Mumbai, India – October 01, 2014 – The term ready meal refers to packaged food that has been pre-cooked to a certain extent and can be prepared without much hassle and within a short period of time. Given the rush that modern life is subjected to, ready meals have become a part of everyday life and the ready meal market has been seeing a steady growth in the past few years. At present, the market for ready meal is estimated to reach a value of USD 88 billion by the end of 2015. Current market estimates show that the ready meal market will grow at a CAGR of 4.69% between 2012 and 2016.

This report, Global Ready Meals Market 2014-2018 covers the present scenario and the growth prospects of the global ready meal market for the period 2014-2018. The report has detailed analysis of the market, the key players in the ready meal industry and the practices followed by the leading industries, and the regions which have the highest potential for growth. Along with that, the report also contains details of the challenges that the market is facing at present, and the current market trends.

Key regions for growth
The major regions that are set to experience growth in this industry are North America, Europe, Asia-Pacific, and the countries of the Middle East. At present, USA leads the market. The demand for ready meal is higher in the developed countries; however the countries of Asia-Pacific are fast catching on.

Key market players
Some of the major companies in the ready meal industry are ConAgra Foods, H.J. HeinzÂ, Nestlé, 2 Sisters Food, Advanced Fresh Concepts, BRF, Campbell Soup, Comptior Commercial Alimentaire, General Mills, Greencore Group, GrupoHerdez, Grupo La Moderna, Hormel Foods, JBS, Kraft Foods, Pinnacle Foods Group, Raynal et Roquelaure, Reser's Fine Foods, Sigma Alimentos, Smithfield Foods, The Findus, The Schwan Food, Tipiak, Tyson Foods, Unilever. However, these are just a few companies; there are a lot of other companies that are vying for the market share. The market scenario is quite volatile at the moment, with a lot of companies competing within a tight sphere.

Challenges faced by the industry

However, despite showing rapid growth, the ready meal industry is in no way without its fair share of challenges. The major challenge is the rising health consciousness among people. It has been pointed out that ready meals are a major cause for causing obesity, among other problems. As a result, people are shifting to other alternatives. However, this has also driven the industry to further innovate itself and ensure that health issues are addressed.

For further insights, click here

About Research on Global Markets
Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.

For more details on the content of each report and ordering information, please contact:
Phone: +91 22 4098 7600
E-Mail:[email protected]