Prepared Meals Production in Australia - Market Research Report

Prepared Meals Production industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.7%

Consumers' increasingly busy lifestyles have reduced the available cooking time for many individuals. Time-poor consumers, especially those living alone, have continued to favour convenient and competitively priced goods. This trend has driven growth in the Prepared Meals Production industry over the past five years. However, the strong growth of food delivery services in Australia has created robust competition for products that promote convenience as a core benefit. Additionally, growing demand for fresh, quality foods has limited demand growth for frozen prepared meals over the period. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2019-20, to $971.5 million. This growth rate includes an anticipated inc...
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Prepared Meals Production industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Prepared Meals Production industry is forecast to continue to report modest revenue growth over the next five years. Operators are anticipated to diversify their product ranges and manufacture premium products in response to continued changes in consumer preferences and rising health consciousness. Firms are also likely to more broadly target new markets, such as food services and hospitals. However, strong competition from supermarket private label brands, food service firms and meal kit companies is projected to limit demand growth. Consumers are anticipated to increasingly seek fresh ingredients and quality meals over industry goods, despite efforts by operators to shake perceptions of inferior quality. Industry revenue is forecast to increase...
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Prepared Meals Production industry statistics

  • attach_money Market Size: $962m
  • business Number of Businesses: 196
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,119

Biggest companies in the Prepared Meals Production industry

The companies holding the largest market share in the Prepared Meals Production in Australia industry include McCain Foods (Aust) Pty Ltd, G.D. Mitchell Enterprises Pty Ltd, Heat to Eat Holdings Pty Ltd and Simplot Australia (Holdings) Pty Limited.

  • pie_chart McCain Foods (Aust) Pty Ltd Market Share: x.x%
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  • pie_chart G.D. Mitchell Enterprises Pty Ltd Market Share: x.x%
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  • pie_chart Heat to Eat Holdings Pty Ltd Market Share: x.x%
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  • pie_chart Simplot Australia (Holdings) Pty Limited Market Share: x.x%
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What is Prepared Meals Production industry?

Industry Definition

Industry firms primarily manufacture prepared meals, which usually require only heating for consumption. Firms cook purchased ingredients, package the final product and sell it to grocery wholesalers, supermarkets and other food outlets.

Industry Products and Services

  • Pasta-based prepared meals
  • Meat-based prepared meals
  • Specialty prepared meals
  • Other prepared meals
  • All Others

Industry Activities

  • Prepared meal production
  • Contract prepared meal production
  • Specialty meal production

Market research report - table of contents

Industry Definition

Industry firms primarily manufacture prepared meals, which usually require only heating for consumption. Firms cook purchased ingredients, package the final product and sell it to grocery wholesalers, supermarkets and other food outlets.

Main Activities

  • Prepared meal production
  • Contract prepared meal production
  • Specialty meal production

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Supermarkets and grocery stores are the direct market for the overwhelming majority of prepared meals. Therefore, demand from supermarkets and grocery sto...
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Demand from supermarkets and grocery stores
Real household discretionary income
Health consciousness
Average weekly hours worked

Current Performance

Supermarket dominance
Profit and participation
 Chart: Revenue Growth

Industry Outlook

Ongoing competition
Profit and participation changes
International trade
 Table: Prepared Meals Production in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Prepared Meals Production in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers






Key Selling Industries

Meat Processing in Australia
Fruit and Vegetable Processing in Australia
Flour and Grain Mill Product Manufacturing in Australia
Cereal, Pasta and Baking Mix Manufacturing in Australia
Tea, Coffee and Other Food Manufacturing in Australia


Products & Services

The industry's products are segmented according to meal ingredients. There has been a shift in consumer preferences towards international cuisines over th...
Second household income quintile
Third household income quintile
Fourth household income quintile
First household income quintile


Demand Determinants

Discretionary income is a major demand determinant for the industry, as it dictates the amount consumers have to spend on non-essential items. Typically, ...
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Major Markets

Second household income quintile
Third household income quintile
Fourth household income quintile
First household income quintile



 Chart: Major Market Segmentation for the Prepared Meals Production in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Prepared Meals Production industry is characterised by high market share concentration, with the four largest operators estimated to account for over ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Prepared Meals Production in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Prepared Meals Production in Australia - Market Research Report Industry

Industry Globalization

McCain Foods (Aust) Pty Ltd is the local subsidiary of Canada-based McCain Foods Limited. McCain Foods (Aust) was first incorporated in New South Wales in...
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McCain Foods

 Table: McCain Foods - financial performance

Lite N' Easy

 Table: Lite N' Easy - financial performance

Vesco Foods

 Table: Vesco Foods - financial performance

Simplot Australia

 Table: Simplot Australia - financial performance

Capital Intensity

The Prepared Meals Production industry is moderately capital-intensive. While there is significant focus on automation for larger industry players, the in...
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 Chart: Level of Capital Intensity for the Prepared Meals Production in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Prepared Meals Production in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

MEAL KIT

PREPARED MEAL

PRIVATE LABEL

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Prepared Meals Production industry?

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This report on Prepared Meals Production in Australia:

  • 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 in Australia 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

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