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

Microwavable Food Market was valued at USD 148.3 Billion in 2024 and is projected to grow at a CAGR of 13.20% to reach USD 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.

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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:

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.

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.