San Francisco, California, May 10, 2018: According to a recent market research report by TMR Research, the global market for frozen ready meals will expand at a healthy pace in the next few years. The report is titled “Frozen Ready Meals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
Key factors working in favor of the market include a visible transformation of consumer preferences regarding daily meals, busy lifestyles of working-class people in urban settings, and the increasing availability of such products in emerging economies across regions such as Asia Pacific and Latin America. In emerging market, especially, the development and availability of better refrigeration devices has made it plausible for retailers to stock frozen ready meals and target a rising consumer base. This has proved to be a key driving force for the global ready meals market and has helped the market gain traction in emerging and promising regional markets.
From a regional standpoint, the report covers the market for frozen ready meals for regions such as Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Of these, the market in North America is presently expected to be the leading regional market in terms of growth and revenue generation opportunities.
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The market for frozen ready meals is expected to witness a healthy growth trajectory in the next few years as well. The market has witnessed a rising number of companies operating across different sub-specialties such as meat, dairy, fruits, and vegetables. The number of companies continues to rise in response to the impressive rise in demand globally. Some of the leading companies in the global frozen ready meals market are Kraft Foods Group Inc., Conagra Brands Inc., Fleury Michon, and Nestle S.A.