DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ready-to-Eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.
The global ready-to-eat food products market is expected to expand at a CAGR of 7.2% during the forecast period (2016-2026) and is estimated to be valued at US$ 195.3 Bn by the end of 2026.
The Food and Drug Administration (FDA) defines ready-to-eat food as animal or plant derived food that is cooked, frozen, washed, cooked for hot holding, cooled, and processed to be consumed directly or after heating. Ready-to-eat food must comply with all USDA guidelines related to processing, washing, drying, cooling, freezing, and packaging.
The global ready-to-eat food products market is segmented on the basis of Product Type (Meat/Poultry, Cereal Based, Vegetable Based, Others), Packaging (Canned, Frozen or Chilled, Retort, Others), and Distribution Channel (Hypermarket/Supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others).
On the basis of product type, the Meat/Poultry segment is projected to account for the largest value share during the forecast period; this segment is estimated to account for 45.7% value share in 2016. In the packaging category, the Frozen or Chilled segment is likely to expand at a CAGR of 8.0% over the forecast period. In the distribution channel category, the Hypermarket/Supermarket segment is estimated to account for the highest value share of 34.3% in 2016 and is expected to gain significant market share by the end of 2026.
For more information about this report visit http://www.researchandmarkets.com/research/8j5lsp/readytoeat_food
