Supply Chain Disruptions: Potential interruptions to sourcing raw materials, manufacturing, or distribution due to geopolitical events, climate change, or labor shortages could impact production and sales.

Rising Input Costs and Inflation: Increased costs for energy, raw materials (e.g., fish, vegetables), packaging, and labor could compress profit margins if price increases cannot be fully passed on to consumers.

Intense Competition in Food Sector: Nomad Foods faces strong competition from other frozen food brands, private labels, and fresh food alternatives, which could limit market share and pricing power.