Ready-to-Eat Meals - Czechia

Czechia

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$947.40m in 2024. The market is expected to grow annually by 4.75% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$90.20 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 194.90m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 2.9% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 16.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals Market in Czechia has seen minimal growth due to factors such as low consumer interest and limited availability of convenient options. Despite this, the Convenience Food Market within The Food market continues to see steady growth. This can be attributed to the increasing demand for convenient and time-saving options in the busy Czechian lifestyle.

Customer preferences: As consumer lifestyles become more fast-paced and demanding, the demand for ready-to-eat meals is on the rise in Czechia. This trend is fueled by the increasing number of working professionals and busy families looking for convenient and time-saving meal solutions. Moreover, there is a growing demand for healthy and nutritious options, with consumers being more health-conscious and seeking out convenient, yet healthy, options. As a result, there has been a surge in the availability of ready-to-eat meals with healthier and organic ingredients, catering to the evolving preferences of consumers.

Trends in the market: In Czechia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options as consumers become more health-conscious. This trend is driven by the rise of busy lifestyles and a desire for convenience without compromising on nutrition. As a result, there is a growing demand for plant-based, organic, and gluten-free options in the market. This has led to the introduction of new products and innovations by industry players, such as ready-to-eat salads, vegan meal kits, and healthier frozen meals. These trends are expected to continue, with potential implications for stakeholders including increased competition, the need for product differentiation, and the potential for growth in the health and wellness segment of the market.

Local special circumstances: In Czechia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's busy urban lifestyle and increasing demand for convenience. The market is also shaped by Czechia's strong food culture, with a preference for traditional, locally-sourced ingredients. Furthermore, strict food safety regulations ensure high-quality products, leading to trust among consumers. This creates a unique market dynamic, with a focus on both convenience and quality.

Underlying macroeconomic factors: The growth of the Ready-to-Eat Meals Market within the Convenience Food Market in Czechia is heavily influenced by macroeconomic factors such as consumer spending, disposable income levels, and overall economic stability. As the country experiences steady economic growth and rising disposable incomes, consumers are increasingly turning to convenient and time-saving meal options. Additionally, favorable fiscal policies and government support for the food industry are creating a conducive market environment for players in the Ready-to-Eat Meals Market. The increasing urbanization and busy lifestyles of Czech consumers are also contributing to the demand for ready-to-eat meals, as they seek convenient and quick meal solutions.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.