Heating up: Low unemployment has increased industry demand from time-poor consumers

Operators in the Prepared Meal Manufacturing industry produce meals of two or more ingredients that are preserved by being frozen, chilled or sealed in airtight containers. The industry has expanded over the past five years as falling employment levels have prompted time-poor consumers to opt for convenient food products. Developments in food science have also been advantageous, as operators have been able to produce tastier and more nutritious meals at lower costs. However, rising health consciousness has restricted demand for the industry’s products to some extent, although there was a surge in demand for chilled meals, which are often perceived to be healthier than frozen and canned alternatives...read more.

Industry Statistics & Market Size
Revenue
£3.7bn
Annual Growth 14-19
4.2%
Forecast Growth 19-24
Profit
Employment
19,619
Businesses
167

Industry Threats & Opportunities

  • Despite revenue growth, pricing pressures have restricted profit over the past five years
  • Premium ready-meal products have become an increasingly popular alternative to eating out
  • Trade barriers could limit exports, but could also allow operators to satisfy more domestic demand
  • Industry Report - Industry Investment Chapter

    The level of capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate substantial investment in depreciable assets, resulting in high capital intensity. Conversely, comparatively high wage costs indicate high labour intensity.The Prepared Meal Manufacturing industry has a medium level of capital intensity. For every £1.00 spent on capital, approximately £4.81 is spent on wages. The industry requires labour for various activities, including production, research and development, marketing and sales. However, technological advances have allowed some tasks to be automated...purchase to read more.

    Additional Insights for the Prepared Meal Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Prepared Meal Manufacturing Industry are

  • Ability to pass on cost increases
  • Automation - reduces costs, particularly those associated with labour
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and National unemployment rate in the Prepared Meal Manufacturing industry impact industry performance..

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    What's in this report

    What is the Prepared Meal Manufacturing Industry?

    Operators in the industry manufacture meals that are preserved by being frozen, chilled or stored in airtight containers such as in cans and jars. The industry excludes foods with fewer than two distinct ingredients (not including seasoning and additives) and perishable prepared meals like salads, sandwiches and fresh pizza.

    Industry Products
  • Chilled meals
  • Sealed meals
  • Frozen meals
  • Industry Activities
  • Manufacturing frozen meals
  • Manufacturing canned meals
  • Manufacturing chilled meals
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from supermarkets
  • National unemployment rate
  • Health consciousness
  • Real household disposable income
  • Population

  • Current Performance
  • Chilled meals catch on
  • Growth in innovation
  • Demographic changes
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Trade disruptions
  • Increasing offerings
  • Popular alternatives
  • Table: Prepared Meal Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prepared Meal Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Supermarkets

  • Key Selling Industries
  • Fruit & Vegetable Processing
  • Meat Processing
  • Plastic Packing Goods Manufacturing
  • Poultry Meat Processing
  • Seafood Processing

  • Products & Services
  • Chilled meals
  • Sealed meals
  • Frozen meals
  • Chart: Prepared Meal Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets
  • Wholesalers
  • Food-service industries
  • Other
  • Chart: Major Market Segmentation for the Prepared Meal Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Prepared Meal Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prepared Meal Manufacturing Industry

  • Industry Globalization
    Bakkavor Group plc, Birds Eye Limited, Northern Foods Limited,
  • Table: Bakkavor Group plc - financial performance
  • Table: Birds Eye Limited - financial performance
  • Table: Northern Foods Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Prepared Meal Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Prepared Meal Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chilled Prepared Meal
  • These are cooked prepared meals found in retail-store refrigerators. These products usually have a limited shelf life.
  • Own-Label
  • These products are marketed under the name of a retailer rather than the manufacturer's brand.
  • Sealed Meal
  • These prepared meals are preserved by an airtight seal, usually in the form of a can, so they do not need to be kept at low temperatures to prevent spoilage.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Prepared Meal Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Prepared Meal Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Prepared Meal Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Prepared Meal Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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