The North America Ready Meals Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 939.1 kilo tonnes, showcasing a growth of 10.2% (2019-2022).
As lifestyles become more fast-paced, there is an increasing reliance on time-saving solutions. Ready meals are convenient for individuals and families who are pressed for time but still seek nutritious and flavorful meal options. Innovations in food processing and packaging technologies have played an essential role in expanding the ready meals market. Improved packaging ensures longer shelf life without compromising the quality and taste of the food. Consumers are becoming increasingly health-conscious, seeking convenient meals that align with their dietary choices and nutritional goals. This has led to the development of ready meals featuring organic, gluten-free, and other health-focused attributes.
Ready meals are prominent in households as they offer a quick solution for busy families and individuals who may not have the time or expertise to prepare elaborate meals from scratch. The rise of on-the-go lifestyles has led to a surge in demand for portable and easily consumable ready meals. These products cater to consumers looking for convenient options while commuting, at work, or during outdoor activities. Ready meals play a crucial role in emergency preparedness, offering a shelf-stable and easily accessible source of sustenance during unforeseen circumstances such as natural disasters or power outages.
North America is culturally diverse, and ready meals cater to various culinary preferences. The market shows multiple options, including traditional American, ethnic, and international cuisines, allowing consumers to explore different flavors. Manufacturers in North America continually innovate to meet consumer demands. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Ready Meals Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $58,708.6 million by 2030. The Canada market is experiencing a CAGR of 10% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Supermarkets/ Hypermarkets, Convenience Stores, and Online Stores. Based on Type, the market is segmented into Frozen Pizza, Canned/Preserved Ready Meals, Frozen Ready Meals, Prepared Salads, Chilled Ready Meals, Dried Ready Meals, and Chilled Pizza. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Ready Meals Market is Predict to reach $275.9 Billion by 2030, at a CAGR of 7.7%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bakkavor Group PLC, Conagra Brands, Inc., General Mills, Inc., The Kraft Heinz Company, Nestle S.A, Fleury Michon, Unilever PLC, Kerry Group PLC, Premier Foods PLC (Premier Foods Group Services Ltd.), Kellogg Company
By Distribution Channel (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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