Prepared Meal Manufacturing in the UK - Industry Market Research Report

Hunger for growth: Inflationary pressures are hindering revenue growth in 2023-24

Prepared meal manufacturing revenue has contracted over the past five years. Unemployment levels have dropped which has prompted time-poor consumers to seek convenient food products. However, despite developments in food science that have allowed manufacturers to produce tastier and more nutritious meals at lower costs, rising health consciousness has diluted demand for prepared meal products to an extent. Over the five years through 2023-24, industry revenue is expected to drop at a compound annual rate of 0.6% to reach £4.2 billion.

Operators in the industry manufacture meals that are preserved by being frozen, chilled or stored in airtight containers such as in cans and jars. The industry excludes foods with fewer than two distinct ingredients (not including seasoning and additives) and perishable prepared meals like salads, sandwiches and fresh pizza.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.