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premium ready-meals set for strong growth
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sales of premium ready meals for in-home consumption in the uk and the us are forecast to increase by almost 68% between 2009 and 2014, reaching a value of us$2.21 billion, according to a report by just-food. the us is expected to maintain its dominant position, with market value forecast to increase by over 58% to us$1.4 billion by 2014. during this time, the share of the frozen ready meals market taken by premium dishes is expected to increase from 13.7% to around 18%, as consumers increasingly trade up to more expensive products when eating at home. the us market is also set to benefit from the continued proliferation of restaurant brands available via retail channels, the number of which is expected to keep increasing. between 2009 and 2014, the uk market for premium ready meals is forecast to rise from us$555m to us$810m, up by nearly 46%. “although it is likely that people will start eating out with greater frequency once the economic situation improves, the growth in demand for premium private-label foods is expected to benefit sales,” the report said. “furthermore, both manufacturers and retailers appear committed to the premium in-home dining sector for the foreseeable future at least. chilled products are expected to remain the mainstay of the premium ready meals category in the uk, since they are frequently marketed on a freshness and/or quality platform.” at present, the chilled sector accounts for nearly 85% of the uk market for premium ready meals, worth us$470m in 2009. its dominance is expected to continue in the years leading up to 2014, mainly because premium dishes (especially of the own-label variety) have yet to appear in any great quantity within the frozen sector. elsewhere in the world, sales are expected to continue to develop in the more affluent western european countries, especially germany and the netherlands where penetration of convenience foods is highest. in asia, the japanese hmr sector appears set for further growth, and is forecast to reach between us$55bn and us$60bn by 2014. much of this is likely to be driven by growing consumer interest in alternative ethnic cuisine and dishes, especially amongst the younger sections of the population. just-food is the world’s leading portal for the global pre-packaged food and retail industries. its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/ -->
Source :ausfoodnews.com.au
Date :
9
June
2010
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just-food articles are only available to registered users and members.join now for increased accessthere are various access options to choose from. all provide instant access to the latest news, insight and expert analysis.sales of premium ready meals for in-home consumption in the uk and the us are forecast to increase by almost 68% between 2009 and 2014, reaching a value of us$2.21bn. join now for increased accessthere are various access options to choose from.
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exposure to bisphenol a from canned food poses no health risk to the general population, health canada has said after conducting a survey into levels of the chemical in 78 products. however, the agency also pointed out that its results were “exploratory and should not be used to indicate the distribution of bpa in canned food products”. it added that its overall aim was to “ limit human exposure to bpa to the greatest extent possible” by working with the food packaging sector to find out how the chemical migrates into food o food.
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emerging opportunities in the indian ready-to-eat foods market - a recent consumer insight report published by datamonitor, predicts that the rte foods market in india which was mainly driven by the export demand until recently, has matured to a stage where there is a tremendous potential for growth over the next few years. in 2009, indian rte foods market was estimated to be around $33.5m, registering a cagr of approximately 15% over the last five years.
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while recent years have seen food snobs protest about their usage in modern day recipes, new research from mintel finds hot canned meat is well and truly back on the menu, as britain rediscovers the joys of this store cupboard staple.sales of hot canned meats* are steaming. in the last two years alone, sales have grown by a hearty 12%, compared to cold canned meats which grew just 4%. continued promotional activity has helped hot canned meats to grow its share of the canned meat market at the expense of cold meats by attracting new users.
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indian ready meals and accompaniments sold in uk supermarkets contain “ frankly outrageous ” levels of salt, according to the british heart foundation (bhf). commenting on the results of a survey on salt levels in curries and other indian products published today by lobby group cash (consensus action on salt and health), bhf policy manager mubeen bhutta said: “the level of salt in some of these curries is frankly outrageous, but it’s often tucked away behind unhelpful food labels where it¹s difficult to spot.
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leading industry bodies have put together free guidance to help food businesses determine the shelf-life of ready-to-eat (rte) foods. the shelf-life guidance, issued by the uk chilled food association and the british retail consortium, has been designed to help all businesses calculate an accurate safe time period that certain foods can be kept before they are eaten.
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