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Frozen meals comprise a large portfolio, including beef meals, chicken meals, frozen pizza, and various types of frozen vegetarian meals, thereby providing consumers with a large variety of options to choose from. Frozen ready meals are a convenient alternative to cooking and are increasingly being preferred by the working population worldwide. Frozen meals are perceived to be free from microbial attacks and therefore considered to be healthier compared to other ready meals. The analysts forecast the global frozen ready meals market to grow at a CAGR of 2.93% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global frozen ready meals market for the period 2016-2020.To calculate the market size, the report considers the revenue generated through the retail sales of frozen ready meals in different regions.
The market is divided into the following segments based on geography:
- Americas - APAC - Europe - MEA
The report, Global Frozen Ready Meals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- 2 Sisters Food Group - Ajinomoto - Amy’s Kitchen - Europastry - Findus Group - Frosta - General Mills - Greencore Group - Iceland Foods - LDC Sable - Iglo Group - JBS - Kellogg - Kerry - Maple Leaf Foods - McCain - Nichirei Foods - Pinnacle Foods - Sanquan Food - The Schwan Food
- Demand for packaged and convenience food
- Ensuring quality and consistency
- Rise in number of single-person households
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
Food Industry “Social Media At Work” Survey 2016 Launches
Leading food industry law firm, Roythornes, and specialist food marketing agency, Pelican Communications, have launched their Social Media at Work Survey 2016.
The survey, now in its sixth year, asks key industry leaders about the policies and practices they adopt in relation to social media use in the workplace.
Last year’s survey revealed that, despite around 80% of businesses having some form of online presence, a staggering 26% have no policy in place on how social media should be used, leaving them wide open to reputation management issues.
The survey also revealed more companies were allowing staff to bring their own devices to work for professional purposes, and that the number of firms introducing controls over what employees can do on social media channels while in the workplace was increasing.
Maz Dannourah, associate at Roythornes who specialises in social media and employment law, said: “During the last six years we have seen a steady increase in the number of businesses monitoring their online presence. However, social media is constantly developing and organisations need to ensure they are protecting themselves and their employees with quality policies and procedures.
“The cost of repairing reputational damage following an incident can often far outweigh that of ensuring preventative measures and appropriate protections are in place.”
Michael Bennett, managing director of Pelican Communications, said: “Food is an integral part of people’s daily social media activity and companies are using it more and more proactively to promote their brands.
“Every year this survey yields fascinating results that serve as an interesting point of discussion for industry leaders and help to chart the progress of this increasingly vital area of so many businesses.”
The latest grocery share figures from Kantar Worldpanel for the 12 weeks ending 14 August 2016, show the market growing at 0.3% as an upturn in the weather spurred consumers into increasing their spend.
This is the fastest acceleration for the overall market since March 2016.
Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “The sun’s eventual appearance was a welcome boost to the market after a delayed start to the summer. Frozen confectionery sales grew by 23% in the last month, while chilled drinks increased by 10%. At Iceland ice cream was the fastest growing category, helping it to an overall 4.3% increase in sales on last year. Meanwhile, price cuts such as the ‘7 Day Deals’ and summer loyalty promotions helped bring an additional 129,000 shoppers through Iceland’s doors.”
Promotional sales dropped to their lowest level since September 2010 as the major retailers continue to move towards more simple pricing models.
Fraser McKevitt comments: “Only 37.7% of grocery sales were bought on any kind of promotion this period – a significant decrease from highs of over 40% we were seeing in 2015. Fewer promotions doesn’t mean consumers are paying more for their shopping but does reflect the renewed focus on own-label lines which is visible across the market. Shoppers are clearly responding to the better value offered through own label rather than money off, with own brand goods growing at both ends of the price spectrum: premium retailer brands are up by 9% and value lines up by 2%.”
There remains no evidence of Brexit-fuelled inflation causing food prices to rise. In fact, grocery price inflation remains negative, with a representative basket of goods 1.3% cheaper than it was last year.
Once again Lidl is the fastest growing supermarket, with sales up 12.2%. The retailer witnessed strongest growth in its key produce, dairy and chilled aisles, increasing its share by 0.4 percentage points on last year to 4.5% of the market. Sales at Aldi rose by 10.4%, with share up by 0.6 percentage points to 6.2%. Both discounters benefitted from rising premium own label sales and forward planning by having their back to school ranges in store just as schools were breaking up.
Tesco’s sales fell by 0.4%, the slowest rate of decline in six months. Fraser McKevitt comments: “Current trends suggest the retailer may return to growth this year, which would mark the end of a decline stretching back to March 2015. Tesco’s recent product launches have been making a positive impact on its performance, with its ‘Farm brands’ finding their way into over a quarter of the Tesco baskets this period.”
Sales at Co-op rose by 2.8% compared to last year, taking its market share to 6.6% – the highest achieved since 2012. Shoppers have heeded Co-op’s call to shop little and often with this growth primarily coming from an increased number of trips to the retailer.
Sales declined at Sainsbury’s by 0.6% and at Morrisons they fell by 1.8%, leaving the retailers with a 16.1% and 10.6% share of the market respectively. Asda’s decline of 5.5% remains unchanged from last month, with share falling by 0.9 percentage points to 15.7%. Waitrose sales rose by 1.4% with market share remaining at 5.1%.