Convenience Foods Market Growth Analysis - Market Drivers, Competitive Analysis, Trends & Forecast 2023: Radiant Insights, Inc.

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Radiant Insights, Inc.

05 Nov, 2019, 10:10 GMT

SAN FRANCISCO, Nov. 5, 2019 /PRNewswire/ -- Global Convenience Foods Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in this market growth are the rising demand for ready-to-eat snacks, the high demand from developing regions, the rising disposable income, the sedentary lifestyle, and the growth in working populace. However, the presence of healthy substitutes may restrain overall market growth in the years to come. Convenience foods market is segmented based on type, distribution channel, application, and region.

Chilled foods, canned foods, meals, frozen foods, ready-to-eat snacks, and other types could be explored in convenience foods market in the forecast period. Based on the distribution channel, convenience stores, supermarket & hypermarket, online channel, and others could classify convenience foods in the forecast period. The market may be categorized based on applications like industrial, food, and others that could be explored in convenience foods in the forecast period.

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Convenience foods market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, North America may account for the substantial share of this market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for ready-to-eat snacks from the end-users, the growing disposable income, and the growth in working women population. The United States and Canada are the major consumers in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of in this region.

The key players of convenience foods market are Kraft Foods Group Inc., Amy's Kitchen, Inc., Mondelz International, Inc., Cargill, Tyson Foods, Inc., ConAgra Foods, Inc., and General Mills, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Access 101 page research report with TOC on "Global Convenience Foods Market" available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/global-convenience-foods-market

Market Segmentation:

  • Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Convenience Foods in these regions, from 2012 to 2023 (forecast), covering
    • North America (United States, Canada and Mexico)
    • Europe (Germany, France, UK, Russia and Italy)
    • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    • South America (Brazil, Argentina, Columbia)
    • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
  • Global Convenience Foods market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
    • Amy's Kitchen
    • Cargill
    • Incorporated
    • ConAgra Foods
    • General Mills
    • Tyson Foods
    • Mondelez International
    • Kraft Foods Group
  • On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
    • Type I
    • Type II
  • On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Convenience Foods for each application, including
    • Application 1
    • Application 2

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