Overview
and Scope
Perishable Prepared Food refers to the procedure of producing perishable
prepared food including peeled or cut fruits and vegetables, processed food,
and prepared meals. Perishable prepared food refers to those foods that are
likely to spoil, decay, or become unsafe to consume if not refrigerated or
frozen at low temperatures.
Sizing and Forecast
The perishable prepared food market size
has grown strongly in recent years. It will grow from $101.06 billion in 2023
to $109.92 billion in 2024 at a compound annual growth rate (CAGR) of
8.8%. The growth in the historic period can be
attributed to urbanization, rise of dual-income households, expansion of retail
channels, globalization of cuisine, plant-based and alternative proteins.
The perishable prepared food market size
is expected to see strongly grown in the next few years. It will grow to
$150.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be
attributed to health and wellness trends, rise of online food delivery
services, focus on premium and artisanal products, government initiatives and
regulations, changing consumer lifestyles. Major trends in the forecast period
include innovations in packaging, advancements in food preservation
technologies, global flavors and fusion cuisine, subscription-based meal
services, blockchain technology for supply chain transparency.
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Segmentation & Regional Insights
The perishable prepared food market covered in this report is segmented –
1) By Type: Peeled or Cut Vegetables Fruits and Vegetables, Processed Food,
Prepared Meals, and Other Perishable Prepared Food Manufacturing
2) By Distribution Channel: Online, Offline
3) By Application: Confectionery and Bakery, Jams and Preserves, Fruit-based
Beverages, Dairy, Other Applications
Asia-Pacific was the largest region in the perishable prepared food market in
2023.The regions covered in the perishable prepared food market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the perishable prepared food market is due to emerging market
growth, an increase in disposable income, and improved earning capacity. An
increase in disposable income is expected to propel the growth of the
perishable prepared food market going forward. Disposable income refers to the
amount of money left to spend and save after income tax has been deducted.
Because the increase in disposable income increases the purchasing power of the
consumer, which changed the eating habits of the consumer and increased the
demand for perishable prepared food. For instance, according to trading
economies, a US-based company provides information about economic indicators,
exchange rates, and stock market indexes. Disposable Personal Income in India
increased the US $ 3017266.44 Million in 2021 which is US $ 2525496.31 Million
in 2020. Therefore, an increase in disposable income is driving the growth of
the perishable prepared food market.
Key Industry Players
Major companies operating in the perishable prepared food market report are
AdvancePierre Foods, Ready Pac, Reser`s Fine Foods, Taylor Fresh Foods,
Bakkavör Group, Nestlé S.A., Conagra Brands Inc., Tyson Foods, Hormel Foods
Corporation, Kraft Heinz, General Mills, Campbell Soup Company, JBS USA
Holdings Inc., Smithfield Foods, Maple Leaf Foods, McCain Foods, Rich Products
Corporation, Schwan's Company, Sandridge Food Corporation, Greencore Group,
Grupo Bimbo, Flowers Foods, Aryzta AG, OSI Group, Pilgrim's Pride, Seaboard
Corporation, Cargill Inc., Perdue Farms, The Kraft Heinz Company
The perishable prepared food market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future
Outlook and Potential Analysis
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