Frozen Ready Meal Market

Frozen Ready Meal Market: Chicken Meals to Witness High Sales through 2026: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)

Refrigeration plays a pivotal role in the operational workflow of global supply chain for food products and beverages. Freezing and frozen storage has also gained importance for being a key component in the global value chain of food & beverage products. Over the years, growing accessibility to refrigerated storage units has strengthened the global cold chain and created stable grounds for production and sales of frozen ready meals. In addition consumers are also growing inclined towards consumption of frozen ready meals, particularly due to easy preparation, low nutrition loss, and extended product life. From meat, poultry and fish to vegetables and fruits, frozen ready meals are gaining popularity across several consumer marketplaces in the world.

According to Future Market Insights, the demand for frozen ready meals has witness a considerable traction in the recent past. Key findings from the forecast study reveal that during the forecast period, 2017-2026, a slew of factors are expected to influence the growth of the global frozen ready meals market. During this period, the global frozen ready meals market is assessed to expand at 4.3% CAGR, registering an estimated valuation of over US$ 47 Bn by the end of 2026.

frozen ready meal market

Factors Influencing the Demand for Frozen Ready Meals

Quality and safety of meals are the two primary factors influencing the production of frozen ready meals. Companies partaking the global frozen ready meal competition landscape are employing advanced packaging solutions to cater to the effective distribution of frozen ready meals. The report has also addressed factors such as infrastructure irregularities, lack of proper standardization, and health concerns as the key impediments for the growth of the global frozen ready meals market. The overall demand for frozen ready meals is expected to witness moderate gains in the foreseeable future. Inaccessibility to utilities for thawing these meals is driving the consumers away, while companies are struggling to control the impact of refrigeration on food quality.

Regulatory bodies have employed diverse standards and following them is becoming a challenge for market players. Growing awareness regarding risks of frozen ready meals have been curbing the overall sales, while logistics complexities are also downgrading the expected expansion of the global frozen ready meals market.

High Demand for Chicken Meals to Drive Market Growth through 2026

The report projects that several impediments will curb the global frozen ready meals market from expanding vigorously. However, the demand for frozen ready chicken meals will continue to gain traction and translate into robust revenue growth. By the end of 2026, over one-third of global frozen ready meals market value will be attained by the sales of chicken meals. The report further reveals that food chain services will be the leading end-users of frozen ready meals. In 2017, nearly US$ 12 Bn worth of frozen ready meals will used by food chain services across the globe. The demand for frozen ready meals among modern trade outlets is also poised to gain traction.

The report further reveals that Asia-Pacific excluding Japan (APEJ) region will be at the forefront of global frozen ready meals market expansion through 2026. Nearly half of the overall frozen ready meals produced in the world will be sold in the APEJ region. The report also reveals North America and Europe as lucrative marketplaces for frozen ready meals. Key companies in the global frozen ready meals market are pegged to increase their presence in these regions. These players include, General Mills, Nestle S.A., McCain Foods Ltd., Dr. Oetker GmbH, Daiya Foods Inc., Connies Pizza, Conagra Brands, Inc., Atkins Nutritionals, Inc., California Pizza Kitchen, H.J. Heinz, and FRoSTA AG.

The report on global frozen ready meal market published by Future Market Insights offers 10-years forecast. The key objective of this report is to deliver insights on developments and changing undercurrents in frozen ready meals market. The comprehensive study demonstrates dynamics of the market by addressing the factors influencing the present environment and future growth of the global frozen ready meal market over the assessment period. The report aims to deliver updates on drivers, value forecasts, restraints, trends as well as opportunities for the players operating in the global frozen ready meal market.

Global Frozen Ready Meals Market: Segmental Analysis

The first section of the global frozen ready meal market report comprises of an executive summary coupled with comprehensive definition as well as taxonomy of the global aircraft tires market. The dynamics of the market have been categorized into trends, drivers, market opportunities, restraints in the market. To determine the market attractive index, market segments have been studied through BPS analysis, which has been included in the report distinctly. To reveal the new opportunities in the global frozen ready meal market, the report has employed vital metrics such as CAGRs and absolute dollar opportunity. Y-o-Y growth and BPS analysis is highlighted in the report to deliver a detailed section on the market outlook and regional adoption to concentrate on the performance of the global frozen ready meal market. The report also forecasts Y-o-Y growth along with the key drivers that influence regional frozen ready meal market.

Another section in the report discusses market competition and highlights various factors shaping the internal and external competition in the market. Rising number of small domestic players and large number of providers of frozen ready meal resulted in high internal competition between manufacturers of frozen ready meal. The global frozen ready meal market is experiencing an external competition from number of distributors of raw material as well as other food processors that are adopting backward and forward integration strategies and further improving their own facilities to manufacture frozen ready meal products. Further, different industry barriers are analyzed and rated on the basis of their influence on the competition levels in the market.

The last section in the report compresses a competitive landscape to deliver readers with a dashboard view of frozen ready meal manufacturers, material suppliers, and retailers operating in the global frozen ready meal market. Detailed profiles of various competitors has been included in the report to evaluate their short-term and long-term strategies, recent developments, and key offerings in frozen ready meal market.

Market Taxonomy

The report has segmented the market on the basis of product-type, end-user, and region. The global frozen ready meal market taxonomy has been illustrated below.

Region

Product Type

End User

  • North America

  • Vegetarian Meals

  • Food Chain Services

  • Latin America

  • Chicken Meals

  • Modern Trade

  • Europe

  • Beef Meals

  • Departmental Stores

  • Japan

  • Other Meals 

  • Online Stores

  • APEJ

 
  • Other Distribution Channel

  • MEA

 

 

Research Methodology

Future Market Insights has directed this study to create credible insights and put forth presumptive scenarios that can help manufacturers of frozen ready meals attain better assessment of the future. Robust research methodologies have been employed in the development of this report. The findings and market size estimations have been validated through a series of authentic data screenings and quality checks. The scope of the report is to provide detailed competition assessment and reveal the key strategies of each market player. Companies can refer to the inferences provided in the report to plan their next steps towards future market direction