Prepared Dishes and Meal Market

Prepared dish and meal market: find recently published information powered by an Ai-driven BI tool. Information include exports, production, market size, imports, trade, consumption, market prices, and companies. Here is a breakdown by country, including Latin America, Africa, Russia, the U.K., EU, China, the U.S., and the Middle East. Market insights and forecast to 2030 are also featured in the snapshots.

The market for prepared dishes and meals is expected to see continued growth in response to rising demand globally. Projections anticipate a +4.3% CAGR in market volume, reaching 60M tons by 2030, and a +6.2% CAGR in market value, reaching $367.9B by the same year. These trends indicate a promising outlook for the industry over the next eight years.

Market Forecast

Driven by increasing demand for prepared dishes and meals worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market volume to 60M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $367.9B (in in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Prepared Dishes and Meals

After ten years of growth, consumption of prepared dishes and meals decreased by -2.8% to 43M tons in 2022. In general, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.0% against 2012 indices. Over the period under review, global consumption hit record highs at 44M tons in 2021, and then fell slightly in the following year.

The global prepared dishes and meal market size declined slightly to $226.9B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.7% against 2012 indices. Over the period under review, the global market attained the maximum level at $229.1B in 2021, and then shrank modestly in the following year.

Consumption By Country

The country with the largest volume of prepared dishes and meal consumption was China (9.2M tons), comprising approx. 21% of total volume. Moreover, prepared dishes and meal consumption in China exceeded the figures recorded by the second-largest consumer, the United States (4.1M tons), twofold. India (3.7M tons) ranked third in terms of total consumption with an 8.6% share.

In China, prepared dishes and meal consumption expanded at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+7.6% per year) and India (+6.1% per year).

In value terms, Japan ($44.8B), the United States ($34.7B) and China ($33.5B) constituted the countries with the highest levels of market value in 2022, together accounting for 50% of the global market. India, Brazil, the UK, Germany, Canada, Turkey, Pakistan, South Korea, Indonesia and Austria lagged somewhat behind, together accounting for a further 26%.

Among the main consuming countries, Austria, with a CAGR of +18.8%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of prepared dishes and meal per capita consumption was registered in Austria (157 kg per person), followed by Canada (22 kg per person), Germany (22 kg per person) and the UK (15 kg per person), while the world average per capita consumption of prepared dishes and meal was estimated at 5.4 kg per person.

In Austria, prepared dishes and meal per capita consumption increased at an average annual rate of +20.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+3.3% per year) and Germany (+5.2% per year).

Production

World Production of Prepared Dishes and Meals

In 2022, production of prepared dishes and meals decreased by -2.2% to 43M tons for the first time since 2011, thus ending a ten-year rising trend. In general, the total production indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +70.1% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13%. Global production peaked at 44M tons in 2021, and then declined modestly in the following year.

In value terms, prepared dishes and meal production contracted modestly to $209.7B in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.7% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 14% against the previous year. Over the period under review, global production attained the maximum level at $212.1B in 2021, and then fell modestly in the following year.

Production By Country

China (9.4M tons) remains the largest prepared dishes and meal producing country worldwide, comprising approx. 22% of total volume. Moreover, prepared dishes and meal production in China exceeded the figures recorded by the second-largest producer, the United States (3.9M tons), twofold. The third position in this ranking was taken by India (3.8M tons), with an 8.9% share.

In China, prepared dishes and meal production expanded at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+5.4% per year) and India (+6.3% per year).

Imports

World Imports of Prepared Dishes and Meals

For the eleventh consecutive year, the global market recorded growth in purchases abroad of prepared dishes and meals, which increased by 1.3% to 9.8M tons in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 9.3% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, prepared dishes and meal imports rose modestly to $56.7B in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (833K tons), followed by Germany (502K tons) and the Netherlands (445K tons) represented the largest importers of prepared dishes and meals, together creating 18% of total imports. South Korea (429K tons), the UK (419K tons), China (388K tons), Japan (379K tons), Canada (308K tons), France (307K tons), Belgium (240K tons), Australia (230K tons), Malaysia (223K tons) and the Philippines (214K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +15.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($7.9B), China ($4.7B) and Germany ($2.3B) constituted the countries with the highest levels of imports in 2022, with a combined 26% share of global imports.

China, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average prepared dishes and meal import price amounted to $5,762 per ton, with an increase of 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.7%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($12,130 per ton), while Japan ($2,584 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Prepared Dishes and Meals

For the seventh consecutive year, the global market recorded growth in overseas shipments of prepared dishes and meals, which increased by 4.6% to 9.6M tons in 2022. The total export volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 9.4% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, prepared dishes and meal exports expanded to $55B in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports By Country

In 2022, the Netherlands (856K tons), Germany (790K tons), Thailand (783K tons), the United States (657K tons) and China (641K tons) represented the largest exporter of prepared dishes and meals in the world, constituting 39% of total export. The following exporters - France (381K tons), Belgium (367K tons), Singapore (339K tons), Indonesia (331K tons), Italy (328K tons), Malaysia (328K tons), Poland (311K tons) and Canada (270K tons) - together made up 28% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +14.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest prepared dishes and meal supplying countries worldwide were Singapore ($6.8B), the United States ($6.1B) and Germany ($4.8B), together accounting for 32% of global exports.

In terms of the main exporting countries, Singapore, with a CAGR of +31.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average prepared dishes and meal export price stood at $5,707 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices hit record highs at $5,770 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($20,079 per ton), while Thailand ($1,865 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform