Europe Ready-to-Eat Food Market-Growth, Trends and Forecasts (2019-2024)-The News PEDI
Latest niche market research study on Europe Ready-to-Eat Food Market-Growth, Trends and Forecasts (2019-2024) published at Orbisresearch.com
The Europe market for ready-to-eat food market is poised to grow at a CAGR of 4.2% during the forecast period (2019-2024).
– The growth of the ready-to-eat market is driven by an increase in convenience offered, in terms of time saving and efforts required for the preparation of these meals.
– Moreover, the preference for ready-to-eat food by the working population and students has increased, owing to the fact that it requires only heating before consumption, which reduces the overall effort.
– The consumption of ready-to-eat food in developing countries of the region is expected to rise, owing to the growth in population, change in lifestyle, development in the food and beverage industry, and stable economic growth.
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Scope of the Report
Europe market for ready-to-eat food market is segmented by product type into Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals, Baked Goods, Meat Products, and Others. The market is segmented by Distribution Channel into Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, and Others. The regional analysis of the market is also provided.
Key Market Trends
Frozen Foods Dominates The Market
The growth of the frozen food segment is primarily be driven by the increasing demand and consumption of frozen foods in the developing countries across Europe, whereas, the developed markets are expected to continue their growth at a moderate pace, majorly driven by the mounting consumer preference for healthy frozen foods. The rising demand for convenience food and innovative packaging techniques is the driving factor for the growth of frozen ready-to-eat food across the region. The frozen pizza segment is considered one of the major segments under frozen ready-to-eat, as they are considered as the most popular junk food in the region. In addition, improvements in the nutritional value of frozen pizza, interesting ingredient profiles, and ease with which it can be cooked fuel its demand among the young population.
France Holds A Major Share In Europe Ready-To-Eat Market
The convenience factor associated with ready-to-eat food is also complemented by the on-the-go snacking trend. The food service sector in France has been rapidly diversifying its product portfolio to include different types of ready-to-eat food products. The demand for such convenient food in France has been increasing manifold from rapidly emerging cafes, restaurants, in-store bakeries, and coffee shops, which typically procure ready-to-eat food to provide instant delicacies. The demand for ready meals that are additive free, minimally processed, and with extended shelf-life is expected to drive the market. Moreover, manufacturers operating in the country are constantly looking for innovation, by expanding their product portfolio, launching new products, and even adopting packaging-level modifications, in order to increase their customer base and gain competitive advantage.
European ready-to-eat market faces high competition; Majority of the share is held by the leading players, including Nomad Foods and Nestlé. Manufacturers are increasingly focusing on the packaging, as it plays a vital role in retaining the product quality, vitamin content, taste, texture, color, and shelf-life. Manufacturers are collaborating with packaging companies to develop advanced and innovative packaging, such as biodegradable barrier tray, to expand their consumer bases.
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Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Instant Breakfast/Cereals
5.1.2 Instant Soups and Snacks
5.1.3 Ready Meals
5.1.4 Baked Goods
5.1.5 Meat Products
5.2 By Distribution Channel
5.2.1 Hypermarkets / Supermarkets
5.2.2 Convenience Stores
5.2.3 Food Specialty Stores
5.2.4 Departmental Stores
5.2.5 Online Retailers
5.3.2 United Kingdom
5.3.7 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Nomad Foods Ltd
6.4.3 McCain Foods
6.4.4 Premier Foods
6.4.5 ConAgra Inc.
6.4.6 Dr. August Oetker
6.4.7 FRoSTA AG
6.4.8 Frima NV
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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