Microwavable Food Market, By Product (Shelf Stable Microwavable Food, Chilled Food, and Frozen Food), By Packaging Technology (Patterned Susceptors Technology, New Tray-Lidding Methods, and New Cook Bag Technique), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI91619 | Publish Date: March 2024 | No. of Pages: 180

Global Microwavable Food Market By Overview

Introduction

Microwavable Food Market was valued at US$ 148.3 Billion in 2024 and is projected to grow at a CAGR of 13.20% to reach US$ 459.1 Billion by 2034.

Microwavable food refers to pre-packaged meals that can be easily prepared in a microwave oven. These items' ease of use, speedy preparation times, and convenience have made them increasingly popular. Because people's lives are busy and they need more time-saving and convenient eating options, the microwaveable food market has grown significantly.

Dividing this target market into segments:

Microwavable Food Market is segmented based on Type, Application and Region.

Product Insight

On the basis of Product, the target market is segmented into Shelf Stable Microwavable Food, Chilled Food, and Frozen Food.

Packaging Technology Insight

On the basis of Packaging Technology, the target market is segmented into Patterned Susceptors Technology, New Tray-Lidding Methods, and New Cook Bag Technique.

Global Microwavable Food Market By Dynamics

Drivers

Restrains

Convenience and Time-Saving

Perception of Unhealthy Ingredients

Product Innovation

Quality and Taste Concerns

Urbanization and Workforce Dynamics

Regulatory Compliance

Changing Consumer Preferences

 

Global Microwavable Food Market By Segmentation

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. The North American region, including the United States and Canada, has been a significant market for microwavable foods. The busy lifestyles of consumers, along with a high level of acceptance of convenience foods, contribute to the popularity of microwavable options.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. The Asia-Pacific region, including countries like China, Japan, and India, has shown a growing interest in microwavable foods. Urbanization, a rising middle class, and an expanding workforce contribute to the demand for quick and easy meal solutions.  

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Shelf Stable Microwavable Food, Chilled Food, and Frozen Food

By Packaging Technology - Patterned Susceptors Technology, New Tray-Lidding Methods, and New Cook Bag Technique

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Global Microwavable Food Market By Key Players

The key players operating the Microwavable Food Market includes, McCain Foods, The Kraft Heinz Company, Pinnacle Food Inc., Nestle SA, Kellogg Company, Ajinomoto Windsor, Inc., General Mills Inc., ConAgra Foods, Inc., Unilever Plc, and Campbell Soup Company.  

Recent Development:

             The New Launched Product News,

  • In October 2022, Samsung expanded its home appliances range with the launch of the new Pickle Mode Microwave. The manufacturer states that customers may create their own picks without having to manually sun-dry them by using the new microwave. With the pickle mode on the new Samsung microwave, consumers can produce a variety of pickles year-round in the comfort of their own homes while maintaining hygienic conditions.
  • In November 2022, prepared foods brand bibigo launched microwavable multigrain rice bowls to its Southeastern Asian-inspired portfolio. The US food operations division of the Korean company CJ Cheiljedang, Bibigo operates under CJ Foods USA Inc. Bibigo's multigrain rice bowls are made with non-GMO ingredients and take 90 seconds to prepare in the microwave. The four varieties are brown rice and quinoa with garlic; brown rice and jasmine rice; brown rice and wild rice with garlic; and brown rice, wild rice, and red rice with onion.

In April 2020, Garden Fresh salsa founder launched new microwavable meals. Aronson's Royal Oak-based Clean Planet Foods Company produced the meals. The main goal of Clean Planet Foods is to create wholesome, chef-inspired proteins and other dishes. Microwavable, BPA-free pouches come in five varieties: grilled chicken and broccoli over rice; fajita chicken and vegetables over rice; chicken with corn over rice; and beef or cheese tortellini in a tomato sauce. By the end of the week, two vegan alternatives should be added to the menu.

Global Microwavable Food Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product
    • Market Snippet, By Packaging Technology
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Shelf Stable Microwavable Food
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chilled Food
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Frozen Food
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Packaging Technology, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Patterned Susceptors Technology
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • New Tray-Lidding Methods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • New Cook Bag Technique
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Packaging Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Packaging Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Packaging Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Packaging Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Packaging Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • McCain Foods,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Kraft Heinz Company,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Pinnacle Food Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nestle SA,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kellogg Company,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ajinomoto Windsor, Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Mills Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ConAgra Foods, Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Unilever Plc,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Campbell Soup Company.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

 The Last Word            

  • Future Impact
  • About Us
  • Contact

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