MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Convenience Food Market Research Report Forecast (2024-2030). This report provides a detailed assessment of the Convenience Food Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019-22
- Base Years: 2023
- Forecast year - 2024-20300
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
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Convenience Food Market Outlook
According to the report, The Global Convenience Food Market size was valued at around USD 528 billion in 2023 and is expected to reach around USD 852.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.45% during the forecast period, i.e. 2024-2030. The market has been developing fairly due to shifts in lifestyles, stressful schedules, expedited urbanization, an on-the-move mentality, and expanded ranges of disposable earnings. In addition, the convenience food industry has been boosted via technological improvements in food preservation and packaging. These advancements enhance the product quality and shelf life of convenience foods, making them more appealing to customers. Hence, as the lifestyle of consumers changes in developing regions, there is anticipated to be significant growth in the demand for packaged and processed food in the coming years.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
Convenience Food Market Drivers:
Rapidly Changing Consumer Lifestyles Driving Inclination Toward Frozen Food & Beverages – There has been a rapid growth in the demand for frozen food and beverages, which is significantly fueling the expansion of the convenience food industry. This synergy has been attributed to numerous key factors. The frozen food and beverage sector is experiencing higher demand due to changing buyers' preferences & lifestyles. They provide the dual benefits of ease of instruction and prolonged shelf existence, catering to the demands of time-strapped consumers. Additionally, frozen foods align seamlessly with these trends, providing convenient, ready-to-eat, or easy-to-prepare meal options. They offer a practical solution for individuals and families seeking quick, hassle-free dining choices in the packaged food segment, which has further boosted their demand.
View Full Report (All Data, In One Place) and Explore in-depth analyses, technological trends, and investment patterns.
Convenience Food Market Segmentation
The study categorizes the Convenience Food Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Type
- Ready-to-Eat Food
- Chilled Food
- Canned Food
- Frozen Food
- Others (Beverages, Ready-to-Cook Food, etc.)
By Product
- Meat/Poultry Products
- Cereal-based Products
- Vegetable/Fruit-based Products
- Others (Dairy-based, Fish and Seafood, etc.)
By Distribution Channel
- Offline Retail
- Supermarkets/Hypermarkets
- Departmental Stores
- Specialty Stores
- Convenience Stores
- Others (Mom & Pop Shops, Discount Stores, etc.)
- Online Retail
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Leading Companies in Convenience Food Market Worldwide: Players, Analysis & Future Outlook
Compass Group, Sodexo, EMCOR, Cushman & Wakefield, Trane, CBRE, Jones Lang LaSalle Incorporated (JLL), G4S PLC, ISS, Ecolab, and others are the top companies in the Convenience Food Market.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/convenience-food-market.html
Frequently Asked Questions (FAQ)
1. What is the projected growth rate of the Convenience Food Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Convenience Food Market?
4. Who are the prominent players in the Convenience Food Market?
5. How is the competition structured in this market?
6. How can I access the full report?
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About Us
MarkNtel Advisors is a leading global market intelligence firm specializing in the food and beverages industry, encompassing food supplements & additives, food logistics, and warehousing solutions. We deliver comprehensive research on supply chain efficiency, evolving consumption trends, and regulatory shifts. With our Custom Market Analysis, we offer tailored insights to manufacturers, distributors, and investors, helping them optimize operations, strengthen market positioning, and drive sustainable growth in the global F&B ecosystem.
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MarkNtel Advisors
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Contact No: +91 8719999009
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Website: https://www.marknteladvisors.com
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