Global Frozen Ready Meals Market 2019-2023 | Evolving Opportunities With Conagra Brands Inc. and General Mills Inc. | Technavio
LONDON--(BUSINESS WIRE)--Nov 6, 2019--
Technavio has been monitoring the global frozen ready meals market since 2016 and the market is poised to grow by USD 21.95 billion during 2019-2023, progressing at a CAGR of about 5% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global frozen ready meals market 2019-2023. (Graphic: Business Wire)
Read the 120-page research report with TOC on “Frozen Ready Meals Market Analysis Report by Product (Frozen entrée, Frozen pizza, and Other frozen ready meals), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023”.
The market is driven by the convenience offered by frozen ready meals. In addition, the rising popularity and demand for vegan, gluten-free, and organic frozen ready meals is anticipated to further boost the growth of the frozen ready meals market.
Factors such as rapid industrialization, growing population, and hectic work schedules of working professionals have increased the demand for readymade food products or frozen ready meals. The growing demand for quality and variety is encouraging manufacturers to introduce variants of frozen ready meals such as frozen pizzas with a variety of toppings. Such food products are especially popular among older millennials or the parents with children aged between 7 to 12. Thus, the convenience offered by frozen ready meals is expected to drive market growth during the forecast period.
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Major Five Frozen Ready Meals Market Companies:
Conagra Brands Inc.
Conagra Brands Inc. is headquartered in the US and owns and operates businesses under various segments such as Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial Foods. The company has introduced a wide variety of frozen ready meals under its brand name, EVOL.
General Mills Inc.
General Mills Inc. is headquartered in the US and offers products through the following business units: North America Retail, Convenience Stores & Foodservice, Europe & Australia, and Asia & Latin America. The company has introduced a wide variety of frozen ready meals under its brand name, Totino’s.
Nestlé is headquartered in Switzerland and has business operations under various business segments, namely Zone EMENA, Zone AMS, Zone AOA, Nestlé Waters, and Other businesses. The company has introduced a wide variety of frozen ready meals under its brand name, DiGiorno.
Nomad Foods is headquartered in the UK and offers products through the business segment, Frozen. The company has introduced a wide variety of frozen ready meals under its brands such as Aunt Bessie’s, Goodfella’s, Findus, La Cocinera, and iglo.
Tyson Foods Inc.
Tyson Foods Inc. is headquartered in the US and offers products through the following business segments: Beef, Chicken, Prepared Foods, Pork, and Other. The company has introduced a wide variety of frozen ready meals under its brands such as Jimmy Dean, Tyson, Barber Foods, Bosco’s, and others.
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Frozen Ready Meals Product Outlook (Revenue, USD Million, 2019 - 2023)
Frozen Ready Meals Regional Outlook (Revenue, USD Million, 2019 - 2023)
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Related Reports on Consumer Staplesare:
Frozen Food Market – Global Frozen Food Market by product (frozen ready meals, frozen meat and poultry, frozen fish and seafoods, frozen fruits and vegetables, frozen potato products, and frozen soups).
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PUB: 11/06/2019 07:30 AM/DISC: 11/06/2019 07:30 AM