DUBLIN, June 29, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Dinner RTE Foods Market 2017-2021" report to their offering.
The global dinner RTE foods market to grow at a CAGR of 6.15% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global dinner RTE foods market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is high demand for premium RTE food products. Premium RTE foods promise extravagance in product quality, packaging, taste, color, freshness, vitamin content, texture, taste, and shelf life. The consumers in the global RTE foods market are increasingly seeking premium RTE foods that offer much more value than their traditional counterparts. With growing concerns over health and wellness among consumers, the demand for premium real meals is increasing. Consumers are seeking products that contain ingredients that are procured locally. Locally procured ingredients are perceived to be healthier, since they go through fewer processing cycles than other RTE foods. This trend is expected to become a significant factor in RTE foods innovation in the long run, wherein more emphasis would be given to premium RTE foods.
According to the report, one driver in market is rise in number of working women and rising number of single households. The increased number of working women globally has boosted the consumers' demand for pureed baby foods. In addition, rising urbanization and the growth of the middle-class population have significantly encouraged consumers to adopt convenience-oriented lifestyles which, in turn, is making RTE foods a desirable option. Vendors in the market are developing marketing and advertising strategies to increase the use of RTE foods among the singles. The rising number of singles along with growing divorce rates globally has led to an increase in the number of single households.
Further, the report states that one challenge in market is fluctuating raw material prices. Raw materials like the aluminum, plastic, and paper for packaging, have volatile prices based on their availability. Also, the widening gap between demand and supply in recent years has increased the costs of raw material substantially. Any increase in the price of raw materials such as plastic resins, not only increases the manufacturing cost of packaging but also leads to reduced profit margins for vendors. This, along with the need to remain competitive in the market, causes manufacturers to experiment with cheaper substitutes. In addition, suppliers of raw materials have the power to price their products at competitive and different prices.
- General Mills
- Kraft Heinz
Other prominent vendors
- Greencore Group
- Hormel Foods
- Sigma Alimentos
- Smithfield Foods
- Schwan's Shared Services
- Tyson Foods
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/3x3vcl/global_dinner_rte
Laura Wood, Senior Manager
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SOURCE Research and Markets