Market Research Report
Opportunities in the Asia-Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies
|Published by||GlobalData||Product code||509420|
|Published||Content info||96 Pages
Delivery time: 1-2 business days
|Opportunities in the Asia-Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies|
|Published: November 30, 2018||Content info: 96 Pages||
Global Prepared Meals sector was valued at US$86,943 million in 2017. Asia-Pacific emerged as the third-largest market in the global prepared meals sector in 2017, with a 25.5% value share and 18.6% volume share. The Asia-Pacific prepared meals sector registered a value CAGR of 4.4% during 2017-2022. An improving employment rate, rising urbanization levels, changing consumer preferences, and a growing female workforce are fueling the growth of prepared meals in the region.
Of all the categories, Ready Meals was the largest in the region, with value sales of US$17,121.3 million in 2017. The overall prepared meals sector in the Asia-Pacific region is fragmented with the top five brands - Marumiya, Amy's, Maruchan, Nichirei, and Katokichi - accounting for 24.1% of the market value in 2017. Private label held 5.9% share in the Asia-Pacific prepared meals sector in 2017.
The Health & Wellness (H&W) market in the Asia-Pacific prepared meals sector accounted for a 15.1% of overall values sales in the region. The rising awareness of lifestyle diseases such as obesity and the harmful effects of artificial additives is driving demand for prepared meals with 'low-fat/low-calorie' and 'no artificial additives' claims, in turn fueling the growth of prepared meals with H&W attributes.
"Opportunities in the Asia-Pacific Prepared Meals Sector", report brings together multiple data sources to provide a comprehensive overview of the region's prepared meals sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
This report brings together multiple data sources to provide a comprehensive overview of the prepared meals sector in the region. It includes analysis on the following -