South America Frozen Ready Meals Market Outlook, 2029

People in South America have begun to spend their wealth on a variety of cuisines. South America's growing economy is improving people's lifestyles. As South America's working population grows, individuals' lifestyles become more hectic than ever, leaving them unable to prepare routine food for themselves. The expansion of women in the South American workforce, as well as young people living alone for school or employment purposes, is directly or indirectly increasing the region's consumption of frozen ready meals. People are becoming more mindful of healthy and nutritious diets. The sickness induced by unhealthy eating, particularly animal products, has increased demand for frozen ready meals in South America. The South American population is becoming increasingly urbanized, which is leading to a change in lifestyle and eating habits. People are looking for convenient and easy-to-prepare meals, and frozen ready meals offer a perfect solution. South America is a popular tourist destination, attracting visitors from around the world. Tourists, particularly those on short trips or without access to cooking facilities, often rely on convenient food options. Frozen ready meals provide a practical solution for tourists to enjoy a quick and satisfying meal while exploring the region. South American frozen ready meal manufacturers have expanded their reach beyond domestic markets. The export of frozen meals to other regions and countries presents a growth opportunity for the industry. Increasing demand for South American cuisine in international markets and the availability of logistics networks have facilitated the export of frozen ready meals.

According to the research report, “South America Frozen Ready Meals Market Outlook, 2029", published by Bonafide Research, the market is expected to add USD more than 920 Million by 2029. South American countries such as Brazil, Argentina, and Chile have emerged as major consumers and producers of frozen ready meals within the region. Local food companies have also entered the market, offering frozen meals that cater to regional tastes and traditional dishes. The Brazil is dominating the market in South America holding more than 44% in 2023. Brazil has the most people in South America, resulting in a sizable market base for frozen ready meals. The country's large population and urbanisation have contributed to a growth in demand for time-saving and convenient meal options. Brazil has a strong food processing industry that can provide a wide variety of frozen ready meals. Food processing companies in the country have invested in innovative technology and manufacturing skills, allowing them to manufacture high-quality frozen meals in huge quantities. Brazilian food producers have taken the initiative to provide unique frozen ready-meal solutions. They've launched items to meet certain dietary demands and preferences, such as vegetarian, gluten-free, and organic alternatives. This emphasis on product innovation has helped Brazil establish a commercial advantage. Frozen ready meals often include traditional Brazilian dishes like feijoada, a black bean and pork stew. Grilled meats, such as churrasco (barbecue), are popular in Brazilian cuisine, and frozen ready meal options often include pre-marinated and pre-cooked meat cuts for easy preparation.

South American companies have embraced advanced freezing techniques to preserve the quality and freshness of frozen ready meals. Blast freezing, which rapidly freezes food at extremely low temperatures, helps maintain the texture, flavor, and nutritional value of the ingredients. MAP technology involves modifying the atmosphere within the packaging to extend the shelf life of frozen ready meals. By replacing oxygen with a mixture of gases such as nitrogen and carbon dioxide, MAP inhibits microbial growth and slows down oxidation, helping to preserve the food's quality and freshness. Sous vide cooking involves vacuum-sealing ingredients in a pouch and cooking them at a precise, low temperature in a water bath. This technique is used in some high-end frozen ready meals in South America to ensure even cooking, tenderness, and enhanced flavors. Furthermore, Advancements in packaging technology have led to the development of smart packaging solutions for frozen ready meals. These packages incorporate features such as time-temperature indicators and QR codes that provide information about product traceability, cooking instructions, and nutritional details, enhancing consumer convenience and transparency.

ANVISA is the national regulatory agency responsible for protecting and promoting public health in Brazil. It establishes regulations and standards for food safety, including frozen ready meals, and monitors compliance through inspections and audits. Furthermore, MSPS is the Colombian Ministry of Health and Social Protection. It sets regulations and guidelines for food safety and quality, including frozen ready meals, and oversees their implementation and enforcement. SENASA is the Argentinean National Health and Agri-Food Quality Service. It regulates and controls food safety and quality throughout the food production chain, including frozen ready meals. MINSAL is the Ministry of Health in Chile, responsible for ensuring public health and safety. It sets regulations and guidelines for food safety, including frozen ready meals, and monitors compliance through inspections and audits.

The ready meals segment in South America includes non-veg, frozen pizza and veg-meals. The veg-meal segment is anticipated to gain highest CAGR of the market in South America in the upcoming future. There is an increasing trend towards health consciousness among consumers in South America. Many individuals are opting for vegetarian or plant-based diets for various reasons, including health benefits, environmental concerns, and ethical considerations. Frozen-ready vegetable meals provide a convenient and accessible option for those looking to incorporate more plant-based meals into their diet. Frozen-ready vegetarian meals offer a convenient solution for busy individuals and families who may not have the time or culinary skills to prepare vegetarian meals from scratch. These meals are pre-prepared, pre-portioned, and can be quickly heated, providing a hassle-free option for those seeking nutritious vegetarian meals. Frozen food technology has advanced significantly, enabling frozen ready-to-eat vegetable meals to retain the quality, taste, and texture of the ingredients. Manufacturers have focused on improving the flavour and overall eating experience of frozen vegetarian meals, making them more appealing to consumers.



Considered in this report
• Geography: South America
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• South America Frozen Ready Meals market with its value and forecast along with its segments
• Country-wise Frozen Ready Meals market analysis
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries Covered in the report:
• Brazil
• Argentina
• Colombia

By Ready Meals:
• Non-Veg Meal
• Frozen Pizza
• Veg-Meal

By End User:
• Residential
• Commercial

By Sales Channel:
• Supermarket /modern retail/ hypermarket
• Independent Retailers / Departmental /convenience store
• On-line Shop

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Frozen Ready Meals industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.