The global ready meals market size is expected to reach USD225.28bn by 2030, registering a CAGR of 5.1% during the forecast period.
According to a new study by Research and Markets, the rising demand for affordable and convenient pre-prepared dishes is anticipated to drive the market. Minimum preparation or cooking time and higher shelf life as compared to fruits, fresh vegetables, and meat are other key factors fueling product demand.
Additionally, the vegan segment is expected to register the fastest growth rate throughout the forecast period. Product launches in this segment by key players are likely to supplement the overall segment growth.