Global Microwavable Foods Market to 2027 – Millennial Preference for Cooking at Home Drives Demand – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Microwavable Foods – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Microwavable Foods estimated at US$102.6 Billion in the year 2020, is projected to reach a revised size of US$135.9 Billion by 2027, growing at a CAGR of 4.1% over the analysis period 2020-2027.
Frozen Microwavable Foods, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$113.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chilled Microwavable Foods segment is readjusted to a revised 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $27.7 Billion, While China is Forecast to Grow at 7.3% CAGR
The Microwavable Foods market in the U.S. is estimated at US$27.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.3 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.
Shelf Stable Microwavable Foods Segment to Record 2.8% CAGR
In the global Shelf Stable Microwavable Foods segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$4.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$19.3 Billion by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period.
Select Competitors (Total 48 Featured):
- Ajinomoto Foods North America, Inc.
- Bellisio Foods, Inc.
- Birds Eye Group, Inc.
- BRF S.A.
- Campbell Soup Company
- Conagra Brands, Inc.
- Cremonini S.p.A.
- Dawn Farm Foods Limited
- General Mills, Inc.
- Gunnar Dafgard AB
- Hormel Foods Corporation
- Itoham Foods, Inc.
- Kellogg Company
- Maple Leaf Foods Inc.
- McCain Foods Limited
- Nestle S.A.
- Pinnacle Foods, Inc.
- Schwan`s Company
- the Kraft Heinz Company
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Microwavable Foods: Meeting Ever-Changing Culinary Demands & Enabling Cooking Perfection in Few Hot Minutes
- Recent Market Activity
- Microwave Packaging Advancements Transform the Microwave Cooking Experience
- Global Market Outlook
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- The Frozen Food Renaissance & the Ready Meals Revolution Drives Healthy Growth in Demand for Microwavable Foods
- Food Processors Try to Eliminate Myths about Frozen Microwavable Foods
- Frozen Ready Meals Lead the Pack
- Value-Added Microwave Oven Blanched Frozen Fruits and Vegetables Gain Prominence
- Growing Interest in Frozen Microwavable Seafood Meals Augur Well for the Market
- The Millennials and their Preference for Cooking at Home Benefit Market Demand
- Global Millennial Population Facts & Figures: Important Opportunity Indicators
- Shelf-Stable Microwavable Foods Witness Steady Growth in Demand
- Innovations in Shelf-STable Microwavable Foods Packaging to Spur Growth
- Changing Landscape of Packaging for Shelf-STable Foods
- Convenience Factor Drive Adaptation of Popular Snack Foods to the Microwave
- Microwavable Popcorn Feels the Heat with Growing Competition from RTE Popcorn
- Growing Focus on Health and Wellness Drives Innovation in Microwavable Foods
- MATS: Long Term Freshness of Prepared Meals without Refrigeration
- Select Innovative Healthy Microwavable Meal Options
- Packaged Foods Demand Patterns Focus on the “Microwavability” Factor
- Microwavable Ethnic Cuisine: The Order of the Day
- Healthy Eating Brings the Spotlight on Steam Cooked Vegetables
- Revival of Interest in Microwave Ovens & Steady Launch of Technically Advanced Models Signal Opportunities
- Whirlpool Smart Front Control Range
- Smart Microwave Cover
- Tovala ‘Smart Oven’ to Cook Food Better
- Microwave Oven with Radio Frequency Technology
- Freescale’s New Microwave Model Replace 50-Year-Old Technology
- Microwave Ovens: Improved, Altered & Perfected to Meet Native Requirements
- RF Microwave: A New Wave of Cooking?
- Microwaving Bakery Products Unravel the Complications of a Longstanding Problem
- Microwavable Food Packaging: Redefining Convenience and Simplifying Food Preparation
- Convenience Packaging: The Precedent to Efficient Microwavable Packaging
- Innovations in Microwavable Food Packaging Contribute to Market Growth
- Favorable Demographic Trends Strengthen Market Prospects
- Expanding Global Population
- Shrinking Family Size
- Burgeoning Middle Class Population
- Rapid Urbanization
- Rising Women Workforce
- Aging Population
- Kids Emerge as a Lucrative Demographic Target for Microwavable Foods
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/szevo
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