Convenience Food Retail Market - Forecast(2021 - 2026)
Convenience Food Retail Market Overview The global convenience food retail market is estimated to surpass $1,128.6 billion by 2025, growing at a CAGR of 4.49% during the forecast period 2018–2025. The market is driven by the increase in working population and busy lifestyle of people across various regions. The ongoing trend towards the expansion of retail chains across the globe, particularly in Europe and Asia-Pacific, is also contributing to the overall industry growth. Convenience Food Retail Market Outlook Convenience food is typically a complete meal that is commercially prepared for ease of consumption. People are attracted towards convenience foods owing to the lack of cooking skills and long working hours. Changing consumer demographics, as people move to urban areas, have also contributed to the growth of the convenience food retail market. The global packaged food and processed food industry is estimated to witness significant growth in the next few years owing to the chang...