The Prepared Meals Production industry has grown over the past five years, supported by several favourable consumer trends. Convenient and competitively priced goods have continued to be favoured by time-poor consumers, especially those living alone. Health consciousness and premiumisation have also helped boost the industry's appeal, with the increasing popularity of low-fat prepared meals and high-value, pre-cooked and pre-marinated meat varieties. As a result, over the five years through 2015-16, industry revenue is forecast to increase at an annualised 3.6%.
Firms in this industry 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.