Home meal Replacement include frozen meals that are flash-frozen, without any preservatives. Home meal replacement market provides ready-to-eat , partially-prepared or easy to cook meals for consumers to enjoy at home providing right balance of calories, fats, proteins, and other nutrients required for a healthy living.
Hectic lifestyle, busy schedules, lack of skills , lack of desire to prepare food are factors that significantly lead to growth of home meal replacement market. Sedentary lifestyle and need of ready to eat meals to save time along with increasing awareness of nutrients and ingredients uptake will boost the targeted market. Changing attitude and preference of easily cooked meal instead of dining out at restaurants or preparing meals at home will fuel the targeted market
The report “Home meal replacement market By Product Type (Ready to Cook, Ready to Heat, and Ready to Eat), By Application (Single-Person Households, Older Citizens, Dual Income Household, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2032”
Key Highlights –
- In June 2022, Abbott Nutrition announced the development of a novel Continuous Glucose-Ketone Monitoring System. The system will enable people suffering from diabetes to monitor their ketones and glucose level in one sensor.
- In May 2022, Abbott Nutrition signed a consent decree, related to the company’s Sturgis, Michigan infant formula plant, with the U.S. FDA. As per the decree, the FDA and Abbott Nutrition agree to expand upon the required steps for maintaining the facility and resuming production in the plant.
- On February 2022, Unilever announced its decision to sell Unilever Life, a direct selling business in Thailand, to the RS Group. This acquisition by RS Group will significantly increase and expand the company’s ecosystem.
Analyst View:
Increasing awareness regarding healthy lifestyle despite long working hours are making people to shift to home meal replacement products. They can be a good alternative to fast food products. Availability of good amount of nutrients will fuel the home meal replacement market. They are easy to store, have long shelf life, easily available, easy to cook. food quality (i.e., freshness, taste, and nutritional value), packaging, reasonable price, accessibility, and quality of delivery service also effects the targeted market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Home meal replacement market, By Product Type (Ready to Cook, Ready to Heat, and Ready to Eat), By Application (Single-Person Households, Older Citizens, Dual Income Household, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2032”
Key Market Insights from the report:
Home meal replacement market accounted for US$ 188.6 Billion in 2022 and is estimated to be US$ 377.3 Billion by 2032 and is anticipated to register a CAGR of 7.3%. Home meal replacement market is segmented based on Type, Application, and Region.
- Based on Type, Home meal replacement market is segmented into Ready to Cook, Ready to Heat, and Ready to Eat.
- Based on Application, Home meal replacement market is segmented into Single-Person Households, Older Citizens, Dual Income Household, and Others.
- By Region, the Home meal replacement market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Sports Facilities Market:
The key players operating the Home Meal Replacement Market includes, Nestle, Tyson Foods, Kellogg, General Mills, ConAgra, Unilever, Pinnacle Foods, Dongwon, Shinsegae Food, and LEEPACK.
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