Market Insights Consumer Food Convenience Food

Ready-to-Eat Meals - Armenia

Armenia

Revenue in the Ready-to-Eat Meals market amounts to €297.00m in 2024. The market is expected to grow annually by 8.88% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€137bn in 2024).
In relation to total population figures, per person revenues of €106.90 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 78.67m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 6.9% in 2025.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 22.3kg in 2024.

Key regions: Russia, United States, United Kingdom, Canada, India

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Analyst Opinion

The Ready-to-Eat Meals Market in Armenia is experiencing subdued growth, influenced by factors such as changing consumer preferences towards convenience foods and increasing competition from other food categories. Despite this, the Convenience Food Market in Armenia continues to grow, driven by the convenience and time-saving benefits offered by ready-to-eat meals.

Customer preferences: As convenience and time-saving continue to be key priorities for consumers, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is seeing a rise in demand for healthy, pre-packaged options. This trend is especially prevalent among working professionals and busy families who are looking for convenient and nutritious meal solutions. As a result, there is a growing demand for ready-to-eat meals that cater to specific dietary requirements, such as gluten-free, vegan, and organic options. This shift is reflective of the increasing focus on health and wellness, and the growing awareness of the importance of a balanced diet in maintaining overall well-being.

Trends in the market: In Armenia, the Ready-to-Eat Meals Market within the Convenience Food Market is experiencing a rise in demand due to busy lifestyles and increasing urbanization. This trend is expected to continue, with consumers seeking convenient and time-saving meal options. As a result, there is a growing presence of international brands in the market, offering a wide range of ready-to-eat meals. This trend is significant for industry stakeholders as it presents opportunities for market growth and expansion. Additionally, with the increasing focus on health and wellness, there is a potential for the development of healthier and more nutritious ready-to-eat meal options in the future.

Local special circumstances: In Armenia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's geographical location, as it is situated between Europe and Asia. This has resulted in a unique fusion of cultures, leading to a diverse range of flavors and ingredients used in the local cuisine. Additionally, the government's strict regulations on food safety and quality have played a crucial role in shaping the market, with a focus on high standards and strict labeling requirements.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Armenia is greatly impacted by macroeconomic factors including the country's economic stability, government policies, and global economic trends. The growth of this market is heavily influenced by the overall health of the economy and consumer spending power. Additionally, government initiatives to promote convenience food consumption and investment in food infrastructure also play a significant role in market performance. Moreover, changing consumer preferences and lifestyles, along with increasing disposable income, are driving the demand for ready-to-eat meals in Armenia.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.