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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 2016

Making a meal of it: Competition from private labels has constrained industry revenue growth

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
$601m
Annual Growth 12-17
0.1%
Annual Growth 17-22
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Profit
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Employment
1,428
Businesses
108
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Prepared Meals Production Industry?

Industry firms 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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