Industry Analysis & Industry Trends
Demand for prepared meals has increased over the past five years, as busier lifestyles have reduced the time consumers have to cook themselves. Time-poor consumers, especially those living alone, have continued to favour convenient and competitively priced goods. Health consciousness and a growing preference for premium goods have also helped boost the appeal of industry products, increasing the popularity of low-fat prepared meals and high-value, pre-cooked and pre-marinated meat varieties.
Despite these favourable conditions, the Prepared Meals Production industry has performed poorly over the past five years. Industry revenue is expected to grow at a dismal compound annual rate of 0.1% over the five years through 2016-17, to $601.4 million... 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 $0.25 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 to reduce costs and boost profit margins... purchase to read more