Asia Pacific Ready-to-Eat Food Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Breakfast Cereals, Ready Meals, Instant Soups and Noodles, Snacks, Baked Goods & Confectioneries, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
The ready-to-eat food market in Asia Pacific is expected to grow from US$ 349.89 billion in 2021 to US$ 548.30 billion by 2028. It is estimated to grow at a CAGR of 6.7% from 2021 to 2028.
In recent decades, women's participation in workforces in different countries has increased tremendously. Such a significant rise in women's employment boosts the popularity of convenience food among working-class populations. These food products can be easily procured, stored, served, or eaten, thus proving convenient by saving time and physical energy. Additionally, a rise in the working women population has transformed people's eating habits.
In Asia, female labor force participation ranges from 16% in Afghanistan to 83% in Nepal, further growing in several other countries in the region. The female labor force across many countries in the region has increased exponentially. The growth in participation began at different points in time, and proceeded at different rates; nonetheless, the substantial and sustained growth in the participation of women in labor forces in rich countries remained a striking feature of economic and social developments in the 20th century. Thus, this factor is potentially contributing to the growth of the ready-to-eat food market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific ready-to-eat food market at a substantial CAGR during the forecast period.
Asia Pacific Ready-to-Eat Food Market Revenue and Forecast to 2028 (US$ Billion)
Asia Pacific Ready-to-Eat Food Market Segmentation
The Asia Pacific ready-to-eat food market is segmented on the basis of product type, distribution channel, and country. Based on product type, the market is segmented into breakfast cereals, ready meals, instant soups and noodles, snacks, baked goods & confectioneries, and others. In 2021, the others segment held a larger market share, and the ready meal segment is expected to register a higher CAGR during the forecast period.
Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. In 2021, the convenience stores segment held the largest market share, and the online retail segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. In 2021, the Rest of Asia Pacific held the largest market share, and India is expected to grow at the fastest CAGR during the forecast period.
Nestlé SA; Conagra Brands Inc.; The Kraft Heinz Company; General Mills Inc.; MTR Foods Pvt Ltd.; Hormel Foods Corporation; JBS S.A.; Tyson Foods, Inc.; and The Kellogg Company are a few leading companies in the Asia Pacific ready-to-eat food market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-Economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia Pacific Ready-to-Eat Food Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Asia Pacific Ready-to-Eat Food Market Dynamics
5.1 Market Drivers
5.1.1 Greater Preference for Convenience Food Among Millennials
5.1.2 Surge in Working Women Population
5.2 Market Restraints
5.2.1 Extending Risk of Microbial Contamination in RTE Products
5.3 Market Opportunities
5.3.1 Uplifting Innovations in RTE Products and Strategic Developments by Manufacturers
5.4 Future Trends
5.4.1 Fostering Consumer Inclination Toward Low-Fat, Low-Sugar, and Nutritious RTE Products
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Ready-to-Eat Food Market Analysis
6.1 Asia Pacific Ready-to-Eat Food Market Overview
6.2 Asia Pacific Ready-to-Eat Food Market – Revenue and Forecast to 2028
7. Asia Pacific Ready-to-Eat Food Market Analysis – by Product Type
7.1 Overview
7.2 Asia Pacific Ready-to-Eat Food Market, by Product Type (2021 and 2028)
7.3 Breakfast Cereals
7.3.1 Overview
7.3.2 Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Ready Meals
7.4.1 Overview
7.4.2 Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.5 Instant Soups and Noodles:
7.5.1 Overview
7.5.2 Instant Soups and Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.6 Snacks:
7.6.1 Overview
7.6.2 Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.7 Baked Goods and Confectioneries:
7.7.1 Overview
7.7.2 Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8. Asia Pacific Ready-to-Eat Food Market Analysis – by Distribution Channel
8.1 Overview
8.2 Asia Pacific Ready-to-Eat Food Market, by Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9. Asia Pacific Ready-to-Eat Food Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Ready-to-Eat Food Market, by Key Country
9.1.1.1 Australia: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.1.1 Australia: Ready-to-Eat Food Market, by Product Type
9.1.1.1.2 Australia: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.2 China: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.2.1 China: Ready-to-Eat Food Market, by Product Type
9.1.1.2.2 China: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.3 India: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.3.1 India: Ready-to-Eat Food Market, by Product Type
9.1.1.3.2 India: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.4 Japan: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.4.1 Japan: Ready-to-Eat Food Market, by Product Type
9.1.1.4.2 Japan: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.5 South Korea: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.5.1 South Korea: Ready-to-Eat Food Market, by Product Type
9.1.1.5.2 South Korea: Ready-to-Eat Food Market, by Distribution Channel
9.1.1.6 Rest of Asia Pacific: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
9.1.1.6.1 Rest of Asia Pacific: Ready-to-Eat Food Market, by Product Type
9.1.1.6.2 Rest of Asia Pacific: Ready-to-Eat Food Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Nestlé SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Conagra Brands Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 The Kraft Heinz Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 General Mills Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 MTR Foods Pvt Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Hormel Foods Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Tyson Foods, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 JBS S.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 The Kellogg Company
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. Australia Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
Table 3. Australia Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 4. China Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 5. China Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 6. India Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 7. India Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 8. Japan Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 9. Japan Ready-to-Eat Food Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Billion)
Table 10. South Korea Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)
Table 11. South Korea Ready-to-Eat Food Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Billion)
Table 12. Rest of Asia Pacific Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion
Table 13. Rest of Asia Pacific Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Ready-to-Eat Food Market Segmentation
Figure 2. Asia Pacific Ready-to-Eat Food Market Segmentation – by Country
Figure 3. Asia Pacific Ready-to-Eat Food Market Overview
Figure 4. Asia Pacific Ready-to-Eat Food Market, by Distribution Channel
Figure 5. Asia Pacific Ready-to-Eat Food Market, by Country
Figure 6. Asia Pacific Ready-to-Eat Food Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: Asia Pacific Ready-to-Eat Food Market
Figure 10. Asia Pacific Ready-to-Eat Food Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Asia Pacific Ready-to-Eat Food Market Revenue Share, by Product Type (2021 and 2028)
Figure 13. Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 14. Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Instant Soups And Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Asia Pacific Ready-to-Eat Food Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 20. Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Geographic Overview of Asia Pacific Ready-to-Eat Food Market
Figure 25. Asia Pacific: Ready-to-Eat Food Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. Australia: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. China: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. India: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Japan: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. South Korea: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Rest of Asia Pacific: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)
- Nestlé SA
- Conagra Brands Inc.
- The Kraft Heinz Company
- General Mills Inc.
- MTR Foods Pvt Ltd.
- Hormel Foods Corporation
- JBS S.A.
- The Kellogg Company
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific ready-to-eat food market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific ready-to-eat food market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the ready-to-eat food market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution