Growth of the Frozen Food Market Driven by Stay-at-Home Demand
First written in FY2021-Q2. 6 of 16 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2023: 5 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2027-H1Market trends updatedAnnual report
「The Food Products and Food Service markets both posted growth rates above the previous year. First, the frozen-food market and its Chinese category continued to grow year on year, driven by expanded demand in response to recent price increases and expanded shelf space at mass retailers and other stores. In particular, the Chinese category market expanded across a broad range of products, including the frozen gyoza that is the Company's core product, as well as shumai and xiaolongbao.」
It updated its assessment to reflect continued year-on-year growth in the frozen-food market and frozen-food Chinese category, driven by higher demand due to rising prices and expanded shelf space, with market expansion spreading beyond gyoza to shumai and xiaolongbao. - FY2026-H1Market trends updatedAnnual report
「Regarding market trends in our core businesses, the frozen food market and frozen food Chinese category continued to post growth rates above the previous year, supported by price revisions. The foodservice market also grew above the previous year, as inbound demand increased and higher average spending per customer following price revisions continued.」
Described above-year-ago growth in the frozen food and frozen food Chinese categories, along with the impact of price revisions. Updated the outlook to reflect above-year-ago growth in the foodservice market, driven by inbound demand and higher average spending per customer following price revisions. - FY2025Market trends updatedAnnual report
「Regarding market trends in our core businesses, the frozen food market and Chinese category remained firm above the previous year. The foodservice market also exceeded the previous year, supported by recovery from the COVID-19 pandemic and inbound demand.」
Updated the full-year market outlook to reflect performance above the previous year not only in the frozen food market and Chinese category, but also in the foodservice market, supported by inbound demand. - FY2025-H1RestatedAnnual report
「Regarding market trends in our core businesses, the frozen food market and frozen food Chinese category continued to post growth rates above the previous year. In the foodservice market, although record-high temperatures led people to refrain from going out, tourism demand, particularly inbound demand, remained strong, and the market is on a recovery trend.」
Reconfirmed above-year-ago growth in the frozen food and frozen food Chinese categories, and the foodservice market's recovery trend driven by inbound tourism demand despite reduced outings due to extreme heat. - FY2025-Q1Market trends updatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market and the frozen Chinese food category continued to post growth rates exceeding the previous year's levels. The food service market was also on a recovery trend, supported by strong tourism demand, particularly inbound tourism.」
The Company updated its view that the frozen food market and frozen Chinese food category were posting growth rates exceeding the previous year's levels, while the food service market was on a recovery trend supported by tourism demand, particularly inbound tourism. - FY2024Market trends updatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market and the Chinese food category exceeded the previous year's levels and remained firm. The food service market also showed steady recovery as foot traffic recovered.」
The Company reported that the frozen food market and Chinese food category were exceeding the previous year's levels, while the food service market was recovering steadily as foot traffic recovered. - FY2024-Q2RestatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market and the Chinese food category exceeded the previous year's levels and remained firm.」
The Company reaffirmed its view that the frozen food market and the Chinese food category were exceeding the previous year's levels and remaining firm. - FY2024-Q1Market trends updatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market and the Chinese food category exceeded the previous year's levels and remained firm.」
The Company updated its market view that, in addition to the frozen food market, the Chinese food category was also exceeding the previous year's level and remaining firm. - FY2023-Q3RestatedAnnual report
「The frozen food market as a whole remains firm, but competition in the frozen gyoza category has intensified as competing companies enter the market.」
The Company reaffirmed its view that the frozen food market remained firm, while also noting intensifying competition in the frozen dumpling category. - FY2023-Q1Market growth updatedAnnual report
「The frozen food market continued to grow faster than the previous year, with the frozen dumpling category in particular maintaining a growth rate exceeding that of the overall frozen food market.」
The Company stated that the frozen food market continued to grow above the previous year's level and that the frozen dumpling category maintained a growth rate exceeding that of the overall market. - FY2022RestatedAnnual report
「The frozen food market has been growing steadily amid expanding demand for home-delivered meals, while the food service market has not yet returned to pre-pandemic levels.」
The Company reaffirmed its view that the frozen food market was growing on the back of demand for home-delivered meals, while the food service market had not yet recovered. - FY2022-Q3RestatedAnnual report
「The frozen food market has been growing steadily amid expanding demand for home-delivered meals, while」
The Company reaffirmed its recognition that the frozen food market was growing steadily against a backdrop of expanding demand for home-delivered meals. - FY2022-Q2Frozen food market growth rate updatedAnnual report
「The frozen food market continued to grow steadily amid expanding demand for home-delivered meals, increasing 116.8% year on year in August (Nikkei POS data, frozen prepared foods category).」
The market size of the frozen prepared foods category reached 116.8% of the previous year's level in August 2021, updating the market's growth driven by demand for home-delivered meals. - FY2022-Q1Recovery after the pullback in demand for home-delivered mealsAnnual report
「First, in the food market, growth in April turned negative by approximately 10% year on year for the first time in 18 months, due to a pullback from the sharp expansion in demand for home-delivered meals during the initial state of emergency the previous year. However, growth returned to positive 4% in May (Nikkei POS data, frozen prepared foods category), and the market continued to perform well.」
The frozen prepared foods market declined by approximately 10% year on year in April due to a pullback from the sharp expansion in demand for home-delivered meals the previous year, but returned to positive 4% growth in May and continued to perform well. - FY2021-Q3RestatedAnnual report
「Meanwhile, demand for eating and drinking at home remained strong, and demand for frozen and retort-packaged foods, which can be stored for long periods and prepared easily, continued to perform well.」
The Company reaffirmed that demand for eating and drinking at home and for frozen and retort-packaged foods, which offer long shelf lives and easy preparation, continued to perform well. - FY2021-Q2First statedAnnual report
「Demand for eating and drinking at home remained strong, and demand for frozen and retort-packaged foods, which can be stored for long periods and prepared easily, remained firm.」
Against a backdrop of stay-at-home demand for food and beverages during the COVID-19 pandemic, the Company stated that demand for frozen and retort-packaged foods, which offer long shelf lives and easy preparation, remained firm.