A leading global market research company, Meticulous Research®, recently published a report titled "Frozen Ready Meals Market by Type (Vegetarian Meals, Chicken Meals, and Beef Meals) and Distribution Channel (Food Chain Services, Modern Trade, Convenience Stores, Departmental Stores, and Online Stores)—Global Forecast to 2029."

According to the report, the frozen ready meals market is expected to reach a valuation of $130.67 billion by 2029, growing at a CAGR of 5.4% from 2022 to 2029. This growth is fueled by the rising demand for convenience foods, an increasing working population, a surge in new product launches, and the rapid development of hypermarkets and supermarkets in urban areas.

Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5321

Moreover, the digitalization of the retail sector is likely to present significant growth opportunities for the market. However, the market's growth is hindered by negative perceptions regarding the health implications of frozen foods and stringent FDA regulations on food freezing. Additionally, the challenge of frozen food warehousing remains a significant concern for industry players.

The market is categorized based on type, distribution channel, and geography. The report also examines the competitive landscape and analyzes the market at the country level.

Based on type, the market is segmented into vegetarian meals, chicken meals, beef meals, and other meals. The vegetarian meals segment is expected to hold the largest share of the market in 2022. This segment's dominance is driven by the increasing consumer shift towards vegan frozen food products. The rising popularity of plant-based dairy alternatives and meat substitutes in developed countries like the U.K. and U.S. has led to the introduction of new frozen vegan products, such as vegan frozen bowls, fillets, and veggie balls.

However, the beef meals segment is projected to experience significant growth over the forecast period. This growth is mainly due to beef's high protein content and the substantial consumption and import of frozen beef in Asian countries and across the globe.

Regarding distribution channels, the market is segmented into modern trade, food chain services, convenience stores, departmental stores, online stores, and other distribution channels. The modern trade segment is expected to lead the market in 2022, driven by the expanding number of supermarkets in emerging markets like China and India and the growing consumer demand for ready meals in developed countries.

However, the online stores segment is anticipated to witness rapid growth during the forecast period. This growth is driven by the increasing preference for consumer convenience, the availability of more significant discounts compared to traditional trade channels, and the broader product selection offered by online platforms.

Geographically, Europe is expected to dominate the market in 2022. The large market share of Europe is attributed to factors such as changing lifestyles, increased consumption of frozen beef, heightened consumer awareness of the advantages of frozen foods, a preference for ready-to-eat meals, and supportive regulations. Furthermore, retail and consumer packaged food service providers in Europe are offering value-added frozen ready meals at competitive prices, further boosting market growth in the region during the forecast period.

Key Players:

The key players operating in the frozen ready meals market are General Mills, Inc. (U.S.), Nestlé S.A. (Switzerland), Conagra Brands, Inc. (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Wiltshire Farm Foods (U.K.), Daiya Foods Inc. (Canada), Sigma Alimentos, S.A de C.V. (Mexico), Agrarfrost GmbH & Co. KG (Germany), Himalaya Food International Ltd. (India), J.R. Simplot Company (U.S.), Mondelēz International, Inc. (U.S.), Coöperatie Koninklijke Cosun U.A. (Netherlands), and Nomad Foods Limited (U.K.), among others.

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, distribution channel, and geography?
What is the historical market size for frozen ready meals across the globe?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the frozen ready meals market?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
How is the competitive landscape for the frozen ready meals market?
What are the recent developments in the frozen ready meals market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the frozen ready meals market, and how do they compete with other players?

Quick Buy : https://www.meticulousresearch.com/Checkout/68018214

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research