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 Foods (all based in the US), as well as Bakkavör Group (UK), Greencore Group (Ireland), and Premium Brands (Canada).
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.