According to a recent report by Future Market Insights (FMI), the demand for frozen ready meals is expected to witness steady demands in the foreseeable future. However, the report also addresses that shortcomings in the global cold chain and growing complexities in production of frozen ready meals will continue to remain key market growth impediments.
Key findings from the report reveal that the global frozen ready meals market will expand at a moderate CAGR of 4.3% and bring in an estimated revenues worth over USD47bn. The report has analyzed several factors influencing the growth dynamics of the global frozen ready meals market. Among which, quality and safety are observed to be the key factors influencing the production and the sales of frozen ready meals. The global frozen ready meals market will witness highest end-use among food chain services, followed by modern trade outlets. By the end of 2026, more than USD16.6bn worth of frozen ready meals will be used by food chain services across the globe.
“Companies partaking in the global frozen ready meals market are expected to be compliant to the safety and food quality standards set by regional and global regulatory bodies. Players namely, General Mills, McCain Foods Ltd., Nestle S.A., Daiya Foods Inc., Dr. Oetker GmbH, Conagra Brands, Inc., Connies Pizza, California Pizza Kitchen, Atkins Nutritionals, Inc., FRoSTA AG, and H.J. Heinz are expected to follow production techniques that retain the quality of the frozen ready meals. Moreover, these companies are expected to invest millions in developing methods for making frozen ready meals safer to the common consumer,” according to FMI.
More information will be available in print.