Forecast: Prepared Meals Market Size Volume in the UK

The UK prepared meals market has exhibited fluctuations over the years, with significant variations in volume. From 2013 to 2023, the market showed a cumulative growth, despite some years of decline. In 2023, the market stood at 1.172 billion kilograms. Notable dips occurred in 2016, but subsequent years saw modest recoveries, stabilizing from 2018 onward.

Year-on-year variations indicate interesting trends: from notable growth rates in 2014 and 2017 to minor declines in 2016 and 2018. The most recent trends show very stable, though minimal, annual increases around 0.5%. Finally, a forecasted 5-year CAGR of 0.42% suggests continued, albeit slow, growth.

• 2014 - year-on-year: 5.59%
• 2016 - year-on-year: -15.22%
• 2017 - year-on-year: 9.95%
• 2018 - year-on-year: -0.69%
• 2023 - year-on-year: 0.53%
• 2028 - forecast 5-year CAGR: 0.42%

Looking ahead, key trends to watch include the impact of lifestyle changes on convenience food demand, the influence of health-conscious eating habits, and technological advancements in food preparation and delivery. Additionally, market responses to environmental concerns and sustainability initiatives could shape future growth trajectories within the sector.