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Ready-to-Eat Food Market Growth Accelerated by Expanding Working Population

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Sneha
Ready-to-Eat Food Market Growth Accelerated by Expanding Working Population

Ready-to-eat foods such as canned or frozen meals are popular choices for working professionals with busy schedules. These foods offer nutrition and convenience without requiring much preparation time. The global ready-to-eat food market offers a wide variety of options like frozen pizza, ready-to-cook meals, canned foods, chilled ready meals and many more. These foods provide micronutrients and macronutrients which help to maintain health and energy levels. The global Ready to Eat Food Market is estimated to be valued at US$ 157871.05 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expanding working population and greater economic participation of women have increased the demand for convenient food options. Ready-to-eat foods allow busy professionals to save time on cooking and preparation. The hectic schedules leave little time for home-cooked meals, driving the ready-to-eat food market. Additionally, the variety of cuisines and flavours introduced by major brands aim to appeal to evolving tastes. The market is expected to grow further with increasing number of nuclear families, dual-income households and demand for nutrition on-the-go.

Segment Analysis

Ready-To-Eat food market is dominated by the processed food segment. It accounts for over 60% of the total market share as of 2024. The processed food segment includes ready meals, frozen and canned ready meals, meat and seafood, snacks etc. These food products require minimum preparation and can be consumed directly. This has boosted the demand for processed ready-to-eat food especially among working professionals and nuclear families who have less time for cooking.

Key Takeaways

The Global Ready-To-Eat Food Market Growth is expected to witness high. By 2030, the market size is projected to cross US$ 230748.03 Mn, expanding at a CAGR of around 12%.

Regional analysis: Asia Pacific dominates the global market and accounts for over 35% share as of 2024. Countries like India, China, Japan and South Korea are major markets in the region. Rising disposable incomes, changing food habits and increasing number of working women are driving the demand for convenient ready-to-eat food in Asia Pacific. Western countries are adopting Asian cuisines which is further propelling the market growth.

Key players operating in the Ready To Eat Food market are Biogen Inc., AstraZeneca PLC, Pfizer Inc., Novartis International AG, Merck & Co., Inc., Sanofi S.A., F. Hoffmann-La Roche Ltd., Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Ceregene Inc., BioTime Inc., Stemedica Cell Technologies, Inc., Neuralstem, Inc., and StemCells Inc.

Explore more information on this topic, Please visit -

https://www.insightprobing.com/ready-to-eat-food-market-share-and-demand-analysis/ 

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https://wotpost.com/wireless-waves-weaving-navigating-the-landscape-of-land-mobile-radio-systems/ 

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