Asia-Pacific Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$3450
Buy Report View Sample

Published: April 20, 2023 Report Code: GDCG230002RS-ST

Select Item

APAC Food Market Overview

The APAC food market was the largest regional market in the global food market being valued at $1.6 trillion in 2022. The Asia-Pacific food industry is expected to grow at a CAGR of more than 5% during the period 2022-2027.

APAC Food Market Outlook, ($ Trillion, 2022)

APAC Food Market Outlook, ($ Trillion, 2022)

For more insights on the APAC food market report overview, download a free sample

The APAC food market report provides an overview of the current food industry scenario regarding the outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Market size 2022 $1.6 Trillion
CAGR % >5%
Review Period 2017-2022
Forecast period 2023-2027
Key Categories ·       Meat

·       Bakery & cereals

·       Dairy & soy food

·       Oils & fats

·       Fish & seafood

·       Others
Key Countries ·       Japan

·       China

·       Thailand

·       Philippines
Key Distribution Channel ·       Hypermarkets & Supermarkets

·       Food & Drinks Specialists

·       Convenience Stores

·       E-retailers

·       Others
Key Packaging Materials ·       Flexible Packaging

·       Rigid Plastics

·       Paper & Board

·       Rigid Metal

·       Glass
Key competitors ·       Yili Group

·       China Agri-Industries Holdings Limited

·       Wilmar International

·       China Mengniu Dairy Co

·       Nestlé

·       Artisanal Producers
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

APAC Food Market, Segmentation by Countries

Based on the relative performance of countries on multiple metrics, Japan, China, Thailand, and the Philippines were shortlisted as high-potential countries, primarily due to their large food industries, projected high-value growth, and rising per capita value levels. Among these high-potential countries, China accounted for the largest market share of the Asia-Pacific food industry in 2022. Over 2022–27, Japan is expected to register the fastest value CAGR of more than 6%, and the Philippines will record the fastest volume CAGR of over 5%.

APAC Food Market, By Countries, 2022 (%)

APAC Food Market, By Countries, 2022 (%)

For more regional insights on the APAC food market, download a free sample

APAC Food Market, Segmentation by Categories

The key categories in the APAC food market are meat, bakery & cereals, dairy & soy food, oils & fats, fish & seafood, and others. In 2022, the meat sector accounted for the highest value share, followed by dairy & soy food. Additionally, bakery & cereals is expected to register the fastest value growth over 2022–27, and dairy & soy food will register the fastest volume CAGR over the same period.

APAC Food Market, by Categories, 2022 (%)

APAC Food Market, by Categories, 2022 (%)

For more category insights on the APAC food market, download a free sample

APAC Food Market, Segmentation by Distribution Channels

The key distribution channels in the APAC food market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, e-retailers, and others. was the dominant distribution channel in the Asia-Pacific food industry in 2022, followed by food & drinks specialists.

APAC Food Market, by Distribution Channel, 2022 (%)

APAC Food Market, by Distribution Channel, 2022 (%)

For more distribution channel insights on the APAC food market, download a free sample

APAC Food Market, Segmentation by Packaging Material

The key packaging materials in the APAC food market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. Flexible packaging was the most used pack material for food products in the Asia-Pacific in 2022, followed by rigid plastics.

Additionally, Bag/sachet was the most used pack type in 2022, followed by pillow pouch.

APAC Food Market, by Packaging Material, 2022 (%)

APAC Food Market, by Packaging Material, 2022 (%)

For more packaging materials insights on the APAC food market, download a free sample

APAC Food Market - Competitive Landscape

Some of the key brands in the APAC food market are Yili Group, China Agri-Industries Holdings Limited, Wilmar International, China Mengniu Dairy Co., Nestlé, and Artisanal Producers among others. The Yili Group held the highest value share in 2022. The company offers products in the dairy & soy food and ice cream sectors. The second leading company is China Agri-Industries Holdings Limited (COFCO).

The food industry in the Asia-Pacific was highly fragmented in 2022, with the top five companies accounting for more than 5% share of the region’s overall value sales. Private labels also held a significant value share in the overall Asia-Pacific food industry in 2022.

APAC Food Market, by Brands, 2022 (%)

APAC Food Market, by Brands, 2022 (%)

To know more about key competitors in the APAC food market, download a free sample

Segments Covered in the Report

APAC Food Market Outlook, Segmentation by Categories (Value, 2017-2027, $ Trillion)

  • Meat
  • Bakery & cereals
  • Dairy & soy food
  • Oils & fats
  • Fish & seafood
  • Others

APAC Food Market Outlook, Segmentation by Country (Value, 2017-2027, $ Trillion)

  • Japan
  • China
  • Thailand
  • Philippines

APAC Food Market Outlook, Segmentation by Distribution Channels (Value, 2017-2027, $ Trillion)

  • Hypermarkets & supermarkets
  • Food & drinks specialists
  • Convenience stores
  • E-retailers
  • Others

APAC Food Market Outlook, Segmentation by Packaging Material (Value, 2017-2027, $ Trillion)

  • Flexible Packaging
  • Rigid Plastics
  • Paper & Board
  • Rigid Metal
  • Glass

Scope

The report provides an overview of the current food industry scenario regarding the outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview across five regions – Asia-Pacific, Middle East & Africa, APAC, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Key Highlights

  • Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a 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 for growth within the industry in the region.

  • The report provides a detailed analysis of the 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 that can help companies in revenue expansion.

  • To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates.

Reasons to Buy

  • Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a 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 for growth within the sector in the region.

  • The report provides a detailed analysis of the 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 that 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.

Yili Group
China Agri-Industries Holdings Limited (COFCO)
Wilmar International

Table of Contents

  • 1. Executive Summary

  • 2. Part 1: Market Environment

    • 2.1. Market Size Analysis – Asia-Pacific Compared with Other Regions

    • 2.2. Value and Volume Growth Analysis by Region

    • 2.3. Growth Analysis of Asia-Pacific Market by Country

    • 2.4. Growth Analysis of Asia-Pacific Market by Sector

  • 3. Part 2: High-Potential Countries Analysis

    • 3.1. Methodology – Identifying High-Potential Countries

    • 3.2. Top Four High-Potential Countries in the Asia-Pacific

    • 3.3. Overview of High-Potential Countries in the Asia-Pacific

    • 3.4. Growth Contribution Analysis by Country (1/3)

    • 3.5. Growth Contribution Analysis by Country (2/3)

    • 3.6. Growth Contribution Analysis by Country (3/3)

    • 3.7. Value Share Analysis of Food Sectors

    • 3.8. Change in Consumption Levels by Country and Sectors

    • 3.9. Per Capita Consumption Analysis

    • 3.10. Per Capita Expenditure Analysis

  • 4. Part 3: Country Deep Dive

    • 4.1. Japan: Overview of Food Industry

    • 4.2. Japan: Demographic Analysis

    • 4.3. Japan: Market Size Analysis of Top 10 Cities

    • 4.4. Japan: Market Size Analysis of Top 10 Cities by Sector

    • 4.5. Japan: Key Trends in Food Industry

    • 4.6. China: Overview of Food Industry

    • 4.7. China: Demographic Analysis

    • 4.8. China: Market Size Analysis of Top Three Cities

    • 4.9. China: Market Size Analysis of Top Three Cities by Sector

    • 4.10. China: Key Trends in Food Industry

    • 4.11. Philippines: Overview of Food Industry

    • 4.12. Philippines: Demographic Analysis

    • 4.13. Philippines: Market Size Analysis of Top 10 Cities

    • 4.14. Philippines: Market Size Analysis of Top 10 Cities by Sector

    • 4.15. Philippines: Key Trends in Food Industry

    • 4.16. Thailand: Overview of Food Industry

    • 4.17. Thailand: Demographic Analysis

    • 4.18. Thailand: Key Trends in Food Industry

  • 5. Part 4: Success Stories

    • 5.1. About Success Stories

    • 5.2. Case Study: Meiji’s ChocoKoka Cacao Ice Cream

    • 5.3. Case Study: Ramen Way Fans by The JML GROUP

    • 5.4. Case Study: Century Pacific Food’s unMEAT plant-based range

  • 6. Part 5: Competitive Environment

    • 6.1. Leading Companies’ Shares in the Asia-Pacific Food Industry

    • 6.2. Brand Share Analysis of Top Five Companies

    • 6.3. Leading Companies in the Asia-Pacific Food Industry

    • 6.4. Leading Brands in the Asia-Pacific Food Industry

    • 6.5. Private Label Penetration in the Asia-Pacific Food Industry

  • 7. Part 6: Health & Wellness Analysis

    • 7.1. Value Share Analysis of Health & Wellness Market

    • 7.2. Health & Wellness Market Growth Analysis by Country

    • 7.3. Key Product Attributes and Consumer Benefits

    • 7.4. Leading Health & Wellness Companies by Sector

  • 8. Part 7: Distribution Analysis

    • 8.1. Leading Distribution Channels by Country

    • 8.2. Leading Distribution Channels by Sector

  • 9. Part 8: Packaging Analysis

    • 9.1. Growth Analysis by Key Pack Material and Pack Type

    • 9.2. Growth Analysis by Closure Type and Primary Outer Type

  • 10. Part 9: Challenges and Future Outlook

    • 10.1. Key Challenges in the Asia-Pacific Food Industry

    • 10.2. Future Outlook of the Asia-Pacific Food Industry

  • 11. Appendix

  • 12. Definitions

  • 13. About GlobalData

Frequently asked questions

Asia-Pacific Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027 thematic reports
Currency USD
$3,450

Can be used by individual purchaser only

Most Popular
$6,900

Can be shared by unlimited users within one corporate location e.g. a regional office

$10,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Asia-Pacific Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Food reports
Consumer
New
Tobacco and Tobacco Products Packaging Industry Trends, Opportunities, Growth Analysis…
$2,450 | November 2023
Consumer
New
Non-Alcoholic Beverages Packaging Industry Trends, Opportunities, Growth Analysis and Forecast…
$2,450 | November 2023
Consumer
New
United States Confectionery Market Assessment by Categories, Distribution, Packaging, Consumergraphics…
$875 | November 2023
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Asia-Pacific Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027 in real time.

  • Access a live Asia-Pacific Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more