Dinner Ready-to-Eat Food Market Expansion of Retail Market, Growth Ratio & Analysis-2022-2030

Dinner Ready-to-Eat Food

Global dinner ready-to-eat food market  will grow rapidly in 2021, benefiting from accelerated food preferences and  new product launches. In a new study, Future Market Insights (FMI), the growth is expected to be complemented by APAC countries, with e-commerce sales being favored.

Manufacturers emphasize the incorporation of sustainable solutions to achieve operational efficiencies. For example, 3D printing is advertised as a very lucrative option. Although  3D printed food is still in its early stages, it is likely to become popular on a larger scale.

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Players like Foodini and Biozoon have already entered the global food landscape. Research has found that the addition of 3D printing has the potential to reduce greenhouse gas emissions by more than 90% while using just 1% of the land area, 4% of the water and 45% of the energy. These promising trends are very welcome in the RTE dinner  food market.

 Key Messages

  • Asia-Pacific to Expand Fastest, Europe Maintains Market Dominance in Short-Term Forecast
  • Frozen Ready-to-Eat Foods Post Record Sales, Driven by Rising Instant Food Stocks by Marketers to Survive COVID19 Pandemic
  • Vendors Featured that contain different combinations of nutrients and flavors to appeal to a broader target audience
  • E-commerce is likely to emerge as the most lucrative channel for RTE dine-in groceries over the next forecast period

Information on the impact of COVID19 

In In the In the initial phase, the COVID19 pandemic put significant pressure on the global food supply chain market, owing to the strict logistical restrictions  to contain the spread of the virus. Over the months, those restrictions have eased significantly, raising the growth prospects for  RTE dinners.Experts conclude that  the RTE dinner  food market will continue to enjoy healthy growth despite the recession. Extended lockdowns have resulted in indefinite closures of offices and schools, forcing staff and students to stay indoors, increasing the need for ready meals.

Competitive landscape

Prominent players operating in the global  RTE Dine-in Foods market include General Mills Inc., Findus Group, The Kraft Heinz Company Ltd., Unilever NV, Tyson Food Inc., Sigma Alimentos S.A de C.V., Greencore Group Plc., Nestlé SA, Hormel Food Corporation, Smithfield Food Inc.and TIC Limited.

Product launches, expansion of existing portfolios, strategic cooperation and mergers are some of the strategies of the  companies mentioned in order to be able to survive on the market.

In October 2020, Nestlé announced the acquisition of Freshly, a leading provider of freshly prepared meal delivery services in the United States, for US$950 million. The aim was to improve the distribution networks in order to promote growth opportunities.

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Key Segments

Type

  • Frozen
  • Chilled
  • Canned

 Region

  • North America (U.S and Canada)
  • Latin America (Brazil, Mexico, Argentina and rest of Latin America)
  • Europe (Germany, UK, France, Spain, Italy, BENELUX, Russia, Poland and rest of Europe)
  • Middle East and Africa (GCC, North Africa, South Africa, Turkey and Rest of MEA)
  • East Asia (China, Japan and South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia and Rest of South Asia)
  • Oceania (Australia and New Zealand)