Europe Ready-to-Eat Food Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Europe Ready-to-Eat Food Market Size- By Type, Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: FOOD2440 | Pages: 1 - 154 | Formats*: |
| Category : Food & Beverages | |||
Europe Ready-to-Eat Food Market Introduction and Overview
According to SPER Market Research, the Europe Ready-to-Eat Food Market is estimated to reach USD 118.77 Billion by 2033 with a CAGR of 3.5%.
The report includes an in-depth analysis of the Europe Ready-to-Eat Food Market, including market size and trends, product mix, applications, and supplier analysis. Ready to eat (RTE) food products include a variety of processed and packed foods that can be consumed without further preparation. The ingredients are washed, cooked, processed, frozen, and put into containers for direct consumption. RTE foods commonly include meat products, shelf-stable foods, powder mixes, baked goods, desserts, cheese, and dairy items. These goods contain diverse extracts, acids, flavours, sweeteners, antioxidants, and preservatives. They provide enormous convenience to the user while also reducing meal preparation time, increasing product shelf-life, cost-efficiency, and minimising spoilage and waste.
- April 2022: Nomad Foods and the international innovation network Innoget collaborated to launch an open innovation platform. It will be available to academics, subject matter experts, start-ups, and SMEs interested in forming new collaborations, from ideation to product development and market launch.
- February 2022: Nestle SA purchased a controlling share in Orgain, a plant-based nutrition company that develops powders, snacks, and other products. The key objective behind Nestle SA's acquisition could be to extend its business by incorporating major nutrition-based food goods that are organic in nature, allowing the corporation to match consumers' growing preference for organic products. All of the products in the portfolio will be initially retailed in local Tesco stores in the United Kingdom.
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Market Opportunities and Challenges
The expansion of the ready-to-eat food business is being driven by an increase in the convenience provided in terms of time savings and effort necessary to prepare these meals. Furthermore, as a result of changes in social and economic patterns, increased spending on food and drink, increased awareness of healthy foods, changes in meal patterns and existing eating habits, an increase in the number of ex-pats settling across the region, and a desire to try new products, demand for convenient and instant food, particularly instant pasta, rice, snacks, meat products, and others, is increasing at a rapid pace. Furthermore, ethnic cuisines have been labelled "cultural ambassadors," and ready-made ethnic dinners are increasingly ubiquitous in supermarket aisles. Because these cuisines have gained substantial market share over the last decade, the ready-to-eat ethnic food sector is more likely to rely on ethnic blends from the region.
Young customers spend the majority of their money on easy ready-to-eat food goods. Consumers aged 20 to 30 are the easiest targets for ready-to-eat food manufacturers. This is because these customers are generally working professionals and college students who want assistance cooking at home due to their hectic schedules. The convenience of such products contributes to an increase in overall market demand across the region.
Despite its development, the European ready-to-eat food business presents numerous obstacles. Intense competition among market competitors causes price pressure and margin erosion. Concerns about the nutritional value and health consequences of some ready-to-eat options remain, hurting consumer trust and demand. Supply chain interruptions, compounded by global crises and natural catastrophes, create logistical challenges in ensuring a consistent supply of products. Environmental concerns about the excess packaging waste produced by ready-to-eat foods cause sustainability problems. Regulatory compliance obligations, such as food safety regulations and labelling requirements, present additional challenges to market participants, complicating operations and increasing expenses. Overcoming these obstacles is critical to the industry's long-term growth and profitability.
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Market Competitive Landscape
The European ready-to-eat food market is highly competitive. Manufacturers are increasingly focusing on packaging since it is critical to maintaining product quality, vitamin content, flavour, texture, colour, and shelf life. High industrial profitability has prompted manufacturers to devise effective competitive strategies, increasing competitiveness among current market competitors. Major firms are focusing heavily on product innovation as their primary approach for consolidating the market under study. The major key players in the Europe Ready-to-Eat Food Market are: Conagra Brands, Inc., Dr August Oetker Nahrungsmittel KG, Ebro Foods, S.A., Frosta Aktiengesellschaft (FRoSTA AG), McCain Foods Limited, Nestlé S.A., Nomad Foods Ltd, Premier Foods Group Limited, The Kellogg Company, The Kraft Heinz Company, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Distribution Channel |
| Regions covered | France, Germany, Italy, Russia, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Conagra Brands Inc., Dr August Oetker Nahrungsmittel KG, Ebro Foods, S.A., Frosta Aktiengesellschaft (FRoSTA AG), McCain Foods Limited, Nestlé S.A., Nomad Foods Ltd, Premier Foods Group Limited, The Kellogg Company, The Kraft Heinz Company, Others |
COVID-19 Impact on Europe Ready-to-Eat Food Market
The COVID-19 outbreak has increased the demand for convenience foods. During the pandemic, consumers were continuously purchasing ready-to-eat or ready-to-cook meals since they were widely available and inexpensive. Severe lockdown measures have been enforced by all restaurants, hotels, and shopping malls, affecting eating habits around the world owing to lockdown and public safety precautions. As dining-out options were restricted, many individuals turned to home-cooked meals and packaged ready foods that could be delivered to their homes by many supermarkets or hypermarkets, as well as e-commerce grocery shop home delivery possibilities. Fear of spreading the illness in public places has driven people to buy packaged and long-life Ready to Eat meals instead of fresh meals.
Key Target Audience
- Consumers
- Retailers
- Foodservice Providers
- Food Manufacturers
- Distributors and Wholesalers
- Caterers
- Health-Conscious Consumers
- Busy Professionals
- Travelers
- Others
Our in-depth analysis of the Europe Ready-to-Eat Food Market includes the following segments:
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| By Distribution Channel: |
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| By Region: |
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Key Topics Covered in the Report
- Europe Ready-to-Eat Food Market Size (FY’2024-FY’2033)
- Overview of Europe Ready-to-Eat Food Market
- Segmentation of Europe Ready-to-Eat Food Market By Form (Instant Breakfast/Cereals, Instant Soups, Frozen Snacks, Meat Snacks, Ready Meals, Instant Noodles)
- Segmentation of Europe Ready-to-Eat Food Market By Distribution Channel (Convenience Stores/Grocery stores, Hypermarkets/Supermarkets, Online Retail Stores, Other Distribution Channels)
- Statistical Snap of Europe Ready-to-Eat Food Market
- Expansion Analysis of Europe Ready-to-Eat Food Market
- Problems and Obstacles in Europe Ready-to-Eat Food Market
- Competitive Landscape in the Europe Ready-to-Eat Food Market
- Impact of COVID-19 and Demonetization on Europe Ready-to-Eat Food Market
- Details on Current Investment in Europe Ready-to-Eat Food Market
- Competitive Analysis of Europe Ready-to-Eat Food Market
- Prominent Players in the Europe Ready-to-Eat Food Market
- SWOT Analysis of Europe Ready-to-Eat Food Market
- Europe Ready-to-Eat Food Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Ready-to-Eat Food Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Ready-to-Eat Food Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Ready-to-Eat Food Market
7. Europe Ready-to-Eat Food Market, By Type (USD Million)
7.1. Europe Ready-to-Eat Food Market Value Share and Forecast, By Type, 2024-20337.2. Instant Breakfast/Cereals7.3. Instant Soups7.4. Frozen Snacks7.5. Meat Snacks7.6. Ready Meals7.7. Instant Noodles
8. Europe Ready-to-Eat Food Market, By Distribution Channel (USD Million)
8.1. Europe Ready-to-Eat Food Market Value Share and Forecast, By Distribution Channel, 2024-20338.2. Convenience Stores/Grocery stores8.3. Hypermarkets/Supermarkets8.4. Online Retail Stores8.5. Other Distribution Channels
9. Europe Ready-to-Eat Food Market Forecast, 2020-2033 (USD Million)
9.1. Europe Ready-to-Eat Food Market Size and Market Share
10. Europe Ready-to-Eat Food Market, By Type, 2020-2033 (USD Million)
10.1. Europe Ready-to-Eat Food Market Size and Market Share By Type (2020-2026)10.2. Europe Ready-to-Eat Food Market Size and Market Share By Type (2027-2033)
11. Europe Ready-to-Eat Food Market, By Distribution Channel, 2020-2033 (USD Million)
11.1. Europe Ready-to-Eat Food Market Size and Market Share By Distribution Channel (2020-2026)11.2. Europe Ready-to-Eat Food Market Size and Market Share By Distribution Channel (2027-2033)
12. Europe Ready-to-Eat Food Market, By Region, 2020-2033 (USD Million)
12.1. Europe Ready-to-Eat Food Market Size and Market Share By Region (2020-2026)12.2. Europe Ready-to-Eat Food Market Size and Market Share By Region (2027-2033)12.3. France12.4. Germany12.5. Italy12.6. Russia12.7. Spain12.8. United Kingdom12.9. Rest of Europe
13. Company Profile
13.1. Conagra Brands, Inc.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Dr August Oetker Nahrungsmittel KG
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Ebro Foods, S.A.
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Frosta Aktiengesellschaft (FRoSTA AG)
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. McCain Foods Limited
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Nestlé S.A.
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Nomad Foods Ltd
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Premier Foods Group Limited
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. The Kellogg Company
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. The Kraft Heinz Company
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Ready-to-Eat Food Market is projected to reach USD 118.77 Billion by 2033, growing at a CAGR of 3.5% during the forecast period.
Europe Ready-to-Eat Food Market grew in Market size from 2022. The Market is expected to reach USD 118.77 Billion by 2033, at a CAGR of 3.5% during the forecast period.
Europe Ready-to-Eat Food Market CAGR of 3.5% during the forecast period.
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Europe Ready-to-Eat Food Market size is USD 118.77 Billion from 2024 to 2033.
Europe Ready-to-Eat Food Market Segment is covered By Type, By Function, By End User.
The Europe is anticipated to have the highest Market share in the Europe Ready-to-Eat Food Market.
The key players in the Market include Companies Covered Conagra Brands Inc., Dr August Oetker Nahrungsmittel KG, Ebro Foods, S.A., Frosta Aktiengesellschaft (FRoSTA AG), McCain Foods Limited, Nestlé S.A., Nomad Foods Ltd, Premier Foods Group Limited, The Kellogg Company, The Kraft Heinz Company, Others
RTE foods commonly include meat products, shelf-stable foods, powder mixes, baked goods, desserts, cheese, and dairy items.
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