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.


Industry Threats & Opportunities

  • A growing range of premium and speciality meals should help boost the industry’s margins

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    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 industry displays a moderate market share concentration. The four largest players in the industry will account for an estimated 54.6% of the market in 2016-17. 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. The...

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    Additional Insights for the Prepared Meals Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Prepared Meals Production Industry are

  • Ability to respond to changing consumer tastes
  • Access to ingredients
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Average weekly hours worked and Demand from supermarkets and grocery stores in the Prepared Meals Production industry impact industry performance..

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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 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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Average weekly hours worked
  • Demand from supermarkets and grocery stores
  • Real household discretionary income
  • Health consciousness

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Product innovation
  • Ongoing competition
  • Profit and participation changes
  • International trade
  • Table: Prepared Meals Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prepared Meals Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Cereal, Pasta and Baking Mix Manufacturing
  • Flour and Grain Mill Product Manufacturing
  • Fruit and Vegetable Processing
  • Meat Processing
  • Tea, Coffee and Other Food Manufacturing

  • Products & Services
  • Meat-based prepared meals
  • Pasta-based prepared meals
  • Specialty prepared meals
  • Other prepared meals
  • Chart: Prepared Meals Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest household income quintile
  • Fourth household income quintile
  • Third household income quintile
  • Second household income quintile
  • First household income quintile
  • Chart: Major Market Segmentation for the Prepared Meals Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Prepared Meals Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prepared Meals Production Industry

  • Industry Globalization
    Major Companies
    McCain Foods (Aust) Pty LtdSimplot Australia (Holdings) Pty LimitedJenny Craig Weight Loss Centres Pty Limited
  • Table: McCain Foods (Aust) Pty Ltd - financial performance
  • Table: Simplot Australia (Holdings) Pty Limited - financial performance
  • Table: Jenny Craig Weight Loss Centres Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Prepared Meals Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Prepared Meals Production Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Air Fryer
  • Type of fryer that uses hot air instead of oil to fry foods.
  • Prepared Meal
  • A complete meal prepared by manufacturers that the consumer is only required to reheat without adding any ingredients.
  • Private Label
  • Products manufactured by an external manufacturer but branded by another company.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Prepared Meals Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Prepared Meals Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Prepared Meals Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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