North America Ready-to-Eat Meals Market Forecast to 2030
North America Ready-to-Eat Meals Market Forecast to 2030 – Regional Analysis – by Type (Rice Bowls, Wraps, Salads, Burritos, Gravies and Curries, Noodles and Pastas, Pizza, Soups and Stews, Meat Entrees, Burgers, Sandwiches, and Others), Category (Gluten-Free and Conventional), and End User (HoReCa, Institutions, Households, and Others)
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Description
Escalating Sales of Ready-to-Eat Meals through Online Channels Drive the North America Ready-to-Eat Meals Market
Consumers are increasingly seeking healthy, nutritious food options, which has surged the demand for healthy alternatives to conventional foods, such as lactose-free, vegan, gluten-free, lactose-free, high-fiber, high-protein, or low-calorie ready-to-eat meals. Growing demand for healthy food has prompted manufacturers to develop and expand product portfolios according to specific customer requirements. Consumers are more concerned about synthetic additives in food products. Thus, the preference for naturally made products is increasing. Manufacturers are enhancing their product portfolio by launching ready-to-eat meals infusing natural ingredients.
According to data published by Veganuary, a non-profit organization encouraging people to adopt a vegan diet for January, ~5.8 million people signed up for the “Veganuary Campaign” in 2021. The growing adoption of a plant-based diet has prompted manufacturers to develop healthy and nutritious plant-based alternatives to conventional meals. For instance, the Nestlé-owned brand “Freshly” launched an entirely vegan meal line in August 2021. Under its new Purely Plant menu, the chef-prepared meal delivery service offers six options developed to showcase the nutritional benefits and delicious possibilities of plant-based foods. Thus, the growing consumers’ inclination toward healthy diets and clean labels has prompted manufacturers to expand product offerings, fueling the North America ready-to-eat meals market growth globally.
North America Ready-to-Eat Meals Market Overview
The North America ready-to-eat meals market is segmented into the US, Canada, and Mexico. The regional market is influenced by multiple factors such as increasing disposable income, rising spending on convenience food categories and on-the-go food options. Growing emphasis on health-conscious choices propels the demand for ready-to-eat meal options such as rice bowls, wraps, salads, burritos, gravies, and curries made with fresh and nutritious ingredients. Meat entrées and chicken burgers and sandwiches are preferred by health-conscious consumers seeking protein-rich food options. Rising preference for healthy options and ethical considerations drive the demand for organic, gluten-free, and sustainably sourced ingredients in the ready-to-eat products. Ready-to-eat roasted vegetables, mashed vegetables, and vegetable rolls gain immense popularity across North America owing to the rising inclination toward plant-based diets and healthier alternatives. Also, with rising health concerns, people significantly avoid junk food. Therefore, the demand for healthy and nutritious ready-to-eat meals is rising across the food service sector in North America.
Busy urban population is inclined toward convenience food. According to the US Bureau of Labor Statistics (BLS), 69% of the people worked from the office in 2022. Ready-to-eat meals offer convenient solutions, allowing working professionals and other people to quickly access and consume food without spending time on cooking and preparing. Thus, working people are shifting toward ready-to-eat meals to save cooking time and effort, driving the North America ready-to-eat market growth. Since the COVID-19 pandemic, the convenience of online platforms has contributed to the increasing sales of ready-to-eat meals in North America. According to the Food Industry Association (FIA) and American Frozen Food Institute (AFFI), in 2020, ready-to-eat meal sales increased by 21%, and 39% of consumers were recorded as core ready-to-eat meal shoppers, as they consumed frozen ready-to-eat foods daily or every few days during the pandemic. Also, various corporates apply for meal subscriptions containing rice bowls, RTE burgers, frozen meat entrees, and other items to provide their employees with healthy and quick food options. With rising demand for RTE meal subscriptions, emerging market players adopt merger and acquisition, partnership, and collaboration strategies to expand their market share and meet the rising demand. In November 2020, Factor, America’s leading ready-to-eat meal delivery service, acquired HelloFresh, another emerging meal kit delivery service in the region intending to expand its competitive position in the market. Thus, strategic developments by players are expected to open new opportunities in the North America ready-to-eat meals market in the coming years.
North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
North America Ready-to-Eat Meals Market Segmentation
The North America ready-to-eat meals market is segmented based on type, category, end user, and country.
Based on type, the North America ready-to-eat meals market is segmented into rice bowls, wraps, salads, burritos, gravies and curries, noodles and pastas, pizza, soups and stews, meat entrees, burgers, sandwiches, and others. The noodles and pastas segment held the largest share in 2022.
By category, the North America ready-to-eat meals market is bifurcated into gluten-free and conventional. The conventional segment held a larger share in 2022.
By end-use industry, the North America ready-to-eat meals market is segmented into HoReCa, institutions, households, and others. The HoReCa segment held the largest share in 2022.
Based on country, the North America ready-to-eat meals market is segmented into the US, Canada, and Mexico. The US dominated the North America ready-to-eat meals market in 2022.
Calavo Growers Inc, Dandee Sandwich Co, EA Sween Co, Fresh Grill Foods LLC, FreshRealm LLC, Hearthside Food Solutions LLC, Taylor Fresh Foods Inc, TripleSticks Inc, and Tyson Foods Inc are some of the leading companies operating in the North America ready-to-eat meals market.
Summary Info
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According to the Research Team’ research, the North America ready-to-eat meals market was valued at US$ 132,214.56 million in 2022 and is expected to reach US$ 195,418.21 million by 2030, registering a CAGR of 5.0% from 2022 to 2030. Rising demand for convenience food and escalating sales of ready-to-eat meals through online channels are among the critical factors attributed to the North America ready-to-eat meals market expansion.
The consumption of high-quality convenience food has become one of the biggest trends in the food industry. Convenience food, such as ready-to-eat products, ready-to-eat meals, and frozen products, allows consumers to save time and effort associated with ingredient shopping, meal preparation and cooking, consumption, and post-meal activities. Convenience and taste are the major desired attributes among consumers across the globe while buying food. According to the Food and Health Survey of the “International Food Information Council (IFIC),” convenience is a key driver for millennials while purchasing food. At the same time, taste is essential for baby boomers.
Supermarket delivery services-such as Amazon Fresh and Instacart-and meal kit delivery companies-such as Blue Apron-have benefited from the rising preference for convenience and quality. Moreover, they find RTE food handling easy due to the existence of evolved cold supply chains. Such factors boost the demand for convenience food across the globe.
Convenience foods such as ready-to-eat meals are gaining popularity owing to the increasing number of smaller households and dual-income families across the globe. Owing to their hectic work schedules, millennials prefer to be efficient with their time and avoid tedious tasks. Ready-to-eat meals are processed and involve preservation technology, thereby extending product shelf life. The efforts and time saved on food preparation and its convenience of storage and transport have further aided in boosting its demand. According to the “Food and Health Survey 2020” by the International Food Information Council, of 1,011 Americans (aged between 18 and 80 years), 19% of consumers ate more pre-made meals from their pantry or freezer.
On the contrary, risk of microbial contamination hampers the growth of North America ready-to-eat meals market.
Based on type, the North America ready-to-eat meals market is segmented into rice bowls, wraps, salads, burritos, gravies and curries, noodles and pastas, pizza, soups and stews, meat entrees, burgers, sandwiches, and others. The noodles and pastas segment held 23.9% share of the North America ready-to-eat meals market in 2022, amassing US$ 31.56 billion. It is projected to garner US$ 37.52 billion by 2030 to expand at 2.2% CAGR during 2022-2030.
In terms of category, the North America ready-to-eat meals market is bifurcated into gluten-free and conventional. The conventional segment held 73.4% share of the North America ready-to-eat meals market in 2022, amassing US$ 97.07 billion. It is projected to garner US$ 138.18 billion by 2030 to expand at 4.5% CAGR during 2022-2030.
By end-use industry, the North America ready-to-eat meals market is segmented into HoReCa, institutions, households, and others. The HoReCa segment held 39.6% share of the North America ready-to-eat meals market in 2022, amassing US$ 52.41 billion. It is projected to garner US$ 84.59 billion by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on country, the North America ready-to-eat meals market is segmented into US, Canada, and Mexico. The US held 68.5% share of North America ready-to-eat meals market in 2022, amassing US$ 90.53 billion. It is projected to garner US$ 133.31 billion by 2030 to expand at 5.0% CAGR during 2022-2030.
Key players operating in the North America ready-to-eat meals market are Calavo Growers Inc, Dandee Sandwich Co, EA Sween Co, Fresh Grill Foods LLC, FreshRealm LLC, Hearthside Food Solutions LLC, Taylor Fresh Foods Inc, TripleSticks Inc, and Tyson Foods Inc, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America ready-to-eat meals market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ready-to-eat meals market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions:
4. North America Ready-to-Eat Meals Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Ready-to-Eat Meals Manufacturers
4.3.1 Distributors/Suppliers
4.3.2 End Users
4.4 List of Vendors
5. North America Ready-to-Eat Meals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Convenience Food
5.1.2 Escalating Sales of Ready-To-Eat Meals through Online Channels
5.1.3 Availability of Products as per Changing Consumer Preferences
5.2 Market Restraints
5.2.1 Risk of Microbial Contamination
5.3 Market Opportunities
5.3.1 Increasing Usage of Ready-to-Eat Meals by the Food Service Sector
5.4 Future Trends
5.4.1 Innovation in Packaging Technology
5.5 Impact Analysis of Drivers and Restraint
6. Ready-to-Eat Meals Market – North America Market Analysis
6.1 North America Ready-to-Eat Meals Market Revenue (US$ Billion)
6.2 North America Ready-to-Eat Meals Market Forecast and Analysis (2020-2030)
7. North America Ready-to-Eat Meals Market Analysis – Type
7.1 Rice Bowls
7.1.1 Overview
7.1.2 Rice Bowls: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.2 Wraps
7.2.1 Overview
7.2.2 Wraps: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.3 Salads
7.3.1 Overview
7.3.2 Salads: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.4 Burritos
7.4.1 Overview
7.4.2 Burritos: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.5 Gravies and Curries
7.5.1 Overview
7.5.2 Gravies and Curries: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.6 Noodles and Pastas
7.6.1 Overview
7.6.2 Noodles and Pastas: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.7 Pizza
7.7.1 Overview
7.7.2 Pizza: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.8 Soups and Stews
7.8.1 Overview
7.8.2 Soups and Stews: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.9 Meat Entrees
7.9.1 Overview
7.9.2 Meat Entrees: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.10 Burgers
7.10.1 Overview
7.10.2 Burgers: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.11 Sandwiches
7.11.1 Overview
7.11.2 Sandwiches: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
7.12 Others
7.12.1 Overview
7.12.2 Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
8. North America Ready-to-Eat Meals Market Revenue Analysis – By Category
8.1 Overview
8.2 Gluten-Free
8.2.1 Overview
8.2.2 Gluten-Free: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
8.3 Conventional
8.3.1 Overview
8.3.2 Conventional: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
9. North America Ready-to-Eat Meals Market Revenue Analysis – By End User
9.1 Overview
9.2 HoReCa
9.2.1 Overview
9.2.2 HoReCa: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
9.3 Institutions
9.3.1 Overview
9.3.2 Institutions: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
9.4 Households
9.4.1 Overview
9.4.2 Households: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
9.5 Others
9.5.1 Overview
9.5.2 Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
10. North America Ready-to-Eat Meals Market – Country Analysis
10.1 North America Ready-to-Eat Meals Market Revenue and Forecasts and Analysis – By Countries
10.1.1 North America Ready-to-Eat Meals Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 North America Ready-to-Eat Meals Market Breakdown by Country
10.1.1.2 US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
10.1.1.2.1 US: North America Ready-to-Eat Meals Market Breakdown by Type
10.1.1.2.2 US: North America Ready-to-Eat Meals Market Breakdown by Category
10.1.1.2.3 US: North America Ready-to-Eat Meals Market Breakdown by End User
10.1.1.3 Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
10.1.1.3.1 Canada: North America Ready-to-Eat Meals Market Breakdown by Type
10.1.1.3.2 Canada: North America Ready-to-Eat Meals Market Breakdown by Category
10.1.1.3.3 Canada: North America Ready-to-Eat Meals Market Breakdown by End User
10.1.1.4 Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
10.1.1.4.1 Mexico: North America Ready-to-Eat Meals Market Breakdown by Type
10.1.1.4.2 Mexico: North America Ready-to-Eat Meals Market Breakdown by Category
10.1.1.4.3 Mexico: North America Ready-to-Eat Meals Market Breakdown by End User
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 Tyson Foods Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fresh Grill Foods LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Dandee Sandwich Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Taylor Fresh Foods Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Calavo Growers Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Hearthside Food Solutions LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 EA Sween Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 FreshRealm LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TripleSticks Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
LIST OF TABLES
Table 2. List of Vendors in Value Chain
Table 3. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
Table 4. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – Type
Table 5. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – Category
Table 6. North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – End User
Table 7. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Type
Table 8. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Category
Table 9. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By End User
Table 10. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Type
Table 11. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Category
Table 12. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By End User
Table 13. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Type
Table 14. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By Category
Table 15. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion) – By End User
LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis: North America Ready-to-Eat Meals Market
Figure 3. Ecosystem: North America Ready-to-Eat Meals Market
Figure 4. North America Ready-to-Eat Meals Market – Key Industry Dynamics
Figure 5. North America Ready-to-Eat Meals Market Impact Analysis of Drivers and Restraints
Figure 6. North America Ready-to-Eat Meals Market Revenue (US$ Billion), 2020 – 2030
Figure 7. North America Ready-to-Eat Meals Market Share (%) – Type, 2022 and 2030
Figure 8. Rice Bowls: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 9. Wraps: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 10. Salads: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 11. Burritos: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 12. Gravies and Curries: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 13. Noodles and Pastas: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 14. Pizza: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 15. Soups and Stews: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 16. Meat Entrees: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 17. Burgers: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 18. Sandwiches: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 19. Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 20. North America Ready-to-Eat Meals Market Revenue Share, By Category (2022 and 2030)
Figure 21. Gluten-Free: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 22. Conventional: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 23. North America Ready-to-Eat Meals Market Revenue Share, By End User (2022 and 2030)
Figure 24. HoReCa: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 25. Institutions: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 26. Households: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 27. Others: North America Ready-to-Eat Meals Market Revenue and Forecast to 2030 (US$ Billion)
Figure 28. North America Ready-to-Eat Meals Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 29. North America Ready-to-Eat Meals Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. US: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 31. Canada: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 32. Mexico: North America Ready-to-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 33. Company Positioning & Concentration
Figure 34. Heat Map Analysis by Key Players
1. Calavo Growers Inc
2. Dandee Sandwich Co
3. EA Sween Co
4. Fresh Grill Foods LLC
5. FreshRealm LLC
6. Hearthside Food Solutions LLC
7. Taylor Fresh Foods Inc
8. TripleSticks Inc
9. Tyson Foods Inc
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