Ready-to-Eat Meals - Finland

Finland

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$1.19bn in 2024. The market is expected to grow annually by 2.15% (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$214.70 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 113.20m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 0.2% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 20.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Finland is experiencing negligible growth, influenced by factors such as the convenience of convenience food and changing consumer preferences. Despite this, the Convenience Food Market within The Food market in Finland continues to show steady growth.

Customer preferences: Convenience and time-saving factors continue to be key drivers in the strong growth of the ready-to-eat meals market in Finland. With busy lifestyles and an increasing number of women in the workforce, there is a growing demand for easy and quick meal options. This trend is further fueled by the rising number of single-person households in the country. As a result, manufacturers are focusing on creating healthier and more diverse ready-to-eat meal options to cater to the evolving preferences of consumers.

Trends in the market: In Finland, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a surge in demand for plant-based and organic options. This trend is driven by the increasing awareness and concern for health, sustainability, and animal welfare among consumers. As a result, companies are expanding their product offerings to cater to this growing segment. Additionally, there is a rise in online food delivery services, providing convenience and variety to consumers. These trends indicate a shift towards healthier and more environmentally friendly food choices, which will likely lead to increased competition and innovation in the market. Industry stakeholders should pay attention to these trends and adapt their strategies to stay relevant and meet the changing demands of consumers.

Local special circumstances: In Finland, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. The cold climate and long winters have led to a demand for convenient and hearty meals that can be easily prepared at home. Additionally, Finland's strong focus on sustainability and health-consciousness has led to a rise in the popularity of locally-sourced and organic ready-to-eat meals. The country's strict food regulations and high standards also play a significant role in shaping the market dynamics.

Underlying macroeconomic factors: The growth of the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is also influenced by macroeconomic factors such as consumer spending power, government regulations, and investment in food processing infrastructure. Countries with stable economies and supportive policies for the food industry are experiencing higher market growth compared to regions with economic instability and limited support for food processing. Additionally, the growing demand for convenience and on-the-go food options, as well as the rising number of working professionals and busy lifestyles, are driving the demand for ready-to-eat meals in the market.

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.