Global Industry Trends, Share, Growth, Opportunities & Forecast – Stillwater Current
According to the latest IMARC Group report, entitled “Ready-to-Eat (RTE) Foods Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026», The global ready-to-eat (RTE) food market reached a value of US $ 162 billion in 2020. Ready-to-eat (RTE) food refers to food products made by washing, cooking, processing, freezing and packaging ingredients in containers. that do not require any additional preparation. These food products are supplemented with antioxidants, preservatives and flavorings to improve their quality and extend their shelf life. Today, there is a wide variety of RTE foods available around the world, including meat products, shelf-stable foods, desserts, dairy products, baked goods, and powder mixes.
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The global ready-to-eat (RTE) food market is primarily driven by the growing workforce and their fast-paced lifestyles. For this reason, they spend more and more on processed and ready-made food products, the preparation of which requires a minimum of time and ingredients. In addition, several manufacturers are introducing innovative RTE food variants, rich in functional elements and meeting diverse nutritional needs. Additionally, rapid urbanization, growing number of Quick Service Restaurants (QSRs) and expanding online retail networks are some of the other factors driving the market growth. Looking ahead, IMARC Group expects the market to grow at a CAGR of 5.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
- Food Group 2 Sisters (Boparan Holdings)
- ADF Foods Ltd.
- Bakkavor Foods Ltd.
- Birds Eye Ltd.
- Findus Group Ltd.
- General Mills Inc.
- Greencore Group Plc.
- ITC Limited
- McCain Foods
- MTR Foods Pvt Ltd. (Orkla ASA)
- Nomad Foods Ltd.
- Premier Foods Group Ltd.
Ready-to-eat (RTE) food market Segmentation:
Breakdown by product type:
- Meat / poultry
- Fruit / vegetable based
Breakdown by type of packaging:
- Frozen / Refrigerated
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Convenience Stores
- Specialty food stores
- Department stores
- Online stores
Breakdown by region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
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