Home > Food & Beverages > Processed Food > Convenience Foods > Frozen Cooked Ready Meals Market

Frozen Cooked Ready Meals Market Trends

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

Download Free Sample

Frozen Cooked Ready Meals Market Trends

The frozen cooked ready meals industry has undergone a notable transformation in the past decade. While traditional frozen dinners once dominated, recent years have ushered in a surge of gourmet and artisanal offerings. The quest for healthier meal choices has catalyzed a transition from processed to more natural and organic ingredients.

Moreover, the COVID-19 pandemic acted as a catalyst, propelling the frozen meals market as consumers sought convenient and safe food alternatives during lockdowns. Adapting to shifting eating habits, brands seized the opportunity to diversify their product range and bolster their online visibility. Innovative packaging technologies are extending product shelf life and enhancing convenience, with vacuum-sealed and microwaveable options gaining traction.

Environmental concerns are reshaping market dynamics, prompting brands to embrace sustainable practices, including the use of recyclable materials and initiatives to reduce food waste. The market is seeing the emergence of new players, introducing a wide range of ethnic cuisines and gourmet meal options, addressing the rising appetite for diverse and unique meal experiences.

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.