Selbyville, Delaware, March 01, 2022 (GLOBE NEWSWIRE) — According to the report published by Global Market Insights Inc., the Western Europe ready-to-eat meat market was estimated at USD 37.5 billion in 2020 and is expected to be valued at over $63.5 billion by 2027, register with a 7% CAGR from 2021 to 2027. The report provides a detailed analysis of market size and estimates, major investment pockets, top winning strategies, drivers and opportunities, competitive scenario and hesitant market trends.
Ready-to-eat meals are considered convenient, quick and economical meals. These meals have gained popularity among workers and students as a convenient food option. The do-it-yourself mainstream trend has encouraged consumers to cook various cuisines or dishes at home without any prior preparation, especially in light of the COVID-19-induced lockdowns. In addition, meat is considered a good source of protein, minerals and vitamins. Growing awareness of the benefits of including meat in the diet has driven the demand for products. Additionally, growing consumer preference for convenient, ready-to-eat meals with optimal nutritional value is expected to fuel the market growth over the forecast period.
Sample Report Request: https://www.gminsights.com/request-sample/detail/5201
Breaded fish products include major seafood such as fish balls, fish fillets and fish sticks. To prevent rancidity and discoloration, these products are either processed fresh or processed frozen and packaged appropriately. The growing interest of manufacturers in proper packaging and storage of products, along with the growing consumption of fish and fish products, is believed to be driving product adoption. Due to these factors, the breaded fish product type segment is expected to witness substantial progress to be worth more than USD 4.05 billion by the end of 2027.
On the other hand, the cooked ham segment is expected to be valued at over USD 11.10 billion by the end of 2027. Cooked hams are known to be an excellent source of vitamin B, protein, minerals and are rich in energy-boosting nutrients, including iron and choline, which should accelerate product demand.
Key reasons for the growth of ready-to-eat meat market in Western Europe:
- Increased availability at independent stores.
- Growing demand for ready-to-eat breaded fish products.
- Growth of the ready-to-eat meat market in Italy.
The 2027 forecasts show that the “independent merchants” segment retains its dominance:
With regard to distribution channels, the Market share of ready-to-eat meat in Western Europe of the independent retailer segment is poised for robust growth by 2027, with a CAGR of over 6% over the analysis period. The ability of independent stores to easily adapt to changes and trends to meet consumer needs, coupled with changing consumer buying behavior, is likely to propel segmental expansion over the period. study.
Italy maintains its leading status in terms of turnover:
Regionally, the Italian ready-to-eat meat market is expected to grow at a CAGR of around 6.1% over the assessment period to reach considerable valuation by the end of 2027. This growth is attributed increased spending on packaged goods. food products and the growing popularity of preservative products such as frozen meat.
Additionally, the COVID-19 pandemic has pushed consumers to purchase products from online distribution channels rather than hypermarkets and supermarkets due to the increased risk of disease exposure in crowded public spaces. Additionally, booming sales of ready-to-eat meat, along with booming online grocery delivery services, are expected to drive the development of the regional market in the coming period.
Request to customize this report: https://www.gminsights.com/roc/5201
Impact of COVID-19 on the ready-to-eat meat market in Western Europe:
The COVID-19 pandemic has had a significant impact on meat production, the supply chain and the price of meat, leading to a major socio-economic crisis in the region. Prices for meat and meat products initially rose due to supply shortages and increased demand from panic buying. However, since the onset of COVID-19, the retail industry has seen an increase in online grocery shopping and new apps, which has supported the growth of the ready-to-eat meat market during the pandemic. pandemic.
Main market players:
Major market players operating in the ready-to-eat meat industry in Western Europe include Ifantis SA, Tyson Foods, Plukon Food Group BV, Vismara SpA, Smithfield Foods, Inc., OSI Group, Cargill Meat Solution, and JBS Food, among others.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services. Offering syndicated and custom research reports, growth advisory and business intelligence services, Global Market Insights Inc. aims to help clients with penetrating insights and actionable market data that facilitates strategic decision-making.