Food Industry: 100% of revenue
TOP 3 Markets:

• United Kingdom: approximately 60%
• USA: approximately 25%
• China: approximately 10%

Bakkavor Group plc is a leading provider of fresh, pre-packaged foods. The majority of revenues come from the food industry, particularly through the sale of ready meals, salads, and desserts.

The company generates the majority of its income in the United Kingdom, attributed to its strong market presence and close collaboration with major retailers. The USA and China are also significant markets, with expansion in these regions being a strategic focus for future growth.

Production Sites:

• United Kingdom
• USA
• China

Bakkavor Group plc is a leading provider of fresh ready meals and mainly produces its products in these three countries. In the United Kingdom, its main market, the company operates a variety of production facilities specializing in different product categories. Bakkavor has also established production capacities in the USA and China to meet local demand and support growth in these markets.

Revenue Growth: Estimated 5-7% annually (based on industry comparison and historical data until 2023)

Investments in New Markets: Focus on Asia and North America

Product Innovation: Increasing the offering of healthy and sustainable foods

Bakkavor Group plc pursues a growth strategy based on expanding into new geographical markets and diversifying its product portfolio. The company has increased its investments in the Asian and North American markets in recent years to strengthen its international presence.

Another focus is on product innovation, especially in the area of healthy and sustainable foods. Bakkavor is focusing on developing new products that align with current consumer trends to increase its market share and tap into new customer segments.

Additionally, the company continuously optimizes its production processes to achieve efficiency improvements and cost reductions, which are expected to contribute to long-term improvement in profit margins.

Main raw materials: Fresh ingredients such as vegetables, fruits, meat, and fish

Countries of origin: Spain, Netherlands, Italy, Poland, Thailand

Bakkavor Group plc is a leading provider of fresh ready meals and imports a variety of raw materials to support its product range. The main imported materials include fresh ingredients such as vegetables, fruits, meat, and fish. These raw materials are sourced from different countries to ensure quality and availability.

Spain and the Netherlands are significant suppliers of vegetables and fruits, while Italy is known for certain specialties such as tomatoes and olives. Poland frequently supplies meat products, and Thailand is an important partner for the import of fish and seafood. This diversification of sources helps Bakkavor ensure supply security and respond to seasonal fluctuations.

Market Share in the United Kingdom: 25% (estimated for 2026)
EBITDA Margin: 8.5% (2025)
Product Innovations: 10 new product launches (2025)

Bakkavor Group plc has a significant competitive advantage, especially in the United Kingdom, where the company holds an estimated 25% market share in the fresh ready meals sector. This strong market position is supported by long-standing relationships with major retailers and an extensive product range.

The EBITDA margin of 8.5% shows that Bakkavor operates efficiently and is able to generate solid profits. This is an indicator of the company's ability to control costs while delivering high-quality products.

Furthermore, in 2025, Bakkavor introduced ten new products, indicating a continuous innovation capability. These product innovations help the company stand out from the competition and respond to changing consumer preferences.

Overall, Bakkavor's competitive advantage is well secured by its market leadership, operational efficiency, and innovation capability.

Institutional Investor Share: approximately 60% (estimated for 2026)

Insider Purchases/Sales: No specific data available for 2026

The institutional investor share in Bakkavor Group plc is estimated to be around 60%. This demonstrates the confidence of institutional investors in the company's long-term prospects.

There is no specific data available regarding insider purchases or sales in 2026. However, such transactions can provide significant insights into the management's confidence in the company's future development. It is advisable to regularly check the reports of the London Stock Exchange for up-to-date information.

Market share of Bakkavor Group plc: Estimate 5-7% (2026)

Main competitors and their market shares:

1. Greencore Group plc: Estimate 8-10%
2. 2 Sisters Food Group: Estimate 7-9%
3. Cranswick plc: Estimate 6-8%
4. Samworth Brothers: Estimate 5-7%
5. Premier Foods plc: Estimate 4-6%

The market for ready meals and fresh food is highly fragmented, with Bakkavor Group plc holding a solid but not dominant share. Bakkavor's market share is estimated to be between 5-7%, making it a significant but not market-leading player.

Economic moat of Bakkavor Group plc: Bakkavor has a moderate economic moat supported by its strong presence in the fresh ready meals sector and its long-standing relationships with major retailers in the UK and internationally. These relationships enable the company to secure stable supply chains and consistent demand.

Compared to its competitors, Bakkavor has the advantage of a diversified product range and an established international presence, particularly in the USA and China. This provides some protection against market fluctuations in individual regions.

However, some competitors, such as Greencore Group plc, may have a stronger economic moat due to specialized product lines or more efficient production processes. Competition remains intense, and success heavily depends on the ability to adapt to changing consumer trends and preferences.

Revenue growth: 3.5% (2025) EBITDA margin: 8.2% (2025) Market share in the British convenience segment: 25% (2025)

In 2025, Bakkavor Group plc recorded a moderate revenue growth of 3.5%, attributed to stable demand in the convenience food segment. The EBITDA margin of 8.2% indicates that the company is able to effectively manage its operating costs and maintain solid profitability.

Bakkavor holds a significant market share of 25% in the British convenience segment, signaling a strong market position and a wide product range. This market position provides the company with a competitive advantage, especially in a consolidating market environment.

Future growth opportunities could arise from expanding into international markets and adapting to changing consumer preferences. Investing in sustainable packaging solutions and expanding the product portfolio could also provide positive momentum for the company.

Overall, Bakkavor demonstrates stable financial performance and a strong market position, making it a potentially attractive investment, especially for investors interested in the food and convenience segment.

Dividend Yield: 4.2% (2026, estimated)
Dividend History: Stable payout over the last 5 years

Bakkavor Group plc has paid a consistent dividend in recent years, indicating a reliable payout policy. The current dividend yield is estimated at 4.2%, which is competitive compared to other companies in the food industry.

The company has not suspended dividend payments in the last five years, indicating a solid financial foundation and a stable business model. Analysts expect Bakkavor to maintain its dividend policy unless significant economic or company-specific challenges arise.