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Meiji Holdings Co., Ltd. - Statistics & Facts

Meiji Holdings Co., Ltd. is a Japanese food manufacturer with headquarters located in Tokyo. Established as a confectionery company under the name Tokyo Confectionery Co., Ltd. in 1916, the company branched out into the pharmaceutical business, while expanding the food segment further into the dairy industry. Following the restructuring in 2011, the parent company tasked Meiji Co., Ltd. with its food-related operation, while Meiji Seika Pharma Co., Ltd. took over the pharmaceutical segment, growing into a market leader in generics manufacturing.
Nonetheless, the food business represents the holding company’s largest revenue source, encompassing dairy products, processed foodstuff, infant food, and chocolate confectionery. The fresh and fermented dairy products contributed the largest share towards Meiji’s net sales in the foodstuff segment, establishing the company as a leading dairy corporation in the global market.
Furthermore, Meiji is well-known as a major confectionery manufacturer in Japan, with the focus lying on the production of chocolate. Its portfolio encompasses filled and covered products, as well as bean to bar chocolate. At the forefront stands the in-house brand ‘meiji THE Chocolate’.

The food manufacturing industry is one of the largest in Japan, with the second highest number of establishments operating within the manufacturing sector. The industry leaders emerged predominantly from the alcoholic beverage industry, with breweries expanding their businesses into food processing. Prominent examples include, among others, Asahi Group Holdings Co., Ltd. producing convenience food and Kirin Holdings Co., Ltd. entering the health food market through affiliated companies.
Other major manufacturers like Meiji or Ezaki Glico Co., Ltd. entered as confectionery companies and expanded their businesses into the production of processed and convenience food.

Even though Japan is known for its lively foodservice sector offering freshly prepared meals, the shift of the Japanese lifestyle towards long working hours coupled with less time spent at home favored a growing packaged ready-meal market. In particular, frozen food products are gaining in popularity among consumers, with a survey revealing that the majority consume frozen food at least two to three times a month.

To address the growing health consciousness among consumers in Japan, major food manufacturers are entering the domestic health food market. Meiji Holdings expanded their dairy line-up to include functional products targeted at elderly people. And to appeal to the snacking habits of adult consumers, the confectionery company marketed chocolate with high cocoa content for its health benefits.
Driven by the demand for a healthier lifestyle without the need to change current consumption habits, the sales of packaged food in the Japanese health and wellness market was forecasted to grow continuously in the future, exceeding 20 billion U.S. dollars from 2021 onwards.

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