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TECHNAVIO.COM 21 GLOBAL READY MEALS MARKET 2016-2020 An increased cost of living and the growing concerns about food wastage worldwide allow for chilled ready meals vendors to develop better connect with consumers by launching value-for-money chilled ready meals in the market. Global canned ready meals market Market size and forecast The global canned ready meals market was valued at $11.28 billion in 2015. It is expected to reach $13.43 billion in 2020, growing at a CAGR of 3.55%. Global canned ready meals market 2015-2020($ billions) Source: Technavio, 2015 A growing preference for portion meals among consumers is driving the market in this segment. Portion meals generally preferred as canned products. Canned soup is a major sub-segment of this category. Food products in this segment are preserved immediately after the preparation when the nutritional content, freshness and quality of ingredients are high. The overall cost of this segment is comparatively higher than the other segments. Moreover, the products delivered under this segment are also limited. This will result in declining its market share during the forecast period Some of the popular canned ready meal brands in the market include Chef Boyardee, Heinz, and Dinty Moore. 11.28 11.65 12.05 12.47 12.94 13.43 3.14% 3.30% 3.38% 3.56% 3.70% 3.82% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 10.0 10.5 11.0 11.5 12.0 12.5 13.0 13.5 14.0 2015 2016 2017 2018 2019 2020 Revenue Growth rate EMISPDF in-isb_emis from 202.174.120.162 on 2018-07-27 15:04:30 BST. DownloadPDF. Downloaded by in-isb_emis from 202.174.120.162 at 2018-07-27 15:04:30 BST. EMIS. Unauthorized Distribution Prohibited.
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TECHNAVIO.COM 22 GLOBAL READY MEALS MARKET 2016-2020 Global dried ready meals market Market size and forecast The global dried ready meals market was valued at $9.71 billion in 2015, and is expected to reach $12.23 billion in 2020, growing at a CAGR of 4.72%. Global dried ready meals market 2015-2020 ($ billions) Source: Technavio, 2015 The demand for dried ready meals is growing the fastest among other product segments. Increased product launches in the dried ready meals category are driving the rapid growth. Rise in urbanization, leading to hectic lifestyles of consumers, has resulted in an increasing number of consumers preferring packaged foods to cooking at home. The rising working women population is also contributing to the cause. Easy packaging and storage of dried ready meals are other factors driving growth in this segment. The shelf life of dried ready meals is also higher than canned or chilled ready meals. Some of the most popular brands for dried ready meals include Mountain House, Maggi, Knorr, and Velveeta. 9.71 10.14 10.61 11.12 11.66 12.23 3.99% 4.43% 4.67% 4.76% 4.82% 4.93% 0% 1% 2% 3% 4% 5% 6% 0 2 4 6 8 10 12 14 2015 2016 2017 2018 2019 2020 Revenue Growth rate EMISPDF in-isb_emis from 202.174.120.162 on 2018-07-27 15:04:30 BST. DownloadPDF. Downloaded by in-isb_emis from 202.174.120.162 at 2018-07-27 15:04:30 BST. EMIS. Unauthorized Distribution Prohibited.
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TECHNAVIO.COM 23 GLOBAL READY MEALS MARKET 2016-2020 Market overview Market segmentation by geography Global ready meals market by geography 2015 Source: Technavio, 2015 Europe dominated the market in 2015. The launch of innovative ready meal products
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  • Summer '18
  • Sagar Arora
  • Marketing, TV dinner, ready meals, EMIS. Unauthorized, ready meals market

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