Market Trends of North America Ready-to-Eat Food Industry
This section covers the major market trends shaping the North America Ready-to-Eat Food Market according to our research experts:
Convenience of Use Driving the Ready-to-Eat Food Market
The convenience of time-saving and the little effort required to prepare these meals is driving the expansion of the ready meals sector. Furthermore, the working population and millennials are more interested in these meals because they only require heating before consumption, reducing overall effort. Manufacturers are working on producing novel products to meet rising demand and gain significant market share. For example, Freshly Inc., the meal delivery service owned by Nestle SA, unveiled a new product line in 2020 for consumers "seeking to command their health and power active lifestyles." FreshlyFit ready-to-eat meals are based on keto, paleo, and plant-based diet principles.
Ready-to-Eat market is Projected to Grow at the Significant Growth Rate
The North American Ready-to-Eat Food Market accounted for the greatest revenue share in 2021, and it is expected to continue to dominate the market between 2022 and 2027, owing to rising consumer demand for ready-to-eat meals and baked goods, and frozen foods in the region. With the increasing working population, customers prefer ready-to-eat meals to save time and effort.
