Market Insights and Analysis: Global Convenience Food Market Overview and Projections (2024-2030)
The Global Convenience Food Market size was valued at around USD 528 billion in 2023 and is expected to reach around USD 852.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.45% during the forecast period, i.e. 2024-2030.
Top leading companies in the Convenience Food Market includes:
Ajinomoto Co., Inc., Amy’s Kitchen, Inc., Cargill, Incorporated, General Mills Inc., McCain Foods Limited, MTR Foods Pvt. Ltd. (Orkla ASA), Nestlé SA, Tyson Foods Inc., Associated British Foods Plc, Grupo Bimbo, JBS Foods, Europastry S.A., Bakkavor Group Plc, Mosaic Foods, Mondelz International, Inc., Kraft Heinz, and others
Recent Developments:
· 2023: Revlon unveiled a novel hair color product, Revlon Color 'N Care. This hair coloring solution features an unprecedented formula that fuses vibrant colors with natural nourishing components and care treatments, delivering an exceptional hair color experience for consumers.
· 2022: L'Oréal Paris introduced the new Men Expert One-Twist Hair Color. It was the brand's first permanent hair color technique created specifically for men globally.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Ready-to-Eat Food
-Chilled Food
-Canned Food
-Frozen Food
-Others (Beverages, Ready-to-Cook Food, etc.)
· The frozen food segment accounts for the majority of the market share in the Global Convenience Food Market, offering a variety of products like fruits and veggies, pizzas, and desserts.
By Product
-Meat/Poultry Products
-Cereal-based Products
-Vegetable/Fruit-based Products
-Others (Dairy-based, Fish and Seafood, etc.)
By Distribution Channel
-Offline Retail
--Supermarkets/Hypermarkets
--Departmental Stores
--Specialty Stores
--Convenience Stores
--Others (Mom & Pop Shops, Discount Stores, etc.)
--Online Retail
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Convenience Food Market Geographic Reach:
The Geographic Reach of the Convenience Food Market evaluates the spread and significance of Convenience Food market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, Mexico
· Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
· Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
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