives, are essential during crises for their nutri

The price per unit in the 'Ready-to-Eat Meals' segment of the food market in Luxembourg was forecast to continuously increase between 2024 and 2029 by in total 1.5 U.S. dollars (+10.85 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 15.34 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the revenue in the 'Ready-to-Eat Meals' segment of the food market in the United Kingdom and the price per unit in the 'Edible Oils' segment of the food market in Egypt. The Statista Market Insights cover a broad range of additional markets.

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

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.

Europe's prepared meal manufacturing industry is witnessing significant evolution, driven primarily by shifts in consumer preferences towards healthier, more convenient and sustainable food options. As lives get busier, many Europeans are gravitating towards ready-to-eat meals to save time, without compromising taste or nutritional value. The surge in vegetarian and vegan diets has prompted manufacturers to incorporate more plant-based options to cater to this growing demographic. This changing landscape underscores the industry’s responsiveness to consumer demands, showcasing a blend of innovation and adaptation in meeting the diverse needs of European consumers. Vegan and vegetarian meal options have seen a dramatic surge in popularity across Europe, with countries like Germany reporting a doubling of their vegan population from 2016 to 2020. The UK leads in the consumption of ready meals, highlighting an overarching trend towards convenience that spans across Europe. Furthermore, environmental sustainability has emerged as a pivotal factor influencing consumer choices, encouraging manufacturers to adopt green practices, from sustainable sourcing to eco-friendly packaging. Collectively, these trends point towards a conscious consumer base that values time, health, sustainability and inclusivity in their dietary choices. Nevertheless, the industry has been hampered by massive inflationary pressures, which have caused industry revenue to slump at an estimated compound annual rate of 3.2% over the five years through 2024, reaching €25.8 billion, including a projected 3% slump in 2024 alone. The industry’s outlook is robust, set against a backdrop of growing e-commerce and environmental consciousness. Home-delivered ready-meals are poised for growth, leveraging the power of online shopping to bring convenience and variety right to consumers' doorsteps. Additionally, the push towards sustainability is anticipated to shape the future of meal manufacturing, with companies that prioritise eco-friendly practices expected to gain a competitive edge. As the industry continues to evolve, the focus will likely remain on aligning with consumer values around health, convenience, and sustainability, ensuring that prepared meals not only satisfy hunger but also reflect the conscientious choices of a modern Europe. In all, revenue is set to recover from recent drops, growing at a projected compound annual rate of 3.3% over the five years through 2029.

Snapshot img

Dried Food Market Size 2025-2029

The dried food market size is forecast to increase by USD 8.11 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the health benefits associated with consuming these products. As consumers become more health-conscious, the demand for nutritious and convenient food options has increased. Another trend influencing market growth is the rising popularity of online shopping. The market encompasses a wide range of products, including eggs, instant coffee, fish, and various fruits and vegetables, that undergo the drying process to reduce moisture content and extend shelf life. This trend has made it easier for consumers to purchase dried food products from the comfort of their homes.However, the market also faces challenges, such as increasing product recalls for dried food items due to contamination concerns. Producers must prioritize food safety measures to mitigate these risks and maintain consumer trust. Overall, the market is expected to continue growing, driven by these trends and the ongoing demand for healthy and convenient food options.

What will be the Size of the Dried Food Market During the Forecast Period?

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This market is driven by consumer trends toward on-the-go eating habits and the desire for convenient, nutritious food options. Dried foods retain their nutritive value, making them a popular choice for individuals following regular diets or those with healthcare needs, such as osteoporosis disease. Hybrid drying technologies, which combine traditional methods with modern innovations, are gaining traction In the food-processing sector. These advancements enable the production of ready-to-eat food goods, such as dried plums, which offer added health benefits, like bone protection.
However, the use of artificial food additives in dried food production remains a concern for some consumers. Food preservation through drying is also essential In the production of various processed food items, like cereal products, fruits snacks, vegetable snacks, and freeze-dried food items. The flavor profile and texture of dried foods can be enhanced through innovative processing techniques, ensuring consumer satisfaction and repeat purchases. Overall, the market continues to evolve, catering to diverse consumer preferences and demands.

How is this Dried Food Industry segmented and which is the largest segment?

The dried food 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.ProductFruitsVegetablesMeatPoultry and seafoodDistribution ChannelSupermarkets and hypermarketsConvenience storesOnlineProduct TypeSpray-driedFreeze-driedVacuum-driedSun-driedOtherGeographyNorth AmericaCanadaUSEuropeGermanyUKFranceItalyAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Product Insights

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

The increasing preference for healthier food options is fueling the expansion of the food market, particularly the segment of dried foods. Dried fruits, such as raisins, apricots, apples, mangoes, cranberries, bananas, figs, dates, and prunes, are popular choices. Despite some vitamin C loss during the drying process, these foods retain essential nutrients like fiber, minerals, and antioxidants. Their natural sugars provide energy, making them a superior alternative to processed snacks. Consumers prioritizing health are drawn to dried fruits as nutritious snack alternatives. Drying methods include sun drying, hot air drying, sun radiations, and hot air technology, while hybrid techniques like freeze drying preserve the food's nutritional content and flavor.

Dried foods encompass various categories, including eggs, instant coffee, fish, and processed foods. Cereal products, fruits snacks, vegetable snacks, and ready-to-eat food goods are popular choices. Food preservation through dehydration is essential for adventure sports participants and those with specific nutritional needs. Contamination-free packaged food formulations, such as soups, juices, confectionaries, and bakeries, offer convenience and health benefits. The food-processing sector continues to innovate, developing flavorful, healthy, vegan, gluten-free, and all-natural dried food items.

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The fruits segment was valued at USD 5.5 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% 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 d

Europe's prepared meal manufacturing industry is witnessing significant evolution, driven primarily by shifts in consumer preferences towards healthier, more convenient and sustainable food options. As lives get busier, many Europeans are gravitating towards ready-to-eat meals to save time, without compromising taste or nutritional value. The surge in vegetarian and vegan diets has prompted manufacturers to incorporate more plant-based options to cater to this growing demographic. This changing landscape underscores the industry’s responsiveness to consumer demands, showcasing a blend of innovation and adaptation in meeting the diverse needs of European consumers. Vegan and vegetarian meal options have seen a dramatic surge in popularity across Europe, with countries like Germany reporting a doubling of their vegan population from 2016 to 2020. The UK leads in the consumption of ready meals, highlighting an overarching trend towards convenience that spans across Europe. Furthermore, environmental sustainability has emerged as a pivotal factor influencing consumer choices, encouraging manufacturers to adopt green practices, from sustainable sourcing to eco-friendly packaging. Collectively, these trends point towards a conscious consumer base that values time, health, sustainability and inclusivity in their dietary choices. Nevertheless, the industry has been hampered by massive inflationary pressures, which have caused industry revenue to slump at an estimated compound annual rate of 3.2% over the five years through 2024, reaching €25.8 billion, including a projected 3% slump in 2024 alone. The industry’s outlook is robust, set against a backdrop of growing e-commerce and environmental consciousness. Home-delivered ready-meals are poised for growth, leveraging the power of online shopping to bring convenience and variety right to consumers' doorsteps. Additionally, the push towards sustainability is anticipated to shape the future of meal manufacturing, with companies that prioritise eco-friendly practices expected to gain a competitive edge. As the industry continues to evolve, the focus will likely remain on aligning with consumer values around health, convenience, and sustainability, ensuring that prepared meals not only satisfy hunger but also reflect the conscientious choices of a modern Europe. In all, revenue is set to recover from recent drops, growing at a projected compound annual rate of 3.3% over the five years through 2029.

The volume in the 'Ready-to-Eat Meals' segment of the food market in Pakistan was forecast to continuously increase between 2024 and 2029 by in total 0.2 billion kilograms (+8.1 percent). After the tenth consecutive increasing year, the volume is estimated to reach 2.66 billion kilograms and therefore a new peak in 2029. Notably, the volume of the 'Ready-to-Eat Meals' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Bread' segment of the food market in the United Kingdom and the price per unit in the 'Yogurt' segment of the food market in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

Europe's prepared meal manufacturing industry is witnessing significant evolution, driven primarily by shifts in consumer preferences towards healthier, more convenient and sustainable food options. As lives get busier, many Europeans are gravitating towards ready-to-eat meals to save time, without compromising taste or nutritional value. The surge in vegetarian and vegan diets has prompted manufacturers to incorporate more plant-based options to cater to this growing demographic. This changing landscape underscores the industry’s responsiveness to consumer demands, showcasing a blend of innovation and adaptation in meeting the diverse needs of European consumers. Vegan and vegetarian meal options have seen a dramatic surge in popularity across Europe, with countries like Germany reporting a doubling of their vegan population from 2016 to 2020. The UK leads in the consumption of ready meals, highlighting an overarching trend towards convenience that spans across Europe. Furthermore, environmental sustainability has emerged as a pivotal factor influencing consumer choices, encouraging manufacturers to adopt green practices, from sustainable sourcing to eco-friendly packaging. Collectively, these trends point towards a conscious consumer base that values time, health, sustainability and inclusivity in their dietary choices. Nevertheless, the industry has been hampered by massive inflationary pressures, which have caused industry revenue to slump at an estimated compound annual rate of 3.2% over the five years through 2024, reaching €25.8 billion, including a projected 3% slump in 2024 alone. The industry’s outlook is robust, set against a backdrop of growing e-commerce and environmental consciousness. Home-delivered ready-meals are poised for growth, leveraging the power of online shopping to bring convenience and variety right to consumers' doorsteps. Additionally, the push towards sustainability is anticipated to shape the future of meal manufacturing, with companies that prioritise eco-friendly practices expected to gain a competitive edge. As the industry continues to evolve, the focus will likely remain on aligning with consumer values around health, convenience, and sustainability, ensuring that prepared meals not only satisfy hunger but also reflect the conscientious choices of a modern Europe. In all, revenue is set to recover from recent drops, growing at a projected compound annual rate of 3.3% over the five years through 2029.

Europe's prepared meal manufacturing industry is witnessing significant evolution, driven primarily by shifts in consumer preferences towards healthier, more convenient and sustainable food options. As lives get busier, many Europeans are gravitating towards ready-to-eat meals to save time, without compromising taste or nutritional value. The surge in vegetarian and vegan diets has prompted manufacturers to incorporate more plant-based options to cater to this growing demographic. This changing landscape underscores the industry’s responsiveness to consumer demands, showcasing a blend of innovation and adaptation in meeting the diverse needs of European consumers. Vegan and vegetarian meal options have seen a dramatic surge in popularity across Europe, with countries like Germany reporting a doubling of their vegan population from 2016 to 2020. The UK leads in the consumption of ready meals, highlighting an overarching trend towards convenience that spans across Europe. Furthermore, environmental sustainability has emerged as a pivotal factor influencing consumer choices, encouraging manufacturers to adopt green practices, from sustainable sourcing to eco-friendly packaging. Collectively, these trends point towards a conscious consumer base that values time, health, sustainability and inclusivity in their dietary choices. Nevertheless, the industry has been hampered by massive inflationary pressures, which have caused industry revenue to slump at an estimated compound annual rate of 3.2% over the five years through 2024, reaching €25.8 billion, including a projected 3% slump in 2024 alone. The industry’s outlook is robust, set against a backdrop of growing e-commerce and environmental consciousness. Home-delivered ready-meals are poised for growth, leveraging the power of online shopping to bring convenience and variety right to consumers' doorsteps. Additionally, the push towards sustainability is anticipated to shape the future of meal manufacturing, with companies that prioritise eco-friendly practices expected to gain a competitive edge. As the industry continues to evolve, the focus will likely remain on aligning with consumer values around health, convenience, and sustainability, ensuring that prepared meals not only satisfy hunger but also reflect the conscientious choices of a modern Europe. In all, revenue is set to recover from recent drops, growing at a projected compound annual rate of 3.3% over the five years through 2029.

The Indian Prepared Meals sector is led by Ready Meals, which is the largest market with high growth rate. The sector is driven by the growing demand for convenient and ready-to-eat food products, particularly among the urban consumers, who are time pressed. Although the Indian Prepared Meals sector is growing at a high rate, per capita consumption in the country remains very low when compared to the global and APAC level, which offers significant potential for manufacturers to penetrate. Read More

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Frozen Snack Food Market Size 2024-2028

The frozen snack food market size is forecast to increase by USD 14.6 billion at a CAGR of 6.24% between 2023 and 2028. The market is witnessing significant growth due to several key trends. The increasing popularity of convenient and ready-to-eat food options is driving the demand for frozen snacks. Frozen fish products, such as fish fingers, fish sticks, and fish cakes, continue to be popular choices. Additionally, the rise of e-commerce has made it easier for consumers to purchase a wide range of frozen snacks, including pretzels, croissants, squid rings, frozen momos, and various types of frozen burgers, sausages, and cutlets. However, frequent product recalls due to food safety concerns pose a challenge to market growth. To mitigate this, manufacturers are focusing on implementing stringent quality control measures and adhering to regulatory standards.

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The market is witnessing significant growth, driven by several key trends. One of the most prominent trends is the increasing demand for contactless delivery. With the ongoing pandemic, consumers are preferring to minimize their contact with others, leading to a rise in demand for home delivery services. This trend is particularly prominent in the frozen food sector, as these items can be easily delivered to consumers' doorsteps without compromising their quality. They offer a sustainable alternative to animal protein by providing high-quality vegan sources of protein, catering to the growing demand for plant-based options while supporting diverse consumption needs for health-conscious consumers. Another trend shaping the market is the preference for packaged food items that offer high nutrient levels.

Furthermore, consumers are increasingly conscious of their health and are looking for convenient options that provide essential vitamins, minerals, and other nutrients. Deep-frozen pizza, seafood, poultry, and ready meals are popular choices in this category, as they offer a balanced diet and are easy to prepare. Flavor and variety are also key factors driving the growth of the market. Consumers are always on the lookout for new and unique flavors, and companies are responding by introducing innovative offerings. For instance, frozen pizza brands are experimenting with herb-infused crusts, gourmet toppings, and exotic flavor combinations. Similarly, seafood and poultry brands are offering ready meals with diverse flavor profiles to cater to consumers' evolving taste preferences.

Market Segmentation

The market 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.

Product

  Bakery products/meat substitutes/appetizers
  Meat/poultry/seafood
  Vegetables and fruits


Distribution Channel

  Offline
  Online


Geography

  Europe

    Germany
    UK


  North America

    US


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Product Insights

The bakery products/meat substitutes/appetizers segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products, including chicken fingers and dippers, ready-to-eat meals, frozen sandwiches, and cheese snacks. In recent times, there has been a growing trend towards healthier food choices, leading to an uptick in demand for nutrient-rich options. Consumers are increasingly seeking out snacks that offer high levels of vitamins, minerals, and other essential nutrients. Plant-based alternatives, such as vegan chicken fingers and dippers, have gained significant traction among health-conscious consumers. The shift towards plant-based diets is driven by concerns over food safety and health issues associated with animal-based food products. Vegan consumers eschew all animal-derived ingredients.

Furthermore, this trend is particularly noticeable in developed economies, where the demand for frozen vegan pizzas has risen. Plant-based diets offer numerous health benefits, including a reduced risk of cardiovascular diseases and metabolic disorders. The market caters to this demand, providing a wide variety of flavorful and nutritious plant-based options. In summary, the market is witnessing a shift towards healthier, plant-based options, driven by consumer preferences for nutrient-rich, vitamin-packed snacks. Frozen vegan chicken fingers, dippers, and pizzas are leading the charge, offering consumers delicious and convenient alternatives to traditional animal-based snacks.

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The bakery products/meat substitutes/appetizers segment was valued at USD 14.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Euro