Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Ready Meals Market Outlook
*this image is indicative*
The Australia ready meals market comprises various products such as chilled pizza, canned preserved ready meals, dried ready meals, frozen pizza etc. The Australia ready meals market growth can be justified by the increase in the working population in the country along with the other benefits that these pre-prepared meals provide such as their easy-go nature.
| Australia Ready Meals Market Summary | Description | Value |
| Base Year | AUD Million | 2023 |
| Historical period | AUD Million | 2018-2023 |
| Forecast Period | AUD Million | 2024-2032 |
| Market Size 2023 | AUD Million | 2,692.0 |
| Market Size 2032 | AUD Million | 4,418.4 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.7% |
| CAGR 2024-2032 - Market by Region | New South Wales | 6.5% |
| CAGR 2024-2032 - Market by Region | Western Australia | 5.4% |
| CAGR 2024-2032 - Market by Meal Type | Vegetarian | 6.2% |
| CAGR 2024-2032 - Market by Distribution Channel | Online Channels | 6.2% |
| Market Share by Region | Queensland | 17.2% |
The Australia ready meals market is enhanced by the increase in customisation benefits, convenient alternatives, health benefits and technological advancements.
Convenient Alternatives
The Australia ready meals market development is being guided by the increase in the working population leading to home-cooked meals being substituted by ready meals to save time.
Ready meals offer ample customisation benefits thus helping individuals to customise what they would like to eat while excluding other ingredients from the meal.
Ready meals are rich in nutrients and are available in various options such as gluten-free, diabetes-free, vegetarian, dairy-free, etc.
To make environment-friendly plastic packaging for packing ready meals, the company Dineamic adopted eco-cardboard packaging instead of plastic packaging.
To expand its ready meal portfolio and helping catering to broader consumers, the Australian plant-based meat maker v2food has acquired two ready meal brands MACROS and Soulara.
Quorn, a UK meat-free brand has launched an Australian-made Frozen Ready Meals, which also includes vegetarian dishes Spaghetti Bolognese, Thai Style Green Curry & Rice, and Butter Chicken Style Curry & Rice.
The Australia brand The Mad Foodies produced ready meals made with the CSIRO low-carb diet as an aid of adding nutritional value to the food.
The Australian plant-based meat maker v2food introduced four new vegan-ready dishes to its menu. This includes lasagne, chilli con carne, bolognese and penne bake.
As per the Australia ready meals market report, the demand for ready meals is increasing due to the increase in the working population in the country. To save time, working professionals prefer ready meals over home-cooked meals which further results in Australia ready meals market growth.
Moreover, vegan-ready meals provide health benefits to individuals who are conscious about their physical health. The online food services also provide customization options to the individuals thus helping them to be more specific about what they want to eat.
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Australia Ready Meals Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Meal Type
Market Breakup by Product Type
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
These meals include non-vegetarian ingredients such as eggs, chicken etc. which are the most preferred meals by individuals as they are rich sources of protein and nutrients thus resulting in the Australia ready meals market growth. Vegan and vegetarian ready meals are those meals which are rich in plant-based proteins and are preferred by individuals who want to maintain a healthy lifestyle.
Chilled ready meals are the most preferred meals by individuals. They maintain the nutritional values longer as compared to the other meals and are also high in protein and fibres, thus resulting in holding a greater Australia ready meals market share. Dried ready meals, chilled pizza, frozen pizza, frozen ready pizza, canned preserved ready meals and prepared salads are those meals that are made with the nutritional values but are high in calories.
The residential segment dominates the market due to the maximum usage by working individuals as they prefer packaged ready meals rather than cooking the food by themselves.
Online channels are those places which help individuals get easy access to the ready meals that they want to have. They also provide discounts as well along with customisation benefits thus helping individuals to order ready meals. Supermarkets and hypermarkets are also convenient options for individuals to get easy access to ready meals.
The Australia ready meals market competitiveness has increased due to customization benefits, convenient alternatives, health benefits and technological advancements.
Youfoodz Pty Ltd. is involved in the delivery of ready-made meals which are tasty, healthy and fresh in characteristics. It mainly consists of three types of menus including low-calorie, flexitarian and everyday healthy meals.
Youfoodz Pty Ltd. is involved in the delivery of ready-made meals which are tasty, healthy and fresh in characteristics. It mainly consists of three types of menus including low-calorie, flexitarian and everyday healthy meals.
Soulara is operating to provide ready-made meals which are plant-based and are rich in proteins, nutrients, fibres, natural flavours and low in saturated fats.
My Muscle Chef Pty Ltd is involved in the production of ready meals that are incorporated with healthy ingredients which helps in weight reduction and works as a fitness goal.
Other Australia ready meals market key players are MarleySpoon Pty Ltd., Grocery Delivery eServices Australia Pty Ltd., Macros, Oppenheimer Pty Ltd., and Lite n’ Easy, among others.
According to the Australia Bureau of Statistics, the increase in the number of individuals employed per month which furthermore results in the market growth. For instance, the number of individuals employed in January 2024 in Queensland shows an increase of around 0.2% from the last month i.e. December 2023 which is further likely to supplement the market growth.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 6.5% |
| Western Australia | 5.4% |
| Others | 4.5% |
| Victoria | XX% |
| Queensland | XX% |
| Australian Capital Territory | XX% |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at AUD 2691.98 million in 2023.
The market is projected to grow at a CAGR of 5.66% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 4418.42 million in 2032.
The ready meals market is growing with an increase in customization benefits, convenient alternatives, health benefits and technological advancements.
Based on the meal type, the ready meals market is bifurcated into vegetarian and non-vegetarian.
Key players in the market are Youfoodz Pty Ltd., Chefgood Pty Ltd., Soulara, My Muscle Chef Pty Ltd, MarleySpoon Pty Ltd., Grocery Delivery eServices Australia Pty Ltd., Macros, Oppenheimer Pty Ltd., and Lite n’ Easy, among others.
Based on product type, the market is divided into chilled pizza, frozen pizza, dried ready meals, chilled ready meals, frozen ready meals, canned preserved ready meals, chilled pizza, and prepared salads.
The different types of ultra-processed ready meals include pizzas, chicken nuggets, supermarket curries and pasta sauces.
The market is broken down into New South Wales, Victoria, Queensland, Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Meal Type |
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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