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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

IBISWorld’s Prepared Meals Production 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
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 Investment Chapter

The Prepared Meals Production is moderately capital-intensive. While there is significant focus on automation for larger industry players, the increasing popularity of high-value premium prepared meals has boosted the industry's dependency on labour to provide value added production. The average industry producer invests $0.32 in capital items for every dollar spent on wages. This level of capital intensity is prevalent throughout much of the food manufacturing and processing sector, given that industry operators aim to boost economies of scale by engaging in high levels of automation in order to reduce costs and boost profit margins... 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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