New York, According to a new market research report published by Global Insight Services “Frozen Ready Meal Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Frozen ready meals are prepared meals that are typically frozen in order to preserve them for a longer period of time. These meals are often convenient for those who do not have the time to cook a meal from scratch, or for those who simply do not enjoy cooking. Frozen ready meals can be found in most supermarkets, and they come in a variety of different cuisines and flavors. Some popular frozen ready meals include pizza, pasta, chicken nuggets, and fish sticks.
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Key Trends
The key trends in frozen ready meal technology are convenience, health, and sustainability.
Convenience:
Frozen ready meals are becoming increasingly convenient, as they can be cooked in a matter of minutes and require little to no cleanup. Additionally, many frozen ready meals now come in single-serve portions, which are perfect for busy individuals on the go.
Health:
As consumers become more health-conscious, manufacturers are responding by offering healthier frozen ready meals. These meals often feature fresh, organic ingredients and are lower in calories, fat, and sodium than traditional frozen dinners.
Sustainability:
As the world becomes more environmentally conscious, frozen ready meal manufacturers are beginning to focus on sustainability. Many companies are now using sustainable packaging materials, such as recycled paper or biodegradable plastic.
Key Drivers
The key drivers of the frozen ready meal market are as follows:
1. Increasing busy lifestyles: With more and more people leading busy lives, there is a growing demand for quick and easy meal solutions that can be prepared with minimal effort.
2. Growing number of working women: An increasing number of women are joining the workforce, which has led to a corresponding increase in the demand for quick and easy meal solutions.
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Market Segments
The frozen ready meal market is segmented by type, end-user, and region. By type, the market is classified into vegetarian meals, chicken meals, and others. Based on the end-user, it is bifurcated into food chain services, modern trade, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global frozen ready meal market includes players such as General Mills, Nestle S.A., Dr. Oetker GmbH, McCain Foods Ltd., Conagra Brands Inc., Atkins Nutritionals Inc., California Pizza Kitchen, Connies Pizza, H.J. Heinz, Daiya Foods Inc., and others.
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Reasons to buy Frozen Ready Meal Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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