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

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


  • Executive Summary
  • Market size and growth analysis
    • Market Size in Context - Asia Pacific compared to other regions
      • Table Regional comparison: Market size, growth, and per capita analysis, 2016-2021
    • Growth Analysis by region
    • Growth Analysis by country
  • 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
  • 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
  • Country Profiles High potential countries in APAC
    • China
      • China Prepared Meals - Overview
        • Table % Value Share, 2016
      • China Prepared Meals - Demographic Analysis
      • China Prepared Meals - Key trends
    • Japan
    • Japan Prepared Meals - Overview
      • Table % Value Share, 2016
      • Japan Prepared Meals - Demographic Analysis
      • Japan Prepared Meals - Key trends
    • Australia
      • Australia Prepared Meals - Overview
        • Table % Value Share, 2016
      • Australia Prepared Meals - Demographic Analysis
      • Australia Prepared Meals - Key trends
    • New Zealand
      • New Zealand Prepared Meals - Overview
        • Table % Value Share, 2016
      • New Zealand Prepared Meals - Demographic Analysis*
      • New Zealand Prepared Meals - Key trends
  • Success Stories
    • About Case Studies
    • Prepared Meals in APAC: Case Study
  • Challenges and Future Outlook
    • Key Challenges
    • Future Outlook
  • 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
  • Health & Wellness Analysis
    • Health & Wellness Analysis - Overview
      • Table Health & Wellness value and its share in overall sales, 2011-2021
    • Health & Wellness Analysis - Growth contribution by country
    • Health & Wellness Analysis - Key product attributes and consumer benefits
    • Leading Health & Wellness brands by market share
  • Key Distribution Channels
    • Leading Distribution Channels by countries
      • Table Leading Distribution Channels in the APAC region by countries, 2016
    • Leading Distribution Channels by categories
      • Table Leading Distribution Channels in the APAC region by markets, 2016
  • Key Packaging Formats
    • Growth analysis by key packaging material and container type
    • Growth analysis by closure type and outer type
  • Appendix
    • Table Global - Prepared Meals Sales, by Region - Value (US$ Million)
    • Table Global Prepared Meals Sales, by Region- Volume (Kg Million)
    • Table Growth Analysis, by Country- Value (US$ Million)
    • Table Growth Analysis, by Country- Volume (Kg Million)
    • Table Market Growth Analysis, by Country - Meal Kit (US$ Million)
    • Table Market Growth Analysis, by Country - Pizza (US$ Million)
    • Table Market Growth Analysis, by Country - Ready Meals (US$ Million)
    • Table Change in Consumption Levels by Value, Australia (US$ Million)
    • Table Change in Consumption Levels by Value, China (US$ Million)
    • Table Change in Consumption Levels by Value, Japan (US$ Million)
    • Table Change in Consumption Levels by Value, New Zealand(US$ Million)
    • Table Market Volume Growth Analysis, by Country - Meal Kit (Kg Million)
    • Table Market Volume Growth Analysis, by Country - Pizza (Kg Million)
    • Table Market Volume Growth Analysis, by Country - Ready Meals (Kg Million)
    • Table Global - Brands vs. Private Label Value by Markets (US$ Million), 2016
    • Table APAC- Brands vs. Private Label Value by Markets (US$ Million), 2016
    • Table APAC- Brands vs. Private Label Value, by Country (US$ Million), 2016
    • Table Top five Brands value sales, Pizza (US$ Million), 2016
    • Table Top five Brands value sales, Ready Meals (US$ Million), 2016
    • Table Top five Brands value sales, Meal Kit (US$ Million), 2016
    • Table Health & Wellness product attribute analysis in APAC (US$ Million), 2016-2021
    • Table Health & Wellness consumer benefit attribute analysis in APAC (US$ Million), 2016-2021
    • Table Leading Distribution Channels in the APAC region by countries (US Million), 2016
    • Table Volume (Units) Growth by Packaging Material (2011-2021)
    • Table Volume (Units) Growth by Container Type (2011-2021)
    • Table Volume (Units) Growth by Closure Type (2011-2021)
    • Table Volume (Units) Growth by Outer Type (2011-2021)
  • About Global Data

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