FDBusiness.com

Premium Products Drive £2.3 Billion UK Ready Meals Market

 Breaking News
  • FrieslandCampina Strengthens US Presence Royal FrieslandCampina, the global dairy group, has acquired US-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the US market. Jana Foods will be integrated in the FrieslandCampina Consumer Dairy USA business. “This acquisition supports our strategy of investing for growth. This investment is in line [...]...
  • Greencore Well Placed to Drive Future Growth in Core UK Market Greencore Group, a leading manufacturer of convenience food in the UK, has reported a 4.2% increase in revenue from continuing operations to £1.499 billion for the year ending 28 September 2018. Adjusted operating profit rose by 3.6% to £110.6 million, with improved profits in food to go categories being partly offset by a decline in [...]...
  • Strategic Partnership Sets New Industry Standard For Sourcing Cocoa Dutch impact organization Tony’s Chocolonely, retailer Albert Heijn and chocolate manufacturer Barry Callebaut have forged a strategic partnership to end child labour and modern slavery in the chocolate industry. Together the companies are setting a new industry standard that increases pressure on the wider chocolate industry to drive structural change to work towards a more [...]...
  • Global Premium Water Growing 8% a Year Global sales of premium bottled water reached US$16.5 billion at consumer prices in 2017, 48% more than five years ago, according to a new report from Zenith Global, the global food and drink experts. Consumption volume also rose strongly by 26% over the five years to 11.2 billion litres. “This 8.1% annual value growth, compared with [...]...
  • Exports Boost Europe’s Beer Production to Eight-year High Europe’s beer production rose to an eight-year high in 2017 bolstered by record exports, a rise in micro-breweries and increased low-alcohol products. According to The Brewers of Europe’s latest report on Europe’s beer sector, production increased by 2 million HL 39.6 billion litres, exports reached an all-time high, with one in five beers shipped abroad and [...]...

Premium Products Drive £2.3 Billion UK Ready Meals Market

Premium Products Drive £2.3 Billion UK Ready Meals Market
November 13
09:56 2013

Sales of ready meals by the major supermarkets topped £2.3 billion in the UK over the last year, according to market analyst IRI. Its research reveals that although the total ready meal market (frozen and chilled packs) is in decline, it is the traditional British premium ready meal dishes that are seeing the highest levels of growth – 7% unit and 8% value growth in the last year.

Nearly two-thirds of chilled ready meal sales are at the premium end – 92 million packs were sold in the last year, generating £293 million in revenue – as consumers renew their focus on quality and good value instead of looking at just the cheapest price.

“We’re becoming a nation of foodies absorbed in cookery programmes such as Jamie Oliver’s 30 Minute Meals and The Great British Bake Off but our ability to cook has fallen off a cliff,” says Richard Moule, director of analytics and shopper knowledge at IRI.

The stand out trend of the recession has been the shift in consumer spending to cope with a reduced disposable income. Nowhere is this better illustrated than with the trading down from eating out to dining in. So whilst the credit crunch kicked in, Premium Ready Meals surprised many by booming.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements