Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape
Product Code: ETC003327 | Publication Date: Jul 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Kingdom (UK) Ready To Eat Food market currently, in 2023, has witnessed an HHI of 1150, Which has decreased slightly as compared to the HHI of 2621 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
United Kingdom Ready to Eat Food market is anticipated to witness growth during the projected period 2020-26F owing to the increasing preference of the Europeans towards ready to eat food on the back of increased shelf life they possess coupled with rising preferences towards premium packing and hygiene concerns amongst the Europeans. The spread of COVID-19 is contributing towards significant growth of ready to eat food as owing to rising hygiene and safety concerns, people are stockpiling shelf-based food which is leading to a spur in the sales volume of canned fish and even fruits. However, shortage of labor force due to complete lockdown and concerns to hinder the spread of the disease, the UK ready to eat food market is expected to witness slow production which is expected to act as a restraint for the growth of the UK ready to eat food market during the COVID period.
According to 6Wresearch, United Kingdom Ready To Eat Food Market is anticipated to witness growth during the forecast period 2020-26F. The UK ready to eat food market is the largest market in overall Europe ready to eat food market and is anticipated to register the highest growth in the upcoming six years owing to increasing demand for natural low-sugar products coupled with an increase in the import of exotic and tropical products and would proliferate sound demand projections for ready to eat food items in the country in the coming years.
On the basis of products, meat products, and breakfast/cereals are expected to dominate the overall revenues in the overall UK ready to eat food market owing to rising consumer preference for the indulgence of healthy alternatives in their meal to ensure necessary health standards coupled with a change in food preferences and lifestyles of the people of the country. Moreover, at the time of festivities, increased demand for ready to eat meat products is witnessed owing to demand for low cooking time food to address important chores of the festival also.
The UK Ready to Eat Food report thoroughly covers the market by Product Types and by Distribution Channels. UK Ready to Eat Food outlook report provides an unbiased and detailed analysis of the on-going UK Ready to Eat Food trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
United Kingdom Ready to Eat Food market is expected to register growth in the coming years backed by the shift towards busier lifestyles of the natives of the country along with increasing consumer spending towards more healthy and nutritionally beneficial eating options. Further, the ready to eat food is not benefiting the households, but its adoption is also increasing in the hospitality sector. The manufacturing of the country’s best cuisines in the form of ready to eat foodstuff formats is increasing its adoption in hotels and restaurants backed by rising tourism in the country. The spread of COVID-19 is anticipated to spur the sales of Ready to Eat Food across the United Kingdom owing to the rising involvement of the natives towards the procurement of dry food on the back of hygiene concerns. However, a spur in the rapid demand for packed foods as compared to short supply owing to complete lockdown and suspension of the production activities is anticipated to hinder the growth of the United Kingdom Ready to Eat Food market during the year 2020. However, since the COVID spread would take time to slow down, increased hygiene concerns in the latter part of 2020 and the beginning of 2021 would offer lucrative growth opportunities to the United Kingdom Ready to Eat Food market in the coming years. On the basis of product segmentation, instant soups and snacks are expected to register high demand projections in the coming years owing to rising disposable incomes of the consumers which are instigating demand for premium ready to eat foodstuffs and would assist the United Kingdom ready to eat food market gain traction in the coming years.
United Kingdom Ready to Eat Food market is expected to register growth during the forecast period 2020-26F owing to factors such as rising number of working women, higher costs of hiring domestic help, convenience for food preparation, and need for less cooking time. Also, several ready to eat food brands are initiating efforts to cater to changing consumer habits along with the introduction of nutritiously valuable and affordable ready to eat food products which would further boost the market demand for the product in the United Kingdom in the upcoming six years. Further, in order to address the spread of COVID-19, United Kingdom has postponed the acceptance of the arrival of shipments of staple foods and ready to eat food products through ships. Moreover, the country has enough food stocks to serve to its natives, and the market sales of ready to eat food are expected to be smooth during the COVID-19 period. However, the growth of the United Kingdom ready to eat food market is likely to be hampered owing to a decline in the foreign trade during 2020 but would gain momentum at the beginning of 2021 as the disease outbreak registers slowdown. Also, online retailers are anticipated to be the second-highest growth achieving domain in the United Kingdom ready to eat food market owing to increasing penetration of e-commerce coupled with rising interest towards online shopping along with ease of delivery provided by the online vendors.
Key Highlights of the Report:
Markets Covered
The UK Ready to Eat Food Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. UK Ready to Eat Food Market Overview |
3.1. UK Ready to Eat Food Market Revenues, 2016-2026F |
3.2. UK Ready to Eat Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.3. UK Ready to Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.4. UK Ready to Eat Food Market Revenue Share, By Countries, 2019 & 2026F |
3.5. UK Ready to Eat Food Market Industry Life Cycle |
3.6. UK Ready to Eat Food Market- Porter’s Five Forces |
4. UK Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. UK Ready to Eat Food Market Trends |
6. UK Ready to Eat Food Market Overview, By Product Types |
6.1. UK Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2016-2026F |
6.2. UK Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2016-2026F |
6.3. UK Ready to Eat Food Market Revenues, By Ready Meals, 2016-2026F |
6.4. UK Ready to Eat Food Market Revenues, By Baked Goods, 2016-2026F |
6.5. UK Ready to Eat Food Market Revenues, By Others, 2016-2026F |
6.6. UK Ready to Eat Food Market Revenues, By Meat Products, 2016-2026F |
7. UK Ready to Eat Food Market Overview, By Distribution Channels |
7.1. UK Ready to Eat Food Market Revenues, By Online Retailers, 2016-2026F |
7.2. UK Ready to Eat Food Market Revenues, By Convenience Stores, 2016-2026F |
7.3. UK Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F |
7.4. UK Ready to Eat Food Market Revenues, By Others, 2016-2026F |
8. UK Ready to Eat Food Market Overview, By Region |
8.1. UK Ready to Eat Food Market Revenues, By Region, 2016-2026F |
8.2. UK Ready to Eat Food Market Volume, By Region, 2016-2026F |
9. UK Ready to Eat Food Market Key Performance Indicators |
10. UK Ready to Eat Food Market Opportunity Assessment |
10.1. UK Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2025F |
10.2. UK Ready to Eat Food Market, Opportunity Assessment, By Region, 2025F |
11. UK Ready to Eat Food Market Competitive Landscape |
11.1. UK Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. UK Ready to Eat Food Market Revenue Share, By Company, 2019 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |