Ready-to-Eat Meals - Nepal

Nepal

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$746.50m in 2024. The market is expected to grow annually by 8.36% (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$23.89 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 213.10m 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 5.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals Market in Nepal is experiencing minimal growth, influenced by factors such as limited consumer awareness, lack of access to technology, and traditional food preferences. This has resulted in a slow growth rate in the Convenience Food Market, within the larger Food Market in Nepal.

Customer preferences: With the rise of urbanization and busy lifestyles, there has been a significant increase in the demand for convenient and ready-to-eat meals in Nepal. This trend is driven by the changing social and cultural norms, where more and more people are seeking convenience and time-saving options for their meals. Additionally, the growing influence of Western culture has led to a shift in preferences towards quick and easy meal solutions, further driving the popularity of ready-to-eat meals in the country.

Trends in the market: In Nepal, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is seeing a rise in demand for healthy and organic options. This trend is driven by increasing health consciousness among consumers and the availability of more nutritious and sustainable ready-to-eat options. Additionally, there is a growing trend of online food delivery services, making it easier for consumers to access these products. This trajectory indicates a shift towards more health-conscious and convenient eating habits, which has implications for industry stakeholders to adapt and innovate in order to meet these changing consumer preferences.

Local special circumstances: In Nepal, 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. Due to the mountainous terrain and limited access to refrigeration, there is a high demand for shelf-stable, convenient meal options. Additionally, with a large Buddhist and Hindu population, there is a growing demand for vegetarian and halal-certified ready-to-eat meals. The government's food safety regulations also play a significant role in shaping the market, with a focus on ensuring the safety and quality of these products.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Nepal is impacted by various macroeconomic factors. The global economic trends play a significant role in shaping the market, as changes in consumer behavior, trade policies, and currency fluctuations can affect the demand and supply of ready-to-eat meals. The national economic health of Nepal, including factors such as GDP growth, inflation, and unemployment rates, also has a direct impact on the purchasing power of consumers, thus influencing the market performance. Furthermore, fiscal policies, such as taxes and subsidies, can either stimulate or hinder the growth of the market. Other financial indicators, such as consumer spending, investment, and disposable income, also play a crucial role in shaping the demand for ready-to-eat meals in Nepal. Overall, the market performance is closely tied to the overall economic conditions of the country, making it important for market players to closely monitor and adapt to any changes.

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.