Global Instant Meals Market, By Product Type (Instant Breakfast/ Cereals, Instant Soups and Snacks, Instant Baked Goods, Instant Meat Products and Others), Packaging Type (Canned, Frozen or Chilled, Retort and Others), Distribution Channel (Hypermarket/ Supermarket, Convenience/ Departmental Stores, Specialty Stores, Online Stores and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Instant Meals Market
Data Bridge Market Research analyses that the global instant meals market will project a CAGR of 5.50% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality and nutritional ready to eat breakfast food items, and increasing personal disposable income by the major companies are the major factors attributable to the growth of instant meals market. Therefore, the market value was USD 244.24 billion by 2028 from USD 159.15 billion in 2020.
From the name itself, it is clear that instant meals are the food items that require minimal preparation before they are ready for consumption. Instant meals are ready for consumption just by adding hot water or milk to them. Instant meals don’t require more than five minutes to get fully prepared. Instant meal can be categorised under convenience food.
Rising working population base in the urban areas and surge in the demand for packaged foods are the major factors fostering the growth of the instant meals market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing popularity of convenient food among the youngsters and rising focus of the manufacturers on the launch of new and innovative products are other important factors acting as instant meals market growth determinants. Rising expenditure to undertake research and development proficiencies, surging availability of minimally processed and additive-free food products, growing willingness to spend on such food along with the lack of time to cook at home, rising female population at workplaces will further induce growth in the instant meals market value.
However, large scale availability of substitutes will pose a major challenge to the growth of the instant meals market. High costs associated with the research and development proficiencies and increasing cases of failed quality tests will also hamper the instant meals market growth rate. Rising health concerns, negative perceptions pertaining to health effects of these products and disruptions in the supply chain management will yet again derail the instant meals market growth rate.
This instant meals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on instant meals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Instant Meals Market Scope and Market Size
The instant meals market is segmented on the basis of product type, packaging type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the instant meals market has been segmented into instant breakfast/ cereals, instant soups and snacks, instant baked goods, instant meat products and others.
- On the basis of packaging type, the instant meals market has been segmented into canned, frozen or chilled, retort and others.
The distribution channel segment of the instant meals market has been segmented into hypermarket/ supermarket, convenience/ departmental stores, specialty stores, online stores and others.
Instant Meals Market Country Level Analysis
The instant meals market is analyses and market size, volume information is provided by country, product type, packaging type and distribution channel as referenced above.
The countries covered in the instant meals market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the instant meals market and will continue to during the forecast period owing to the strong demand for ready-to-eat food products and meals. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of food and beverages industry, growth in the working population base and increasing personal disposable income.
The country section of the instant meals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Instant Meals Market Share Analysis
The instant meals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to instant meals market.
The major players covered in the instant meals market report are Nestlé, Unilever, Conagra Brands., Nomad Foods, McCain Foods Limited, BAKKAVOR GROUP PLC, General Mills Inc., CAMPBELL SOUP COMPANY., Vinayak Foods Group, The Kraft Heinz Company, CSC BRANDS, L.P., Hormel Foods Corporation, Tyson Foods, Inc., Fleury Michon, BIRDS EYE LIMITED, FINDUS, ITC Limited, 2 Sisters Food Group., Greencore Group plc, Orkla. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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