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Frozen Cooked Ready Meals Market Share

Report ID: GMI11713
Published Date: Oct 2024
Report Format: PDF

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Frozen Cooked Ready Meals Market Share

Frozen Cooked Ready Meals Market Company Share, (2023)

The frozen cooked ready meals industry features a competitive landscape populated by both established giants and innovative newcomers. These players drive the segment's growth through distinct product offerings and strategic maneuvers. Conagra Brands, Inc. distinguishes itself with a broad portfolio, marketing a variety of frozen meals under well-known brands like Marie Callender’s and Healthy Choice, with a clear emphasis on convenience and health. Dr. Oetker, on the other hand, is celebrated for its dedication to quality and tradition, particularly in frozen pizzas and meals that appeal to family-oriented consumers across North America and Europe.

FRoSTA AG has successfully carved a niche by prioritizing sustainability and natural ingredients, resonating with health-conscious consumers who value transparent sourcing and eco-friendly practices. General Mills, Inc., capitalizing on its robust brand equity, offers products like Banquet and Pillsbury, focusing on delivering comforting meals tailored for busy families. Innocent Foods Co., with its emphasis on frozen plant-based meals, is strategically targeting the expanding vegetarian and vegan demographic, aligning seamlessly with the trend towards healthier, plant-centric diets.

Frozen Cooked Ready Meals Market Companies

Top companies operating in the frozen cooked ready meals industry include:

Conagra Brands
Dr. Oetker
FRoSTA
General Mills
Pinnacle Foods
Kerry Group
Kraft Heinz
Nestlé
Simplot Global Food

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of frozen cooked ready meals reached USD 42 billion in 2023 and is projected to grow at a 5.5% CAGR from 2024 to 2032, led by evolving consumer lifestyles and increased demand for convenience foods.

The vegetarian meals segment was valued at USD 17.6 billion in 2023 and is anticipated to grow at a CAGR of 5.4% from 2024 to 2032, driven by the increasing adoption of plant-based diets for health and environmental reasons.

The trays segment was valued at USD 13 billion in 2023 and is projected to expand at a CAGR of 6.1% from 2024 to 2032, favored for their attractive meal presentation and ease of heating.

The North America market crossed USD 16.3 billion in 2023 and is poised to witness a CAGR of 5.9%, supported by high consumer spending, fast-paced lifestyles, and a strong preference for convenience foods.

Top companies in the industry include Conagra Brands, Dr. Oetker, FRoSTA, General Mills, Innocent Foods, Kerry Group, Kraft Heinz, Nestlé, and Simplot Global Food.