The global frozen ready meals market and is poised to grow by USD37.98bn during 2022-2026, while decelerating at a CAGR of 5.78% during the forecast period.
According to Technavio, the market is driven by new product launches, growing consumer inclination toward vegan frozen ready meals, and convenience factors related to the usage of frozen ready meals.
The study identifies the growing popularity of private-label frozen ready meals as one of the prime reasons driving the frozen ready meals market growth during the next few years. Also, the rising demand for convenience food and the rising popularity and demand for vegan, gluten-free, and organic frozen ready meals will lead to sizable demand in the market.
“The latest trend gaining momentum in the market is growing popularity of private-label frozen ready meal”, authors say. According to them, key players in the global frozen ready meals market are Ajinomoto Co. Inc., Al Kabeer Group ME, AMERICANA GROUP Inc., Boston Market Corp., BRF SA, California Pizza Kitchen Inc., Caulipower LLC, Conagra Brands Inc., General Mills Inc., Kellogg Co., Nestle SA, Nippon Suisan Kaisha Ltd., Nomad Foods Ltd., Orkla ASA, Productos Fernandez SA, Sigma Alimentos SA de CV, Sunbulah Group, The Kraft Heinz Co., Tyson Foods Inc., and Yeppy Foods.