In a new study titled "Ready-to-eat Food Industry: Worldwide Industry Analysis and Opportunity Assessment, 2016–2026," Coherent Market Insights provides vital insights on the global ready-to-eat food products market. In terms of value, the worldwide ready-to-eat food products market is expected to grow at a robust CAGR of 7.2 percent from 2016 to 2026. Future Market Insights analyzes the global ready-to-eat food products industry performance and provides information on the important variables and trends influencing the market in the study.
Coherent Market Insights analysts believe that an increase in the number of working women, a growing millennial population, and on-the-go consumption patterns will drive expansion in the worldwide ready-to-eat food products market during the projected period. "A large number of packaging technology innovations, such as the introduction of advanced microwave technology, have shifted the focus toward consumption of packaged foods in developed countries such as the United States, Germany, and Russia, resulting in a significant increase in demand for ready-to-eat food products globally." Coherent Market Insights analyst.
However, harmful replacements, inadequate quality and taste, and a growing movement toward a healthier lifestyle are expected to stymie market development in the future years.
Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others), Packaging (Canned, Frozen or Chilled, Retort, Others), and Distribution Channel (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others) are the segments of the global ready-to-eat food products market.