The dinner ready-to-eat foods global market will grow by a projected USD39.1bn until 2027, according to a report by Research&Markets, who also forecasts a revised compounded annual growth rate (CAGR) of 4.9%. Frozen dinner ready-to-eat foods, one of the segments analyzed in this study, is forecast to grow at over 5.4% and reach a market size of USD89.4bn by the end of the analysis period.
The US will likely readjust to a 3.8% CAGR, while Europe’s Germany, the region worst hit by the pandemic, will add more than USD1.2bn to the region’s size over the next 7 to 8 years. In addition, over USD1.2bn worth of projected demand in the region will come from rest of the European markets. In Japan, the frozen dinner ready-to-eat foods segment will reach a market size of USD4.5bn by the end of 2027.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.