Ready To Cook Food Market | Contrive Datum Insights

Global Ready-to-Cook Food Market size was valued at USD 12.4 Billion in 2022 and is projected to reach USD 15.4 Billion by 2030, growing at a CAGR of 6.9% from 2022 to 2030.

Ready To Cook Food Market Overview:

With the country on lockdown and most people working from home, ready-to-eat food has fallen off the shelves over the past few months. One India-based online grocery store called Grofers reported a surge in sales in 2020 of 170% in the ready-to-eat category, 31% in the ready-to-eat and mixes category, and 41% in the frozen food category. , indicating a sudden shift of consumers from home-cooked foods to ready-to-eat products. In fact, these shifts in consumer behavior are speculated to significantly boost the market investigated in the forecast period.

Younger consumers spend most of their income on convenience, ready-to-eat food. Young consumers are the easiest targets for ready-to-eat food manufacturing giants. The level of convenience of these products helps to increase the aggregate demand in markets around the world.

Ready-to-eat foods are considered the closest alternative to regular foods that can be consumed at any time (eg during breakfast, lunch, or dinner). Initiatives taken by regulators, such as ongoing promotional efforts undertaken by the Singapore Health Promotional Board to raise awareness of frozen ready-to-eat and fish products, are driving market growth.

Key Market Updates:

• In July 2021, Riviana Foods Inc., a division of Ebro Foods based in Madrid, Spain, launched Success Garden & Grains Blends, its first boil-in-bag product that combines rice with simple ingredients. Success Garden & Grains Blends are available in two flavors: White Rice, Black Bean, Corn and Bell Pepper and White Rice, Pea, Carrot, and Red Bell Pepper.
• In August 2021, the Nestlé-owned brand Freshly launched its first fully vegan meal line. Under the new Purely Plant menu, the chef-prepared meal delivery service offers six options developed to showcase the nutritional benefits and delicious potential of plant-based foods.
• In November 2020, seed and nut producer Whitworths introduced plant-based ready-to-eat meals, an option suitable for vegan consumers. Each 250g pack of product contains 20g of vegetable protein from pulses and grains such as pinto beans, quinoa, lentils and wheatberries.

Major Market Segments Covered in Ready To Cook Food Industry Research:

• MTR Foods
• Gits
• Kohinoor
• Nevil Foods
• McCain Foods (India)
• Prabhat Poultry
• DEEPTHI FOODS AND FORMULATIONS
• Godrej Tyson Foods
• Nestle (Maggi)
• ITC India
• General Mills
• ADF Foods
• Haldiram
• Others.

Key Vendors:

1. MTR Foods: MTR Foods is an Indian food products company known for its wide range of packaged food offerings. The company specializes in ready-to-eat meals, spice mixes, breakfast mixes, snacks, desserts, and beverages. MTR Foods is known for its authentic Indian flavors and traditional recipes.

2. Gits: Gits is another prominent Indian food brand that offers a variety of ready-to-cook and ready-to-eat food products. The company is known for its instant mixes, including preparations for snacks, sweets, desserts, and traditional Indian dishes. Gits products are popular for their convenience and taste.

3. Kohinoor: Kohinoor is a well-known brand in the Indian food industry, particularly for its rice products. The company offers a range of premium rice varieties, including basmati rice, as well as ready-to-eat curries, spice mixes, and other culinary products. Kohinoor is recognized for its high-quality and flavorful rice offerings.

4. Nevil Foods: Nevil Foods is a food company based in India that focuses on manufacturing and distributing a wide range of frozen food products. The company offers frozen snacks, appetizers, ready-to-eat meals, and desserts. Nevil Foods caters to both domestic and international markets, providing convenient and tasty frozen food options.

5. McCain Foods (India): McCain Foods is a global food company with a presence in India. It specializes in frozen food products, particularly frozen potato products like French fries, wedges, and potato-based snacks. McCain Foods (India) is known for its quality and extensive range of frozen potato offerings.

By Type:

• Low Moisture Food
• Medium Moisture Food
• High Moisture Food
• Other

Low-Moisture Foods

Low-moisture foods typically have a moisture content of less than 20%. They are often dry and hard, and they have a long shelf life. Low-moisture foods are a good source of energy and nutrients, and they are often used as snacks or ingredients in other dishes.

Some examples of low-moisture foods include: Nuts, Seeds, Grains, Dried fruits, Vegetables, Beans, Lentils, Tofu, Tempeh.

Medium-Moisture Foods

Medium-moisture foods typically have a moisture content of 20-50%. They are often soft and moist, and they have a shorter shelf life than low-moisture foods. Medium-moisture foods are a good source of vitamins, minerals, and fiber, and they are often eaten fresh or cooked.

Some examples of medium-moisture foods include: Fruits, Vegetables, Yogurt, Milk, Cheese, Eggs, Fish, Meat.

High-Moisture Foods

High-moisture foods typically have a moisture content of greater than 50%. They are often soft and juicy, and they have a very short shelf life. High-moisture foods are a good source of water, and they are often eaten fresh or frozen.

Some examples of high-moisture foods include: Soups, Stews, Casseroles, Pasta dishes, Rice dishes, Potatoes, Corn, Popcorn, Ice cream, Sorbet.

Other

There are also a number of foods that do not fit neatly into the categories of low-moisture, medium-moisture, or high-moisture. These foods may have a moisture content that falls somewhere in between, or they may have a variable moisture content depending on the way they are prepared.

Some examples of these foods include: Condiments, Snack foods, Bakery goods, Frozen foods,Canned foods

The moisture content of food can affect its shelf life, taste, texture, and nutritional value. It is important to consider the moisture content of food when choosing and preparing food.

By Application:

• Retail
• Supermarket and Hypermarket
• Online
• Other

Sure, here is a more detailed description of retail, supermarket and hypermarket, online, and other types of retail:

Retail

Retail is the sale of goods or services to consumers. Retailers typically sell a wide variety of products, including food, clothing, electronics, and home goods. Retailers can be found in a variety of settings, including brick-and-mortar stores, online stores, and vending machines.

Supermarket and Hypermarket

Supermarkets and hypermarkets are large retail stores that sell a wide variety of food and non-food items. Supermarkets typically have a smaller footprint than hypermarkets, and they focus on selling food and household items. Hypermarkets, on the other hand, have a larger footprint and they sell a wider variety of products, including electronics, clothing, and home goods.

Online

Online retail is the sale of goods or services through the internet. Online retailers typically have a wider selection of products than brick-and-mortar retailers, and they often offer lower prices. Online retailers can be accessed from anywhere in the world, and they offer a convenient way for consumers to shop.

Other

There are a number of other types of retail, including convenience stores, department stores, specialty stores, and warehouse clubs. Convenience stores are small stores that sell a limited variety of goods, such as food, drinks, and cigarettes. Department stores are large stores that sell a wide variety of goods, including clothing, furniture, and home appliances. Specialty stores sell a specific type of good, such as electronics, sporting goods, or clothing. Warehouse clubs are large stores that sell a wide variety of goods at discounted prices.

By Region:

The ready-to-cook food market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is expected to be the largest market for ready-to-cook food in 2022. The region is home to a large and growing population of working professionals who are looking for convenient and healthy food options. Additionally, the region has a strong foodservice industry that is driving demand for ready-to-cook food.

Europe is also expected to be a major market for ready-to-cook food. The region has a large and affluent population that is increasingly demanding convenient and healthy food options. Additionally, the region has a strong foodservice industry that is driving demand for ready-to-cook food.

Asia Pacific is expected to be the fastest-growing market for ready-to-cook food. The region is home to a large and growing population that is increasingly urbanizing and demanding convenient and healthy food options. Additionally, the region has a strong foodservice industry that is driving demand for ready-to-cook food.

Latin America and Middle East & Africa are expected to be the smallest markets for ready-to-cook food in 2023. However, these markets are expected to grow at a faster rate than the larger markets due to the increasing urbanization and demand for convenient and healthy food options.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Dynamics:

The ready-to-cook food market is characterized by a number of dynamics, including:

• Increasing demand for convenience: Consumers are increasingly looking for convenient food options that they can prepare quickly and easily. This is due to a number of factors, including busy lifestyles, dual-income households, and the rising number of single-person households.
• Changing lifestyles: Consumers are leading busier lifestyles and have less time to cook from scratch. This is due to factors such as longer working hours, rising educational attainment, and increasing participation in leisure activities.
• Growing health consciousness: Consumers are becoming more health conscious and are looking for food that is healthy and nutritious. This is due to factors such as the rising prevalence of obesity and chronic diseases, and the increasing availability of information about the health benefits of different foods.

Restraints:

Despite the growth of the ready-to-cook food market, there are a number of restraints that could limit the market's growth. These restraints include:

• Competition from home-cooked food: Ready-to-cook food is facing increasing competition from home-cooked food. Consumers are increasingly preferring to cook food at home due to the rising health consciousness and the availability of easy-to-follow recipes.
• Short shelf life: Ready-to-cook food has a short shelf life. This makes it difficult to distribute and store the product.
• High cost of production: The cost of producing ready-to-cook food is high. This is due to the use of high-quality ingredients and the need for sophisticated production facilities.

Drivers:

The ready-to-cook food market is being driven by a number of factors, including:

• Increasing urbanization: The rising urbanization in the Asia Pacific, North America, and Europe is leading to an increase in the number of working professionals who have less time to cook. This is driving the demand for ready-to-cook food.
• Changing lifestyles: The changing lifestyles of consumers in developed and developing countries are leading to an increase in the demand for ready-to-cook food. Consumers are looking for food that is convenient, healthy, and affordable.
• Growing health consciousness: Consumers are becoming more health conscious and are looking for food that is low in calories, fat, and sodium. This is driving the demand for ready-to-cook food that is labeled as healthy.
• Rise of online retail: The rise of online retail is making it easier for consumers to purchase ready-to-cook food. Online retailers offer a wide range of ready-to-cook food products at competitive prices.

Trends:

The ready-to-cook food market is characterized by a number of trends, including:

• The growth of meal kits: Meal kits are a type of ready-to-cook food that provide all of the ingredients and instructions needed to prepare a meal at home. Meal kits have become increasingly popular in recent years due to their convenience and flexibility.
• The growth of plant-based ready-to-cook food: The demand for plant-based ready-to-cook food is growing due to the increasing number of consumers who are adopting a plant-based diet.
• The growth of ready-to-cook food for special dietary needs: The demand for ready-to-cook food for special dietary needs, such as gluten-free, dairy-free, and vegan, is growing due to the increasing number of consumers who have special dietary needs.

Opportunities:

The ready-to-cook food market is a large and growing market. The market offers a number of opportunities for companies that are able to meet the needs of consumers. These opportunities include:

• Developing new and innovative ready-to-cook food products: Companies can develop new and innovative ready-to-cook food products that meet the needs of consumers. This could include developing products that are convenient, healthy, and affordable.
• Expanding into new markets: Companies can expand into new markets, such as emerging markets, to grow their business.
• Partnering with other companies: Companies can partner with other companies, such as food retailers and foodservice companies, to grow their business.

Challenges:

• Competition from home-cooked food: Ready-to-cook food is facing increasing competition from home-cooked food. Consumers are increasingly preferring to cook food at home due to the rising health consciousness and the availability of easy-to-follow recipes.
• Short shelf life: Ready-to-cook food has a short shelf life. This makes it difficult to distribute and store the product.
• High cost of production: The cost of producing ready-to-cook food is high. This is due to the use of high-quality ingredients and the need for sophisticated production facilities.
• Regulations: The ready-to-cook food market is regulated by a number of government agencies. These regulations can make it difficult and expensive to bring new products to market.
• Consumer awareness: Many consumers are not aware of the benefits of ready-to-cook food. This can make it difficult to convince consumers to switch from home-cooked food to ready-to-cook food.

Scope of Reports:

Conclusion:
                   In conclusion, the ready-to-cook food market has witnessed significant growth and popularity in recent years. Consumers today, driven by busy lifestyles and a desire for convenience, are increasingly turning to ready-to-cook food options. Companies like MTR Foods, Gits, Kohinoor, Nevil Foods, and McCain Foods (India) have capitalized on this trend by offering a wide range of ready-to-cook food products that cater to diverse culinary preferences.

The ready-to-cook food market offers convenience, as these products come with pre-measured ingredients and easy-to-follow instructions, allowing consumers to prepare a meal quickly and easily. This appeals to individuals and families seeking convenient meal solutions without compromising on taste and quality.

Crucial Points from this Ready To Cook Food Report

• Estimate Ready To Cook Food market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Ready To Cook Food market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.