Scope for Ready to Eat Food (Marketsize,Major Players, Changing Patterns)
Scope for Ready to Eat Food (Market size, Major Players, Changing Patterns)-Great opportunities Ahead Twitter Handle: @shuchi_nahar Global Ready To Eat Industry Globally, the demand for Ready-to-Eat (RTE) food has grown significantly and is expected to reach US $172 billion by the end of 20231. Changing food habits, lack of time and easy accessibility to various food groups have generated a huge demand for these products. Driven by high disposable incomes, ease of use, busy lifestyle, and better nutritive content, consumers globally are relying more on Ready - to - Eat food. Ready to Eat Industry –Market size & Growth The global ready meals market size was valued at USD 159.15 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2027 . Shifting consumers’ food preferences towards ready-to-eat food products owing to the busy lifestyle of working individuals as well as hectic work schedules of college grads and students are expect...