Ready-To-Cook Food Market is Projected to Register a CAGR of 4.3% During the Forecast Period (2020-2027).

Ready-To-Cook Food Market is defined as an animal and plant derived food that is washed, cooked, frozen and processed to be consumed directly after heating. The process saves time and energy of the consumers. People now prefer nutritional small quantity of ready to eat food rather than traditional large meals due to busy lifestyle.

Ready-to-eat food products turned into one of the few industries that witnessed a surge in immense demand during the coronavirus pandemic. With countries on lockdown and most people working from home, ready-to-cook food products were flying off the shelves over the last few months. One of the India-based online grocery stores named Gofers even reported a sale surge of 170% in the ready-to-eat category, 31% in the ready-made meals and mixes category, and 41% in the frozen food category, indicating a sudden consumer shift from home-cooked food to ready-to-eat products. In fact, it is speculated that this change in consumer behaviour is likely to uplift the market studied significantly in 2021 when compared with 2019.

Food products that need some preparation, such as heating or boiling before consumption, fall under the Ready-To-Cook category, while the Ready to Eat category comprises packaged food items that are ready for consumption. Industry experts say the renewed interest in these categories has also been fuelled by the decline in out-of-home consumption of food. Young consumers spend most of their income on convenient ready-to-eat food products. Young consumers are the easiest targets for ready-to-eat food manufacturing giants. The convenience level of such products helps to increase the total demand in the market across the world.

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Key Players:

Orkla ASA
Sisters Food Group
Bakkavor Foods Ltd.
Premier Foods Group Ltd.
ConAgra Foods Inc.
McCain Foods
Nomad Foods Ltd.
Birds Eye Ltd.
Findus Group Ltd.
Greencore Group PLC
General Mills
ITC Limited

The key segments in the report are:

  • India Instant Noodles Market
  • India Instant Pasta Market
  • India Soup Market
  • India Read-To-Mix market
  • Snacks Mix
  • Curry & Dal Mix
  • Dessert Mix
  • Others (Meals, Rice Mix)

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Types:

Meat/Poultry Products
Cereal Based Products
Vegetable Based Products
Others

Applications:

Hypermarket/Supermarket
Convenience/Departmental Store
Specialty Store
Online Store
Others

Key Market Trends

Ready Meals Segment is Driving the Overall Ready-to-Eat Food Market

The growth of the ready meals market is driven by the increase in the convenience offered, in terms of time-saving, and the little effort required for the preparation of these meals. Moreover, the preference for these meals by the working population and millennials has increased, owing to the fact that they only require heating before consumption, which reduces the overall effort. ​With the increasing demand, manufacturers are focusing on developing innovative products to capture the demand and to achieve major market shares. For instance,​ in 2019, Seara Alimentos launched Seara Rotisserie Fit, a low-calorie, low-sodium, preservative-free ready meals range made using fresh ingredients. The low-calorie range has six different flavor options, including one vegetarian.​

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