Keeping food at a minimum temperature prevents it from decomposing and protects it from microorganisms and bacteria, allowing food to be stored for several months. The availability of instant and reasonably priced food as a substitute to freshly cooked food that can be kept at low temperatures to sustain its nutritional value and quality is defined as frozen food. High demand and intake has sky-rocketed the sales of the frozen ready meals food products, driven by chaotic work schedule and changing eating habits of consumers. The busy schedule of professionals is set to boost the demand for ready meals shift in the coming years. In addition, packaged food stores and service providers offer consumers value-added food packaging at reasonable prices, which accelerates the market’s momentum for growth. This initiatives and trends are helping ramp up the growing demand for frozen ready meals and expected to have a positive impact on the market scenario in the near future.
Recently, in February, 2021, Conagra Brands, an American package food company stated that young consumers will help to propel the growth instant food. In the wake of COVID-19 around the globe, the company witness high number of young consumers inclining towards its product portfolio that include snacks, frozen food, and cooking staples.
The global frozen ready meals market is generally segmented based on distribution channel, type, and region. Based on the type the global market for frozen ready meals is bifurcated into frozen pizza, chicken meal, vegetarian meals, beef meals, and others. By distribution channels, the global market is classified into on-line shop, supermarket, independent retailers, and others.
North America is expected to lead the global market for frozen ready meals foods, due to the high demand for frozen ready-to-eat foods in regions like the United States, owing to ease of preparation in less time for high standard products. Demand for frozen ready meals foods is also likely to increase in regions such as Asia-Pacific due to the increased per capita income and changing food habits.
The global frozen ready meals market is majorly dominated by some of the key players. This include Kelloggs include Ajinomoto Co. Inc., Fleury Michon, Kraft Foods Group Inc., Kerry Group, McCain Foods Limited, Nichirei Foods Inc., Conagra Brands Inc., Nestle S.A., Unilever, and among others. Majority of the players dealing in the sector are aggressively investing in adding new product to their portfolio with new concepts and innovations.