Ready to Eat Food Market By Product Type (Meat and Poultry, Fruits and Vegetable, Cereal, and Snacks), By Packaging Type (Canned, Frozen or Chilled, and Retort), and By Distribution Channel (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, and Online Store), and By Region - Trends, Analysis and Forecast till 2034

Ready to Eat Food Market was valued at USD 210.9 Billion in 2024 and is projected to grow at a CAGR of 9.7% to reach USD 489.3 Billion by 2034.

Ready to eat foods are food products that require no further processing to ensure their safety. These are packaged cooked food.  According to FDA (Food and Drug Administration) safety regulations to avoid foodborne diseases, refrigerator should be set at 40 degrees Fahrenheit for opened meat meal packages. Dairy products have variation in its storage requirements. These food products have been prepared according to food code requirements.

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Changing customer preferences towards instant food, coupled with numerous food delivery apps are major factors driving growth of the global ready to eat food market. In addition, rising disposable income across the globe, along with busy lifestyle of working class consumers are propelling growth of the global ready to eat food market. Furthermore, growing employment in urban areas in turn creating demand for ready to eat food which is supporting target market growth. However, increasing health consciousness among the individuals is one of the major restraining factor hampering growth of the global ready to eat food market. Innovative product offerings in functional ingredients, convenience, and organic foods across the globe are expected to create lucrative growth in the target market.

Ready to eat food market has been segmented on the basis of product, packaging, distribution channel, and region.

On the basis of product, the target market is classified into meat and poultry, fruits and vegetable, cereal, and snacks. Based on packaging type, the target market is bifurcated into canned, frozen or chilled, and retort. On the basis of distribution channel, the target market is categorized into hypermarket/supermarket, convenience/departmental store, specialty store, and online store.

Regional Insights:

On the basis of region, the ready to eat food market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the ready to eat fast food market in terms of revenue. The U.S is the largest market in North America due to technological innovations, busy lifestyles, and high disposable incomes in the country which is leading to drive demand for ready to eat food products. The market in Europe region is expected to hold significant share in the global ready to eat food market and expected to register lucrative growth rate over the forecast period. Asia Pacific ready to eat food market is expected to register fastest growth in terms of revenue as compared to that of other regions. This is due to increasing adoption for ready to eat food in emerging economies such as India, China in this region.

Key players in the ready to eat food market includes Nomad Foods Ltd., McCain Foods, Bakkavor Foods Ltd., ConAgra Foods Ltd., Premier Foods Group Ltd., Orkla ASA, General Mills Inc., Greencore Group Plc., ITC Limited, and 2 Sisters Food Group Limited.