Market Overview

The global prepared meals market was valued at USD 166.62 billion in 2023 and is expected to expand to USD 305.68 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.02% during the forecast period. In the United States, the market is projected to reach USD 61.52 billion by 2032, driven by rising demand for processed foods and increasing income levels. In 2023, Europe led the global market, accounting for a 33.49% share.

This information is provided by Fortune Business Insights, in its report titled**, “Prepared Meals Market, 2024-2032.”**

List of Key Players Covered in the Report

• General Mills (U.S.)
• NestleA.(Switzerland)
• Tyson Foods (U.S.)
• ConAgra Brands (U.S.)
• Dr Oetker (Germany)
• Green Mill Foods (U.S.)
• Unilever (U.K.)
• M. Smucker Co. (U.S.)
• McCain Foods (Canada)
• Kellogg Company (U.S.)

Segments

Rising Consumer Preference for Frozen and Chilled Meals to Trigger the Demand Growth

Based on product, the global market is segmented into frozen meals, chilled meals, and canned meals. Frozen meals segment accounted for the largest share in the market and is among the most popular product categories globally.

Supermarkets & Hypermarkets to hold Substantial Market Share, Owing to Availability of Multiple Brands

Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment dominated the market, owing to the availability of a wide options of ready meals and ease of accessibility.

Based on geography, the global market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.