Europe Frozen Ready Meals Market

Europe Frozen Ready Meals Market Size, Share, Growth (2022-2027)

Europe Frozen Ready Meals Market was growing at a CAGR of 5.2% during the forecast period and generated USD 86.62 billion in 2022 and is expected to reach a value of 117.250 billion by 2027.

Europe Frozen Ready Meals Market Overview:

Frozen Ready Meals are ready-to-eat meals cooked and prepared by the manufacturer and stored at low temperatures. The contents are cooked and methodically stored in containers for preservation. The consumer only needs to heat or cook them before they are ready to eat. They are trendy these days due to the large variety of options and the convenience they provide. In recent times, there has been a shift in consumption patterns in European countries, owing to the busy lifestyle of people. People's living standards are rising, and they expect their meals to be ready in less and less time. There are stringent rules and regulations in this region for manufacturing such products, which assists in this Market's growth. Europe is one of the regions with a substantial female workforce, and these ready-to-eat meals are gaining popularity among them. They are easily accessible and readily available to everyone. Europe is also one of the regions with rapid growth in the e-commerce sector. It has influenced people's purchasing habits and decisions. The purchasing power and convenience provided by online shopping platforms are increasing. Frozen ready foods are widely available on e-commerce and online grocery shopping platforms, accelerating the Market's growth. Furthermore, Covid - 19 has influenced this Market by positively influencing demand for these products.

Many players are recognizing the Market's potential and investing in innovative technologies to create a variety of premium products with longer shelf lives. In addition, people want something ready to eat on the go while actively focusing on eating a balanced diet and maintaining an active lifestyle. These variations are expected to accelerate market growth during the forecast period.

Europe Frozen Ready Meals Market Drivers and Restraints:

There has been a shift in consumer behavior over the past several years, with a greater emphasis now being placed on convenience foods or ready-to-eat meals. Additionally, there is a rise in demand for organic frozen foods and knowledge of healthy food options driving the demand in the Europe frozen ready meals market. They are becoming more and more drawn to this Market because of the wide range of options available, including appetizers, snacks, beverages, full-course meals, and desserts, all in the form of packaged meals that are ready to be cooked. Many businesses are concentrating on developing novel products to target consumers who are looking for organic options that are convenient and enjoyable without sacrificing nutrition. The majority of people in Europe like simple, easily accessible cuisine that does not require a lot of preparation time. They have switched from ingesting raw food to convenience foods due to their fast-paced lifestyle. In addition, the standard of living and amount of disposable income has significantly increased, and individuals are now willing to spend more to improve the convenience of their lifestyle. During the projection period, these factors are anticipated to fuel demand for Europe's frozen ready meals market.

The high degree of competition among the existing firms, which limits the entry of new players, is the first issue or factor that can limit the growth of this Market. Many key competitors are firmly controlling the Market by offering high-quality products and engaging in ongoing research and development. Small and local players cannot compete with them due to their extensive resources and cutting-edge technology. This prevents the Market's more minor participants from expanding. Hence, the Market's growth depends on these significant firms' success.Additionally, customers are becoming more health concerned, and it is frequently discovered that these frozen foods contain high quantities of trans fat, which is thought to be the primary cause of heart ailments, high cholesterol, etc. These foods have significant salt content as well. They include many fats, making them less appealing to consumers concerned about their health and wanting to lead healthy lives. Many people choose raw food over these ready-to-eat meals as they become more aware of the associated health risks associated with consuming Frozen foods. This could limit the expansion of the Europe frozen ready meals market. 

Europe Frozen Ready Meals Market Segmentation:      

By Category:

• Organic

• Conventional 

Based on category, the Europe frozen ready meals market is currently dominated by conventional food segments like pre-cooked meals, frozen chicken and seafood, and frozen fast-food options. However, due to increasing awareness of healthy lifestyles and a nutritional diet, there is a shift in consumer perception of organic foods. Therefore, it is expected to grow during the forecast period rapidly. 

By Distribution Channel:

• Store Based Retailers

• Non – Store Retailers 

Due to the rapid development of food chains and the presence of supermarkets, hypermarket chains, and convenience stores, the store-based retailer segment is expected to dominate Europe's frozen ready meals Market. Due to their size, they can negotiate costs, offer a wide range of products, and give availability and affordability to customers. Many brick-and-mortar retailers also have their websites or other online stores, which helps them dominate this Market by enabling consumers to buy these things conveniently online.

By End User:

• Household/ Retail sector

• Food Service Sector 

Due to people's busy lifestyles and increasing emphasis on a balanced diet, the household or retail sector is the dominant segment in the European frozen ready meals market. 

By Country:

• Germany

• UK

• France

• Spain

• Italy

• Russia

• Rest of Europe 

According to region, Germany and France are the two countries driving Frozen ready meals market demand in Europe. This is because the European population is extremely work-centric and works multiple jobs, leaving little to no time to pay attention to their nutritional needs and allocate time and resources for cooking and preparing their meals. As a result, they have relied heavily on ready-to-eat meals or packaged foods for a few years. They also have the highest number of single-parent or nuclear families and the most hectic lifestyles. The European region is experiencing high demand for frozen foods due to increased industrialization, the introduction of e-commerce platforms, and the increased penetration of Internet connectivity and smartphones that is anticipated to fuel the growth rate of the Europe frozen ready meals market. In addition, these products are more appealing to buyers due to the government regulations, standards, and requirements for high-quality products, as well as the mandatory safety certifications and labels.

Europe Frozen Ready Meals Market Key Players:

1. Nomad Foods

2. Iceland Foods Ltd.

3. Tyson Foods

4. Nestle SA

5. Dr Oetker

6. Frosta Aktiengesellschaft

7. McCain Foods Ltd.

8. BRF Global

9. Kraft Heinz Company