Ready meals is expected to record an uplift in value growth in 2020, with a prediction of 11% compared to 2019 recorded growth of 5%. This positive result will be due to the outbreak of COVID-19, with ready meals sales rising as an increase in home cooking take places, while foodservice options decline. Shelf stable ready meals is expected to record the fastest growth in both value and volume terms, benefiting from its affordability. Given that some Filipinos have lost their jobs, shelf stable r...
Euromonitor International's Ready Meals in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.
Product coverage: Chilled Lunch Kits, Chilled Pizza, Chilled Ready Meals, Dinner Mixes, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, Prepared Salads, Shelf Stable Ready Meals.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Ready Meals market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market's major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
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Ready Meals in the Philippines
Euromonitor International
February 2021
List OF CONTENTS AND TABLES
KEY DATA FINDINGS
2020 IMPACT
Growth increases as COVID-19 leads to a rise in home cooking, and shelf stable meals are stockpiled
Due to the outbreak of COVID-19, foodservice outlets offer meal kits to consumers
Retailers respond to the outbreak of COVID-19 by offering consumers a host of new ready meal options
RECOVERY AND OPPORTUNITIES
Following the outbreak of COVID-19, healthy food products will drive innovation
Foodservice players have the opportunity to enter the ready meals landscape
Players are set to launch new frozen ready meals across the forecast period, boosting growth in the overall landscape
CATEGORY DATA
Table 1 Sales of Ready Meals by Category: Volume 2015-2020
Table 2 Sales of Ready Meals by Category: Value 2015-2020
Table 3 Sales of Ready Meals by Category: % Volume Growth 2015-2020
Table 4 Sales of Ready Meals by Category: % Value Growth 2015-2020
Table 5 Sales of Frozen Ready Meals by Ethnicity: % Value 2015-2020
Table 6 NBO Company Shares of Ready Meals: % Value 2016-2020
Table 7 LBN Brand Shares of Ready Meals: % Value 2017-2020
Table 8 Distribution of Ready Meals by Format: % Value 2015-2020
Table 9 Forecast Sales of Ready Meals by Category: Volume 2020-2025
Table 10 Forecast Sales of Ready Meals by Category: Value 2020-2025
Table 11 Forecast Sales of Ready Meals by Category: % Volume Growth 2020-2025
Table 12 Forecast Sales of Ready Meals by Category: % Value Growth 2020-2025
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Description
The global frozen-cooked ready meals market is anticipated to expand at a healthy compound annual growth rate of 3.8% between 2023 and 2029. The market size is projected to increase from its current valuation to an estimated $72.92 million by the end of the forecast period.
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