Dublin, July 27, 2020 (GLOBE NEWSWIRE) — The “Asia-Pacific Ready Meals Market – Growth, Trends, and Forecast (2020-2025)” report has been added to ResearchAndMarkets.com’s offering. The Asia-Pacific Ready Meals Market is projected to grow at a CAGR of 8.79% during the forecast period 2020-2025.The market for ready meals is developing rapidly due to factors, such as the prevalence of a fast-paced lifestyle, especially in urban areas, which is leading to increased demand for precooked foods, among consumers, to save time. The changing food consumption patterns, due to increasing urbanization, is another factor driving the ready meals market, in the region. From a manufacturer’s point of view, advances in food technology and development in terms of food preparation and processing have enabled the expansion of the market.Key Market TrendsGrowing Demand for Frozen Meals in the RegionThe growth of the frozen meals market is primarily driven by the growth of the market in developing countries such as India. The increasing urbanization is the major factor for the growth in the region. The increase in demand for convenience food along with, the incorporation of healthy ingredients in the ready meals, the innovative packaging, and the proper regulations are also factors affecting the growth of the market. Moreover, processed food is considered as the most popular junk food. In addition, improvements in the nutritional value of frozen food, interesting ingredient profiles are fuelling the market.India forms Lucrative Market for Ready MealsThe regional market is mainly driven by the increasing demand from emerging nations, including India. Continuous product innovations and attractive packaging of the products are driving the sales of ready meals in the country. Although according to the sample registration system (SRS) baseline survey 2014, 70% of the consumers are non-vegetarian nonetheless vegan diet is getting widespread in the country due to religiosity and changing lifestyles. The demand for vegetarian ready meals is high thus giving an opportunity to the local players of the market to produce innovated products for vegan consumers`Competitive LandscapeThe ready foods market is a highly competitive market with the top players holding the major market share. There are various small and regional players that also exist in the market. The players are diversifying their product portfolio to include more ready meals into their product range. McCain Foods, CSC Brands, MTR Foods, and Sanquan Company, etc are the major players in the market studied.Key Topics Covered1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter’s Five Forces Analysis5 MARKET SEGMENTATION5.1 By Product Type5.1.1 Frozen Ready Meals5.1.2 Chilled Ready Meals5.1.3 Dried Ready Meals5.2 By Distribution Channel5.2.1 Supermarkets/Hypermarkets5.2.2 Convenience Stores5.2.3 Online Retail Stores5.2.4 Other Distribution Channels5.3 By Geography5.3.1 China5.3.2 Japan5.3.3 India5.3.4 Australia5.3.5 Rest of Asia-Pacific6 COMPETITIVE LANDSCAPE6.1 Most Active Companies6.2 Most Adopted Strategies6.3 Market Share Analysis6.4 Company Profiles6.4.1 McCain Foods Ltd.6.4.2 Nestle SA6.4.3 CSC Brands L.P.6.4.4 TastyBite6.4.5 MTR Foods Pvt. Ltd.6.4.6 Freshway6.4.7 TataQ6.4.8 Sanquan Company7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/vp3gql
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