Fresh Prepared Foods Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/26/2017
SIC Codes: 2099
NAICS Codes: 311991
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Fresh Prepared Foods Industry Profile

Companies in this industry prepare perishable food products, such as ready-made meals, salads, sandwiches, pasta, pizzas, and vegetables. Major companies include AdvancePierre Foods, Ready Pac, Reser's Fine Foods, and Taylor Fresh (all based in the US), as well as Bakkavör Group (Iceland), Greencore Group (Ireland), and Premium Brands (Canada).

The US fresh prepared foods manufacturing industry includes about 750 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $12 billion.

COMPETITIVE LANDSCAPE

Demand is driven by consumer tastes, lifestyles and health considerations. The profitability of individual companies depends on efficient operations and food quality. Large companies typically have stronger purchasing, distribution, and marketing operations. Small companies can compete effectively by offering higher customer service levels, additional flexibility with customers, and developing niche markets. The US industry is concentrated; the 50 largest companies generate about 80% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include bagged salads, washed cut vegetables, pre-made sandwiches, and fresh pasta. Other significant products include pre-made meals, fresh coleslaw, tofu, and box lunches. Fresh prepared product customers include grocery stores, food service, vending operators, airports, and convenience stores.

Many fresh prepared food companies have their own production facilities, but some companies also buy the products from third parties. Bagged salads and other produce items are shipped quickly after processing at customer distribution centers or third-party distributors for redistribution. Deliveries are made in temperature-controlled trucks; some companies own their own ...

 
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