Amid the COVID-19 pandemic, the global dinner ready-to-eat food market is experiencing a northward shift, supported by accelerating efforts by manufacturers to introduce innovative flavor and nutrient combinations in lieu of rapidly shifting preferences for health enhancing foodtuffs.
According to research, 31% of the consumers purchase health-tailored food, while half of them demand report preference for food & beverages containing naturally beneficial ingredients.
General Mills, for instance, launched the Elf Cereal containing real maple syrup in September 2020. Similarly, in October 2020, Jack in the Box and Raised & Rooted introduced the Unchicken burger series at select locations.
Adoption of 3D Printing Technologies Growing
Additive manufacturing is making inroads in the food & beverage industry, with 3-D food printing slated to emerge as an important manufacturing technique in forthcoming years. Existing 3-D food printers include Natural Machines’ Foodini and Biozoon, which can transform food ingredients into a healthy puree called Smoothfood.
A study by Maastricht University, the Netherlands, has concluded that 3D-printed meat can reduce greenhouse gas emissions by over 90%, utilizing just 1% of land, 4% water and 45% energy. Such trends are likely to propel the dinner RTE foods market in a positive direction.
Frozen Food Hold Sway
Frozen dinner RTE food are surging in popularity, accounting for nearly one-third of the revenue share as of 2019. The lucrativeness is likely to continue, fueled by spurring need to stockpile essential food to sail through the COVID-19 pandemic.
Demand for frozen food is also growing on account of their long shelf-life. As consumers look to reduce uncertainty, frozen has emerged as a feasible solution. These preferences are also boosting the category in dinner RTE market.
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Asia-Pacific Countries as New Growth Frontiers
Asia-Pacific is likely to emerge as the fastest growing market, experiencing steady expansion across 2030. China and India are expected to pivot growth, with both countries reaching multi-billion-dollar valuation
High incidence of COVID-19 infections has compelled consumers to hoard instant food, leading to enhanced sales.
Europe is expected to remain lucrative, with demand witnessing substantial upsurge in the post-pandemic scenario. Demand is largely sustained due to e-commerce penetration. For instance, in the UK, Nomad Food experienced a 20% business acceleration during the pandemic, as opposed to 12% in pre-pandemic times.
Dinner RTE Food Market Players
FMI has profiled the following prominent dinner RTE food market players*:
- Findus Group
- Tyson Food Inc.
- JBS, General Mills Inc.
- Koninklijke Philips N.V.
- Greencore Group Plc
- The Kraft Heinz Company
- Unilever NV
- Smithfield Food Inc.
- Schwan’s Shared Services
- Nestle SA
- ITC Limited
- Hormel Food Corporation
*This list is indicative- full details about the dinner RTE food players are available upon request.
New product launches, expansion of existing portfolios, strategic collaborations and mergers are some of the strategies employed by the aforementioned companies so as to remain afloat in the market.
Dinner RTE Food Industry Report: Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered
U.S., Canada, Brazil, Mexico, Germany, U.K, France, Spain, Italy, BENELUX, Russia, China, India, Japan, South Korea, ASEAN, South Africa, Northern Africa, Australia & New Zealand, GCC and Turkey
Key Segments Covered
Key Companies Profiled
Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, Hormel Food Corporation and others.
Market Overview, Key Trends, Success Factors, COVID-19 Impact Analysis, Demand Analysis, Segmental Overview, Regional Profiling. Market Structure Analysis & Competition Analysis
Customization & Pricing
Key questions answered in the report
- How will dinner ready-to-eat food market grow in the future?
According to Future Market Insights (FMI) the dinner RTE food market will continue to surge in the near-term forecast, driven by the introduction of unique flavour and nutrient rich combination foodtuffs to address increasing health concerns amid COVID-19
- What trends influence the dinner RTE food market?
Rapid technological advancements such as the incorporation of additive manufacturing is generating high growth opportunities in the dinner RTE food market. FMI’s research concludes that additive manufactured food products, especially meat, could lead to immense energy and resource conservation, leading to sustainable outcomes
- Which is the most extensive marketed dinner RTE food category?
The frozen dinner RTE food segment is expected to hold maximum sway throughout the forecast period. Enhanced longevity is the main reason for its burgeoning sales. Consumers have been stocking up on essential supplies since the pandemic’s onset, including instantly cook-able food, thus heightening growth prospects
- How is COVID-19 impacting the dinner RTE food market?
In the initial stages, the COVID-19 pandemic exerted significant pressure on the global food supply chain, attributed to tight restrictions on logistics to curb spread of the virus. As the months passed, these restrictions have eased significantly, elevating growth prospects for dinner RTE food.
Experts conclude that in-spite of the recessionary downturn, the dinner RTE food market will continue enjoying healthy growth. Prolonged lockdowns have led to an indefinite shutdowns of office premises and educational institutions, compelling employees and students to remain indoors, thus accelerating the need for instant food
- Which are the leading RTE food manufacturers?
Prominent players in the global dinner RTE food market include Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, Hormel Food Corporation and others.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the dinner RTE food market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
- Europe (Germany, U.K., France, Spain, Italy, BENELUX, Russia, Poland & Rest of Europe)
- Middle East & Africa (GCC, Northern Africa, South Africa, Turkey & Rest of MEA)
- East Asia (China, Japan & South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia & Rest of South Asia)
- Oceania (Australia & New Zealand)