Microwavable Foods Market 2018 | Provides Guidance with Strong Growth (1)

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Opportunity Analysis and Industry Forecast,
2016-2023
Microwavable Foods Market
Global Opportunity Analysis and Industry
Forecast, 2017-2023
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• Microwavable foods are convenience food that
  require minimal preparation time and are cooked
  using the conventional microwave oven.
• A microwave oven reduces the preparation time of
  food, thus enabling cooking to be simpler and
  less time consuming.
• Increased participation of women in workforce and
  changes in family dynamics have increased the
  dependency on readymade microwavable foods.
• Other factors such as increased disposable
  income, rise in standard of living, and rapid
  increase in number of large retail chains
  supplement the growth of the market.

INTRODUCTION
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Overview
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• Microwavable Foods Market by Product and
  Packaging Technology Global Opportunity Analysis
  and Industry Forecast, 2017-2023.
• The global microwavable foods market was valued
  at 100,098 million in 2016, and is projected to
  reach 136,305 million by 2023, registering a
  CAGR of 4.4 from 2017 to 2023.
• In 2016, the frozen food segment accounted for
  approximately four-fifths share of the global
  market, in terms of value.
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Overview
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By Geography North America Europe Asia-Pacific LA
MEA
By Geography
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By Product
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• In 2016, the frozen microwavable foods segment
  dominated the microwavable foods market.
• These foods provide better nutritional benefits
  and taste, similar to that of fresh food.
  Consumer are on a constant lookout for a
  healthier meal that is easier to cook and tastes
  better, which is fulfilled by frozen microwavable
  foods.
• Freezing helps retain the essential nutrients in
  the food products, which are essential to
  synthesize various vitamins and minerals in the
  body.
• Furthermore, research and operational excellence
  of players have led to continuous improvement of
  existing products, thus driving the market
  demand.

By Product
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By Packaging Technology
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• The development of a patterned susceptor
  technology had led to a major breakthrough in the
  packaging technology of microwavable foods.
• The use of susceptor in packaging microwavable
  food helps the food to reach high temperature,
  thereby increasing its crunchiness and further
  browning it.
• In 2016, patterned susceptor technology segment
  accounted for the major share in the market.

By Packaging Technology
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