Frozen Ready Meals Market Set to Surge, Projected to Attain $130.67 Billion by 2029

Category: Business

Meticulous Research®, a distinguished leader in global market research, unveils its latest report titled, "Frozen Ready Meals Market: Insights by Type (Vegetarian Meals, Chicken Meals, Beef Meals) and Distribution Channels (Food Chain Services, Modern Trade, Convenience Stores, Departmental Stores, and Online Stores)—Global Forecast to 2029." The frozen ready meals market is poised to skyrocket, projecting to reach an impressive $130.67 billion by 2029, showcasing a robust CAGR of 5.4% from 2022 to 2029. This meteoric growth trajectory is underpinned by several key factors including the escalating demand for convenient food solutions, the burgeoning working population, a surge in innovative product launches, and the proliferation of hypermarkets and supermarkets, particularly in urban centers. Download Free Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5321 Moreover, the advent of digitalization within the retail sector is anticipated to unfurl significant opportunities for market expansion. However, challenges such as prevalent negative perceptions surrounding the health implications of frozen foods and stringent regulatory frameworks imposed by the FDA concerning food freezing pose notable hurdles to market growth. Additionally, the logistics intricacies associated with frozen food warehousing present a formidable challenge for industry players. Diving deeper into the market landscape, the report segments the frozen ready meals market by type, distribution channel, and geography while providing a comprehensive analysis of industry rivals at the country level. Type-wise Segmentation: • Vegetarian Meals • Chicken Meals • Beef Meals • Other Meals Browse in depth @ https://www.meticulousresearch.com/product/frozen-ready-meals-market-5321 In 2022, the vegetarian meals segment is slated to dominate the frozen ready meals market, driven by an escalating consumer preference for vegan fare. The burgeoning demand for plant-based alternatives underscores a paradigm shift towards healthier dietary choices, particularly evident in developed nations such as the U.K. and the U.S. Nevertheless, the beef meals segment is poised for remarkable growth during the forecast period, buoyed by its high protein content and robust demand, particularly from Asian markets and globally. Distribution Channel Analysis: 1. Modern Trade 2. Food Chain Services 3. Convenience Stores 4. Departmental Stores 5. Online Stores 6. Other Distribution Channels While the modern trade segment is poised to retain its dominance in 2022, owing to a burgeoning network of supermarkets, the online stores segment is anticipated to witness exponential growth in the foreseeable future. This surge is fueled by evolving consumer preferences favoring convenience, coupled with the availability of enticing discounts and an extensive product selection. Request Sample Report : https://www.meticulousresearch.com/request-sample-report/cp_id=5321 Geographical Insights: In 2022, Europe is anticipated to seize the lion's share of the frozen ready meals market. This dominance is attributed to shifting lifestyle patterns, burgeoning consumption of frozen beef, heightened consumer awareness regarding the benefits of frozen foods, and favorable regulatory frameworks. Furthermore, retail outlets and consumer packaged food service providers across Europe are offering value-added frozen ready meals, catering to consumer demands at competitive price points, thereby bolstering market momentum throughout the forecast period. Key Market Players: General Mills, Inc. (U.S.), Nestlé S.A. (Switzerland), Conagra Brands, Inc. (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Wiltshire Farm Foods (U.K.), Daiya Foods Inc. (Canada), Sigma Alimentos, S.A de C.V. (Mexico), Agrarfrost GmbH & Co. KG (Germany), Himalaya Food International Ltd. (India), J.R. Simplot Company (U.S.), Mondelēz International, Inc. (U.S.), Coöperatie Koninklijke Cosun U.A. (Netherlands), and Nomad Foods Limited (U.K.), among others. Quick Buy @ https://www.meticulousresearch.com/Checkout/68018214 Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research