The global Dinner RTE Foods Market Size stood at $116.7 Billion in 2022 and is poised to register 6.2% growth over the forecast period 2023 to 2030. Growing demand for innovative and convenient packaging, growth in multiple and single-serve foods, and demand from developing countries will drive robust market growth.
Dinner RTE Foods Market Analysis
Demand from the growing middle-class population, consumer preference for quick meal solutions, clean labeling foods, and e-commerce growth will support the market growth. However, challenges such as the drive towards healthy and fresh foods, product recalls, intense competition, and threats from low-quality substitutes continue to challenge market growth.
Among different product types, frozen foods continue to dominate the global market, driven by a wide range of products marketed in the category, the ability to retain freshness, and marketing in diverse flavors and ingredients. On the other hand, canned foods are quickly emerging in the industry, driven by customer preference and increasing product launches.
In terms of distribution channels, the organized retail sector dominates the industry. However, strong growth in e-commerce and online delivery of foods is anticipated amidst increasing consumer orientation and investments from companies. As consumers tend to spend more when they order online, companies are increasingly setting up online portals and marketing through established channels such as Amazon, food networks, and others. Big Brands are moving to cut out the middleman bypassing chain retailers. In addition, increased demand for ‘food to go’ in service stations and convenience stores provides strong support for quick meal options.
Amidst intense competition and the foray of small and local players, companies are struggling to retain subscribers. New entrants, traditional grocers, venture capital, established CPG brands and private equity funds are facing tough challenges in sustaining profitability. Accordingly, companies are focusing on targeting customers according to their needs and at different times of the day and for different eating occasions.
Average commute times get longer seemingly every year, ensuring that working adults get home late at night and accordingly, demand for ready-to-consume foods is increasing rapidly. Most people who buy meal kits do so in hopes of saving time. In addition, companies are emphasizing promoting nutritional value, organic and healthy ingredients, and efficiency across the supply chain.
Many consumers are trying to change their diets, preferring healthy food. Accordingly, food with a Function is being increasingly launched in the RTE foods market. Companies are building on rapid advances in technology to fuel consumers’ expectations by providing immediate and real-time responses to their demands and needs.
Market Dynamics
Market Trend- Increasing demand for premium RTE food products supports new product launches
To cater to niche markets with higher purchasing power, companies are focusing on premium RTE foods. Emphasis on healthier products, superior quality, packaging designs to attract premium customers, nutrient information, and freshness is being observed by companies in the segment.
Further, innovations such as low sugar foods, low sodium content, non-microwave, self-heating, chilling, and other improvements are being observed. The majority of the premium RTE segment serves single-serve packs with trendy design packaging.
The volume of customers who prefers premium RTE foods to traditional dinner meals is increasing significantly, which will provide a strong boost to the market size.
Market Driver- Organized retailing offers strong opportunities for growth across emerging economies
The organized retail market continues to grow steadily despite the penetration of online channels. RTE dinner foods are largely made available through organized retail stores as most consumers find these stores convenient for shopping. Supermarkets and hypermarkets hold the maximum share of RTE foods and RTE meals. Urbanization, and increasing disposable incomes in emerging countries coupled with the rapid expansion of supermarkets in these markets encourage market growth.
Market Segmentation
The global Dinner RTE Food Market is segmented into Types, Distribution Channels, and Countries.
Frozen foods are the most consumed type of Dinner RTE Foods in 2022
Frozen foods have improved texture, color, and better retention of taste when compared to other products. Frozen foods are thawed or microwaved before consumption and comprise foods such as pizza, frozen chicken, frozen vegetables & fruits, meat, fish & marine produce, and ready meals. As these are convenient alternatives to cooking, they are widely preferred by customers across markets.
Freezing extends the shelf life of fruits & vegetables, fish & marine produce, etc while keeping their wholesomeness and nutrition intact. Manufactured typically through quick freezing and freeze-drying methods, frozen foods are free from microbial attacks and are relatively healthy compared to other RTE dinner options. This is largely because most frozen foods do not have any preservatives or shelf-life extenders
Global trade of frozen products has gained significant momentum, fuelled by increased consumption of frozen food products in the emerging markets of Asia Pacific and South America. However, the demand for frozen foods in developing countries is relatively low. To increase the consumption of frozen foods, the awareness of consumers at all levels regarding better hygienic standards, as well as the wholesomeness of these foods is a key challenge.
Amid intensifying competition in the industry, frozen food producers are launching foods with diverse spice ingredients, and herbs, cooked efficiently to retain taste and aroma and health benefits.
E-commerce platforms are rapidly growing during the forecast period
E-commerce opens up new growth prospects for RTE foods and beverages manufacturers. Online retail stores are gaining popularity as they offer shopping convenience without time and location restrictions and also improve the interactivity between buyers and sellers. E-commerce distribution also enables companies to communicate information about their new products. Further, the development of data analytics tools presents opportunities to target individual customers.
North America dominates the global Dinner RTE Foods market for the period 2023 to 2030
The Dinner RTE Foods market is one of the high-prospect markets in the food and beverages industry, driven by strong demand from North America and Europe. The US dominates the North American Dinner RTE Foods Market.
The United States RTE Dinner foods market is projected to have a strong outlook in coming years owing to the continued growth in retail and volume sales for convenience foods. Further, the trend towards singular-person families, and shrinking household trends has resulted in the preference for RTE foods rather than conventional sit-down dinner meals.
In addition to pizzas, chicken, and meat products, companies are manufacturing dinner options with legumes, rice, grains, and others. Further, foods with high nutritional value, providing an instant source of energy are among the key healthy foods consumed in the region.
The U.S. population aged more than 65 is anticipated to reach 25% by the end of 2021. This will lead to more demand for RTE foods, which are in an edible form without an additional preparation step.
However, changing dietary patterns along with a lack of physical activities has resulted in huge obesity problems. The obesity prevalence in the United States touched more than 93 million of the population with 35% shown as young adults and 42% among middle-aged adults and 41% among older adults. This can pose challenges to overall market growth.
Segmentation
By Type
By Distribution Channel
By Region
Key Players
Leading companies profiled in the study include-
Dinner RTE Food Market Outlook 2023
1 Market Overview
1.1 Introduction to Dinner RTE Food Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Dinner RTE Food Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Dinner RTE Food Market Companies with Area Served
4.2.2 Products Offerings Global Dinner RTE Food Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Dinner RTE Food Market Trends
6.1 Global Dinner RTE Food Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Dinner RTE Food Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Dinner RTE Food Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Dinner RTE Food Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Dinner RTE Food Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Dinner RTE Food Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Dinner RTE Food Development Regional Status and Outlook
8.1 Global Dinner RTE Food Revenue (USD Million) By Regions (2018-2022)
8.2 North America Dinner RTE Food Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Dinner RTE Food Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Dinner RTE Food Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Dinner RTE Food Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Dinner RTE Food Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Dinner RTE Food Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
8.5 South America Dinner RTE Food Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Dinner RTE Food Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Dinner RTE Food Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Dinner RTE Food Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Dinner RTE Food Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Dinner RTE Food Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Dinner RTE Food Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Dinner RTE Food Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Dinner RTE Food Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Dinner RTE Food Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Dinner RTE Food Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Dinner RTE Food Development Regional Status and Outlook Forecast
11.1 Global Dinner RTE Food Revenue (USD Million) By Regions (2023-2028)
11.2 North America Dinner RTE Food Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Dinner RTE Food Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Dinner RTE Food Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Dinner RTE Food Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Dinner RTE Food Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Dinner RTE Food Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Dinner RTE Food Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Dinner RTE Food Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Dinner RTE Food Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Dinner RTE Food Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Dinner RTE Food Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Dinner RTE Food Revenue (USD Million), by Applications (2023-2028)
11.5 South America Dinner RTE Food Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Dinner RTE Food Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Dinner RTE Food Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Dinner RTE Food Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Dinner RTE Food Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Dinner RTE Food Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Dinner RTE Food Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Dinner RTE Food Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Dinner RTE Food Market Companies with Areas Served
Table 3 Products Offerings Global Dinner RTE Food Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Dinner RTE Food Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Dinner RTE Food Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Dinner RTE Food Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 11 Global Dinner RTE Food Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Dinner RTE Food Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Dinner RTE Food Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Dinner RTE Food Market Share (%) By Regions (2018-2022)
Table 16 North America Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Table 17 North America Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 18 North America Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Table 26 South America Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 27 South America Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 33 Global Dinner RTE Food Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Dinner RTE Food Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Dinner RTE Food Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Dinner RTE Food Revenue (USD)By Country (2023-2028)
Table 38 North America Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 39 North America Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Table 47 South America Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 48 South America Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Dinner RTE Food Revenue Market Share (%) By Type (2022)
Figure 5 Global Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Dinner RTE Food Revenue Market Share (%) By Applications (2022)
Figure 7 Global Dinner RTE Food Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Dinner RTE Food Market Share (%) By Regions (2022)
Figure 9 North America Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Dinner RTE Food Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Dinner RTE Food Revenue Market Share (%) By Type (2028)
Figure 26 Global Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Dinner RTE Food Revenue Market Share (%) By Applications (2028)
Figure 28 Global Dinner RTE Food Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Dinner RTE Food Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Dinner RTE Food Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global Dinner RTE Foods Market Size stood at $116.7 Billion in 2022.
The market is poised to register 6.2% growth over the forecast period 2023 to 2030
General Mills, ITC, Kraft Heinz, Nestle, Unilever, McCain Foods Limited, Sigma Alimentos, Campbell Soup, Conagra Brands, Inc, Schwan's Company
Canned foods, E-commerce, and Asia Pacific are the fastest-growing segments in the market.