According to our latest market study, titled "Ready-to-Eat Food Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Breakfast Cereals, Instant Soups & Noodles, Ready Meals, Snacks, Baked Goods & Confectioneries, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)," the ready-to-eat food market is projected to reach US$ 1,471.94 billion by 2028 from US$ 1,073.87 billion in 2022. It is expected to grow at a CAGR of 5.4% from 2022 to 2028.

Over the recent decades, women have been increasingly participating in workforces across various countries at a high pace. Traditionally women have had the responsibility of preparing meals in all households. Thus, the increasing women participating in the workforce has led to numerous households to seek for store bought meals. As ready to eat meals can be easily procured, stored, served, or eaten, they have proven to be convenient by saving physical effort and time.

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During the recent decades, women's participation in labor has increased tremendously. According to the “International Labor Organization,” the female employment rate in Germany was 42.50% in 1990 and has increased to 54.91% by 2020. Similarly, the female employment rate in other countries, such as the US, France, Chile, and Mexico, has increased. This significant rise in women's employment is strongly influencing the growth of the ready-to-eat food market with the rising preference for convenience food.

Additionally, a rise in the working women population has also transformed the eating habits of people. Many of these products are also known to have high nutritional value.  A large number of brands of RTE products available at multiple retail stores. Manufacturers are delving into product innovations in terms of flavor, shelf life, taste, texture, and packaging which has significantly led to higher demand for ready to eat meals. The improved quality of ready to eat meals has led consumers to choose the option over food service.

The female labor force across many countries has increased exponentially from 1990 to 2020, indicating positive trends across numerous countries across the globe. Notably, growth in participation began at different points in time, and proceeded at different rates; nonetheless, the substantial and sustained growth in the participation of women in labor forces in rich countries remained a striking feature of economic and social developments in the 20th century. Thus, this factor is potentially contributing to the growth of ready-to-eat food market.
Key players operating in the ready-to-eat food market are Nestlé SA; Conagra Brands Inc.; The Kraft Heinz Company; General Mills Inc.; CAMPBELL SOUP COMPANY; MTR Foods Pvt Ltd.; Hormel Foods Corporation; Tyson Foods, Inc.; JBS S.A.; and The Kellogg Company.

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