Market players are focusing on integrating sustainable solutions such as 3D printing in order to accomplish operational efficacy.
DUBAI, UAE / ACCESSWIRE / November 16, 2020 / Future Market Insights: The dinner RTE food market is projected to grow at a healthy CAGR during the assessment period, 2020-2030. The market growth can be primarily attributed to a change in consumers' food preferences for RTE food products due to the hectic work schedules and busy lifestyles of individuals. Market players are emphasizing launching healthier and nutritious products to maintain their market share in the coming years.
'The global market is anticipated to come out stronger despite the recessionary downturn inflicted by COVID-19 outbreak, due to the growing requirement for preparedness amidst perceived shortfalls.' concludes the FMI analyst.
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- Europe to retain its market dominance throughout the forecast period, however, APAC will come out as the fastest-growing market.
- Frozen dinner RTE food will remain the most lucrative segment due to their extended shelf-life and increasing requirement to stockpile essential food by consumers to remain at ease amid the crisis.
- E-commerce remains the preferred channel throughout the forecast period.
- Launch of unique nutrient-rich combination and flavor foodstuffs to address rising health concerns will continue to complement market growth.
- Rapid advancements in technology such as the integration of additive manufacturing are rendering high growth prospects in the market.
- Convenience in cooking and increased shelf life is supporting the market over the forecast period.
- Health concerns in relation to ready to eat food are creating bottlenecks for widespread adoption.
- Surging causes of obesity along with other lifestyle diseases continue to remain a major impediment in the global market.
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Coronavirus Impact on the Market
The global demand for dinner RTE food has been severely affected by the onset of the COVID-19 outbreak, like other industries. However, the market is anticipated to enjoy sturdy growth with ease of restrictions. Furthermore, the global population is still following a stay at home orders that has led to stocking up on essential supplies as well as maintaining a positive trend for instant food.
Leading companies operating in the global dinner RTE food market are Findus Group, General Mills Inc., The Kraft Heinz Company Ltd., Tyson Food Inc., Unilever NV, Sigma Alimentos S.A de C.V., Nestle SA, Greencore Group Plc., Hormel Food Corporation, ITC Limited, and Smithfield Food Inc.
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About the Study
The study offers readers a comprehensive assessment of the Dinner RTE Food market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to product (frozen dinner RTE food, chilled dinner RTE food & canned dinner RTE food) and distribution channel (supermarkets/hypermarkets, independent retailers, convenience stores & others) across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Scenario Assessment of the Impact of COVID-19 on Dinner RTE Foods Market
3.1. Current Scenario/ Immediate Actions
3.2. Market Scenario and the Forward Path
3.2.1. Global Dinner RTE Foods Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2020-2023) and Long Term (2024-2030)
22.214.171.124. Optimistic Scenario
126.96.36.199.3. Euro Zone
188.8.131.52.4. Asia Pacific
184.108.40.206.5. Rest of the World
220.127.116.11. Likely Scenario
18.104.22.168.3. Euro Zone
22.214.171.124.4. Asia Pacific
126.96.36.199.5. Rest of the World
188.8.131.52. Pessimistic Scenario
184.108.40.206.3. Euro Zone
220.127.116.11.4. Asia Pacific
18.104.22.168.5. Rest of the World
3.3. Key Factors Impacting the Market
3.4. Case Studies- Lessons from the companies that survived & thrived in the last recession
4. Key Market Trends
4.1. Key Trends Impacting the Market
4.2. Product Innovation / Development Trends
5. Key Success Factors
5.1. Product Adoption / Usage Analysis
5.2. Product USPs / Features
5.3. Strategic Promotional Strategies
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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