Introduction
Ready-to-eat meals have become increasingly popular in recent years, particularly in deli counters and convenience stores. These convenient meal options cater to busy consumers looking for quick and easy meal solutions. This report will delve into the market for ready-to-eat meals in deli counters and convenience stores, highlighting key industry trends, financial data, and insights into major players in the market.
Market Overview
The market for ready-to-eat meals in deli counters and convenience stores has been experiencing significant growth in recent years. According to a report by Grand View Research, the global ready-to-eat food market size was valued at $195.8 billion in 2020 and is expected to reach $274.8 billion by 2027, growing at a CAGR of 4.6% during the forecast period. This growth can be attributed to changing consumer lifestyles, increasing urbanization, and the rising demand for convenient meal options.
Key Trends
One of the key trends driving the growth of ready-to-eat meals in deli counters and convenience stores is the focus on healthy and nutritious options. Consumers are becoming more health-conscious and are seeking out meals that are not only convenient but also nutritious. As a result, deli counters and convenience stores are offering a wider variety of healthy options, including salads, wraps, and grain bowls.
Another trend in the market is the increasing demand for ethnic and international flavors. Consumers are looking for more diverse and exotic meal options, and deli counters and convenience stores are responding by offering a range of international cuisines, such as Thai, Mexican, and Mediterranean. This trend is expected to continue driving growth in the market as consumers seek out new and exciting flavors.
Major Players
Several major players dominate the market for ready-to-eat meals in deli counters and convenience stores. These companies offer a wide range of meal options to cater to diverse consumer preferences. Some of the key players in the market include:
1. Freshly
2. HelloFresh
3. Blue Apron
4. Daily Harvest
5. Snap Kitchen
Financial Data
According to a report by Research and Markets, the global market for ready-to-eat meals is highly competitive, with key players focusing on product innovation and expanding their distribution networks. Freshly, one of the leading players in the market, reported revenue of $430 million in 2020, representing a significant increase from the previous year. HelloFresh, another major player, reported revenue of $4.1 billion in 2020, indicating strong growth in the meal kit market.
Industry Insights
The market for ready-to-eat meals in deli counters and convenience stores is expected to continue growing in the coming years, driven by changing consumer preferences and the increasing demand for convenient meal options. Deli counters and convenience stores are likely to expand their offerings to cater to a wider range of consumer tastes, including healthy, international, and plant-based options. Additionally, technological advancements, such as online ordering and delivery services, are expected to further drive growth in the market.
In conclusion, the market for ready-to-eat meals in deli counters and convenience stores is experiencing significant growth, driven by changing consumer preferences and the increasing demand for convenient meal options. Major players in the market are focusing on product innovation and expanding their distribution networks to cater to diverse consumer preferences. As the market continues to evolve, deli counters and convenience stores are expected to offer a wider variety of meal options to meet the needs of busy consumers looking for quick and easy meal solutions.
