Dinner RTE Foods market research provides actionable intelligence on major parameters impacting the market; analyses the market performance of key companies; market dynamics of key segments; outlines the market performance across global regions. The insights of industry over past 5 years and a forecast until 2021 is provided. Report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Dinner RTE Foods market to grow at a CAGR of 6.15% during the period 2017-2021.
There are many factors contributing to the growth of the global dinner RTE foods market. Need for convenience and on-the-go food products is one of the primary reasons for a rise in the demand for RTE foods globally, and hence the growth of the market. The growth in the organized retail increases the product availability to customers through different channels, helping vendors to increase their profit margin in the market. Packaging innovations are expected to help the demand for RTE products during the forecast period, as clean product labeling and neatly packaged products attract more customers. An increase in sales through online channels is expected to increase the demand during the forecast period
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Dinner RTE Foods Market Trend, Challenge and Driver: –
Dinner RTE Foods Market trend: – One trend in market is high demand for premium RTE food products. Premium RTE foods promise extravagance in product quality, packaging, taste, color, freshness, vitamin content, texture, taste, and shelf life. The consumers in the global RTE foods market are increasingly seeking premium RTE foods that offer much more value than their traditional counterparts. With growing concerns over health and wellness among consumers, the demand for premium real meals is increasing. Consumers are seeking products that contain ingredients that are procured locally. Locally procured ingredients are perceived to be healthier, since they go through fewer processing cycles than other RTE foods. This trend is expected to become a significant factor in RTE foods innovation in the long run, wherein more emphasis would be given to premium RTE foods
Dinner RTE Foods Market Challenge: – one challenge in market is fluctuating raw material prices. Raw materials like the aluminum, plastic, and paper for packaging, have volatile prices based on their availability. Also, the widening gap between demand and supply in recent years has increased the costs of raw material substantially. Any increase in the price of raw materials such as plastic resins, not only increases the manufacturing cost of packaging but also leads to reduced profit margins for vendors. This, along with the need to remain competitive in the market, causes manufacturers to experiment with cheaper substitutes. In addition, suppliers of raw materials have the power to price their products at competitive and different prices.
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Dinner RTE Foods Market Driver: – One driver in market is rise in number of working women and rising number of single households. The increased number of working women globally has boosted the consumers demand for pureed baby foods. In addition, rising urbanization and the growth of the middle-class population have significantly encouraged consumers to adopt convenience-oriented lifestyles which, in turn, is making RTE foods a desirable option. Vendors in the market are developing marketing and advertising strategies to increase the use of RTE foods among the singles. The rising number of singles along with growing divorce rates globally has led to an increase in the number of single households.
Consumer Landscape: –
The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.
Key vendors operating in Dinner RTE Foods market space are General Mills, ITC, Kraft Heinz, Nestlé, Unilever and many more.
Geographic Segmentation: – Americas, APAC, EMEA
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Dinner RTE Foods Market Report highlights following key factors: