The global Ready-To-Eat Food Market, valued at USD 172.5 million in 2022, is projected to experience significant growth, reaching USD 258.7 million by 2031. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2031.
Ready to Eat (RTE) food refers to pre-packaged meals or food products that require minimal to no preparation before consumption. These foods are typically fully cooked and may only need to be heated or can be eaten directly from the packaging. RTE foods are designed for convenience, offering a quick and easy solution for individuals with busy lifestyles, limited cooking skills, or those seeking a fast meal option. They come in various forms, including refrigerated, frozen, canned, or vacuum-sealed products, and encompass a wide range of cuisines and dietary preferences. The primary advantage of RTE foods is their ability to save time while still providing a nutritious and satisfying meal.
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Ready to Eat Food Market Growth Trends
Increasing Working Women Drive Growth in Ready-to-Eat Food Market
According to Teamstage.io, women made up 47.7% of the global workforce in 2020. As more women join the workforce, the demand for time-saving meal solutions has risen. Working women, often pressed for time due to professional commitments, find ready-to-eat food to be a convenient alternative. These meals eliminate the need for meal planning, grocery shopping, and cooking, allowing working women to quickly and easily access nutritious, ready-made meals.
Segment Analysis:
By Food Type:
Fruits & Vegetable-Based
Cereal-Based
Meat
Poultry
Others
By Packaging:
Frozen
Canned
Chilled
Retort
Others
By Distribution Channel:
Hypermarket/Supermarket
Convenience Stores
Online Sales
Others
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Key Players:
Bakkavor Foods Ltd
McCain Foods
2 Sisters Food Group
Orkla ASA
ITC Limited
General Mills Inc
Premier Foods Group Ltd
Nomad Foods Ltd
Nestle
Conagra Brands Inc
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