Ready-to-eat foods positioned for strong growth

The global ready-to-eat foods market is projected to register a healthy compound annual growth rate of 7.2 percent between 2016 and 2026, according to "Ready-to-eat Food Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," a new report from Valley Cottage, N.Y.-based Future Market Insights. Analysts with the company predict that the growing influence of millennials, a rise in the number of working women and increased on-the-go consumption habits are factors likely to boost the growth of the global ready-to-eat food products market during the forecast period.

"A large number of innovations in packaging technology such as introduction of advanced microwave technology have shifted the focus towards consumption of packaged foods in developed countries such as the U.S., Germany and Russia, and this, in turn, has led to a significant increase in the demand for ready-to-eat food products globally," Future Market Insights said.

However, "unhealthy substitutes and low quality and taste, coupled with an increasing shift towards a healthier lifestyle" could hinder market growth in the coming years, the company added.

In North America, ready-to-eat foods are expected to register significant value over the forecast period as the result of increasing per-capita consumption, Future Market Insights noted. By the end of 2016, the North America market is estimated to be valued at more than $39 billion, a number that is expected to expand at a CAGR of 7.3 percent over the forecast period and reach $78.7 billion by the end of 2026.

To learn more or to order the report, visit http://www.futuremarketinsights.com/reports/ready-to-eat-food-market.