Overview

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

IBISWorld’s Prepared Meals Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

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...

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What is the Prepared Meals Production industry?

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. How...

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Products & Brands

Major products in this industry
Pasta-based prepared meals
Meat-based prepared meals
Specialty prepared meals
Other prepared meals
Examples of brands in this Industry
Jenny Craig
McCain
McCain Healthy Choice
McCain Healthy Choice Plus
McCain Hearty Meals
Lean Cuisine

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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