FDBusiness.com

Ready meals sales on the up across Europe

 Breaking News
  • Autumn Chill Puts Sunday Lunch Back on the Menu For UK Shoppers UK shoppers have returned to seasonal favourites as supermarket spending cools off, according to the latest figures from Kantar Worldpanel, for the 12 weeks to 7 October 2018. Overall sales grew 3.2% compared to the same 12 weeks last year. Though this is a slight slowdown from the highs reached during 2018’s hot summer, sales [...]...
  • Müller Milk & Ingredients Completes Integration and Appoints CFO Brian Watson has been appointed as Chief Finance Officer at Müller Milk & Ingredients (MMI). He joins the business from Marmon, a $7.7 billion Berkshire Hathaway company operating in the supermarket and food service sector. The appointment comes as MMI confirms completion of the biggest integration the UK dairy industry has ever seen – merging [...]...
  • Emmi Leads by Example As a manufacturer of speciality cheeses, Swiss dairy group Emmi is now setting an example for environmental protection by investing in a high-performance photovoltaic system at its Platteville site in the state of Wisconsin in the US. With 1,600 panels installed on the roof, the system can cover 15% of the company’s electricity requirement. The [...]...
  • Kerry Group Commits €1 Million to Bring RAIN Programme to West Africa Kerry Group has extended its partnership with Concern Worldwide through a 4-year project to improve food security and nutrition in Niger. The Realigning Agriculture to Improve Nutrition (RAIN) programme will make lasting improvements to food security, nutrition and the overall livelihoods in the Tahoua Region of Niger. This second phase of the RAIN programme will [...]...
  • Greencore to Divest US Business in $1 Billion Deal Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave [...]...

Ready meals sales on the up across Europe

July 07
13:04 2013

Ready meals have continued to sell well in France despite the weak economy – and growth is expected to continue for the next five years, according to market research firm Canadean.

In a new report, Canadean claims that consumers increasingly value convenience and practicality as they see eating as a task to fit into their hectic lives. Therefore, the prepared meals sector has remained one of the top-selling food categories in France, in terms of both value and volume, and the market researcher expects it to grow by 3.6% a year in value terms and 3.3% a year in volume terms up to 2017.

Ready meals represented the largest share of the category last year (77%), and this trend is also set to continue. Pizza is the second most popular choice in the prepared meals sector, with a 21% share by value, while the meal kits category – in which consumers follow instructions that combine fresh, prepared and packaged ingredients – is the smallest. Even with expected growth, “the share and volume for the meal kits category continues to be minimal”, Canadean said.

Meal kits more promising in Germany

In Germany, the popularity of meal kits is much greater, and the category is growing at a faster rate than either ready meals or pizza – the top two prepared meals categories.

Ready meals in Germany account for 62% of the prepared meals sector by value and 64% by volume – but their growth is expected to lag behind that of meal kits over the next few years as awareness of the meal kit concept continues to grow. That said, meal kits still only represented 1.6% of the prepared meals category by value and 1.4% by value in Germany in 2012.

Pizza in Germany holds 36% share of the prepared meals sector by value, and a 34.4% share by volume. However, it is expected to have the slowest growth over the next five years, according to Canadean.

An alternative to eating out

In Spain, where the economy has been particularly hard hit, the market researcher still expects to see “marginal growth” in the prepared meals sector.

“Spanish consumers are now turning to prepared meals, recording the third-fastest growth rate among food sectors between 2012 and 2017,”  Canadean said. “They offer consumers an affordable alternative to eating out.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 18, 2018Future Food-Tech London - Marketing Partnership
  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements