Technavio Announces Top Five Vendors in the Global Frozen Ready Meals Market Until 2020

Technavio has announced the top five leading vendors for the global frozen ready meals market in their latest research report. This report also lists 20 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. Technavio researchers have considered the revenue generated through the retail sales of frozen ready meals in different regions such as the Americas, Europe. Asia-Pacific (APAC), and the Middle East and Africa (MEA).

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“Consumers are increasingly choosing ready meals because of hectic lifestyles. In addition, the ease of use associated with certain packaging techniques and microwave cooking supports the growth of the frozen ready meals market. The growth of convenience retail in emerging markets is also opening up access to new products and services,” said Vijay Sarathi, one of Technavio’s lead analysts for food and beverage research.

“The boom in organized retail, especially in developing countries, is expected to increase the share of the hypermarkets and supermarkets segment in the global frozen ready meals market during the forecast period. In 2015, hypermarkets and supermarkets accounted for a 73.8% market share. With the prevalence of e-retailing, online sales of frozen ready meals are expected to increase in the future,” added Vijay.

Top five leading vendors in the global frozen ready meals market:

ConAgra

ConAgra Foods was established in 1919 and is headquartered in Omaha, Nebraska, US. The company is a North America-based food company that manufactures and markets branded foods for various markets.

As of May 2015, the company generated revenue of USD 15.83 billion and invested close to USD 900 million in R&D. It has 32,900 employees.

Fleury Michon

Fleury Michon was founded in 1905 and is headquartered in Pouzauges, France. They produce fresh and ready meal products for both France and international markets.

As of December 2014, the company had 3,783 employees, and its revenue were close to USD 939.45 million. The company has concentrated on R&D activities for developing new technologies and products. To this end, it has made large investments in R&D. In September 2015, Fleury Michon launched a range of non-genetically modified organism (non-GMO) and antibiotic-free delicatessen products under the brand name J'aime.

Kraft Heinz

Kraft Heinz is co-headquartered in Pittsburgh, Pennsylvania and Chicago, Illinois, US. The company produces and sells food and beverages products. These food and beverages include cheese, meats, refreshment beverages, coffees, and packaged dinners.

On July 2, 2015, the company announced the merger of the H.J. Heinz Holding (a company that offers ketchup, meals, soups, snacks, sauces, and infant nutrition) and Kraft Foods Group (a packaged food and beverage company). This acquisition has made Kraft Heinz the third-largest player in the North American market in the food and beverage sector. The acquisition will lead to an increase in its investments for marketing and innovations.

Nestlé

Nestlé was established in 1866 and is headquartered in Vevey, Switzerland. The company, along with its subsidiaries, produces and sells foods and beverages globally. The company operates in 197 countries worldwide.

As of December 2014, the company employed 339,000 people and reported net revenues of USD 100.18 billion in FY2013 and USD 100.2 billion in FY2014. The company focuses on product development and research activities to bring new products into the market. It continuously concentrates on internal and external R&D to launch new products and for the enhancement of its existing product portfolio. The company’s investments in product and process engineering and development will enable it to deliver innovative and technologically advanced products to cater to the growing needs of its customers.

Unilever

Unilever was established in 1929 and is headquartered in London, UK. The company provides foods, beverages, cleaning agents, and personal care products.

In FY2015, the company had 172,471 employees, and the total revenue was USD 70.81 billion. In March 2015, the company launched Knorr instant noodles. This comes almost five years after HUL entered a bridge category with its soupy noodles. The company strategically aims to expand the Knorr brand, which is so far restricted for ready-to-cook and soups range in India. Knorr is Unilever's largest food brand, and HUL aims to replicate its global success in India.

Browse related reports:

• Global Ready Meals Market 2016-2020
• Global Frozen Food Market 2015-2019
• Global Skin Packaging Market 2016-2020

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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