The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner ready-to-eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033.
Globally, the demand for convenient and ready-to-eat food is increasing at a faster rate as a result of changes in social and economic patterns, increased expenditure on food and beverage, increased awareness about nutritious foods, changes in dietary practices and existing food habits, and a desire to try new products.
Earlier, people used to eat at home and avoid eating out, but over the last two decades, there have been many lifestyle changes. An increase in working women, urbanization and hectic work schedule gravitate them toward dinner ready-to-eat foods.
Consumer interest in new and trendy products is increasing as they are keen on experiencing meals from other ethnicities, such as Indian, Thai, and Italian, in addition to traditional cuisine.
To achieve operational efficiency, manufacturers are emphasizing the incorporation of sustainable solutions. 3D printing, for example, is being promoted as a highly profitable option. Although still in its early stages, 3D-printed food is likely to become more popular on a wide scale.
High availability and introduction of various dinner Ready-to-Eat (RTE) food varieties through retail and online channels are likely to influence the market demand as consumers can widely select and incorporate various available cuisines into their diets.
| Attribute | Details |
|---|---|
| Dinner Ready-to-Eat (RTE) Food Market Estimated Size (2023) | US$ 14,692 million |
| Dinner Ready-to-Eat (RTE) Food Market CAGR (2023 to 2033) | 6.0% |
| Dinner Ready-to-Eat (RTE) Food Market Forecasted Size (2033) | US$ 25,184.3 million |
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According to FMI, the global dinner ready-to-eat (RTE) food market witnessed a substantial growth of 2.1% between the analysis period of 2018 to 2022. The growth of the market was unevenly distributed across various regions due to various socio-economic differences as highly developed countries had a more mature market compared to the developing ones.
Nevertheless, it is anticipated that between the period of 2023 to 2033, the market to witness a progressive growth of 6.0% and accounting a revenue share of US$ 25,184.3 million by 2033.
Along with rapid urbanization, the thriving food and beverage sector is one of the key drivers of the global dinner ready-to-eat food market. Global consumption of ready-to-eat food has increased as a result of a growing working population and improved consumer lifestyles.
There are various types of ready-to-eat food available, ranging from pre-packaged meals to frozen pizzas to takeout containers. While most people associate the term ready-to-eat with unhealthy options, there are many healthy options available as well. Indeed, some stores are now specializing in healthy ready-to-eat meals that can be consumed on the go.
Growing Use of 3D Printing Technologies
The food and beverage industry is embracing additive manufacturing, and food 3D printing is expected to become a significant manufacturing method in the coming years. Natural Machines' Foodini and Biozoon 3D food printers can combine food ingredients to create Smooth Food, a nutritious puree.
According to research from Maastricht University in the Netherlands, 3D-printed meat can reduce greenhouse gas emissions by more than 90% while using only 1% of the land, 4% of the water, and 45% of the energy. As a result of these trends, the dinner ready-to-eat food market is expected to grow.
The Increasing Use of High-Pressure Processing (HPP) Technology in the Food Industry
Consumers prefer minimally processed ready-to-eat meals with a long shelf life and few or no preservatives, but without sacrificing sensory quality. High-Pressure Processing (HPP) technology holds a lot of promise as a non-thermal preservation solution for RTE meals.
HPP ready-to-eat foods are expected to gain popularity in 2022. For instance, in 2019, B.fresh successfully launched a plant-based HPP bircher bowl, in which oats are blended with apples or berries and other vegetables to create an RTE breakfast to go.
Principal Consultant
Frozen Food's Impact
Frozen dinners, which are becoming increasingly popular, accounted for nearly one-third of sales of dinner ready-to-eat food in 2019. The lucrativeness is likely to continue, fueled by the growing need to store food in order to survive the COVID-19 pandemic.
Since frozen foods have a long shelf life, demand for them is growing. As consumers seek to reduce uncertainty, frozen has emerged as a viable option. As a result of these preferences, the category in the dinner RTE market is expanding.
With a Progressing Rate of 6.4%, the Ready Meals Segment is the Front-runner in the Global Market
Consumer demand for ready meals has significantly boosted the growth of the dinner ready-to-eat food industry. The increase in the working population, as well as the decrease in cooking time, has had a positive impact. With the rise of the millennial generation and widespread acceptance of ready-to-eat foods, they prefer ready meals because they save time in the kitchen. Leading manufacturers are implementing modern approaches such as new product releases and expanding production capacity to better serve their customers and meet their growing expectations.
In 2022, the supermarkets & hypermarkets segment accounted for 42.3% of the dinner ready-to-eat food market. The easy availability of various brands of ready-to-eat foods in one location is driving the growth of the dinner ready-to-eat food market. Supermarkets sell frozen foods at low prices to expand their customer base.
Over the forecast period, the online distribution channel is expected to register swiftly with a CAGR of 6.6%. Pre-packaged meal brands have seen an increase in overall demand via online platforms. Online delivery is being offered by leading supermarkets and hypermarkets such as Walmart, Target, and Aldi, which is driving the segment growth. Many supermarkets have launched their own packaged meal brands or collaborated with cloud kitchens to do so.
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With its huge market share of 9.3%, technological innovations, busy lifestyles, and high disposable incomes, the United States leads the ready-to-eat food market in North America as well as globally. Because of its growing popularity among working-class consumers and students, it is expected to become a key consumer of ready-to-eat meals. According to a study published in BioMed Central Ltd, nearly 36% of adults in the United States reported eating ready-to-eat meals in 2020.
Rising demand for frozen food and handheld breakfast is driving Japan dinner ready-to-eat food market. These items are marketed as inexpensive, high-quality, and fresh.
Furthermore, these meals are just as popular as those found in restaurants and other eating establishments. Consumer perception of ready meals is steadily improving, with convenience and quick cooking times appealing to Japanese consumers.
The Indian food industry is rapidly expanding and profitable. Its role in the global food trade is rapidly expanding. India has the world's sixth-leading food and grocery market. In India, the food processing industry accounts for only 32% of the total food supply and ranks fifth in terms of production, consumption, export, and expected growth. It accounts for around 8.10% to 8.39% of India's GVA in manufacturing and agriculture, 13% of exports, and 6% of total industrial investment.
Rising urbanization increased middle-class disposable income, and changing Indian consumer food habits all contribute to the market's expected growth.
The global dinner ready-to-eat food market is highly competitive, with key players operating in the market. Manufacturers have developed powerful competitive strategies as a result of high industrial profitability, intensifying competition among existing market players. To stay competitive in the market, prominent market players are investing in product innovation, product launches, mergers and acquisitions, geographic expansion, and other initiatives. To gain a competitive advantage in the market, companies position their products based on a variety of factors such as product offerings, quality, taste, flavors, price, functionality, size, packaging, and marketing activities. ?
Some Key Players Operating in the Market Include:
Latest Developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.0% from 2022 to 2032 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization & Pricing | Available upon Request |
The market is valued at US$ 14,692 million in 2023.
Arla Foods, Inc., BioGaia AB, and Chr. Hansen Holding A/S are the key market players.
Ready meals are likely to remain preferred through 2033.
The market is anticipated to register a 6% CAGR through 2033.
By 2033, the market is estimated to reach US$ 25,184.3 million.
1. Executive Summary | Dinner Ready-to-Eat (RTE) Food Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Instant Breakfast/Cereals
5.3.2. Instant Soups and Snacks
5.3.3. Ready Meals
5.3.4. Baked Goods
5.3.5. Meat Products
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Distribution Channel, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Distribution Channel, 2023 to 2033
6.3.1. Hypermarkets/Supermarkets
6.3.2. Convenience Stores
6.3.3. Online Retailers
6.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product Type
8.2.3. By Distribution Channel
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Distribution Channel
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product Type
9.2.3. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Distribution Channel
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UNITED KINGDOM
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product Type
10.2.3. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Distribution Channel
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product Type
11.2.3. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Distribution Channel
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product Type
12.2.3. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Distribution Channel
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Product Type
13.1.2.2. By Distribution Channel
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Product Type
13.2.2.2. By Distribution Channel
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Product Type
13.3.2.2. By Distribution Channel
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Product Type
13.4.2.2. By Distribution Channel
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Product Type
13.5.2.2. By Distribution Channel
13.6. UNITED KINGDOM
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Product Type
13.6.2.2. By Distribution Channel
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Product Type
13.7.2.2. By Distribution Channel
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Product Type
13.8.2.2. By Distribution Channel
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Product Type
13.9.2.2. By Distribution Channel
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Product Type
13.10.2.2. By Distribution Channel
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Product Type
13.11.2.2. By Distribution Channel
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Product Type
13.12.2.2. By Distribution Channel
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Product Type
13.13.2.2. By Distribution Channel
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Product Type
13.14.2.2. By Distribution Channel
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Product Type
13.15.2.2. By Distribution Channel
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Product Type
13.16.2.2. By Distribution Channel
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Product Type
13.17.2.2. By Distribution Channel
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Product Type
13.18.2.2. By Distribution Channel
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Product Type
13.19.2.2. By Distribution Channel
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Product Type
13.20.2.2. By Distribution Channel
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product Type
14.3.3. By Distribution Channel
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Findus Group
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Tyson Food Inc.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. General Mills Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Koninklijke Philips N.V.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Greencore Group Plc
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. The Kraft Heinz Company
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Unilever NV
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Smithfield Food Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Schwan’s Shared Services
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Nestle SA
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. ITC Limited
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Hormel Food Corporation
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Dinner Ready-to-Eat (RTE) Food Market
