Europe Ready-to-Eat Food Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Breakfast Cereals, Ready Meals, Instant Soups and Noodles, Snacks, Baked Goods & Confectioneries, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
The ready-to-eat food market in Europe is expected to grow from US$ 252.29 billion in 2021 to US$ 336.34 billion by 2028. It is estimated to grow at a CAGR of 4.3% from 2021 to 2028.
Ready-to-eat food manufacturers are making significant investments in product innovation to attract a large number of consumers. They are offering organic, gluten-free, sugar-free, and plant-based products and products suitable for a keto diet, which meet various requirements of consumers. Companies such as Kellogg's Company, Nestle SA, and General Mills produce various nutritious RTE products in different flavors and varieties. For instance, General Mills released a range of instant oatmeal cereals in 2021.
Moreover, people are focusing on convenience food products while maintaining the nutritional balance in their diets. With the flourishing trend of veganism, manufacturers are also venturing into a plant-based food segment. For instance, the Nestlé-owned brand, Freshly, launched its first fully vegan meal line in August 2021. Under its new Purely Plant menu, the chef-prepared meal delivery service will offer 6 options developed to showcase plant-based foods' nutritional benefits and delicious possibilities.
Similarly, in 2020, Gardein launched five new varieties of soups prepared from plant-based meat alternatives, made with 100% vegan ingredients. Such product innovations help companies extend their reach in domestic markets and gain a competitive edge in international markets.
Leading manufacturers are employing creative strategies, such as new product releases and production capacity scaleup, to serve their customers better and satisfy their growing demands. In May 2018, Del Monte Foods, Inc., a prominent processed food company, launched a canned Gold Pineapple line with a major focus on teenagers as a target consumer group. Major RTE product manufacturers are collaborating and partnering with other market players to launch innovative products in the market. In January 2021, Nomad Foods announced plans to acquire the Frozen Foods (FFBG) business of Fortenova Group, which includes Ledo, Frokom, and other frozen brands. The acquisition of FFBG would extend Nomad's portfolio into new and developing European markets while creating scope for potential future consolidation in Central and Eastern Europe. Such initiatives by manufacturers are creating lucrative growth opportunities in the ready-to-eat food market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe ready-to-eat food market at a substantial CAGR during the forecast period.
Europe Ready-to-Eat Food Market Revenue and Forecast to 2028 (US$ Billion)
Europe Ready-to-Eat Food Market Segmentation
The Europe ready-to-eat food market is segmented on the basis of product type, distribution channel, and country.
Based on product type, the market is segmented into breakfast cereals, ready meals, instant soups and noodles, snacks, baked goods & confectioneries, and others. In 2021, the others segment held a larger market share, and the ready meal segment is expected to register a higher CAGR during the forecast period.
Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. In 2021, the supermarkets & hypermarkets segment held the largest market share, and the online retail segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. In 2021, the Rest of Europe held the largest market share, and France is expected to grow at the fastest CAGR during the forecast period.
Nestlé SA; Conagra Brands Inc.; The Kraft Heinz Company; General Mills Inc.; MTR Foods Pvt Ltd.; Hormel Foods Corporation; Tyson Foods, Inc.; JBS S.A.; and The Kellogg Company are a few leading companies in the Europe ready-to-eat food market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-Economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Ready-to-Eat Food Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Ready-to-Eat Food Market Dynamics
5.1 Market Drivers
5.1.1 Firm Preference for Convenience Food Among Millennials
5.1.2 Growing Working Women Population
5.2 Market Restraints
5.2.1 High Risk of Microbial Contamination in RTE Products
5.3 Market Opportunities
5.3.1 Burgeoning Innovations in RTE Products and Strategic Developments by Manufacturers
5.4 Future Trends
5.4.1 Elevating Consumer Inclination Toward Low-Fat, Low-Sugar, and Nutritious RTE Products
5.5 Impact Analysis of Drivers and Restraints
6. Europe Ready-to-Eat Food Market Analysis
6.1 Ready-to-Eat Food Market Overview
6.2 Europe Ready-to-Eat Food Market – Revenue and Forecast to 2028
7. Europe Ready-to-Eat Food Market Analysis – by Product Type
7.1 Overview
7.2 Europe Ready-to-Eat Food Market, by Product Type (2021 and 2028)
7.3 Breakfast Cereals
7.3.1 Overview
7.3.2 Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Ready Meals
7.4.1 Overview
7.4.2 Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.5 Instant Soups and Noodles:
7.5.1 Overview
7.5.2 Instant Soups and Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.6 Snacks:
7.6.1 Overview
7.6.2 Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.7 Baked Goods and Confectioneries:
7.7.1 Overview
7.7.2 Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8. Europe Ready-to-Eat Food Market Analysis – by Distribution Channel
8.1 Overview
8.2 Europe Ready-to-Eat Food Market, by Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9. Europe Ready-to-Eat Food Market – Country Analysis
9.1 Overview
9.1.1 Europe: Ready-to-Eat Food Market, by Key Country
9.1.1.1 Germany: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.1.1 Germany: Ready-to-Eat Food Market, by Product Type
9.1.1.1.2 Germany: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.2 France: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.2.1 France: Ready-to-Eat Food Market, by Product Type
9.1.1.2.2 France: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.3 Italy: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.3.1 Italy: Ready-to-Eat Food Market, by Product Type
9.1.1.3.2 Italy: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.4 UK: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.4.1 UK: Ready-to-Eat Food Market, by Product Type
9.1.1.4.2 UK: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.5 Russia: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.5.1 Russia: Ready-to-Eat Food Market, by Product Type
9.1.1.5.2 Russia: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.6 Rest of Europe: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
9.1.1.6.1 Rest of Europe: Ready-to-Eat Food Market, by Product Type
9.1.1.6.2 Rest of Europe: Ready-to-Eat Food Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Nestlé SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Conagra Brands Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 The Kraft Heinz Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 General Mills Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 MTR Foods Pvt Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Hormel Foods Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Tyson Foods, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 JBS S.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 The Kellogg Company
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. Germany Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 3. Germany Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 4. France Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 5. France Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 6. Italy Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
Table 7. Italy Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 8. UK Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
Table 9. UK Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Russia: Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Russia: Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Rest of Europe Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 13. Rest of Europe Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Ready-to-Eat Food Market Segmentation
Figure 2. Europe Ready-to-Eat Food Market Segmentation – by Country
Figure 3. Europe Ready-to-Eat Food Market Overview
Figure 4. Europe Ready-to-Eat Food Market, by Distribution Channel
Figure 5. Europe Ready-to-Eat Food Market, by Country
Figure 6. Europe Ready-to-Eat Food Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: Europe Ready-to-Eat Food Market
Figure 10. Europe Ready-to-Eat Food Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Europe Ready-to-Eat Food Market Revenue Share, by Product Type (2021 and 2028)
Figure 13. Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 14. Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Instant Soups And Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Europe Ready-to-Eat Food Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 20. Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Geographic Overview of Europe Ready-to-Eat Food Market
Figure 25. Europe: Ready-to-Eat Food Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. Germany: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Figure 27. France: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Italy: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Figure 29. UK: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Russia: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Rest of Europe: Ready-to-Eat Food Market –Revenue and Forecast to 2028 (US$ Billion)
Some of the leading companies are:
- Nestlé SA
- Conagra Brands Inc.
- The Kraft Heinz Company
- General Mills Inc.
- MTR Foods Pvt Ltd.
- Hormel Foods CorporationTyson Foods, Inc.
- JBS S.A.
- The Kellogg Company
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe ready-to-eat food market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe ready-to-eat food market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the ready-to-eat food market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution