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Prepared Meals Production in Australia: Market Research Report

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

Prepared Meals Production Market Research Report | Consumer Goods & Services | Food Production | Jul 2015

Healthy eating: Industry growth is driven by niche options catering to health-conscious consumers

The Prepared Meals Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Jenny Craig Jenny Craig market share
McCain Foods McCain Foods market share
Simplot Australia Simplot Australia market share
Industry Statistics & Market Size
Revenue
$900m
Annual Growth 11-16
3.6%
Annual Growth 16-21
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Profit
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Employment
1,756
Businesses
99
Industry Analysis & Industry Trends

The Prepared Meals Production industry has grown over the past five years, supported by several favourable consumer trends. Convenient and competitively priced goods have continued to be favoured by time-poor consumers, especially those living alone. Health consciousness and premiumisation have also helped boost the industry's appeal, with the increasing popularity of low-fat prepared meals and high-value, pre-cooked and pre-marinated meat varieties. As a result, over the five years through 2015-16, industry revenue is forecast to increase at an annualised 3.6%. Despite these favourable conditions, the industry continues to face tough competition from substitute products such as takeaway foods and fast-food restaurants... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry displays a moderate level of market share concentration. The four largest players in the industry control less an estimated 42.1% of the market. This is due to the wide variety of products available and range of customers. The majority of players are smaller, individual companies. These companies do not have the scale of production to compete with major players, such as McCain Foods, and tend to specialise in niche prepared meal production such as organic and gluten-free meals, which have grown in significance over the past five years.

Concentration has decreased over the period, as the major players have lost market share to smaller companies, particularly those producing private-label goods for the major supermarkets... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Prepared Meals Production Industry?

Firms in this industry primarily manufacture prepared meals, which usually require only heating for service. Firms cook purchased ingredients, package the final product and sell it to grocery wholesalers, supermarkets and other food outlets.

Industry Products
Pasta-based prepared mealsMeat-based prepared mealsSpecialty prepared mealsOther prepared meals
 
Industry Activities
Prepared meal productionContract prepared meal productionSpecialty meal production


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