Industry Statistics and Rankings
How does this industry perform in United Kingdom compared to Europe?
Country Benchmarking
Industry Data United Kingdom
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#2 In EuropeBusiness
#8 In EuropeEmployees
#1 In EuropeWages
#1 In EuropeEurope's prepared meal manufacturing industry is witnessing significant evolution, driven primarily by shifts in consumer preferences towards healthier, more convenient and sustainable food options. As lives get busier, many Europeans are gravitating towards ready-to-eat meals to save time, without compromising taste or nutritional value. The surge in vegetarian and vegan diets has prompted manufacturers to incorporate more plant-based options to cater to this growing demographic. This changing landscape underscores the industry’s responsiveness to consumer demands, showcasing a blend of innovation and adaptation in meeting the diverse needs of European consumers.
Enterprises
Number of businesses in 2024
Biggest companies in the Prepared Meal Production in the UK
| Company | Market Share (%)
2024 | Revenue (£m)
2024 | Profit (£m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Nomad Foods Europe Ltd | 3,140.0 | 463.0 | 14.7 | |
Dr. August Oetker Nahrungsmittel KG | 7,338.1 | 632.2 | 8.6 | |
Mars Inc | 43,478.0 | 5,967.0 | 13.7 |
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Top Questions Answered in this Report
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What is the market size of the Prepared Meal Production in the UK industry in United Kingdom in 2024?
The market size of the Prepared Meal Production in the UK industry in United Kingdom is £4.9bn in 2024.
How many businesses are there in the Prepared Meal Production in the UK industry in 2024?
There are 304 businesses in the Prepared Meal Production in the UK industry in United Kingdom, which has grown at a CAGR of 3.9 % between 2019 and 2024.
Has the Prepared Meal Production in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Prepared Meal Production in the UK industry in United Kingdom has been declining at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Prepared Meal Production in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Prepared Meal Production in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Prepared Meal Production in the UK market in United Kingdom?
The biggest companies operating in the Prepared Meal Production market in United Kingdom are Nomad Foods Europe Ltd, Dr. August Oetker Nahrungsmittel KG and Mars Inc
What does the Prepared Meal Production in the UK in United Kingdom include?
Prepared meat meals and Prepared fish meals are part of the Prepared Meal Production in the UK industry.
Which companies have the highest market share in the Prepared Meal Production in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Nomad Foods Europe Ltd.
How competitive is the Prepared Meal Production in the UK industry in United Kingdom?
The level of competition is moderate and decreasing in the Prepared Meal Production in the UK industry in United Kingdom.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
International industries
Table of Contents
About this industry
Industry definition
Operators in this industry manufacture ready-made meals and dishes that are already seasoned and cooked. Prepared dishes must contain at least two ingredients in addition to seasonings. These meals are preserved, such as in frozen or canned form.
Related Terms
GLUTEN-FREEOWN-LABELCONVENIENCE PRODUCTWhat's included in this industry?
Prepared meat mealsPrepared fish mealsPrepared vegetarian and vegan mealsPrepared pasta dishesOther prepared dishesCompanies
Nomad Foods Europe LtdDr. August Oetker Nahrungsmittel KGMars IncIndustry Code
1075 - Manufacture of prepared meals and dishes in United Kingdom
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Prepared Meal Production in the UK industry?
Outlook
Analysis
What's driving the Prepared Meal Production in the UK industry outlook?
Volatility
Analysis
What influences volatility in the Prepared Meal Production in the UK industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Prepared Meal Production in the UK industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Demand for meat dishes declines as flexitarian diets gain popularity. More and more European consumers are reducing their meat consumption and switching towards more vegetarian and vegan meal choices.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Prepared Meal Production in the UK industry's products and services performing?
Analysis
What are innovations in the Prepared Meal Production in the UK industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Prepared Meal Production in the UK industry?
International Trade
Highlights
- Total Imports into United Kingdom
- Total Exports into United Kingdom
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Success in Europe’s meal prep industry is driven by innovation. Companies that consistently offer fresh, unique, and convenient meal options attract more customers, thereby increasing their market share.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Prepared Meal Production in the UK located?
Companies
Data Tables
Top 5 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Strict regulations govern the food market in Europe. Such policies ensure food safety, control nutritional content and maintain high quality standards across the sector.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Prepared Meal Production in the UK industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
The prepared meal sector faces tough profitability challenges. Rising food costs and fierce competition from newcomers have squeezed margins, forcing established companies to innovate without significantly raising prices to keep consumers interested.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Prepared Meal Production in the UK industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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