Over the last two observations, the revenue is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2019 to 2029. It is estimated that the indicator is continuously rising in all segments. In this regard, the Ready-to-Eat Meals segment achieves the highest value of 810.87 billion U.S. dollars in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Convenience Food segment covers any form of pre-packaged or prepared food that is intended to be simple to prepare or consume quickly, requiring little to no cooking or other preparation. Examples include ready-to-eat meals, frozen dinners, and soups. The focus of these meals is less on quality and nutrition and more on convenience and accessibility.
Structure:
The segment consists of two different subsegments:
The Ready-to-Eat Meals segment covers products that require minimal preparation by the consumer, i.e., meals that only require heating up.
The Soups segment covers finished products such as powders for making soup (instant soups), and broth or liquid soups that are purchased in prepared form (tinned soups).
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista Market Insights. (June 18, 2024). Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars)." Chart. June 18, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide
Statista Market Insights. (2024). Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in The Convenience Food Market for Different Segments Worldwide from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide
Statista Market Insights, Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide (last visited August 25, 2024)
Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, June 18, 2024. [Online]. Available: https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide