Global Dinner RTE Foods Market Growth (Status and Outlook) 2024-2030
The Dinner Ready-to-Eat (RTE) Foods market was valued at USD 112.47 Billion in 2023, with a growing trend due to the increasing demand for convenient, healthy, and tasty dinner opt
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Introduction
RTE Foods refers to Ready-to-eat Foods. Ready to eat meal products are often referred to as “convenience food”, for the convenience they provide to the hectic life of people. They are readymade food or almost readymade food that just requires boiling.
Market Insights
According to the Publishers’ latest study, the global Dinner RTE Foods market size was valued at US$ 112470 million in 2023. With growing demand in downstream market, the Dinner RTE Foods is forecast to a readjusted size of US$ 171630 million by 2030 with a CAGR of 6.2% during review period.
Depending on the process of production and packaging, they are segmented into canned food, frozen food and chilled food. And because the major drivers of the market aren’t specific to any region but are globally influencing the market, hence ready to eat meal products market is fast growing uphill and has become the largest market in food industry globally.
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North America occupied the largest market share with about 40%. It was followed by Europe and Asia-Pacific with 30% and 20%. Nestle, Unilever, Kraft Heinz, McCain Foods Limited and General Mills are the leaders of the global Dinner RTE Foods market, and these top 5 companies hold nearly 30% market share.
Key Features:
The report on Dinner RTE Foods market reflects various aspects and provide valuable insights into the industry.
Trends:
The global dinner RTE (ready-to-eat) foods market has been shaped by several key trends in recent years:
Convenience and On-the-Go Consumption: As consumers' lifestyles become increasingly fast-paced, there is a growing demand for convenient, easy-to-prepare dinner options that can be consumed on the go or with minimal preparation time.
Health and Wellness Consciousness: Consumers are becoming more health-conscious and are seeking RTE dinner options that offer nutritional value, clean labels, and reduced levels of additives, preservatives, and artificial ingredients.
Diversification of Cuisines and Flavors: The global dinner RTE foods market is witnessing an expansion of ethnic and international cuisine offerings, catering to the increasingly diverse tastes and preferences of consumers.
Sustainability and Environmental Concerns: Consumers are placing greater emphasis on the environmental impact of their food choices, leading to a demand for dinner RTE foods that are packaged in sustainable and eco-friendly materials.
Premiumization and Indulgence: Alongside the demand for convenience and health, there is also a growing trend for premium, gourmet, and indulgent dinner RTE food options that provide an elevated dining experience.
Personalization and Customization: Consumers are seeking more personalized and customized dinner RTE food options that cater to their specific dietary needs, preferences, and lifestyles.
Drivers:
The growth of the global dinner RTE foods market is driven by several key factors:
Changing Lifestyles and Busy Schedules: The increasing number of dual-income households, rising participation of women in the workforce, and the overall faster-paced lifestyle of consumers have led to a greater demand for convenient, time-saving dinner options.
Increasing Working Population and Single-Person Households: The growth of the working population, particularly in urban areas, and the rise of single-person households have contributed to the demand for individual-sized or single-serve dinner RTE food products.
Aging Population and Dietary Restrictions: The aging population, as well as consumers with specific dietary restrictions or preferences, such as gluten-free, vegan, or low-sodium, are driving the development of specialized dinner RTE food options.
Expansion of Retail Channels: The increasing availability of dinner RTE foods in various retail channels, including supermarkets, convenience stores, and e-commerce platforms, has made these products more accessible to consumers.
Innovations in Food Technology: Advancements in food processing, packaging, and preservation technologies have enabled the development of dinner RTE foods with improved quality, longer shelf life, and enhanced nutritional profiles.
Growing Awareness and Acceptance: The increasing awareness and acceptance of dinner RTE foods among consumers, driven by marketing campaigns and positive experiences, have contributed to the market's growth.
Opportunities:
The global dinner RTE foods market presents several growth opportunities, including:
Emerging Markets and Demographic Shifts: Rapid urbanization, growing middle-class populations, and changing dietary habits in developing regions, such as Asia-Pacific and Latin America, offer significant potential for the dinner RTE foods market.
Personalization and Customization: The rising demand for personalized and customized dinner RTE food options, tailored to specific dietary needs, preferences, and lifestyle requirements, presents an opportunity for manufacturers to differentiate their offerings.
Expansion into Niche and Premium Segments: The growing consumer appetite for premium, gourmet, and indulgent dinner RTE food options, as well as the development of specialized products for niche dietary segments, can open up new growth avenues for market players.
Sustainability and Eco-friendly Packaging: The increasing focus on environmental sustainability presents an opportunity for manufacturers to develop dinner RTE foods with eco-friendly packaging solutions, catering to the growing consumer demand for sustainable products.
Technological Advancements and Innovation: Continuous innovations in food processing, packaging, and preservation technologies can enable the development of dinner RTE foods with improved quality, extended shelf life, and enhanced nutritional profiles.
Partnerships and Collaborations: Opportunities exist for manufacturers to collaborate with retail chains, food service providers, and technology companies to expand distribution, enhance product offerings, and leverage data-driven insights to better understand consumer preferences.
Threats:
The global dinner RTE foods market also faces several threats and challenges, including:
Intense Competition: The dinner RTE foods market is highly competitive, with the presence of both established players and new entrants, leading to price pressures and the need for continuous innovation.
Regulatory Landscape and Food Safety Concerns: Evolving food safety regulations, labeling requirements, and consumer concerns about the use of additives, preservatives, and artificial ingredients can create compliance challenges for manufacturers.
Changing Consumer Preferences and Dietary Shifts: Evolving consumer preferences, such as the growing demand for plant-based, organic, and locally sourced foods, can present challenges for manufacturers in adapting their product portfolios.
Supply Chain Disruptions and Fluctuating Ingredient Prices: Disruptions in the global supply chain, including the availability and prices of raw materials and ingredients, can impact the production and profitability of dinner RTE food manufacturers.
Substitution Threats: The dinner RTE foods market faces competition from alternative meal options, such as home-cooked meals, meal kits, and food service delivery services, which can potentially impact the demand for dinner RTE foods.
Concerns about Nutritional Value and Health Implications: Some consumers may have concerns about the nutritional value and potential health implications of certain dinner RTE food products, especially those perceived as highly processed or containing artificial ingredients.
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Market Size and Growth: The research report provide an overview of the current size and growth of the Dinner RTE Foods market. It may include historical data, market segmentation by Type (e.g., Frozen Dinner RTE Foods, Chilled Dinner RTE Foods), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Dinner RTE Foods market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Dinner RTE Foods market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Dinner RTE Foods market. The report also evaluates the effectiveness of these policies in driving market growth.
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Market Forecasts and Future Outlook: The dinner RTE foods market will also face challenges, such as intense competition, evolving regulatory landscapes, changing consumer preferences, supply chain disruptions, and substitution threats. The ability of market players to adapt to these challenges and capitalize on the emerging opportunities will be crucial in shaping the future of the global dinner RTE foods market.
Market Segmentation:
Dinner RTE Foods market is split by Type and by Distribution Channel. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Distribution Channel in terms of value.
Segmentation by type
Frozen Dinner RTE Foods
Chilled Dinner RTE Foods
Canned Dinner RTE Foods
Segmentation by distribution channel
Hypermarket/Supermarket
Independent Retailers
Convenience Stores
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nestle
Unilever
Kraft Heinz
McCain Foods Limited
General Mills
Sigma Alimentos
Greencore Group
Campbell Soup
ConAgra
The Schwan Food
Tyson Foods
Pinnacle Foods
Smithfield Foods
Hormel Foods
JBS
Nomad Foods
Fleury Michon
2 Sisters Food Group
ITC
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Dinner RTE Foods Market Size 2019-2030
2.1.2 Dinner RTE Foods Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Dinner RTE Foods Segment by Type
2.2.1 Frozen Dinner RTE Foods
2.2.2 Chilled Dinner RTE Foods
2.2.3 Canned Dinner RTE Foods
2.3 Dinner RTE Foods Market Size by Type
2.3.1 Dinner RTE Foods Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Dinner RTE Foods Market Size Market Share by Type (2019-2024)
2.4 Dinner RTE Foods Segment by Distribution Channel
2.4.1 Hypermarket/Supermarket
2.4.2 Independent Retailers
2.4.3 Convenience Stores
2.4.4 Others
2.5 Dinner RTE Foods Market Size by Distribution Channel
2.5.1 Dinner RTE Foods Market Size CAGR by Distribution Channel (2019 VS 2023 VS 2030)
2.5.2 Global Dinner RTE Foods Market Size Market Share by Distribution Channel (2019-2024)
3 Dinner RTE Foods Market Size by Player
3.1 Dinner RTE Foods Market Size Market Share by Players
3.1.1 Global Dinner RTE Foods Revenue by Players (2019-2024)
3.1.2 Global Dinner RTE Foods Revenue Market Share by Players (2019-2024)
3.2 Global Dinner RTE Foods Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Dinner RTE Foods by Regions
4.1 Dinner RTE Foods Market Size by Regions (2019-2024)
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