North America Ready Meals Market Report and Forecast 2024-2032

North America Ready Meals Market Outlook

The North America ready meals market size was valued at USD 54.49 billion in 2023. The market is further projected to grow at a CAGR of 4.0% between 2024 and 2032, reaching a value of USD 78.23 billion by 2032.

Key Takeaways

• Canadians consider ready meals as emergency food, primarily consuming them when they do not have time to make meals from scratch.

• Ready meals save consumers at least 50% of their time for the whole process of cooking.

There is a growing popularity of frozen foods in North America as processed food producers are producing high-quality and nutritional value meals, propelling the North America ready meals market growth. These foods efficiently meet the nutritional and lifestyle needs of consumers. Prominent supermarkets, such as Walmart, Inc., Trader Joe's Company, Inc., Costco Wholesale Corporation, and Target Corp are offering a range of products frozen at the peak of freshness, such as fried rice, and chicken vegetable rice as well as pizzas.

According to the North America ready meals market analysis, consumers are demanding low-calorie ready meals produced with clean-label ingredients. By capitalising on these trends, players can further stimulate growth in the market. Players are also providing halal ready meals to meet the growing demand for a halal diet. Additionally, ready-meal providers are expanding their offerings to grab a larger customer base. For instance, in December 2023, Blue Apron, a provider of meal kit services in the United States, announced the expansion of its ready-to-eat category by launching Prepared & Ready meals. Prepared & Ready is made up of chef-crafted meals that are nutritionist-approved, non-frozen, and are delivered fresh and ready to reheat in a microwave.

Market Segmentation

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

Market Breakup by Product Type

• Frozen Ready Meals

• Canned Ready Meals

• Dried Ready Meals

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores and Grocery Stores

• Online

• Others

Market Breakup by Country

• United States of America

• Canada

Competitive Landscape

The key players in the ready meals market in North America are producing high-quality ready meals to meet the health and clean-label requirements of customers.

• Mars, Incorporated

• Conagra Brands, Inc.

• Nestlé SA

• The Kraft Heinz Company

• Campbell Soup Company

• Unilever plc

• General Mills Inc.

• Tyson Foods, Inc.

• B&G Foods, Inc.

• Ajinomoto Co., Inc.

• Others

Key Highlights of the Report