Opportunities in the Asia Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

  • ID: 4296630
  • Report
  • Region: Asia, Asia Pacific
  • 81 pages
  • GlobalData
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FEATURED COMPANIES

  • Ajinomoto group
  • Amy's Kitchen
  • Itoham Foods
  • Katikichi
  • Meiji Holdings
  • Mrumiya
  • MORE
Opportunities in the Asia Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Prepared Meals sector was valued at US$83.4 Billion in 2016 and is forecasted to record a CAGR of 3.5% during 2016-2021 to reach US$99.1 Billion by 2021. Western Europe, with a value share of 39.5% in the global Prepared Meals sector in 2016, represents the largest regional market, while the Asia-Pacific accounted for a 25.7% share in 2016 and is forecasted to record the fastest CAGR of 6.5% during 2016-2021. The growth and high contribution can be attributed to socio economic factors such as an aging population, increased income and spending patterns, and consumers’ interest in purchasing Prepared Meals.

Ready Meals is the largest market in the APAC Prepared Meals sector accounting for US$16,610.6 Million (77.5% of the overall Prepared Meals sector) in 2016 and is expected to reach US$23,193.0 Million in 2021 growing at a CAGR 3.7%. Furthermore, Japan alone accounts for 85% of this market, followed by China and Australia. This high demand for Ready Meals is due to the fact that they require no time to prepare and suits the ever increasing hectic lifestyles of consumers in these countries. This is followed by Pizza, its growth (5.2% during 2016-2021) largely driven by the rising private labels offered by stores such as Seven-Eleven. Meal Kits are expected to grow at 4.8% during the same period.

In the Prepared Meals Market, there is a huge disparity in terms of opportunities amongst the top countries: Japan, China, Australia, and New Zealand. Japan is the largest contributor in terms of market value as of 2016, while China is forecast to witness the highest CAGR of 9.2% during 2016-2021. Changing consumer needs has boosted the propensity to purchase Prepared Meals in these regions with key factors being convenience for the aging population, minimal preparation for time-scarce families, and health related foods for consumers looking for microbe free products.

APAC Health & Wellness market stood at US$3,344.4 Million (15.6% of the overall Prepared Meals market) in 2016. A large aging population (especially in Japan and China) and rising awareness surrounding diet related health issues, such as diabetes and cholesterol (across demographics), is driving the growth of Health & Wellness products in the APAC region. Also, the rising economic standards drive consumers to choose better-for-health variants over regular/standard varieties.

Hypermarkets & Supermarkets is the most popular channel for Prepared Meals in the APAC region, accounting for 66.9% of the overall sales, followed by Convenience stores with a 15.3% share. This is due to the fact that Hypermarkets & Supermarkets offer a large variety of products in terms of flavors, cuisines, and pack sizes. Similar share patterns are witnessed across the countries in the APAC region.

The report "Opportunities in the Asia Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies", provide a comprehensive overview of the APAC Prepared Meals sector.

In depth, this report provides the following analysis:
- Market overview: Includes sector size, market size and growth analysis by markets
- Change in consumption: Provides a shift in the consumption of Prepared Meals by markets across different countries in the APAC region.
- High potential countries: Provides Risk-Reward analysis of 12 countries across the APAC region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 12, a total of 4 high potential countries are shortlisted.
- Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Prepared Meals sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Prepared Meals in 2016. It also covers the market share of leading companies offering Prepared Meals with health and wellness attributes in the same year.
- Brand Analysis: Provides an overview of leading brands in the APAC region, besides analyzing the growth of private labels in the region.
- Key distribution channels: Provides analysis on the leading distribution channels in the global Prepared Meals sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include - Cash & Carries and Warehouse Clubs, ‘Dollar Stores’,, e-Retailers, and General retailers.
- Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Prepared Meals.

Companies mentioned in this report: Toyo Suisan Kaisha, Table Mark, Nissin Food Holdings, Nichirei Corp, Meiji Holdings, Mrumiya, Katikichi, Itoham Foods, Amy's Kitchen, Ajinomoto group.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the APAC Prepared Meals sector.

It includes analysis on the following:
- Market overview: Includes sector size, market size and growth analysis by markets
- Change in consumption: Provides a shift in the consumption of Prepared Meals by markets across different countries in the APAC region.
- High potential countries: Provides Risk-Reward analysis of 12 countries across the APAC region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 12, a total of 4 high potential countries are shortlisted.
- Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Prepared Meals sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Prepared Meals in 2016. It also covers the market share of leading companies offering Prepared Meals with health and wellness attributes in the same year.
- Brand Analysis: Provides an overview of leading brands in the APAC region, besides analyzing the growth of private labels in the region.
- Key distribution channels: Provides analysis on the leading distribution channels in the global Prepared Meals sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include - Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, e-Retailers, and General retailers.
- Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Prepared Meals.

Reasons to buy

- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the APAC region.
- The report provides a detailed analysis of the high potential countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Ajinomoto group
  • Amy's Kitchen
  • Itoham Foods
  • Katikichi
  • Meiji Holdings
  • Mrumiya
  • MORE
1. Executive summary

2. Market size and growth analysis (Region analysis)
Market Size in Context - APAC compared to other regions
Growth analysis by region
Growth Analysis by country

3. Identifying high potential countries in APAC
High potential countries in APAC
Identifying high potential countries - Methodology
Identifying high potential countries - Risk, reward and opportunity analysis

4. Market size and growth analysis (High potential countries in APAC)
High potential countries in APAC - Overview
Growth Contribution Analysis by Country
Share of Prepared Meals compared to other Food sectors
Change in consumption levels by country and markets
Per Capita Consumption and Expenditure analysis

5. Country Profiles (High potential countries in APAC)
China
Japan
Australia
New Zealand

6. Success Stories

7. Challenges and Future Outlook
Key Challenges
Future Outlook

8. Company and Brand Analysis
Brand Share analysis in the Prepared Meals sector
Top companies in Asia Pacific Prepared Meals
Top brands in Asia-Pacific Prepared Meals
Private Label penetration in the Prepared Meals sector

9. Health & Wellness Analysis
Health & Wellness Analysis - Overview
Health & Wellness Analysis - Growth contribution by country
Health & Wellness Analysis - Key product attributes and consumer benefits
Leading Health & Wellness brands by market share

10. Key Distribution Channels
Leading Distribution Channels by countries
Leading Distribution Channels by categories

11. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outer type

12. Appendix

List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2016-2021
Identifying high potential countries - Risk, reward and opportunity analysis
High potential countries in APAC - Overview
Value share of Prepared Meals sector as a proportion of overall food by country
Change in consumption by market within Prepared Meals (value terms), 2016-2021
Per Capita Consumption in APAC and high potential countries, 2016
Per Capita Consumption in APAC and high potential countries, 2016
China Prepared Meals - Overview, % value share by market, 2016
Japan Prepared Meals - Overview % value share by market, 2016
Australia Prepared Meals - Overview % value share by market, 2016
Leading brands in the APAC Prepared Meals Sector and Markets by value, 2016
Leading companies in the APAC Prepared Meals Sector by value sales (US$ million), 2016
Leading Brands (including Private label) in the APAC Prepared Meals Sector by value sales (US$ million), 2016
Private Label penetration in the Prepared Meals sector
Health & Wellness value and its share in overall sales, 2011-2021
Share of product attributes and consumer benefits in high potential countries APAC, 2016
Leading Health & Wellness companies* with market share by Prepared Meals markets (2016)
Leading Distribution Channels in the APAC region by countries, 2016
Leading Distribution Channels in the APAC region by categories, 2016

List of Figures
Year-on-year value growth analysis by region (2016-2021)
Year-on-year volume growth analysis by region (2016-2021)
Value and volume growth analysis by country (2016-2021)
Country level contribution to the growth of Meal Kits Market in the APAC region, 2016-2021
Country level contribution to the growth of Ready Meals Market in the APAC region, 2016-2021
Country level contribution to the growth of Pizza Market in the APAC region, 2016-2021
China Prepared Meals - Demographic Analysis
Japan Prepared Meals - Demographic Analysis
Australia Prepared Meals - Demographic Analysis
New Zealand Prepared Meals - Demographic Analysis
Country level contribution to the growth of H&W Market in the APAC region, 2016-2021
Key packaging material volume (units) share, 2016
Unit volume growth by packaging material (2011-2021)
Key container type volume (units) share, 2016
Unit volume growth by container type (2011-2021)
Key closure type volume (units) share, 2016
Unit volume growth by closure type(2011-2021)
Key outers volume (units) share, 2016
Unit volume growth by outers (2011-2021)
Note: Product cover images may vary from those shown
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  • Toyo Suisan Kaisha
  • Table Mark
  • Nissin Food Holdings
  • Nichirei Corp
  • Meiji Holdings
  • Mrumiya
  • Katikichi
  • Itoham Foods
  • Amy's Kitchen
  • Ajinomoto group
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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