Europe Leads Ready Meals Market

Europe

Europe is the largest consumption of ready meals, with a sales market share nearly 34.43% in 2015. The second place is North America region; following North America with the sales market share over 31.00%. Asia Pacific is another important consumption market of ready meals.

Ready meals sales in Hypermarkets and Supermarkets, Independent Retailers and Convenience Stores. Report data showed that 60.48% of the ready meals market demand in Hypermarkets and Supermarkets, 18.87% in Independent Retailers, and 14.58% in Convenience Stores in 2015.

There are three kinds of ready meals, which are Frozen & Chilled ready meals, canned ready meals and dried ready meals. Frozen & Chilled ready meals sell well in the ready meals, with a consumption market share nearly 61.91% in 2015.

Briefly speaking, in the next few years, ready meals industry will still be a relative highly energetic industry. Sales of ready meals have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.

The worldwide market for ready meals is expected to grow at a CAGR of roughly 4.2% over the next five years, will reach 121400 million USD in 2023, from 94900 million USD in 2017.

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