Download pdf
Impact and Prospects of Prepared Meals on the Catering Market
- 1 Department of Accounting, Oxford Brookes University, Oxford, United Kingdom
* Author to whom correspondence should be addressed.
Abstract
The increasing pace of modern life has catalyzed the rise of the prepared meals industry, reshaping consumer behaviors and market dynamics in the global catering sector. This study examines the impact of prepared meals on the catering market, focusing on consumer behavior, market dynamics, technological innovations, and sustainability issues. The prepared meals industry has seen exponential growth, driven by consumer demands for convenience, health, and environmentally friendly options. Technological advancements in food preservation, distribution, and packaging have played a pivotal role in improving product quality and safety while extending market reach. Financial analyses of key industry players like Tyson Foods, Inc., Nissin Foods Holdings Co., Ltd., and Nestlé S.A. reveal varied strategies for capitalizing on this growth, highlighting significant contributions to their overall business performance. The sector faces challenges including environmental sustainability, health and nutritional scrutiny, and intense market competition. Strategic responses to these challenges, such as investing in sustainable practices, focusing on health and nutrition, leveraging new technologies, and enhancing consumer engagement, are essential for future success. This research provides critical insights into the evolution of the prepared meals market, offering a comprehensive overview that could guide stakeholders in navigating this dynamic landscape.
Keywords
Prepared Meals, Consumer Behavior, Technological Innovation, Market Dynamics, Sustainability.
[1]. Zhao, X. (2023). Research on Consumers’ Purchase Intention of Prepared Meals and Its Influencing Factors. China Collective Economy, vol. 5, pp:73-76.
[2]. Esteves E., Guerra L., Aníbal J. (2021). Effects of Vacuum and Modified Atmosphere Packaging on the Quality and Shelf-Life of Gray Triggerfish (Balistes capriscus) Fillets. Foods. 10(2):250.
[3]. Jennifer R., Jean A. (2017) The Nutritional Content and Cost of Supermarket Ready-meals, Cross-sectional analysis. Appetite, vol. 92, pp:36-42,
[4]. Calderon, L.A., Herrero, M., Laca, A. et al. (2018) Environmental Impact of A Traditional Cooked Dish at Four Different Manufacturing Scales: From Ready Meal Industry and Catering Company To Traditional Restaurant and Homemade. Int J Life Cycle Assess, vol. 23, pp:811–823.
[5]. Yi B, Xu H. (2023). Research and Development Status of Prepared Foods in China: A Review. Applied Sciences, 13(14):7998.
[6]. Vlachos, S. & Georgantzis, N. (2016). Consumer Behaviour towards Organic Ready-to-Eat Meals: A Case of Quality Innovation. International Journal of Food and Beverage Manufacturing and Business Models (IJFBMBM), vol. 1(1), pp:12-27.
[7]. L.M. van Bussel, A. Kuijsten, M. Mars, P. van ‘t Veer. Consumers’ Perceptions on Food-related Sustainability: A Systematic Review. Journal of Cleaner Production, vol. 341, 2022.
[8]. Bizeau, D. COVID-19 and Consumer Eating Patterns: Analysis of The Impact On The Meal Kit Industry In The United States. Honors Program Theses, vol. 184, 2022.
[9]. Tyson Foods, Inc. (2023). 2023 Annual Report. Retrieved from: https://ir.tyson.com
[10]. Nissin Foods Holdings Co., Ltd. (2023). 2023 Annual Report. Retrieved from: https://www.nissin.com
[11]. Nestlé S.A. (2023). Annual review 2023. Retrieved from: https://www.nestle.com
Cite this article
Li,W. (2024). Impact and Prospects of Prepared Meals on the Catering Market. Advances in Economics, Management and Political Sciences,121,44-50.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).