Product Code: TIPRE00030041
Americas ready-to-eat meals market is expected to grow from US$ 177.81 billion in 2022 to US$ 266.44 billion by 2030. It is expected to grow at a CAGR of 5.2% from 2022 to 2030.
In the past few years, the lifestyle of consumers has evolved due to hectic work schedules and rising dependency on convenience food, ready-to-eat products, ready-to-cook products, and frozen food products. The food industry is witnessing a surge in the consumption of high-quality convenience food. Convenience food, ready-to-eat, and ready-to-cook products allow consumers to save time and effort associated with ingredient shopping, meal preparation, cooking, consumption, and post-meal activities. People prefer ready-to-eat meals to avoid cooking time and efforts. This factor has significantly contributed toward the growth of ready-to-eat meals market across the Americas.
Based on end user, the Americas ready-to-eat meals market is segmented into HoReCa, institutions, households, and others. In 2022, HoReCa segment held a significant market share, and is expected to be the fastest growing segment during the forecast period. HoReCa (Hotel, Restaurant, Catering) encompasses the food service industry comprising hospitality and food service restaurants. HoReCa includes hotels, cafes, restaurants, and bars, generally providing a wide range of cuisines and a diversified menu of food and beverages. Hotels and restaurants also require customized meal options for specific customer requirements. Customer requirements have further prompted major market players to develop varied products, thereby encouraging innovation and diversification in the market. High product offerings by major manufacturers enable quick service restaurants to offer consumers with convenient dining options and extensive menus.
Americas ready-to-eat meals market growth is attributed to the growing sales of ready-to-eat meals through online channels. The emergence of e-commerce has transformed how people shop and purchase food products. The growing penetration of the internet and smartphones, quick access to emerging technologies, rising purchasing power, and convenience provided by online retail shopping platforms are among the key factors bolstering e-commerce. According to the US Department of Commerce Retail Indicator Division, e-commerce sales in the US reached US$ 870 billion in 2021, up by 14.2% from 2020. Furthermore, online grocery sales grew by 170% in 2021 than 2020, accounting for 9.6% of total grocery sales in the US. People are increasingly preferring online retail channels for buying ready-to-eat meals. The online sales of food and beverages grew significantly during the COVID-19 outbreak due to the shutdown of brick-and-mortar stores and the imposition of several social restrictions by governments of various countries across the globe. Thus, the increasing prevalence of online channels and rising food product sales are contributing to the growth of the ready-to-eat meals market.
Closures of restaurants, institutions and universities, and initiation of home schooling and work from home during pandemic increased the frequency of home cooking. Pandemic also affected eating and buying behavior of customers and led to growing interest for home cooking and baking. A report by Agri-Food Analytics Lab at Dalhousie University revealed that 55.9% people prepared most of the meals themselves in Canada in 2020. Therefore, lockdowns resulted in initial decline in the ready-to-eat meals sales in America. The sales of ready-to-eat meals increased with the resumption of services by quick service restaurants, cafes, at the end of 2021. The revival of supermarkets, food service, and food retail increased the sales of ready-to-eat meals, further amplified by growing food product sales from e-commerce platforms.
Tyson Foods Inc, SK Chilled Foods Ltd, Fresh Grill Foods LLC, Dandee Sandwich Co, Taylor Fresh Foods Inc, Calavo Growers Inc, and Hearthside Food Solutions LLC, are among the leading players in the Americas ready-to-eat meals market. These companies are adopting strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer bases.
The overall Americas ready-to-eat meals market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants, including valuation experts, research analysts, and key opinion leaders-specializing in the Americas ready-to-eat meals market.
Reasons to Buy:
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- Scrutinize in-depth Americas market trends and outlook coupled with the factors driving the ready-to-eat meals market as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights: Americas Ready-To-Eat Meals Market
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Americas 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
- 4.2.1 Threat of New Entrants
- 4.2.2 Intensity of Competitive Rivalry
- 4.2.3 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Ready-to-Eat Meals Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 4.4 List of Potential Buyers
5. Ready-To-Eat Meals Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand for Ready-to-Eat Meals
- 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 Contamination
- 5.3 Market Opportunities
- 5.3.1 Increasing Usage of Ready-to-Eat Meals by Food Service Sector
- 5.4 Future Trends
- 5.4.1 Innovation in Packaging Technology
- 5.4.2 Consumer Preferences for Products with Claims
- 5.5 Impact Analysis
6. Americas Ready-To-Eat Meals Market - Regional Market Analysis
- 6.1 Americas Ready-To-Eat Meals Market Revenue (US$ Billion)
- 6.2 Americas Ready-To-Eat Meals Market Forecast and Analysis
7. Americas Ready-to-Eat Meals Market Analysis - Type
- 7.1 Type Market Forecasts and Analysis
- 7.2 Rice Bowls
- 7.2.1 Overview
- 7.2.2 Rice Bowls Market Revenue and Forecast to 2030 (US$ Billion)
- 7.3 Wraps
- 7.3.1 Overview
- 7.3.2 Wraps Market Revenue and Forecast to 2030 (US$ Billion)
- 7.4 Salads
- 7.4.1 Overview
- 7.4.2 Salads Market Revenue and Forecast to 2030 (US$ Billion)
- 7.5 Burritos
- 7.5.1 Overview
- 7.5.2 Burritos Market Revenue and Forecast to 2030 (US$ Billion)
- 7.6 Gravies and Curries
- 7.6.1 Overview
- 7.6.2 Gravies and Curries Market Revenue and Forecast to 2030 (US$ Billion)
- 7.7 Noodles and Pastas
- 7.7.1 Overview
- 7.7.2 Noodles and Pastas Market Revenue and Forecast to 2030 (US$ Billion)
- 7.8 Pizza
- 7.8.1 Overview
- 7.8.2 Pizza Market Revenue and Forecast to 2030 (US$ Billion)
- 7.9 Soups and Stews
- 7.9.1 Overview
- 7.9.2 Soups and Stews Market Revenue and Forecast to 2030 (US$ Billion)
- 7.10 Meat Entrees
- 7.10.1 Overview
- 7.10.2 Meat Entrees Market Revenue and Forecast to 2030 (US$ Billion)
- 7.11 Burgers
- 7.11.1 Overview
- 7.11.2 Burgers Market Revenue and Forecast to 2030 (US$ Billion)
- 7.12 Sandwiches
- 7.12.1 Overview
- 7.12.2 Sandwiches Market Revenue and Forecast to 2030 (US$ Billion)
- 7.13 Others
- 7.13.1 Overview
- 7.13.2 Others Market Revenue and Forecast to 2030 (US$ Billion)
8. Americas Ready-to-Eat Meals Market Analysis - Category
- 8.1 Category Market Forecasts and Analysis
- 8.2 Gluten-Free
- 8.2.1 Overview
- 8.2.2 Gluten-Free Market Revenue and Forecast to 2030 (US$ Billion)
- 8.3 Conventional
- 8.3.1 Overview
- 8.3.2 Conventional Market Revenue and Forecast to 2030 (US$ Billion)
9. Americas Ready-to-Eat Meals Market Analysis - End User
- 9.1 End User Market Forecasts and Analysis
- 9.2 HoReCa
- 9.2.1 Overview
- 9.2.2 HoReCa Market Revenue and Forecast to 2030 (US$ Billion)
- 9.3 Institutions
- 9.3.1 Overview
- 9.3.2 Institutions Market Revenue and Forecast to 2030 (US$ Billion)
- 9.4 Households
- 9.4.1 Overview
- 9.4.2 Households Market Revenue and Forecast to 2030 (US$ Billion)
- 9.5 Others
- 9.5.1 Overview
- 9.5.2 Others Market Revenue and Forecast to 2030 (US$ Billion)
10. Americas Ready-To-Eat Meals Market - Geographical Analysis
- 10.1 Americas Ready-To-Eat Meals Market, Revenue and Forecasts To 2030
- 10.1.1 Overview
- 10.1.2 Americas Ready-To-Eat Meals Market Revenue and Forecasts and Analysis - By Countries
- 10.1.2.1 Ready-To-Eat Meals Market Breakdown by Country
- 10.1.2.2 US Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.2.1 US Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.2.2 US Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.2.3 US Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.3 Mexico Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.3.1 Mexico Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.3.2 Mexico Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.3.3 Mexico Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.4 Brazil Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.4.1 Brazil Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.4.2 Brazil Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.4.3 Brazil Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.5 Argentina Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.5.1 Argentina Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.5.2 Argentina Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.5.3 Argentina Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.6 Chile Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.6.1 Chile Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.6.2 Chile Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.6.3 Chile Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.7 Peru Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.7.1 Peru Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.7.2 Peru Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.7.3 Peru Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.8 Colombia Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.8.1 Colombia Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.8.2 Colombia Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.8.3 Colombia Ready-To-Eat Meals Market Breakdown by End User
- 10.1.2.9 Rest of Americas Ready-To-Eat Meals Market Revenue and Forecasts to 2030 (US$ Billion)
- 10.1.2.9.1 Rest of Americas Ready-To-Eat Meals Market Breakdown by Type
- 10.1.2.9.2 Rest of Americas Ready-To-Eat Meals Market Breakdown by Category
- 10.1.2.9.3 Rest of Americas 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 SK Chilled Foods Ltd
- 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 Fresh Grill Foods LLC
- 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 Dandee Sandwich Co
- 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 Taylor Fresh Foods 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 Calavo Growers Inc
- 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 Hearthside Food Solutions LLC
- 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 EA Sween Co
- 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 FreshRealm LLC
- 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
- 12.10 TripleSticks Inc
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About Us
- 13.2 Glossary and Terms