Global Perishable Prepared Food Market Size Study, by Type, by Distribution Channel, by Application, and Regional Forecasts 2022-2032

PUBLISHED: August 2, 2024

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Description

Global Perishable Prepared Food Market is valued at approximately USD 101.06 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2024-2032. Perishable prepared food encompasses a variety of food products, including peeled or cut fruits and vegetables, processed foods, and prepared meals that require refrigeration or freezing to prevent spoilage. This market has witnessed substantial growth driven by urbanization, the rise of dual-income households, the expansion of retail channels, and the globalization of cuisine. The increasing preference for plant-based and alternative proteins has further fueled this growth.

The demand for perishable prepared food is set to grow strongly in the coming years due to several key factors. The rise in disposable income, particularly in emerging markets, enhances consumer purchasing power, altering eating habits and boosting demand for convenient and nutritious food options. For instance, disposable personal income in India saw a significant rise, enhancing consumer spending capacity. Moreover, the expansion of e-commerce has revolutionized the distribution of perishable prepared foods, offering consumers the convenience of fresh meal delivery while expanding market reach and streamlining logistics.

Technological innovations in packaging and food preservation, the growing trend of subscription-based meal services, and the incorporation of global flavors and fusion cuisine are anticipated to shape the market's future. Additionally, blockchain technology is being increasingly adopted for supply chain transparency, ensuring food safety and quality from farm to table. However, the high costs associated with advanced packaging technologies, and maintaining freshness and quality in logistics are challenging the market growth throughout the forecast period of 2024-2032.

The key regions considered for the Global Perishable Prepared Food Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Perishable Prepared Food Market in terms of revenue. The market growth in the region is being attributed to factors including a high demand for convenience foods and a well-established cold chain infrastructure. The United States and Canada lead the region due to their large consumer base, busy lifestyles, and strong preference for ready-to-eat and easy-to-prepare meals. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by urbanization, rising disposable incomes, and shifting dietary preferences towards convenient and healthy food options. Countries such as China, India, and Japan are driving this expansion as consumers increasingly opt for fresh and ready-to-eat products due to busy lifestyles and the influence of Western food culture.

Major market player included in this report are:

Nestle S.A.
Conagra Brands Inc.
Tyson Foods
Hormel Foods Corporation
Kraft Heinz
General Mills
Campbell Soup Company
JBS USA Holdings Inc.
Smithfield Foods
Maple Leaf Foods
McCain Foods
Rich Products Corporation
Schwan's Company
Sandridge Food Corporation
Greencore Group

The detailed segments and sub-segment of the market are explained below:

By Type:

Peeled or Cut Vegetables Fruits and Vegetables
Processed Food
Prepared Meals
Other Perishable Prepared Food Manufacturing

By Distribution Channel:

Online
Offline

By Application:

Confectionery and Bakery
Jams and Preserves
Fruit-based Beverages
Dairy
Other Applications

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Perishable Prepared Food Market Executive Summary

1.1. Global Perishable Prepared Food Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Distribution Channel
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Perishable Prepared Food Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Perishable Prepared Food Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Disposable Income
- 3.1.2. E-Commerce Expansion Fuels Growth
3.2. Market Challenges
- 3.2.1. Maintaining Freshness and Quality in Logistics
- 3.2.2. High Costs Associated with Advanced Packaging Technologies
3.3. Market Opportunities
- 3.3.1. Technological Innovations in Packaging and Preservation
- 3.3.2. Rising Demand for Subscription-Based Meal Services

Chapter 4. Global Perishable Prepared Food Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Perishable Prepared Food Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Perishable Prepared Food Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Peeled or Cut Vegetables Fruits and Vegetables
- 5.2.2. Processed Food
- 5.2.3. Prepared Meals
- 5.2.4. Other Perishable Prepared Food Manufacturing

Chapter 6. Global Perishable Prepared Food Market Size & Forecasts by Distribution Channel 2022-2032

6.1. Segment Dashboard
6.2. Global Perishable Prepared Food Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Online
- 6.2.2. Offline

Chapter 7. Global Perishable Prepared Food Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Perishable Prepared Food Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Confectionery and Bakery
- 7.2.2. Jams and Preserves
- 7.2.3. Fruit-based Beverages
- 7.2.4. Dairy
- 7.2.5. Other Applications

Chapter 8. Global Perishable Prepared Food Market Size & Forecasts by Region 2022-2032

8.1. North America Perishable Prepared Food Market
- 8.1.1. U.S. Perishable Prepared Food Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Perishable Prepared Food Market
8.2. Europe Perishable Prepared Food Market
- 8.2.1. U.K. Perishable Prepared Food Market
- 8.2.2. Germany Perishable Prepared Food Market
- 8.2.3. France Perishable Prepared Food Market
- 8.2.4. Spain Perishable Prepared Food Market
- 8.2.5. Italy Perishable Prepared Food Market
- 8.2.6. Rest of Europe Perishable Prepared Food Market
8.3. Asia-Pacific Perishable Prepared Food Market
- 8.3.1. China Perishable Prepared Food Market
- 8.3.2. India Perishable Prepared Food Market
- 8.3.3. Japan Perishable Prepared Food Market
- 8.3.4. Australia Perishable Prepared Food Market
- 8.3.5. South Korea Perishable Prepared Food Market
- 8.3.6. Rest of Asia Pacific Perishable Prepared Food Market
8.4. Latin America Perishable Prepared Food Market
- 8.4.1. Brazil Perishable Prepared Food Market
- 8.4.2. Mexico Perishable Prepared Food Market
- 8.4.3. Rest of Latin America Perishable Prepared Food Market
8.5. Middle East & Africa Perishable Prepared Food Market
- 8.5.1. Saudi Arabia Perishable Prepared Food Market
- 8.5.2. South Africa Perishable Prepared Food Market
- 8.5.3. Rest of Middle East & Africa Perishable Prepared Food Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Nestle S.A.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Conagra Brands Inc.
- 9.3.3. Tyson Foods
- 9.3.4. Hormel Foods Corporation
- 9.3.5. Kraft Heinz
- 9.3.6. General Mills
- 9.3.7. Campbell Soup Company
- 9.3.8. JBS USA Holdings Inc.
- 9.3.9. Smithfield Foods
- 9.3.10. Maple Leaf Foods
- 9.3.11. McCain Foods
- 9.3.12. Rich Products Corporation
- 9.3.13. Schwan's Company
- 9.3.14. Sandridge Food Corporation
- 9.3.15. Greencore Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes