Global Instant Prepared Food Market was valued at USD 20 Billion in 2022 and is projected to reach USD 30 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The instant prepared food market has witnessed significant growth in recent years, driven by factors such as busy lifestyles, increased demand for convenience, and the evolving tastes of consumers. In 2023, the global instant prepared food market was valued at over $70 billion and is projected to reach over $100 billion by 2028. This growth is fueled by innovations in packaging, flavor, and nutrition, with companies offering a wide range of options catering to different dietary preferences, from vegan to gluten-free options. As technology and logistics improve, companies have been able to offer products that remain fresh and flavorful, even with long shelf lives.
Convenience has become a key factor for consumers as more people seek quick, easy, and affordable meal solutions. Instant prepared food is no longer limited to canned goods or microwave dinners but now includes fresh, high-quality meals that are ready in minutes. New entrants in the market are offering organic, sustainable, and locally sourced options, which are attracting a growing base of health-conscious consumers. Additionally, the increasing adoption of e-commerce has enabled consumers to easily access a variety of instant meal products from the comfort of their homes.
The rise of plant-based diets and the demand for sustainable food sources has also influenced the instant prepared food market. Many companies are focusing on creating plant-based ready-to-eat meals that offer a healthier alternative to traditional meat-based options. This shift has been well-received, with some plant-based meal kits and snacks experiencing exponential growth in their sales figures.
Consumer preferences continue to evolve, and as a result, companies in the instant prepared food market must stay agile, adjusting to the demands of the modern consumer while remaining competitive in pricing and quality.
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ConAgra Foods
Greencore Group
AFC Sushi
Nestle
General Mills
Sigma Alimentos
Hormel
Campbell Soup Company
BRF
La Moderna
Tipiak
Raynal et Roquelaure
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Instant Prepared Food Market
Supermarket
Convenience Store
Others
Based on Types the Market is categorized into Below types that held the largest Instant Prepared Food market share In 2023.
Frozen
Room Temperature
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Instant Prepared Food Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Instant Prepared Food Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Instant Prepared Food Market, By Type
6. Global Instant Prepared Food Market, By Application
7. Global Instant Prepared Food Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Instant Prepared Food Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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