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.
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.
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:
|
By Type:
|
Instant Breakfast/Cereals
Instant Soups
Frozen Snacks
Meat Snacks
Ready Meals
Instant Noodles
|
|
By Distribution Channel:
|
Convenience Stores/Grocery stores
Hypermarkets/Supermarkets
Online Retail Stores
Other Distribution Channels
|
|
By Region:
|
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Ready-to-Eat Food Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2024-2033
7.2. Instant Breakfast/Cereals
7.3. Instant Soups
7.4. Frozen Snacks
7.5. Meat Snacks
7.6. Ready Meals
7.7. 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, 2024-2033
8.2. Convenience Stores/Grocery stores
8.3. Hypermarkets/Supermarkets
8.4. Online Retail Stores
8.5. 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. France
12.4. Germany
12.5. Italy
12.6. Russia
12.7. Spain
12.8. United Kingdom
12.9. Rest of Europe
13. Company Profile
13.1. Conagra Brands, Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Dr August Oetker Nahrungsmittel KG
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Ebro Foods, S.A.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Frosta Aktiengesellschaft (FRoSTA AG)
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. McCain Foods Limited
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Nestlé S.A.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Nomad Foods Ltd
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Premier Foods Group Limited
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. The Kellogg Company
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. The Kraft Heinz Company
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope