Western Europe accounts for the largest ready meals market share. Asia-Pacific is expected to be the fastest-growing region in the global ready meals market during the forecast period. The regions covered in the global ready meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global ready meals market size is expected to grow from $141.5 billion in 2021 to $153.21 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. TBRC’s ready meals market forecast sees it reaching $213.32 billion in 2026 at a CAGR of 8.6%.
The ready meals market consists of sales of ready meals by entities (organizations, sole traders, and partnerships) that are convenient, inexpensive, fast, and pre-portioned. The ready meals are complete meals that only require heating before eating. They are ready to eat and already cooked or prepared. They are priced at a lower price and hence are cheap and convenient to use.
The main components of the ready meals market are frozen, chilled, canned, and dried products. A frozen food product that has been factory processed to the point that it is ready for use as a food and may or may not require further heating before consumption is referred to as frozen food. Ready meals are available on various distribution channels such as supermarkets/hypermarkets, convenience stores, and online.
