The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2019 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the revenue across all segments. Notably, the Ready-to-Eat Meals segment achieves the highest value of 810.87 billion U.S. dollars at 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Convenience Food market 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 market consists of two different submarkets:
The Ready-to-Eat Meals market covers products that require minimal preparation by the consumer, i.e., meals that only require heating up.
The Soups market 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. (September 27, 2024). Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 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. September 27, 2024. Statista. Accessed November 05, 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: November 05, 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., 27 Sep 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 November 05, 2024)
Revenue in the Convenience Food market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1443930/revenue-convenience-food-market-for-different-segments-worldwide