The Dinner Ready-to-eat Foods market worldwide will grow by a projected USD39.1bn during 2020-2027, driven by a revised compounded annual growth rate (CAGR) of 4.9%, according to a new report published by Global Industry Analysts, Inc. Frozen Dinner RTE Foods, one of the segments analyzed and sized in this study, is forecast to grow at over 5.4% and reach a market size of USD89.4bn by the end of the forecast period.
Overall, the global market for Dinner RTE Foods estimated at USD99bn in the year 2020 is projected to reach a revised size of USD138.1bn by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.
The United States is forecast to readjust to a 3.8% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over USD1.2bn to the region’s size over the next seven to eight years. In addition, over USD1.2bn worth of projected demand in the region will come from rest of the European markets. Key players in the market include Findus Group, General Mills, Inc. Greencore Group plc. Hormel Foods Corporation, ITC Limited, Nestle SA, Smithfield Foods, Inc. Tyson Foods, Inc., and Unilever NV.