Study: Ready-to-eat foods expected to dominate market
The meat/poultry segment is projected to account for the largest value share during the forecast period, accounting for 45.7% value share in 2016.
The global ready-to-eat (RTE) 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 $195.3 billion by the end of 2026, according to a study produced by Future Market Insights, Valley Cottage, N.Y.
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/chilled, retort, others) and distribution (hypermarket/supermarket, convenience/department store, specialty store, online store, others).