The Future of the Prepared Meals Market in Portugal to 2017

Transcription

1 The Future of the Prepared Meals Market in Portugal to 2017 Market Size, Distribution and Brand Share, Key Events and Competitive Landscape Reference Code: FD0348ER

2 Table of Contents 1. Introduction What is this Report About? Definitions This report provides 2012 actual sales; while forecasts are provided for Category Definitions Distribution Channel Definitions Volume Units and Aggregations CAGR Definition and Calculation Graphical representation of Brands Exchange Rates Methodology Summary Portugal Prepared Meals Market Analysis, Prepared Meals Value Analysis, Overall Prepared Meals Market Value, Prepared Meals Market Value by Category, Market Growth Dynamics by Value Prepared Meals, Prepared Meals Volume Analysis, Overall Prepared Meals Market Volume, Per-Capita Consumption - Prepared Meals, Prepared Meals Market Volume by Category, Market Growth Dynamics by Volume Prepared Meals, Portugal Meal Kits Market Analysis, Meal Kits Value Analysis, Meal Kits Market by Value, Average Consumer Price/Kg Meal Kits, Meal Kits Market Value by Segments, Meal Kits Volume Analysis, Meal Kits Market by Volume, Meal Kits Market Volume by Segments, Market Growth Dynamics Meal Kits, Meal Kits Market Growth Dynamics by Value,

3 3.3.2 Meal Kits Market Growth Dynamics by Volume, Ambient Meal Kits Analysis, Ambient Meal Kits Market by Value, Ambient Meal Kits Market by Volume, Meal Kits Brand Analysis, Meal Kits Distribution Channel Analysis, Portugal Pizza Market Analysis, Pizza Value Analysis, Pizza Market by Value, Average Consumer Price/Kg Pizza, Pizza Market Value by Segments, Pizza Volume Analysis, Pizza Market by Volume, Pizza Market Volume by Segments, Market Growth Dynamics Pizza, Pizza Market Growth Dynamics by Value, Pizza Market Growth Dynamics by Volume, Frozen Pizza Analysis, Frozen Pizza Market by Value, Frozen Pizza Market by Volume, Pizza Brand Analysis, Pizza Distribution Channel Analysis, Portugal Ready Meals Market Analysis, Ready Meals Value Analysis, Ready Meals Market by Value, Average Consumer Price/Kg Ready Meals, Ready Meals Market Value by Segments, Ready Meals Volume Analysis, Ready Meals Market by Volume, Ready Meals Market Volume by Segments, Market Growth Dynamics Ready Meals, Ready Meals Market Growth Dynamics by Value, Ready Meals Market Growth Dynamics by Volume, Ambient Ready Meals Analysis,

4 5.4.1 Ambient Ready Meals Market by Value, Ambient Ready Meals Market by Volume, Dried Ready Meals Analysis, Dried Ready Meals Market by Value, Dried Ready Meals Market by Volume, Frozen Ready Meals Analysis, Frozen Ready Meals Market by Value, Frozen Ready Meals Market by Volume, Ready Meals Brand Analysis, Ready Meals Distribution Channel Analysis, Profiles of Companies Active in the Global Prepared Meals Market Cargill, Incorporated Cargill, Incorporated Business Analysis Cargill, Incorporated Major Products and Services Cargill, Incorporated Key Competitors Cargill, Incorporated SWOT Analysis Cargill, Incorporated SWOT Analysis Overview Cargill, Incorporated Strengths Cargill, Incorporated Weaknesses Cargill, Incorporated Opportunities Cargill, Incorporated Threats Cargill, Incorporated History Cargill, Incorporated Key Employees Cargill, Incorporated Locations and Subsidiaries Mondelez International, Inc Mondelez International, Inc. Business Analysis Mondelez International, Inc. Major Products and Services Mondelez International, Inc. Key Competitors Mondelez International, Inc. SWOT Analysis Mondelez International, Inc. SWOT Analysis - Overview Mondelez International, Inc. Strengths Mondelez International, Inc. Weaknesses Mondelez International, Inc. Opportunities Mondelez International, Inc. Threats

5 Mondelez International, Inc. History Mondelez International, Inc. Key Employees Mondelez International, Inc. Locations and Subsidiaries Tyson Foods, Inc Tyson Foods, Inc. Business Analysis Tyson Foods, Inc. Major Products and Services Tyson Foods, Inc. Key Competitors Tyson Foods, Inc. SWOT Analysis Tyson Foods, Inc. SWOT Analysis - Overview Tyson Foods, Inc. Strengths Tyson Foods, Inc. Weaknesses Tyson Foods, Inc. Opportunities Tyson Foods, Inc. Threats Tyson Foods, Inc. History Tyson Foods, Inc. Key Employees Tyson Foods, Inc. Locations and Subsidiaries Wm Morrison Supermarkets PLC Wm Morrison Supermarkets PLC Business Analysis Wm Morrison Supermarkets PLC Major Products and Services Wm Morrison Supermarkets PLC Key Competitors Wm Morrison Supermarkets PLC SWOT Analysis Wm Morrison Supermarkets PLC SWOT Analysis - Overview Wm Morrison Supermarkets PLC Strengths Wm Morrison Supermarkets PLC Weaknesses Wm Morrison Supermarkets PLC Opportunities Wm Morrison Supermarkets PLC Threats Wm Morrison Supermarkets PLC History Wm Morrison Supermarkets PLC Key Employees Wm Morrison Supermarkets PLC Locations and Subsidiaries Compass Group PLC Compass Group PLC Business Analysis Compass Group PLC Major Products and Services Compass Group PLC Key Competitors Compass Group PLC SWOT Analysis Compass Group PLC SWOT Analysis - Overview

6 6.5.6 Compass Group PLC Strengths Compass Group PLC Weaknesses Compass Group PLC Opportunities Compass Group PLC Threats Compass Group PLC History Compass Group PLC Key Employees Compass Group PLC Locations and Subsidiaries Suntory Holdings Limited Suntory Holdings Limited Business Analysis Suntory Holdings Limited Major Products and Services Suntory Holdings Limited Key Competitors Suntory Holdings Limited SWOT Analysis Suntory Holdings Limited SWOT Analysis - Overview Suntory Holdings Limited Strengths Suntory Holdings Limited Weaknesses Suntory Holdings Limited Opportunities Suntory Holdings Limited Threats Suntory Holdings Limited History Suntory Holdings Limited Key Employees Suntory Holdings Limited Locations and Subsidiaries Kraft Foods Group, Inc Kraft Foods Group, Inc. Business Analysis Kraft Foods Group, Inc. Major Products and Services Kraft Foods Group, Inc. Key Competitors Kraft Foods Group, Inc. SWOT Analysis Kraft Foods Group, Inc. SWOT Analysis - Overview Kraft Foods Group, Inc. Strengths Kraft Foods Group, Inc. Weaknesses Kraft Foods Group, Inc. Opportunities Kraft Foods Group, Inc. Threats Kraft Foods Group, Inc. History Kraft Foods Group, Inc. Key Employees Kraft Foods Group, Inc. Locations and Subsidiaries General Mills, Inc General Mills, Inc. Business Analysis

7 6.8.2 General Mills, Inc. Major Products and Services General Mills, Inc. Key Competitors General Mills, Inc. SWOT Analysis General Mills, Inc. SWOT Analysis - Overview General Mills, Inc. Strengths General Mills, Inc. Weaknesses General Mills, Inc. Opportunities General Mills, Inc. Threats General Mills, Inc. History General Mills, Inc. Key Employees General Mills, Inc. Locations and Subsidiaries San Miguel Corporation San Miguel Corporation Business Analysis San Miguel Corporation Major Products and Services San Miguel Corporation Key Competitors San Miguel Corporation SWOT Analysis San Miguel Corporation SWOT Analysis - Overview San Miguel Corporation Strengths San Miguel Corporation Weaknesses San Miguel Corporation Opportunities San Miguel Corporation Threats San Miguel Corporation History San Miguel Corporation Key Employees San Miguel Corporation Locations and Subsidiaries China Resources Enterprise, Limited China Resources Enterprise, Limited Business Analysis China Resources Enterprise, Limited Major Products and Services China Resources Enterprise, Limited Key Competitors China Resources Enterprise, Limited SWOT Analysis China Resources Enterprise, Limited SWOT Analysis - Overview China Resources Enterprise, Limited Strengths China Resources Enterprise, Limited Weaknesses China Resources Enterprise, Limited Opportunities China Resources Enterprise, Limited Threats China Resources Enterprise, Limited History

8 China Resources Enterprise, Limited Key Employees China Resources Enterprise, Limited Locations and Subsidiaries News and Key Events in the Global Prepared Meals Market Category News Goodman to divest New Zealand meat, pizza businesses Tesco rolls out new healthy living range Air Products unveils new method to control temperature of food products Maruha Nichiro recalls 6.3 million frozen food packages over possible contamination Nutrastar International Inc. Announces That Acclaimed Value Investor, Accretive Capital Partners, Significantly Increased Its Ownership of the Company through Private Transactions Tetra Pak develops new heat exchanger for prepared foods Sysco and US Foods Agree to Merge, Creating a World-Class Foodservice Company ConAgra Foods Introduces 23 New Bertolli and P.F. Chang's Meals and Desserts HH Global launches new ready meals packaging solution Sirane develops new packaging for barbecue ready meals Deal Activities in the Global Prepared Meals Market Category Deals Brynwood Partners acquires Joseph s Gourmet Pasta from Nestle Nippon Suisan Kaisha to divest 44.22% stake in Chinese food subsidiary Kewpie Corp. to acquire 23.2% stake in Aohata Corp Yazico Investments and Axentia Financial Consultants acquire Heli Food Fresh from Bakkavor Tat Gida to acquire 50% stake in Tedi Icecek Sanayi from Maspex McDonald s raises US$482 million in public offering of 2.875% senior unsecured notes due Annie's announces secondary offering of 2.54 million shares Annie's to acquire snack manufacturing facility of Safeway Nagatanien to acquire stake in Ear Holdings Oceana Group to acquire fishing division of Foodcorp Appendix About Canadean Disclaimer

9 List of Tables Table 1: Category Definitions - Prepared Meals Market Table 2: Distribution Channel Definitions - Prepared Meals Market Table 3: Volume Units for Prepared Meals Market Table 4: Portugal Exchange Rate LCU (Local Currency Unit) USD (Annual Average), Table 5: Portugal Prepared Meals Market Value (LCU m) and Growth (Y-o-Y), Table 6: Portugal Prepared Meals Market Value (USD m) and Growth (Y-o-Y), Table 7: Portugal Prepared Meals Market Value (LCU m) by Category, Table 8: Portugal Prepared Meals Market Value (LCU m) by Category, Table 9: Portugal Prepared Meals Market Value (USD m) by Category, Table 10: Portugal Prepared Meals Market Value (USD m) by Category, Table 11: Portugal Prepared Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Category, by Value (LCU m) Table 12: Portugal Prepared Meals Market Volume (Kg m) and Growth (Y-o-Y), Table 13: Portugal Per-capita Prepared Meals Consumption (Kg/head & Y-o-Y growth), Table 14: Portugal Prepared Meals Market Volume (Kg m) by Category, Table 15: Portugal Prepared Meals Market Volume (Kg m) by Category, Table 16: Portugal Prepared Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Category, by volume (Kg m) Table 17: Portugal Meal Kits Market Value (LCU m) and Growth (Y-o-Y), Table 18: Portugal Meal Kits Market Value (USD m) and Growth (Y-o-Y), Table 19: Portugal Meal Kits Average Consumer Price (LCU) and Growth (Y-o-Y), Table 20: Portugal Meal Kits Market Value (LCU m) by Segments, Table 21: Portugal Meal Kits Market Value (LCU m) by Segments, Table 22: Portugal Meal Kits Market Value (USD m) by Segments, Table 23: Portugal Meal Kits Market Value (USD m) by Segments, Table 24: Portugal Meal Kits Market Volume (Kg m) and Growth (Y-o-Y), Table 25: Portugal Meal Kits Market Volume (Kg m) by Segments, Table 26: Portugal Meal Kits Market Volume (Kg m) by Segments, Table 27: Portugal Meal Kits Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments Table 28: Portugal Meal Kits Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments Table 29: Portugal Ambient Meal Kits Market by Value (LCU m), Table 30: Portugal Ambient Meal Kits Market by Value (USD m), Table 31: Portugal Ambient Meal Kits Market by Volume (Kg m), Table 32: Portugal Meal Kits Market Value by Brands (LCU m), Table 33: Portugal Meal Kits Market Value by Brands (USD m), Table 34: Portugal Meal Kits Market Value by Distribution Channel (LCU m), Table 35: Portugal Meal Kits Market Value by Distribution Channel (USD m), Table 36: Portugal Pizza Market Value (LCU m) and Growth (Y-o-Y), Table 37: Portugal Pizza Market Value (USD m) and Growth (Y-o-Y), Table 38: Portugal Pizza Average Consumer Price (LCU) and Growth (Y-o-Y), Table 39: Portugal Pizza Market Value (LCU m) by Segments, Table 40: Portugal Pizza Market Value (LCU m) by Segments, Table 41: Portugal Pizza Market Value (USD m) by Segments, Table 42: Portugal Pizza Market Value (USD m) by Segments, Table 43: Portugal Pizza Market Volume (Kg m) and Growth (Y-o-Y), Table 44: Portugal Pizza Market Volume (Kg m) by Segments, Table 45: Portugal Pizza Market Volume (Kg m) by Segments, Table 46: Portugal Pizza Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments

10 Table 47: Portugal Pizza Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments Table 48: Portugal Frozen Pizza Market by Value (LCU m), Table 49: Portugal Frozen Pizza Market by Value (USD m), Table 50: Portugal Frozen Pizza Market by Volume (Kg m), Table 51: Portugal Pizza Market Value by Brands (LCU m), Table 52: Portugal Pizza Market Value by Brands (USD m), Table 53: Portugal Pizza Market Value by Distribution Channel (LCU m), Table 54: Portugal Pizza Market Value by Distribution Channel (USD m), Table 55: Portugal Ready Meals Market Value (LCU m) and Growth (Y-o-Y), Table 56: Portugal Ready Meals Market Value (USD m) and Growth (Y-o-Y), Table 57: Portugal Ready Meals Average Consumer Price (LCU) and Growth (Y-o-Y), Table 58: Portugal Ready Meals Market Value (LCU m) by Segments, Table 59: Portugal Ready Meals Market Value (LCU m) by Segments, Table 60: Portugal Ready Meals Market Value (USD m) by Segments, Table 61: Portugal Ready Meals Market Value (USD m) by Segments, Table 62: Portugal Ready Meals Market Volume (Kg m) and Growth (Y-o-Y), Table 63: Portugal Ready Meals Market Volume (Kg m) by Segments, Table 64: Portugal Ready Meals Market Volume (Kg m) by Segments, Table 65: Portugal Ready Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments Table 66: Portugal Ready Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments Table 67: Portugal Ambient Ready Meals Market by Value (LCU m), Table 68: Portugal Ambient Ready Meals Market by Value (USD m), Table 69: Portugal Ambient Ready Meals Market by Volume (Kg m), Table 70: Portugal Dried Ready Meals Market by Value (LCU m), Table 71: Portugal Dried Ready Meals Market by Value (USD m), Table 72: Portugal Dried Ready Meals Market by Volume (Kg m), Table 73: Portugal Frozen Ready Meals Market by Value (LCU m), Table 74: Portugal Frozen Ready Meals Market by Value (USD m), Table 75: Portugal Frozen Ready Meals Market by Volume (Kg m), Table 76: Portugal Ready Meals Market Value by Brands (LCU m), Table 77: Portugal Ready Meals Market Value by Brands (USD m), Table 78: Portugal Ready Meals Market Value by Distribution Channel (LCU m), Table 79: Portugal Ready Meals Market Value by Distribution Channel (USD m), Table 80: Cargill, Incorporated Fast Facts Table 81: Cargill, Incorporated Major Products and Services Table 82: Cargill, Incorporated History Table 83: Cargill Locations Table 84: Mondelez International, Inc. Fast Facts Table 85: Mondelez International, Inc. Major Products and Services Table 86: Mondelez International, Inc. History Table 87: Mondelez International, Inc. Key Employees Table 88: Mondelez International, Inc. Other Locations Table 89: Mondelez International, Inc. Subsidiaries Table 90: Tyson Foods, Inc. Fast Facts Table 91: Tyson Foods, Inc. Major Products and Services Table 92: Tyson Foods, Inc. History Table 93: Tyson Foods, Inc. Key Employees Table 94: Tyson Foods, Inc. Locations Table 95: Tyson Foods, Inc. Subsidiaries Table 96: Wm Morrison Supermarkets PLC Fast Facts Table 97: Wm Morrison Supermarkets PLC Major Products and Services Table 98: Wm Morrison Supermarkets PLC History Table 99: Wm Morrison Supermarkets PLC Locations

11 Table 100: Wm Morrison Supermarkets PLC Subsidiaries Table 101: Compass Group PLC Fast Facts Table 102: Compass Group PLC Major Products and Services Table 103: Compass Group PLC History Table 104: Compass Group PLC Key Employees Table 105: Compass Group PLC Locations Table 106: Compass Group PLC Subsidiaries Table 107: Suntory Holdings Limited Fast Facts Table 108: Suntory Holdings Limited Major Products and Services Table 109: Suntory Holdings Limited History Table 110: Suntory Holdings Limited Subsidiaries Table 111: Kraft Foods Group, Inc. Fast Facts Table 112: Kraft Foods Group, Inc. Major Products and Services Table 113: Kraft Foods Group, Inc. History Table 114: Kraft Foods Group, Inc. Key Employees Table 115: Kraft Foods Group, Inc. Other Locations Table 116: General Mills, Inc. Fast Facts Table 117: General Mills, Inc. Major Products and Services Table 118: General Mills, Inc. History Table 119: General Mills, Inc. Key Employees Table 120: General Mills, Inc. Subsidiaries Table 121: San Miguel Corporation Fast Facts Table 122: San Miguel Corporation Major Products and Services Table 123: San Miguel Corporation History Table 124: San Miguel Corporation Key Employees Table 125: San Miguel Corporation Subsidiaries Table 126: China Resources Enterprise, Limited Fast Facts Table 127: China Resources Enterprise, Limited Major Products and Services Table 128: China Resources Enterprise, Limited History Table 129: China Resources Enterprise, Limited Key Employees Table 130: China Resources Enterprise, Limited Subsidiaries

12 List of Figures Figure 1: Portugal Prepared Meals Market Value (LCU m) and Growth (Y-o-Y), Figure 2: Portugal Prepared Meals Market Value (LCU m) by Category, Figure 3: Portugal Prepared Meals Market Dynamics, by Category, by Market Value, Figure 4: Portugal Prepared Meals Market Volume (Kg m) and Growth (Y-o-Y), Figure 5: Portugal Per-Capita Prepared Meals Consumption (Kg/head & Y-o-Y growth), Figure 6: Portugal Prepared Meals Market Volume (Kg m) by Category, Figure 7: Portugal Prepared Meals Market Dynamics, by Category, by Market Volume Figure 8: Portugal Meal Kits Market Value (LCU m) and Growth (Y-o-Y), Figure 9: Portugal Meal Kits Average Consumer Price (LCU) and Growth (Y-o-Y), Figure 10: Portugal Meal Kits Market Value (LCU m) by Segments, Figure 11: Portugal Meal Kits Market Volume (Kg m) and Growth (Y-o-Y), Figure 12: Portugal Meal Kits Market Volume (Kg m) by Segments, Figure 13: Portugal Meal Kits Market Growth Dynamics by Value, Figure 14: Portugal Meal Kits Market Growth Dynamics by Volume, Figure 15: Portugal Ambient Meal Kits Market by Value (LCU m), Figure 16: Portugal Ambient Meal Kits Market by Volume (Kg m), Figure 17: Portugal Meal Kits Market Value by Distribution Channel (LCU m), Figure 18: Portugal Pizza Market Value (LCU m) and Growth (Y-o-Y), Figure 19: Portugal Pizza Average Consumer Price (LCU) and Growth (Y-o-Y), Figure 20: Portugal Pizza Market Value (LCU m) by Segments, Figure 21: Portugal Pizza Market Volume (Kg m) and Growth (Y-o-Y), Figure 22: Portugal Pizza Market Volume (Kg m) by Segments, Figure 23: Portugal Pizza Market Growth Dynamics by Value, Figure 24: Portugal Pizza Market Growth Dynamics by Volume, Figure 25: Portugal Frozen Pizza Market by Value (LCU m), Figure 26: Portugal Frozen Pizza Market by Volume (Kg m), Figure 27: Portugal Pizza Market Value by Brands (LCU m), Figure 28: Portugal Pizza Market Value by Distribution Channel (LCU m), Figure 29: Portugal Ready Meals Market Value (LCU m) and Growth (Y-o-Y), Figure 30: Portugal Ready Meals Average Consumer Price (LCU) and Growth (Y-o-Y), Figure 31: Portugal Ready Meals Market Value (LCU m) by Segments, Figure 32: Portugal Ready Meals Market Volume (Kg m) and Growth (Y-o-Y), Figure 33: Portugal Ready Meals Market Volume (Kg m) by Segments, Figure 34: Portugal Ready Meals Market Growth Dynamics by Value, Figure 35: Portugal Ready Meals Market Growth Dynamics by Volume, Figure 36: Portugal Ambient Ready Meals Market by Value (LCU m), Figure 37: Portugal Ambient Ready Meals Market by Volume (Kg m), Figure 38: Portugal Dried Ready Meals Market by Value (LCU m), Figure 39: Portugal Dried Ready Meals Market by Volume (Kg m), Figure 40: Portugal Frozen Ready Meals Market by Value (LCU m), Figure 41: Portugal Frozen Ready Meals Market by Volume (Kg m), Figure 42: Portugal Ready Meals Market Value by Brands (LCU m), Figure 43: Portugal Ready Meals Market Value by Distribution Channel (LCU m),

13 1. Introduction 1.1 What is this Report About? This report is the result of Canadean s extensive market research covering the Prepared Meals Market in Portugal. It provides detailed segmentation of historic and future Prepared Meals Market, covering key categories and segments. As such the report is an essential tool for companies active across the Prepared Meals industry and for new players considering entry into Portugal s Prepared Meals market. 1.2 Definitions All the data is collected in volume terms. Prepared Meals Market refers to domestic Market only and includes imports. Please note that rounding errors may occur This report provides 2012 actual sales; while forecasts are provided for Category Definitions Table 1: Category Definitions - Prepared Meals Market Category Segment Definition Meal Kits Pizza Ready Meals Ambient Meal Kits Chilled Meal Kits Frozen Meal Kits Chilled Pizza Frozen Pizza Ambient Ready Meals Meal kits include thermostabilised, asepticfill, shelf stable natural form of foods. An ambient meal kit can be stored at room temperature and It requires very little preparation time. Examples include Dennison Chili Con Carne With Beans A chilled meal kit is packed and usually has more than one meal serving and comprises of a full course meal. It needs to be stored by chilling in a refrigerator at temperature below 8 C. It requires very little preparation time and needs to be heated and eaten. A frozen meal kit is preserved by freezing, is packed and usually has more than one meal serving and comprises of a full course meal. Frozen meal kits usually last long for a week, month or sometimes even an year. It needs to be stored by freezing in a refrigerator at temperatures below -15 C. It requires very little preparation time and needs to be heated and eaten. Examples include Military Meals Entree Variety Pack - CASE of 72 Pizzas that require to be stored in cold temperature for preserving but are not frozen. Usually stored at below 8 C. Examples include Digiorno Pizza Rising Crust Supreme (USA) and Pizza Express Margherita Pizza (UK) Pizzas that are to be frozen always and are to be stored at temperatures below - 15 C. Examples include Red Baron Frozen Pizza Pepperoni and Freschetta Frozen Pizza Pepperoni Meal that is pre packed and does not require any special stoarge conditions. Can be stored at room temperature. Ambient ready meals include thermostabilised, asepticfill, shelf stable natural form of foods. Examples include 13

14 Table 1: Category Definitions - Prepared Meals Market Category Segment Definition Hormel Chili Con Carne With Beans (USA) Chilled Ready Meals Dried Ready Meals Frozen Ready Meals Any meal that is stored at temperature below 8 C and just needs to be heated and eaten. It is prepacked and is usually in individual containers or packages. It is also called as chilled dinner, chilled meal, microwave meal, ready to eat/serve or ready meal. Includes Pasta, Noodles, Spaghettis, Pilaf, Rice and other meat base items. Examples include Kraft Deluxe Pasta and Sauce and Princes Chicken In White Sauce Any meal that can be stored at room temperature without the need for special storage conditions. Includes meat, fish, pasta and vegetable based meals e.g. Kraft Macaroni and Cheese Any meal that needs to be freezed at all times (stored at temperatures below - 15 C) and needs to be defrosted and heated to be eaten. Frozen fully prepared meals purchased in a store to be eaten elsewhere. They aren't the same as take-away and fast food, and they aren't canned food. It is also called as frozen dinner, frozen meal, microwave meal, ready to eat/serve or ready meal. Includes Pasta, Noodles, Spaghettis, Pilaf, Rice and other meat base items. Examples include Organic Vegetarian frozen Lasagna Distribution Channel Definitions Table 2: Distribution Channel Definitions - Prepared Meals Market Distribution Channel Cash & carries & warehouse clubs (Cash & Carry) Discount, variety store & general merchandise retailers (Dollar Stores) Convenience stores & gas stations (Convenience stores) Department stores (Department stores) Definition Cash & carries sell from a wholesale warehouse to customers (small retailers, professional users) who pay on the spot and transport goods away themselves. Warehouse clubs are nofrills stores that sell discounted goods to members who pay an annual fee. Delivered wholesale sales are not included. In our data only sales from these stores direct to the public (for example through work place deals allowing otherwise regular consumers to shop there) are covered. Example: Makro, Metro, Costco, Sams Club Dollar Stores, Variety Stores & General Merchandise Retailers - A variety store or price-point retailer (including Dollar stores) is a retail store that sells inexpensive items, often with a single price for all items in the store, or a general low price policy. Typical merchandise includes cleaning supplies, toys, household goods and gardening equipment, basic foods and beverages. A general store, general merchandise store, or small town store carries a (broad) general line of merchandise, often in a medium (and sometimes small) store format, serving the needs of either the surrounding town or rural area. They differ from convenience stores or corner shops in that it will be the main shop for the community rather than a convenient supplement and typically carries a broader product line. Example: 9 to 9 Dollar Shop. Convenience Stores - Includes all sales through stores of an area generally less than 300 sq m, that specialize in a limited range of food & grocery products designed primarily for consumers with top-up shopping needs. Also includes sales in retail outlets attached to gas stations, where fuel is the main revenue driver, kiosks, and newsstands. This also includes small independent retailers, particularly those present in countries such as China and India. Department Stores - Includes all sales through multi-category retailers, focusing primarily on non-grocery categories with distinct departments specializing in defined product areas. Examples include Bloomingdale's, Macy's, John Lewis and El Corte Ingles. 14

15 Table 2: Distribution Channel Definitions - Prepared Meals Market Distribution Channel Hypermarkets & supermarkets (Hyper/ Super Markets) Vending machines (Vending machines) Drug stores & Pharmacies (Pharmacies) Food & drinks specialists (Food & drinks specialists) eretailers (eretailers) Health & Beauty Stores Definition Hypermarkets& Supermarkets (incl. discounters) - Hypermarkets/mass merchandisers include all sales through retailers with floor area over 2,500 sq m that carry full lines of both grocery and general merchandise (e.g. Walmart). Supermarkets include all sales through retailers with a floor area of 300 sq m -2,500 sq m that offer a wide, departmentalized range of groceries, and may carry some general merchandise lines (e.g. Sainsbury's, Kroger). It also includes hard grocery discounters such as Walmart. Vending machines - Includes paid-for sales from all vending machines not located within a store (e.g. public places, workplaces, pubs & Bars). Drug stores & Pharmacies - Stores licensed to dispense prescription (Rx) and over-thecounter (OTC) healthcare products and where these sales account for the majority of revenues. Also known as Drug store and Health store. This channel does not include supermarkets with pharmacy counters. Example: Hetro and Apollo pharmacies in India. Food & drinks specialists - Includes bakers, butchers, delicatessens, drinks specialists, fishmongers, greengrocers, Food & drinks only stores, and single category stores (e.g. stores selling only cheese, or only olives, or only honey, or only Confectionery products) Example : Amul Dairy shops In India. eretailers - Includes all sales that take place over the internet, irrespective of whether the vendor is a pure-play internet company or the online offering of a physical retailer. Example: Amazon, SPAR and FutureBazaar.com in India. Retailers that generate the majority of their revenue through a specific product type. In the personal care market, this includes specialist stores other than drugstores. Example: Boots in UK, Himalaya In India. Other general retailers (Others) Others - Includes other generalist retail channels not included in the categories above (e.g. market traders, charity stores, student union stores, direct sales, and Duty Free shops) Volume Units and Aggregations Table 3: Volume Units for Prepared Meals Market Market Category Units Prepared Meals Meal Kits Kg m Pizza Kg m Ready Meals Kg m 15

16 1.2.5 CAGR Definition and Calculation Compound Annual Growth Rate (CAGR) is the year-over-year growth rate of a value over a specified period of time. For this report, CAGR for historic time period is Calculated from , as CAGR = ((2012 Value / 2007 Value) ^ (1 / ( )) ) - 1 CAGR for forecast time period is Calculated from , as CAGR = ((2017 Value / 2012 Value) ^ (1 / ( ))) - 1 For Brand Analysis and Distribution Channel Analysis, CAGR is Calculated from , as CAGR = ((2012 Value / 2009 Value) ^ (1 / ( ))) Graphical representation of Brands Top 10 brands are considered for each category in the market subject to availability of such data. Brand analysis charts are displayed only for categories where data is available for more than two brands Exchange Rates All research is conducted in local currency in nominal prices. US dollar conversions for all historic data and for the latest year of actual data (2012 in this report) are made using an annual average exchange rate. For details please refer to table below. As we do not forecast exchange rates, the forecast data (from 2013 to 2017) is converted using a fixed 2012 exchange rate. As a result, annual growth rates for historic data will differ between local currencies and US dollar conversions, whereas they will be the same for forecasts. Table 4: Portugal Exchange Rate LCU (Local Currency Unit) USD (Annual Average), Currency LCU USD XXXX XXXX XXXX XXXX XXXX XXXX 16

17 1.2.8 Methodology Summary In order to create the data for all the reports in this series and ensure its robustness, a comprehensive and empirically robust research methodology has been adopted. This combines both a large-scale program of industry research with the results of extensive primary industry interviewing and calling. Furthermore, all definitions are standardized across products and countries to ensure comparability. The two main research methods, secondary research and primary research (the program of interviewing industry contacts), are brought together and because both sets of research processes have been designed in conjunction with each other they can be combined and consolidated into the final, integrated data sets. The secondary research process involves covering publicly available sources, trade associations, specialist databases, company annual reports, and industry publications. While primary research involves a major program of interviewing leading industry executives for each category covered in each country all with local country experts; typically brand, product and marketing managers for major brands within each country. These processes help analysts in capturing both qualitative and quantitative information about the market. The final stage of the process is the triangulation of inputs obtained from all the research methods with the analyst s own understanding of the market in order to finalize the data. Once the data is finalized, it goes through various top level quality checks prior to publishing. 17

18 2. Portugal Prepared Meals Market Analysis, Prepared Meals Value Analysis, Overall Prepared Meals Market Value, Table 5: Portugal Prepared Meals Market Value (LCU m) and Growth (Y-o-Y), Category Market Value Y-o-Y growth Table 6: Portugal Prepared Meals Market Value (USD m) and Growth (Y-o-Y), Category Market Value Y-o-Y growth 18

19 Figure 1: Portugal Prepared Meals Market Value (LCU m) and Growth (Y-o-Y),

20 2.1.2 Prepared Meals Market Value by Category, Table 7: Portugal Prepared Meals Market Value (LCU m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall Table 8: Portugal Prepared Meals Market Value (LCU m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall Table 9: Portugal Prepared Meals Market Value (USD m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall 20

21 Table 10: Portugal Prepared Meals Market Value (USD m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall Figure 2: Portugal Prepared Meals Market Value (LCU m) by Category,

22 2.1.3 Market Growth Dynamics by Value Prepared Meals, Table 11: Portugal Prepared Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Category, by Value (LCU m) Category CAGR CAGR Meal Kits Pizza Ready Meals Overall Market Size 2007 Market Size 2012 Market Size 2017 Figure 3: Portugal Prepared Meals Market Dynamics, by Category, by Market Value,

23 2.2 Prepared Meals Volume Analysis, Overall Prepared Meals Market Volume, Table 12: Portugal Prepared Meals Market Volume (Kg m) and Growth (Y-o-Y), Category Market Volume Y-o-Y growth Figure 4: Portugal Prepared Meals Market Volume (Kg m) and Growth (Y-o-Y),

24 2.2.2 Per-Capita Consumption - Prepared Meals, Table 13: Portugal Per-capita Prepared Meals Consumption (Kg/head & Y-o-Y growth), Category Per-Capita Consumption Y-o-Y growth Figure 5: Portugal Per-Capita Prepared Meals Consumption (Kg/head & Y-o-Y growth),

25 2.2.3 Prepared Meals Market Volume by Category, Table 14: Portugal Prepared Meals Market Volume (Kg m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall Table 15: Portugal Prepared Meals Market Volume (Kg m) by Category, Category CAGR Meal Kits Pizza Ready Meals Overall 25

26 Figure 6: Portugal Prepared Meals Market Volume (Kg m) by Category,

27 2.2.4 Market Growth Dynamics by Volume Prepared Meals, Table 16: Portugal Prepared Meals Market Dynamics: past and future growth rates ( & ) and market size (2007, 2012 & 2017), by Category, by volume (Kg m) Category CAGR CAGR Meal Kits Pizza Ready Meals Overall Market Size 2007 Market Size 2012 Market Size 2017 Figure 7: Portugal Prepared Meals Market Dynamics, by Category, by Market Volume