Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others), By Countries (US, Canada) and competitive landscape
Product Code: ETC003308 | Publication Date: Jul 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Ready-to-Eat Food Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Ready Meals |
The North America Ready-to-Eat Food Market report comprehensively covers the market by Product Types, Distribution Channels, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Ready-to-Eat Food Market is experiencing robust growth, driven by changing consumer lifestyles and the increasing demand for convenience foods.
According to 6Wresearch, the North America Ready-to-Eat Food Market is projected to grow at a CAGR of 5.8% from 2025-2031. The ready meals segment is the fastest-growing sector, fueled by a growing preference for quick and easy meal options among busy consumers. Additionally, the rising awareness of healthy eating habits has led to an increased demand for nutritious ready-to-eat products. The market is further supported by innovations in food packaging and preservation techniques that enhance product shelf life.
Nevertheless, the market faces several challenges. High competition and price sensitivity among consumers can limit profit margins for manufacturers. Moreover, concerns about the nutritional content and preservatives in Ready-to-Eat Foods may impact consumer perception and demand. Additionally, fluctuations in raw material prices can affect production costs, posing a challenge for consistent pricing strategies.
Key players in the North America Ready-to-Eat Food Market include Nestlé S.A., Conagra Brands, and Kraft Heinz. Nestlé S.A. offers a wide range of frozen meals and snacks, catering to diverse consumer tastes. Conagra Brands is known for its innovation in ready-to-eat meals, providing convenient options with a focus on health and wellness. Kraft Heinz specializes in ready-to-eat meat products and baked goods, leveraging its strong brand portfolio to maintain a significant market presence.
The North American governments are encouraging healthy eating habits through various initiatives and regulations. These include guidelines for labeling nutritional information, promoting the reduction of sodium and sugar content in processed foods, and supporting local food production. Additionally, there are initiatives to improve food safety standards, which benefit the Ready-to-Eat Food market by ensuring high-quality products. Governments are also supporting the development of online retail infrastructure, facilitating easier access to a wide range of ready-to-eat products.
The North America Ready-to-Eat Food Market is expected to witness significant growth in the coming years. The increasing trend of on-the-go lifestyles is anticipated to drive demand for convenient meal solutions. Innovations in product offerings, such as organic and plant-based ready meals, are expected to attract health-conscious consumers. The expansion of e-commerce platforms is also likely to boost market growth, providing consumers with easy access to a variety of ready-to-eat products. Furthermore, sustainability in packaging and the use of natural preservatives are expected to become key trends, aligning with the growing consumer demand for eco-friendly and health-focused options. Overall, the market is set to expand, driven by convenience, innovation, and consumer preferences for healthy and sustainable products.
According to Ravi Bhandari, Research Head, 6Wresearch, ready meals dominate the market due to their convenience and variety, catering to diverse consumer tastes and dietary needs.
Hypermarkets and supermarkets lead in distribution due to their wide range and accessibility, while online retail stores are rapidly gaining traction, offering convenience and variety.
The United States holds the largest market share, driven by a large consumer base and diverse product offerings. Canada is also experiencing growth, supported by rising health awareness and a preference for convenience foods.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. North America Ready to Eat Food Market Overview |
3.1 Country Indicators |
3.2 North America Ready to Eat Food Market Revenues, 2021-2031F |
3.3 North America Ready to Eat Food Market Revenue Share, By Distribution Channel, 2021 & 2031F |
3.4 North America Ready to Eat Food Market Revenue Share, By Product Type, 2021 & 2031F |
3.5 North America Ready to Eat Food Market - Industry Life Cycle |
3.6 North America Ready to Eat Food Market - Porter’s Five Forces |
4. North America Ready to Eat Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. North America Ready to Eat Food Market Trends |
6. North America Ready to Eat Food Market Overview, By Product Types |
6.1 North America Instant Breakfast/Cereals Ready to Eat Food Market Revenues, 2021-2031F |
6.2 North America Instant Soups and Snacks Ready to Eat Food Market Revenues, 2021-2031F |
6.3 North America Ready Meals Ready to Eat Food Market Revenues, 2021-2031F |
6.4 North America Meat Products Ready to Eat Food Market Revenues, 2021-2031F |
6.5 North America Baked Goods Ready to Eat Food Market Revenues, 2021-2031F |
6.6 North America Other Ready to Eat Food Market Revenues, 2021-2031F |
7. North America Ready to Eat Food Market Overview, By Distribution Channels |
7.1 North America Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2021-2031F |
7.2 North America Ready to Eat Food Market Revenues, By Convenience Stores, 2021-2031F |
7.3 North America Ready to Eat Food Market Revenues, By Online Retail Stores, 2021-2031F |
7.4 North America Ready to Eat Food Market Revenues, By Others, 2021-2031F |
8. Canada Ready to Eat Food Market Overview |
8.1 Canada Ready to Eat Food Market Revenue and Volume, 2021-2031F |
8.2 Canada Ready to Eat Food Market Revenue Share, By Product Type, 2021 & 2031F |
8.3 Canada Ready to Eat Food Market Revenue Share, By Distribution Channel, 2021 & 2031F |
9. US Ready to Eat Food Market Overview |
9.1 US Ready to Eat Food Market Revenue and Volume, 2021-2031F |
9.2 US Ready to Eat Food Market Revenue Share, By Product Type, 2021 & 2031F |
9.3 US Ready to Eat Food Market Revenue Share, By Distribution Channel, 2021 & 2031F |
12. North America Ready to Eat Market Key Performance Indicators |
13. North America Ready to Eat Market Competitive Landscape |
13.1 North America Ready to Eat Market By Companies, 2024 |
13.2 Canada Ready to Eat Market By Companies, 2024 |
13.3 US Ready to Eat Market By Companies, 2024 |
14. Company Profiles |
15. Key Strategic Recommendations |
16. Disclaimer |