China is leading the ranking by revenue in the 'Convenience Food' segment of the food market, recording 138.2 billion U.S. dollars. Following closely behind is Japan with 67.6 billion U.S. dollars, while Australia is trailing the ranking with 3.7 billion U.S. dollars, resulting in a difference of 134.5 billion U.S. dollars to the ranking leader, China.
Data provided by Statista Market Insights are estimates.
Definition:
The Convenience Food market covers any form of pre-packaged or prepared food that is intended to be simple to prepare or consume quickly, requiring little to no cooking or other preparation. Examples include ready-to-eat meals, frozen dinners, and soups. The focus of these meals is less on quality and nutrition and more on convenience and accessibility.
Structure:
The market consists of two different submarkets:
The Ready-to-Eat Meals market covers products that require minimal preparation by the consumer, i.e., meals that only require heating up.
The Soups market covers finished products such as powders for making soup (instant soups), and broth or liquid soups that are purchased in prepared form (tinned soups).
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (September 27, 2024). Revenue of the convenience food market worldwide by country in 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country
Statista. "Revenue of the convenience food market worldwide by country in 2023 (in million U.S. dollars)." Chart. September 27, 2024. Statista. Accessed October 13, 2024. https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country
Statista. (2024). Revenue of the convenience food market worldwide by country in 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country
Statista. "Revenue of The Convenience Food Market Worldwide by Country in 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country
Statista, Revenue of the convenience food market worldwide by country in 2023 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country (last visited October 13, 2024)
Revenue of the convenience food market worldwide by country in 2023 (in million U.S. dollars) [Graph], Statista, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/758684/revenue-of-the-convenience-food-market-worldwide-by-country