According to this latest study, the growth in the Microwavable Foods market will change significantly from the previous year. Over the next five years, Microwavable Foods will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
The rising demand for tasty food and this further fulfill demand for the ready to eat food items. The microwavable foods market provides consumers with the tasty food at very less time consumption is further propelling demand for the global microwavable foods market. In addition, the increasing demand for the conventional food and easy to make food is majorly attributing towards the growth of the global microwavable foods market in the year to come. Furthermore growing disposable income couple with change in lifestyle is supporting the growth of the global microwavable foods market. Other factors such as rapid spur in the food outlets in developing and developed economies to drive the growth of the global microwavable foods market in the foreseeable future.
The microwavable foods market is segmented into product, packaging technology, and region. Based on product, the market is divided into shelf stable microwavable food, chilled food, and frozen food. On the basis of packaging technology, it is categorized into patterned susceptors technology, new tray-lidding methods, and new cook bag technique. Based on distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, online sales channel, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, South Korea, Japan, ASEAN, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, UAE, South Africa, and rest of LAMEA).
The Major Players in the Microwavable Foods Market include:
McCain Foods, Kraft Heinz, Pinnacle Food, Nestle, Kellogg, Ajinomoto Windsor, General Mills, ConAgra Foods, Unilever, Campbell Soup, Beech-Nut Nutrition, Bellisio Foods
Market has segmented the Microwavable Foods market on the basis of type, application, and region:
By Type:
· Shelf Stable Microwavable Food
· Chilled Food
· Frozen Food
By Application:
· Hypermarkets and Supermarkets
· Convenience Stores
· Online
· Others
Microwavable Foods Market Segmentation by Geographical Analysis
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
COVID-19 Impact Microwavable Foods market
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Microwavable Foods Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report on Microwavable Food Market Highlights:
· Shifting industry dynamics
· In-depth market segmentation
· Historical, current and projected industry size
· Recent industry trends
· Key competition landscape
· Strategies of key players and product offerings
· Potential and niche segments/regions exhibiting promising growth
· A neutral perspective towards market performance
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