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Western Europe ready to eat meat market value exceeded USD 37.5 billion in 2020 and is estimated to grow at a CAGR of over 7% between 2021 and 2027. Changes in the snacking trends such as a switch from consumption of unhealthy junk food to healthy on-the-go meat products with high nutritional value coupled with greater periods of time spent by the younger generation outside their home will boost demand for ready-to-eat meat products over the forecast timeframe.
The increasing number of small-size households such as single and double-person households in Western Europe such as Germany, the UK, and France, among others, is likely to increase the dependence of consumers on these products. Growing protein requirements by the increased millennial population and the rising spending capacity in the Western European countries are likely to favor ready to eat meat market over the forecast period.
Report Attribute | Details |
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Base Year: | 2020 |
Western Europe Ready-to-Eat Meat Market Size in 2020: | 37.83 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 7% |
2027 Value Projection: | 63.5 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 157 |
Segments covered: | By Product, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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Furthermore, the sudden outbreak & rapid transmission of the COVID-19 infection has highlighted the significance of social distancing, thus encouraging consumers to stay indoors and avoid incidences of dining outside in hotels and restaurants. A significant decline in dining out in hotels and restaurants in Western Europe is expected to raise the ready-to-eat meat market share during the forecast period.