Ready Meals Industry Statistics

In this post, we will explore the latest statistics and trends in the ready meals industry. From the staggering market value projections to the evolving consumer preferences and distribution channels, the data paints a vivid picture of a dynamic market on the rise. Join us as we delve into the numbers shaping the global landscape of ready meals.

Statistic 1

"As of 2021, the worldwide ready meals market is estimated to be $146.17 billion."

Statistic 2

"The ready meals market is projected to reach $244.34 billion by 2027."

Statistic 3

"The expected CAGR is estimated to be 5% from 2020 to 2027."

Statistic 4

"Frozen ready meals constitute the largest market segment."

Statistic 5

"In 2019, the US contributed to the largest share in North America, holding 84.4% of the market."

Statistic 6

"Europe holds the largest market share in the global ready meals market."

Statistic 7

"Asian countries are projected to grow the fastest in the market."

Statistic 8

"The UK ready meals market surpassed £3 billion in 2020."

Statistic 9

"Chilled ready meals are the most purchased type in the UK."

Statistic 10

"Frozen ready meals segment is expected to witness the fastest growth rate of 5.9% from 2020 to 2027."

Statistic 11

"The online distribution channel of ready meals is expected to expand at the fastest CAGR of 7.4% from 2020 to 2027."

Statistic 12

"By 2023, the ready meals market in India is expected to reach $421 million."

Statistic 13

"Convenience stores make up the largest portion of the ready meals market distribution channel."

Statistic 14

"The ready meals market was valued at $72.47 billion in the U.S. in 2020."

Statistic 15

"The COVID-19 pandemic has contributed to an increase in the consumption of ready meals."

Statistic 16

"The vegan market is playing a significant role in the growth of ready meals."

Statistic 17

"Approximately 20% of the U.S. population considers itself "flexitarian," contributing to a rise in plant-based ready meals."

Statistic 18

"Japan holds a strong market for ready meals, constituting over $10 billion in 2020."

Statistic 19

"Premium ready meals are gaining popularity among European consumers."

Statistic 20

"Sales of chilled and deli food in the U.S. are projected to reach nearly $15 billion by 2027."

In conclusion, the global ready meals industry is experiencing substantial growth, with an increasing market size projected to reach $244.34 billion by 2027. Frozen ready meals continue to dominate the market, particularly in regions such as the UK where the market has surpassed £3 billion. The COVID-19 pandemic has further boosted the consumption of ready meals, with a notable rise in plant-based and premium ready meal options. The online distribution channel is expected to expand rapidly, catering to evolving consumer preferences. As various regions demonstrate unique trends, such as the fast growth in Asian countries and the popularity of chilled ready meals in the UK, it is evident that the ready meals industry is evolving to meet diverse demands and preferences worldwide.