Bond Breaker Market is anticipated to Witness High Growth Owing to Rising Working Population

 

Bond Breaker Market
Bond Breaker Market

The bond breaker market comprises ready-to-eat meals and snacks that offer convenience to time-pressed consumers. Bond breakers are frozen or chilled meals that can be heated and consumed quickly, saving time spent on elaborate cooking. They are perfect options for working professionals, students living away from home or anyone seeking easy meal solutions. The bond breakers market has seen considerable growth in recent years due to hectic schedules and dual-income households leaving little time for homemade meals. Working mothers especially have benefited from quick bonding breaking options.

The global bond breaker market is estimated to be valued at US$ 1.49 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the bond breaker market are Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills, McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc.,Orkla ASA, ConAgra Foods Inc., ITC Limited. Nomad Foods Ltd. and McCain Foods in particular have led market share due to their extensive product portfolio and global distribution networks. With rising health consciousness, key opportunities lie in bond breakers featuring simple, natural ingredients without artificial preservatives or colors. Several companies are expanding their plant-based and gluten-free options. Globally, Asia Pacific and Middle East regions are expected to see fastest Bond Breaker Market Demand penetration as dual-income households become more common.

Market Drivers

Busy lifestyles - Large segment of working professionals and students have very little time left for cooking meals. Bond breakers offer instant nutrition to suit fast-paced routines.

Changing consumer needs - Younger generations especially desire convenience foods that are quick to prepare without compromising on quality. Bond breakers address this need superbly.

Rising disposable incomes - Ability to spend more on prepared, ready-to-eat options. Bond breakers spanning all price points allow people to choose as per their budgets.

Market Restrain

High sugar and calorie contents - Some bond breakers are loaded with added sugars, fats and preservatives to enhance palatability. This poses health risks like obesity if consumed frequently.

Lack of freshness - As bond breakers go through processing and spend time on shelves, they lack the freshness of homemade meals. This can act as a deterrent for health-conscious people.

Segment Analysis

The global bond breaker market is dominated by the frozen prepared meals sub-segment and it accounts for nearly 35-40% share of the overall market. The popularity and demand for frozen prepared meals has been increasing globally as it offers convenience to the consumers by reducing cooking and preparation time. The hectic lifestyle has prompted consumers to opt for easy to cook frozen meals. Manufacturers offer a wide variety of frozen prepared meals including pizza, pasta, burritos, entrees etc. which further drives the growth of this sub-segment.

Global Analysis

Regionally, North America represents the largest and fastest growing regional market for bond breaker. The growth in North America can be attributed to increasing demand for convenience and prepared foods. Changing lifestyle and busy schedules has prompted consumers to rely more on ready-to-eat foods. In addition, presence of major food product manufacturers in U.S and Canada along with introduction of innovative products continuously by these players has been supporting the market growth. Asia Pacific is emerging as another high growth regional market and is expected to witness fastest growth during forecast period owing to rising disposable incomes, growing demand for western food culture and increasing women workforce.

Gets More Insights on, Bond Breaker Market


About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

 

Comments

Post a Comment

Popular posts from this blog

Lactate Meters Market is Anticipated to Witness High Growth Owing to Rising Incidences of Sports Injuries

Image
  Lactate Meters Market The lactate meters market has been gaining increasing prominence over the recent past owing to the rising incidences of sports injuries and training programs involving monitoring of lactate levels. Lactate meters help in measuring the amount of lactic acid present in the bloodstream which accumulates during intense physical activity. They play a pivotal role in sports medicine for athletes, coaches and health professionals to determine the level of exertion, evaluate fitness, track progress during training, monitor recovery and help prevent overtraining. They provide critical insights to plan personalized training programs and exercise regimes for athletes belonging to different sports such as soccer, rugby, swimming etc. The increasing focus on fitness among individuals has also augmented the demand for home-use lactate meters. The Global lactate meters market is estimated to be valued at US$ 296.8 Mn in 2024 and is expected to exhibit a CAGR of 8.8% over...
Read more

Blood Glucose Test Strip Market is Poised to Witness High Growth Due to Increasing Diabetes Prevalence

Image
Blood Glucose Test Strip Market Blood glucose test strips are thin, plastic strips that are used in handheld devices called glucometers to measure the concentration of glucose in the blood. Glucose levels are usually measured to monitor diabetes or check for hypoglycemia. Blood glucose test strips enable diabetics to effectively manage their blood glucose levels and determine insulin requirements. The increasing prevalence of diabetes across the globe is a major factor fueling the demand for blood glucose test strips. The Global Blood Glucose Test Strip Market is estimated to be valued at US$ 12.33 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 To 2031. Diabetes is a metabolic disorder in which the body is unable to produce enough insulin or properly use the insulin it produces, resulting in elevated levels of glucose in the blood. According to the International Diabetes Federation (IDF), around 537 million adults aged 20–79 years suffered from...
Read more

Next Generation Sequencing Market to Soar with Rising Personalized Medicine Demand

Image
  Next Generation Sequencing Market Next generation sequencing (NGS), also referred to as high throughput sequencing, refers to the new sequencing technologies including sequencing-by-synthesis, real-time sequencing, and sequencing-by-ligation. This technology allows DNA and RNA to be sequenced massively in parallel. NGS technology has revolutionized genomics research and enabled the sequencing of complete genomes more quickly and cost-effectively in comparison to traditional Sanger sequencing. NGS finds wide applications in various fields including oncology, reproductive health, pharmacogenetics, metabolic disorders diagnosis testing, agriculture, and microbiology research. The global next generation sequencing market is estimated to be valued at US$ 678.13 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the next generation sequencing market are Canopy Growth Corporation, Aurora Cannabis, Til...
Read more