Ready-To-Eat Market will grow at a CAGR above 4% from 2019 to 2030
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.
People often skip their meals due to busy work or study schedules and compromise with their health. Ready-to-eat meals offer convenience to have a healthy meal without impacting on the schedules. These ready-to-eat foods are safe to consume as companies manufacture these food products under well-protected conditions. Manufacturers have to adhere to rules & regulations laid down by regional governments. Hence the demand for ready-to-eat foods is increasing rapidly, driving market growth.
Chemicals and preservatives that help to keep food ingredients fresh & make them ready-to-eat and chemicals in colorants & flavor that may affect the health of consumers may affect market growth to a certain extent. Prolonged consumption of such foods may result in various health problems such as heart complications, high blood pressure, and kidney & liver problems. Moreover, ready-to-eat foods also contain saturated fats, sugars, salts, and trans–fats that may contribute to heart-related risks. It may also lead to obesity and other health problems and restrict market growth.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Ready-To-Eat Market by Product Type (Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, and Meat Products), by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, and Online Retailers) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/ready-to-eat-market/182
Asia Pacific is estimated to grow at the fastest CAGR during the forecast period. This growth can be attributed to factors such as an increase in working-class population, rapid urbanization, increased number of student migrations and the increasing popularity of ready-to-eat meals.
Some of the prominent players in the ready to eat market include BIRDS EYE, FINDUS, General Mills Inc., Conagra Brands, Inc., Orkla. , ITC Limited, Premier Foods Group Limited., McCain Foods Limited, H.J. Heinz Company Australia Limited., CSC Brand LP., and others.
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