Over the next five years, the ready meals market is anticipated to grow at a CAGR of 4.62%.
The market is primarily driven by the convenience offered in terms of time savings, reduced cooking effort, and simplicity of handling and storage. In recent years, there has been a huge demand for frozen and chilled meals.
Throughout the forecast period, the market is anticipated to be driven by the rising demand for its enormous range of ready meals with a long shelf life. It is anticipated that there would be good changes due to the significantly rising consumer interest in innovative products and ingredients.
People are eager to sample diverse foods from other nationalities, such as Indian, Thai, and Italian, due to the current trend of embracing a western lifestyle and consuming quick meals. Therefore, when it comes to ethnic ready meals, frozen pizza is the most popular and widely consumed frozen ready meal globally, accelerating the market.
The trend toward ready meals in Europe is highlighted by the rising desire for natural products that provide a high level of convenience. In Europe, the demand from consumers for natural ready meals with little or no ingredients has greatly increased.
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