Ready-to-eat is food intended for direct human consumption and may involve minimum or no cooking. It benefits consumers with attributes focused on time-saving, convenience, being stress-free, and value-for-money. It is one of the most dynamic and largest sectors in the food industry. The global ready-to-eat market is mainly driven by an improving lifestyle of consumers and rapid urbanization coupled with rising employment opportunities. A rise in disposable incomes of the working class is propelling the demand for such foods, further boosting market growth. Market Industry Reports (MIR) has published a new report titled "Ready-To-Eat Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global ready-to-eat market will grow at a CAGR above 4% from 2019 to 2030.
Such significant market growth can be attributed to the fact that consuming healthy food has become easier with the availability of ready-to-eat food products that require no or minimal cooking. The ready-to-eat market is driven by the benefits that it provides to the working class, students staying in hostels, and travelers. Furthermore, it offers advantages such as no storage requirements & no need to buy additional ingredients, less spoilage, and reduced food wastage are also attracting the customers that further help to boost market growth.
Major Key Players of the Ready to Eat Market are:BIRDS EYE, FINDUS, General Mills, Conagra Brands, Orkla., ITC Limited, Premier Foods Group Limited., McCain Foods Limited, H.J. Heinz Company Australia Limited., and CSC Brand LP., among others.
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