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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 | Jun 2017

Heating up: Rising health consciousness boosts demand for chilled meals over frozen options

IBISWorld’s Prepared Meal Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Strong pressure from downstream markets to lower prices limited industry revenue growth
  • Advancements in food science and manufacturing have made prepared meals cheaper and more nutritious
  • Fierce competition from takeaways is expected to restrict industry expansion
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Industry Analysis & Industry Trends

The industry has expanded over the past five years through 2017-18. Although economic conditions improved over the period, households continued to control their spending. This resulted in consumers purchasing prepared meals over going to restaurants, and increased demand for industry products. The industry also has benefited from trends towards smaller households and falling unemployment, 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 Products Chapter

Chilled meals

The majority of ready meals produced in the United Kingdom are sold chilled, meaning that they are intended for storage in a refrigerator. In 2017-18, the chilled meals segment is expected to generate 47.2% of industry revenue. Previously, the segment mainly targeted the middle and high end of the ready-meal market, but improvements in technology have made them cheaper to produce and more affordable. Most supermarkets now offer economy versions of chilled ready meals. The segment has grown dramatically over the past five years because consumers perceive these meals as healthier than frozen options. Low levels of import penetration within this segment also contributed positively to growth.

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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... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from supermarkets
  • National unemployment rate
  • Health consciousness
  • Real household disposable income
  • Population
  • Current Performance
  • Chilled growth
  • Industry developments
  • Demographic changes
  • Imports and exports
  • The horsemeat scandal
  • Chart: Revenue Growth
  • Industry Outlook
  • Growth restrictions
  • Profit margins
  • International trade influences
  • Table: Prepared Meal Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prepared Meal Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Single adults
  • Single-parent households
  • Nuclear families
  • Cohabiting couples
  • Other
  • Chart: Major Market Segmentation for the Prepared Meal Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Prepared Meal Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prepared Meal Manufacturing Industry
  • Industry Globalization
    Major Companies
    Bakkavor Group Ltd
    Northern Foods Limited
    Birds Eye Limited
  • Table: Bakkavor Group Ltd - financial performance
  • Table: Northern Foods Limited - financial performance
  • Table: Birds Eye Limited - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Prepared Meal Manufacturing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 of 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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