Australia Ready Meals Market Report and Forecast 2024-2032

Australia Ready Meals Market Outlook

The Australia ready meals market size reached USD 1,776.71 million in 2023. The market is expected to grow at a CAGR of 5.66% between 2024 and 2032, reaching almost USD 2,898.96 million by 2032.

Key Takeaways

• In February 2023, the Australian Bureau of Statistics reported a civilian population of 21.2 million aged 15 or older, with 13.8 million employed individuals, contributing to increasing demand in the ready meals market.

• Starting from July 1, 2023, the Australian Government has declared an adjustment in working hours, raising the limit from 40 hours to 48 hours per fortnight thus boosting the Australia ready meals market growth.

• As per MDPI's findings for Australia in 2020, the breakdown of ready meals was as follows: 228 meals (48.7%) were frozen, 181 (38.7%) were chilled, and 59 (12.6%) were shelf stable.

Vegetarian options are driving the Australia ready meals market growth due to their perceived health benefits

They are often seen as healthier choices, being lower in saturated fats and cholesterol while being rich in fibre, vitamins, and minerals from vegetables, legumes, and grains. Vegetarian-ready meals offer a healthier choice with reduced fats and cholesterol. They are environmentally friendly, suitable for various allergies, come in diverse flavours, support weight management, and address concerns about animal welfare.

Non-vegetarian ready meals provide abundant protein sources, a variety of flavours, and help in feeling full. They offer familiar comfort, and a range of nutrients, and are simple to prepare, making them appeal to busy individuals in search of convenience and culinary diversity.

Mars Food & Nutrition Australia had introduced a new ready-to-heat range within the Ben's Original brand, catering to the growing need for convenient, healthier options. The Ben's Original 10+ Medley microwave series featured Mexican, Mediterranean, and Chinese styles, reflecting diverse eating patterns.

Market Segmentation

Australia Ready Meals Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Meal Type

• Vegan

• Non-vegetarian

• Vegetarian

Market Breakup by Product Type

• Dried Ready Meals

• Chilled Pizza

• Frozen Pizza

• Canned Preserved Ready Meals

• Chilled Ready Meals

• Chilled Pizza

• Frozen Ready Pizza

• Prepared Salads

Market Breakup by End Use

• Residential

• Food Services

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Channels

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia ready meals market key players are MarleySpoon Pty Ltd., Grocery Delivery eServices Australia Pty Ltd., Youfoodz Pty Ltd., Chefgood Pty Ltd., Macros, Soulara, Oppenheimer Pty Ltd., Lite n’ Easy and My Muscle Chef Pty Ltd among others.

Key Highlights of the Report

Australia Ready Meals Market Report Snapshots

Australia Ready Meals Market Size