The Perishable Prepared Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Perishable Prepared Food Global Market Report 2024, The perishable prepared food market size has grown strongly in recent years. It will grow from $101.06 billion in 2023 to $109.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to urbanization, rise of dual-income households, expansion of retail channels, globalization of cuisine, plant-based and alternative proteins
The perishable prepared food market size is expected to see strongly grown in the next few years. It will grow to $150.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to health and wellness trends, rise of online food delivery services, focus on premium and artisanal products, government initiatives and regulations, changing consumer lifestyles. Major trends in the forecast period include innovations in packaging, advancements in food preservation technologies, global flavors and fusion cuisine, subscription-based meal services, blockchain technology for supply chain transparency.
The growth in the perishable prepared food market is due to emerging market growth, an increase in disposable income, and improved earning capacity. An increase in disposable income is expected to propel the growth of the perishable prepared food market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Because the increase in disposable income increases the purchasing power of the consumer, which changed the eating habits of the consumer and increased the demand for perishable prepared food. For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44 Million in 2021 which is US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food market.
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The perishable prepared food market covered in this report is segmented –
1) By Type: Peeled or Cut Vegetables Fruits and Vegetables, Processed Food, Prepared Meals, and Other Perishable Prepared Food Manufacturing
2) By Distribution Channel: Online, Offline
3) By Application: Confectionery and Bakery, Jams and Preserves, Fruit-based Beverages, Dairy, Other Applications
Major companies operating in the perlite market are increasing their focus on introducing innovative perlite-based horticultural products to gain a competitive edge in the market. Perlite-based horticultural products are gardening or cultivation materials that incorporate perlite, a lightweight and porous volcanic mineral, to improve soil aeration, drainage, and provide a favorable environment for plant root development in various horticultural applications. For instance, in February 2021, Dicalite Management Group, LLC, a US-based mineral company, launched a new range of horticultural products under the Harvest Hero brand, targeting cannabis growers and gardeners. The first product released under the brand is the Enhanced Perlite Mix, a patent-pending soilless media that contains a unique 3-in-1 formulation of perlite, diatomaceous earth, and essential nutrients that support the first 30 to 40 days of growth without requiring additional fertilizer during this period. This product represents a significant performance breakthrough compared to existing soil substrate alternatives and has the potential to reshape the soilless mix category.
The perishable prepared food market report table of contents includes:
1. Executive Summary
2. Perishable Prepared Food Market Characteristics
3. Perishable Prepared Food Product/Service Analysis -Product/Service Examples
4. Perishable Prepared Food Market Trends And Strategies
5. Perishable Prepared Food Market – Macro Economic Scenario
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26. Germany Perishable Prepared Food Market
27. France Perishable Prepared Food Market
28. Italy Perishable Prepared Food Market
29. Spain Perishable Prepared Food Market
30. Austria Perishable Prepared Food Market
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