The household expenditure on meat-based ready meals and convenience products in the UK was recorded at 114.32 Pence Sterling per capita per week in 2023. Forecasts for 2024 to 2028 suggest a steady increase in expenditure, with an average compound annual growth rate (CAGR) of approximately 1.74% over five years. The year-on-year growth is consistent, around 1.8% from 2024 onwards, indicating a stable market demand.

Future trends to watch for:

Shifts in consumer preferences towards plant-based alternatives could alter expenditure patterns.
Economic factors such as inflation and disposable income changes impacting consumer spending behavior.
Innovations in convenience food packaging and sustainability affecting market dynamics.