Global Frozen Ready Meals Market to Reach USD 73 Billion by 2034, Growing at a CAGR of 5.1% | Future Market Insights, Inc. [Yahoo! Finance]
ConAgra Brands, Inc. (CAG)
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Source: Yahoo! Finance
With rising disposable incomes, consumers are embracing gourmet, sustainably sourced, and plant-based meals, boosted by creative marketing collaborations with chefs and influencers. NEWARK, DE / ACCESSWIRE / October 22, 2024 / The global frozen ready meals market has been experiencing significant growth, reaching USD 42,232.0 million in 2023, with a year-on-year growth rate of 4.9%. The market is expected to reach USD 44,318.9 million in 2024 and USD 73,016.9 million by the end of 2034, growing at a CAGR of 5.1% over the forecast period. The increasing global demand for convenience and ready-to-eat food products is a major driver of the frozen ready meals market's growth. Although many consumers still consider frozen food as a backup option, a growing number of core buyers are deliberately choosing frozen products for specific meals. Frozen food is seen as a more cost-effective option and also helps save time during grocery shopping. Key Growth Drivers: Changing Consumer Pre
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