Rising disposable income along with shifting consumer preferences towards convenient and healthy food is expected to significantly drive the production sales of ready-to-eat foods. Apart from this, increasing demand for fried food products and snacks have been significantly driving the production sales of ready-to-eat food over the forecast period.
Future Market Insights has stated in a recent study of theirs that there is likely to be a healthy growth by 7.2% CAGR of the ready-to-eat food market during the projected period, 2016-2026. Likewise, the ready-to-eat food market is likely to reach an evaluation of approximately US$ 195.3Bn by 2026-end. Initiating effective ready-to-eat food for end-users has been apparently considered as a vital trend, which supports in driving the overall growth of ready-to-eat food market. The report furthermore provides highly satisfactory information regarding the growth of ready-to-eat food market, for the approaching years.
Our analysts that have been holding an important position during the development of report have made sure that they have delivered an exceptionally beneficial insight on the subject of expansion of ready-to-eat-food market, through 2026. Furthermore, our analysts had spent incredible efforts, for catering to the growing concerns of market spectators and industry sponsors regarding ready-to-eat food market.
Is it possible that you state some of the foremost reasons that stand out while driving the growth of ready-to-eat food market?
Oh yes. Definitely I can. One of the foremost reason behind the significant growth of ready-to-eat food market is the increasing population of the working women. Apart from this, busy work schedules, growing millennial population as well as on-the-go eating habits have been significantly driving the growth of ready-to-eat food market.
Can you mention some of the prevailing trends in the ready-to-eat food market?
Yes. Sure. According to the current scenario, the trend prevailing in the ready-to-eat food market is organized retail, which is in demand on a larger basis.
Is it possible that you state some of the foremost reasons that stand out while restraining the growth of ready-to-eat food market?
Yes. It is. One of the foremost reasons for restraining the growth of ready-to-eat food market has been low quality and unhealthy substitutes as well as shifts in needs with regards to taste and healthier lifestyle.
What do you think the manufacturers will be doing for the growth of ready-to-eat food market?
Well, analysis indicates that manufacturers together with key players will be developing effective strategies for the purpose of developing efficient bit-sized ready-to-eat and on-the-go meals. This is inclusive of catering to the increasing needs of consumers with regards to health benefits and taste. Mainly, manufacturers and key players are working on developing effective organic and natural food products of ready-to-eat, especially taking into account the growing needs of health conscious consumers.
In the ready-to-eat food market, region-wise, can you state some beneficial insights?
Sure. I can. When it comes to regions in the ready-to-eat food market, analysis indicates that APEJ will dominate the ready-to-eat food market during the forecast period, especially with regards to revenue growth. North America followed by Eastern Europe and Latin America are likely to prove lucrative for the global market in the near future.
Can you specify just the players that are currently leading in the ready-to-eat food market?
Well, analysis has clearly indicated ITC Limited, Greencore Group plc, McCain Foods, Nomad Foods Ltd., ConAgra Foods Inc., Sisters Food Group and General Mills amongst others are the players that are currently leading in the ready-to-eat food market.
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