Global Microwavable Foods Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Microwavable Foods Market Overview :

“The global Microwavable Foods Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global microwavable foods market report has been segmented on the basis of product, packaging, and region.

Microwavable food is referred to pre-packaged food product which requires less preparation for cooking and speeds up the cooking process. Products that can be prepared in a microwave are characterized as shelf stable microwavable food, chilled food, and frozen food. Microwave ovens cook food using energy waves that are similar to radio waves but comparatively shorter.

These waves are selective, mainly affecting water and other molecules that are electrically unequal with one end positively charged and the other negatively charged. Microwaves cause these molecules to vibrate and quickly build up thermal (heat) energy. Foods that are stored at room temperature or "on the shelf" and pre-treated by heat or dried to destroy food-borne microorganisms are known as shelf stable microwavable foods. Microwavable chilled foods are stored at refrigeration temperatures, of below 0 -5°C.

Chilled food products contains are microbiologically safe high quality but have a low shelf life. Microwavable frozen food is often preferred as it can be offers long shelf life and can be prepared in less time.

Increasing population of working women and nuclear families have increased the dependence on readymade and convenience food. This has further led to flow in demand for shelf stable, chilled, and frozen food, which is expected to fuel growth of microwavable foods market. Increasing number of large retail chains, such as hypermarkets and supermarkets, drives the demand for microwavable foods.

Moreover, continuous innovation and development in the packaging of microwavable food items attracts the customer, and hence drives the overall growth of the market.

However, consumers' hold a negative perception towards nutritional value in microwavable foods which may restrain the market growth. Advancing freezing technologies and increasing presence of large number of fast food chains in developing economies are expected to provide beneficial opportunities for the market players.

Currently, the market in North America dominates the global microwavable foods market in terms of revenue. North America have developed in terms of innovative food consumption solutions. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing disposable income coupled with changing standard of living leading to changes in the food consumption preferences of consumers.

Global Microwavable Foods Market Segmentation:

Segmentation on the basis of product:

• Shelf Stable Microwavable Food
• Chilled Food
• Frozen Food

Segmentation on the basis of packaging type:

• Trays
• Folding Cartons
• Cups, Tubs, and Bowls
• Bags and Pouches
• Sleeves

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa