Global Ready Meals Market Size & Outlook, 2019-2027

The ready meals industry worldwide is expected to reach a projected revenue of US$ 244,289.3 million by 2027. A compound annual growth rate of 5.5% is expected of the worldwide ready meals industry from 2020 to 2027.
Revenue, 2019 (US$M)
$159,148.5
Forecast, 2027 (US$M)
$244,289.3
CAGR, 2020 - 2027
5.5%
Report Coverage
Worldwide

Global ready meals market highlights

  • An overview of the global ready meals market trends heading towards 2027. The global market generated a revenue of USD 159,148.5 million in 2019 and is expected to reach USD 244,289.3 million by 2027.
  • The overall growth of the global market from 2019 to 2027. The market is expected to grow at a CAGR (2020 - 2027) of 5.5% to attain a revenue of USD 244,289.3 million by 2027.
  • A look at the global market revenues per segment in 2019. In terms of segment, frozen and chilled accounted for a revenue of USD 80,714.9 million in 2019.
  • The segment witnessing the fastest revenue growth within the market. Canned is the most lucrative product segment registering the fastest growth during the forecast period.
  • An overview of global market per region and country. In terms of region, North America was the largest revenue generating market in 2019. Country-wise, South Africa is expected to register the highest CAGR from 2020 to 2027.

Global data book summary

Market revenue in 2019USD 159,148.5 million
Market revenue in 2027USD 244,289.3 million
Growth rate5.5% (CAGR from 2019 to 2027)
Largest segmentFrozen and chilled
Fastest growing segmentCanned
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationFrozen and Chilled, Canned, Dried

Other key industry trends

  • In terms of revenue, the North America accounted for 37.4% of the global ready meals market in 2019.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 2,910.8 million by 2027.

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Ready Meals Market Companies

Name Profile # Employees HQ Website

Global ready meals market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ready meals market will help companies and investors design strategic landscapes.


Frozen and chilled was the largest segment with a revenue share of 50.72% in 2019. Horizon Databook has segmented the Global ready meals market based on frozen and chilled, canned, dried covering the revenue growth of each sub-segment from 2016 to 2027.


  • Global Ready Meals Product Outlook (Revenue, USD Million, 2016-2027)
    • Frozen and Chilled
    • Canned
    • Dried
  • Global Ready Meals Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
    • Supermarket & Hypermarket
    • Convenience Stores
    • Online Retail

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Target buyers of Global ready meals market databook

  • Our clientele includes a mix of ready meals market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global ready meals market, including forecasts for subscribers. This global databook contains high-level insights into Global ready meals market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Global ready meals market size, by regions, 2016-2027 (US$M)

Top 10 countries: Ready meals market size, 2019 (US$M)

Global ready meals market share, by product, 2019 & 2027 (%, US$M)

Ready meals market: Opportunity assessment by country

Global ready meals market, by region, 2019 (US$M)

Global ready meals market size, by regions, 2016-2027 (US$M)

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