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Dinner Ready-to-Eat (RTE) Food Market, Global Outlook and Forecast 2024-2030

Dinner Ready-to-Eat (RTE) Food Market, Global Outlook and Forecast 2024-2030

  • Published on : 02 July 2024
  • Pages :71
  • Report Code:SMR-7965808

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Report overview

The global Dinner Ready-to-Eat (RTE) Food market was valued at US$ 118300 million in 2023 and is projected to reach US$ 146110 million by 2030, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

This report studies the Dinner RTE Foods market, RTE Foods refers to Ready-to-eat Foods.

Ready to eat meal products are often referred to as convenience food, for the convenience they provide to the hectic life of people. They are readymade food or almost readymade food that just requires boiling.

This report aims to provide a comprehensive presentation of the global market for Dinner Ready-to-Eat (RTE) Food, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dinner Ready-to-Eat (RTE) Food. This report contains market size and forecasts of Dinner Ready-to-Eat (RTE) Food in global, including the following market information:

  • Global Dinner Ready-to-Eat (RTE) Food Market Revenue, 2019-2024, 2025-2030, ($ millions)
  • Global Dinner Ready-to-Eat (RTE) Food Market Sales, 2019-2024, 2025-2030, (Kiloton)
  • Global top five Dinner Ready-to-Eat (RTE) Food companies in 2023 (%)

North America occupied the largest market share with about 40%. It was followed by Europe and Asia-Pacific with 30% and 20%. Nestle, Unilever, Kraft Heinz, McCain Foods Limited and General Mills are the leaders of the global Dinner RTE Foods market, and these top 5 companies hold nearly 30% market share.

Depending on the process of production and packaging, they are segmented into canned food, frozen food and chilled food. And because the major drivers of the market arent specific to any region but are globally influencing the market, hence ready to eat meal products market is fast growing uphill and has become the largest market in food industry globally.

Demographic Insights

  1. Age Groups:

    • Millennials (24-39 years): 45% of RTE food consumers fall into this age group, highlighting their preference for convenience due to busy lifestyles.
    • Generation Z (18-23 years): 30% of the market comprises younger consumers, drawn to the variety and instant gratification of RTE meals.
    • Baby Boomers (55-73 years): Representing 15% of RTE food consumers, this group values the ease of preparation and portion control that these meals offer.
  2. Gender:

    • Male Consumers: 52% of RTE food purchasers are male, often citing convenience and time-saving as primary reasons for their choices.
    • Female Consumers: 48% of female consumers opt for RTE meals, with a focus on healthy options and meal variety.

Economic and Social Factors

  1. Income Levels:

    • High-Income Earners: 40% of RTE food consumers come from higher income brackets, valuing the premium, gourmet options available in the market.
    • Middle-Income Earners: The largest segment, at 50%, consists of middle-income individuals who balance affordability with the convenience of RTE meals.
    • Low-Income Earners: 10% of the market includes low-income consumers who turn to budget-friendly RTE options as a practical solution for their dietary needs.
  2. Urban vs. Rural:

    • Urban Dwellers: 70% of RTE food consumption occurs in urban areas where fast-paced lifestyles drive demand for quick meal solutions.
    • Rural Areas: 30% of RTE consumers are from rural regions, often purchasing these products for their long shelf life and convenience.

Consumer Behavior and Preferences

  1. Meal Frequency:

    • Daily Consumers: 25% of users consume RTE meals daily, integrating them as a staple part of their diet.
    • Weekly Consumers: 50% consume RTE meals several times a week, often as a convenient alternative to home-cooked meals.
    • Occasional Consumers: 25% purchase RTE meals occasionally, typically during travel or busy periods.
  2. Health and Wellness:

    • Health-Conscious Buyers: 60% of consumers look for healthier RTE options, including low-calorie, organic, and gluten-free meals.
    • Traditional Preferences: 40% prefer traditional, comfort food varieties, favoring taste and familiarity over health aspects.

Technological and Market Trends

  1. Online vs. Offline Purchases:

    • Online Shopping: 35% of RTE food purchases are made online, driven by the rise of e-commerce platforms and food delivery services.
    • In-Store Shopping: 65% of consumers still prefer to buy their RTE meals from physical stores, enjoying the immediacy and the ability to inspect products before purchase.
  2. Packaging and Sustainability:

    • Eco-Friendly Options: 55% of consumers are influenced by sustainable packaging, preferring brands that prioritize environmentally friendly materials.
    • Convenience Packaging: 45% value packaging that enhances convenience, such as microwave-safe containers and resealable packs.

The Dinner Ready-to-Eat food market continues to evolve, driven by diverse consumer demographics and changing lifestyle patterns. The demand for convenience, coupled with a growing interest in health and sustainability, shapes the purchasing behaviors and preferences of modern consumers.

We surveyed the Dinner Ready-to-Eat (RTE) Food manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Dinner Ready-to-Eat (RTE) Food Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (Kiloton)
Global Dinner Ready-to-Eat (RTE) Food Market Segment Percentages, by Type, 2023 (%)

  • Frozen & Chilled Ready Meals
  • Canned Ready Meals
  • Dried Ready Meals
Global Dinner Ready-to-Eat (RTE) Food Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Kiloton)
Global Dinner Ready-to-Eat (RTE) Food Market Segment Percentages, by Application, 2023 (%)
  • Supermarkets/Hypermarkets
  • Independent Retailers
  • Convenience Stores
  • Other
Global Dinner Ready-to-Eat (RTE) Food Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Kiloton)
Global Dinner Ready-to-Eat (RTE) Food Market Segment Percentages, By Region and Country, 2023 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Dinner Ready-to-Eat (RTE) Food revenues in global market, 2019-2024 (Estimated), ($ millions)
  • Key companies Dinner Ready-to-Eat (RTE) Food revenues share in global market, 2023 (%)
  • Key companies Dinner Ready-to-Eat (RTE) Food sales in global market, 2019-2024 (Estimated), (Kiloton)
  • Key companies Dinner Ready-to-Eat (RTE) Food sales share in global market, 2023 (%)
key players include:
  • General Mills Inc.
  • Findus Group
  • The Kraft Heinz Company Ltd.
  • Unilever NV
  • Tyson Food Inc.
  • Sigma Alimentos S.A de C.V.
  • Greencore Group Plc.
  • Nestle SA
  • Hormel Food Corporation
  • Smithfield Food Inc
  • ITC Limited
  • JBS

Outline of Major Chapters:
Chapter 1: Introduces the definition of Dinner Ready-to-Eat (RTE) Food, market overview.
Chapter 2: Global Dinner Ready-to-Eat (RTE) Food market size in revenue and volume.
Chapter 3: Detailed analysis of Dinner Ready-to-Eat (RTE) Food manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Dinner Ready-to-Eat (RTE) Food in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Dinner Ready-to-Eat (RTE) Food capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.