Top 10 Ready Made Meal Ingredient Suppliers in Global Production
Introduction
The global ready-made meal industry has been experiencing significant growth in recent years, driven by changing consumer preferences for convenient and quick meal solutions. Ready-made meal ingredient suppliers play a crucial role in providing the necessary components for these meals, ranging from pre-cooked proteins to pre-cut vegetables and grains. In this report, we will explore the top 10 ready-made meal ingredient suppliers in global production, highlighting their financial data, industry insights, and market trends.
1. Nestle
Nestle is one of the leading ready-made meal ingredient suppliers globally, offering a wide range of products such as frozen vegetables, sauces, and pre-cooked proteins. With a strong presence in both developed and emerging markets, Nestle’s revenue from its ingredients division was reported at $10.3 billion in 2020.
2. Conagra Brands
Conagra Brands is another key player in the ready-made meal ingredient supply chain, providing a variety of products including frozen meals, pasta, and sauces. The company’s ingredients segment generated $5.7 billion in revenue in 2020, showcasing its significant market share in the industry.
3. Kerry Group
Kerry Group is a global supplier of ingredients for the food and beverage industry, including ready-made meal components such as seasonings, flavors, and sauces. With revenue of $7.2 billion in 2020, Kerry Group continues to expand its product offerings to meet the growing demand for convenient meal solutions.
4. Cargill
Cargill is a major player in the ready-made meal ingredient supply chain, providing a wide range of products such as grains, proteins, and oils. The company’s revenue from its food ingredients division reached $13.5 billion in 2020, highlighting its strong position in the market.
5. Ajinomoto Co., Inc.
Ajinomoto Co., Inc. is a leading supplier of food ingredients, including seasonings, sauces, and flavor enhancers for ready-made meals. The company reported revenue of $10.1 billion in 2020, indicating its significant contribution to the global supply chain for meal components.
6. McCormick & Company
McCormick & Company is a well-known provider of spices, herbs, and flavorings for the food industry, including ready-made meal manufacturers. The company’s revenue from its flavor solutions segment was $5.4 billion in 2020, demonstrating its strong foothold in the market.
7. Archer Daniels Midland Company
Archer Daniels Midland Company is a major supplier of ingredients for the food and beverage industry, offering products such as grains, sweeteners, and oils for ready-made meals. With revenue of $64.4 billion in 2020, ADM is a key player in the global supply chain for meal components.
8. Bunge Limited
Bunge Limited is a leading agribusiness and food ingredient supplier, providing oils, grains, and sweeteners for ready-made meal manufacturers. The company reported revenue of $41.2 billion in 2020, highlighting its significant presence in the industry.
9. Ingredion Incorporated
Ingredion Incorporated is a global provider of ingredient solutions for various industries, including food and beverage. The company offers a range of products such as starches, sweeteners, and texturizing agents for ready-made meals. With revenue of $6.4 billion in 2020, Ingredion continues to innovate and expand its product portfolio.
10. Symrise AG
Symrise AG is a leading supplier of flavors, fragrances, and ingredients for the food and beverage industry, including ready-made meal manufacturers. The company’s revenue reached $4.7 billion in 2020, showcasing its strong market position and commitment to providing high-quality ingredients for meal solutions.
In conclusion, the global ready-made meal ingredient supply chain is dominated by a few key players who provide a wide range of components for manufacturers. These top 10 suppliers play a crucial role in meeting the growing demand for convenient and quick meal solutions, driving innovation and quality in the industry. As consumer preferences continue to evolve, these suppliers will need to adapt and expand their product offerings to remain competitive in the global market.
