The global ready to eat food market is segmented on the basis of product type into meat/poultry, cereal based, vegetable based and others; by packaging type into canned, chilled, retort and others; by distribution channel into offline and online and by regions. The ready to eat food market to anticipate at a CAGR of 7.5% during the forecast period i.e. 2018-2027.
The ready to eat food market is gaining popularity on the account of urban lifestyle coupled with the increasing demand to preserve various food products such as meat, milk or vegetables. The ready to eat foods are generating acceptance on account of high disposable income of population across the globe.
North America is expected to lead the ready to eat food market during the forecast period on the account of fast paced lifestyle and high disposable income of population. Asia-pacific is following North America and expected to observe highest growth rate during the forecast period on account of increasing change in food habits and high employment rate.
Steady Demand Owing to Busy Schedule
Ready to eat foods are used extensively owing to busy schedule of the consumers across the globe. The rise in employment rate of female population is encouraging the demand for ready to eat food. Additionally, the increasing number of on the go consumers has enhanced the usage of ready to eat food items which contains sufficient amount of nutrients. This is expected to drive the demand for the ready to eat foods during the forecast period.
However, rising health awareness coupled with the increasing demand for the healthy food products is expected to hinder the market growth of the ready to eat food over the forecast period.
The report titled ‘ Global Ready to Eat Food Market : Global Demand Analysis & Opportunity Outlook 2027’ delivers detailed overview of the global ready to eat food market in terms of market segmentation by product type, by packaging type, by distribution channel and by regions.
Ready to eat food are the foods which are canned and refrigerated in order to extend the shelf life. The busy lifestyle has escalated the requirement for ready to eat foods. They can be preserved for longer time in small quantities in order to supply the quantity of nutrients to the consumers.
Ready to eat foods are gaining acceptance in recent years on account of changing food habits and availability of varied product range. Additionally, the urban lifestyle leads to high demand for preserving food products for long duration.
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