Ready-to-Eat Meals - Northern Europe

Northern Europe

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$5.85bn in 2024. The market is expected to grow annually by 4.06% (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$172.70 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 617.70m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 16.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Northern Europe is experiencing negligible growth, influenced by factors such as increasing demand for convenience food and changing consumer preferences. This can be attributed to the convenience and time-saving nature of these meals in today's fast-paced lifestyle.

Customer preferences: With the rise of health-conscious consumers, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market market in Northern Europe is seeing a growing demand for healthy and sustainable options. This trend is spurred by a shift towards healthier lifestyles and a desire for transparency in food sourcing. As a result, companies are increasingly incorporating sustainable and ethical practices in their production processes to cater to this evolving consumer preference.

Trends in the market: In Northern Europe, 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, driven by health and sustainability concerns. This trend is expected to continue as consumers become more health-conscious and environmentally aware. Additionally, there is a growing demand for convenience and time-saving solutions, leading to the rise of meal delivery services and online grocery shopping. These trends are significant for industry stakeholders as they present opportunities for innovation and partnerships with digital platforms to reach a wider customer base. However, they also pose challenges in terms of supply chain management and meeting changing consumer preferences. It is crucial for industry players to adapt and embrace these trends to stay competitive in the market.

Local special circumstances: In Northern Europe, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the region's high demand for convenience and healthy options. This is driven by the busy lifestyles of consumers and their increasing focus on health and wellness. Additionally, strict regulations on food labeling and ingredients have led to a rise in organic and natural ready-to-eat options. Furthermore, the trend of sustainable and locally sourced ingredients has also gained traction in the region, as consumers are becoming more environmentally conscious. These factors have shaped the market dynamics in Northern Europe, making it unique compared to other markets.

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, disposable income, and overall economic health. In Northern Europe, countries such as Sweden, Denmark, and Norway have strong economies and high levels of disposable income, making them key markets for convenience food products. Additionally, favorable government policies and investments in food processing and packaging infrastructure have contributed to the growth of the Ready-to-Eat Meals Market in these countries. Furthermore, the increasing demand for convenience and time-saving solutions due to busy lifestyles and rising urbanization rates have also driven the growth of the market in this region.

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.