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Prepared Meal Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Prepared Meal Manufacturing Market Research Report | SIC C10.850 | May 2016

Hungry for growth: Revenue is set to expand moderately as demographic trends support demand

IBISWorld’s Prepared Meal Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Bakkavor Group Bakkavor Group market share
Birds Eye Limited Birds Eye Limited market share
Northern Foods Limited Northern Foods Limited market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
17,434
Businesses
102
Industry Analysis & Industry Trends

The industry is expected to grow over the five years through 2016-17. Although economic conditions improved during the past five years, households endured spending pressures during many years on account of weak income growth. This discouraged consumers from eating meals at restaurants, which boosted demand for prepared meals. The industry also has benefited from trends towards smaller households and rising weekly hours of work, which prompted consumers to opt for time-saving and convenient food products over fresh ingredients. Developments in food science have also been advantageous, as operators have been able to produce tastier and more nutritious meals at lower costs... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Prepared Meal Manufacturing industry is experiencing growth. Industry value added, a measure the industry's contribution to the economy, is expected to grow at a compound annual rate of 2% over the 10 years through 2021-22. Meanwhile, the UK economy is expected to grow at a compound annual rate of 2.3% over the same period. Although this indicates that the industry will grow at a marginally slower pace when compared with the overall economy, the industry has not yet entered the mature stage of its life cycle. Instead, this is primarily due to strong pricing pressure depressing growth in industry value added.

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Industry ProductsRelated ReportsTable of Contents

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 mealsSealed mealsFrozen meals
 
Industry Activities
Manufacturing frozen mealsManufacturing canned mealsManufacturing chilled meals


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