Canada Ready-to-Eat Meals Market Report: Product Scope, Overview, Opportunities, Trends and Forecast to 2030

 Ready-to-Eat Meals Market Overview:

Ready-to-eat meals market 2022 can potentially garner a strong valuation of USD 188.0 billion by 2030, claims Market Research Future (MRFR). MRFR also anticipates the market to procure a significant CAGR of close to 10.98% over the forecast period (2022–2030). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

In Canada Ready-to-Eat Meals Market reflects the nation's multiculturalism and changing consumer preferences. With busy lifestyles and a growing emphasis on convenience, Canadians are increasingly seeking quick and easy meal solutions that fit their hectic schedules. From frozen entrees to fresh salads, the market offers a diverse array of options to cater to different tastes and dietary needs. Moreover, the rise of health-consciousness and a demand for premium ingredients has led to the development of gourmet ready-to-eat options that rival restaurant-quality meals. As manufacturers continue to innovate with new flavors, formats, and packaging solutions, the Canadian ready-to-eat meals market presents lucrative opportunities for growth and expansion in the coming years.

Primary Drivers and Challenges:

The COVID-19 outbreak resulted in massive panic worldwide, with the lockdown leading to shut down of retail stores to curb the spread of the pandemic. This led to stockpiling of foods that have extended shelf life, such as ready-to-eat meals like salads, rice & noodles, pasta & pizzas, soups and gravies & curries. However, SARS-CoV-2 has still managed to slow down the growth of the food and beverage industry due to the scarcity in labor. Some other challenges posed by the novel coronavirus include movement restrictions; weakened supply chains and the reduced supply of raw materials such as vegetables and wheat. These factors have given a massive blow to the Ready-to-Eat Meals Market.

On the brighter side, the lockdown has accelerated the transition to e-commerce, with online shopping growing in popularity among people. This has been quite favorable for the ready to eat meals market in these uncertain times. Rising preference for ready-to-eat meals due to hectic lifestyle of working professionals, students and college grads remains one of the top factors contributing to the market growth. The spike in the preference for additive-free and minimally processed foods with longer shelf life also benefits the ready to eat meals industry.

Ready to eat meals are more cost-effective compared to other alternatives in the market, since they are precooked. Their easy availability all year round also bolsters their demand, while media and print advertisement helps fosters brand awareness among people. Leading market participants are constantly launching new ready meals to cater to the evolving demand of the consumers, with the primary aim of strengthening their global position.

To cite a reference, in August 2020, Kerry Foods’ brand Richmond Sausages launched a new range of frozen ready to eat meal products in the United Kingdom. This line-up will have two family-based meals, namely Sausage Casserole and Sausage and Tomato Pasta.

Top Market Firms:

Greencore Group plc (Ireland), General Mills Inc. (US), Kerry Group (Ireland), Grupo Bimbo S.A.B. de C.V. (Mexico), Conagra Foods Inc. (US), Associated British Foods PLC (UK), Tyson Foods, Inc (US), McCain Foods Limited (Canada), Unilever (UK), Bakkavor Group plc (UK), Premier Foods Plc (UK), are few of the top Key Ready-to-Eat Meals Market Players profiled in the MRFR study.

Segmentations:

The Ready-to-Eat Meals Industry has been dissected with regard to type as well as distribution channel.

The main types of ready to eat meals in the market include soups, salads, rice & noodles, pasta & pizzas, gravies & curries, and more.

Store-based and non-store-based are the key distribution channels in the worldwide market. The sub-segments, depending on the store-based type, are convenience stores, supermarkets & hypermarkets, to name a few.

Related Reports:

Biscuits Market Research Report Information By Type (Crackers, Savoury Biscuits and Sweet Biscuits), By Distribution Channel (Independent Bakeries, Online Channels, Convenience Stores, Supermarkets and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2030.

Rapport d'étude de marché sur les cookies : par type (biscuits en barres, biscuits moulés, biscuits roulés, autres), emballage (rigide, flexible, autres), canal de distribution (en magasin, hors magasin) et région - Prévisions jusqu'en 2030

Vitamin-C-Marktforschungsbericht: Nach Typ (Natriumascorbat, Calciumascorbat, Kaliumascorbat, Magnesiumascorbat und andere), Anwendung (Pharma und Nutrazeutika, Lebensmittel und Getränke, Körperpflege und andere) und Region (Nordamerika, Europa, Asien-Pazifik und Rest der Welt) - Prognose bis 2030

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

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