Canada Prepared Meals Market Outlook

Synopsis
The above chart is Canada Prepared Meals Market Outlook (2018 to 2032)

Market Dynamics

the canada ready meals market is poised to witness an impressive cagr of 5.9% during the forecast period from 2018 to 2032. this growth is mainly attributed to the rising demand for convenience foods due to sedentary lifestyles, high disposable incomes, and the growing working population. an overall increase in urbanization and an increase in disposable income coupled with an increase in the number of working women create a strong opportunity for the market players to further capitalize on the growth prospects of the ready meals market. the advancement in technology and the emergence of product innovations in the form of ready-to-eat meals tailored to suit various consumer needs are also positively impacting the demand for ready meals in canada. with the increasing popularity, the canada ready meals market is expected to account for an estimated value of us$ 4.699 billion in 2022 and a projected value of us$ 7.002 billion by 2032. this growth can be mainly attributed to the expanding market share of ready meals among the population and the increasing trend of dining out. furthermore, the rising demand for ready-to-cook meals due to the busy lifestyles is expected to further drive the growth of this market in canada. moreover, an increasing preference for healthy eating has compelled the vendors operating in the canada ready meals market to introduce variants that are rich in nutrients and low in fat and calories. in addition to this, the suppliers in the canadian market are focusing on introducing premade meals containing organic and plant-based ingredients. such product extensions are expected to witness substantial growth in the coming years owing to the strong inclination towards natural and nutritious foodstuffs. apart from this, the increasing penetration of online channels and the rule of access to products have made it easy for consumers in canada to purchase ready meals conveniently. consequently, several vendors in the market have shifted their focus to the online space resulting in rapid expansion of the ready meals market in canada. to summarize, the canada ready meals market is anticipated to continue a robust growth between 2018 to 2032, backed by an increasing demand for convenience foods and a shift in consumer lifestyles and dietary preferences.