New Market Report: Meiji Holdings Co Ltd in Packaged Food (World)
Meiji is a leading Japanese producer of packaged food. It remains heavily reliant on its domestic market for value sales. The recently announced exit from milk formula in China, however, reflects the challenges faced by foreign players attempting to break into that market. Thailand has emerged as a major target for investment, where Meiji is developing a strong dairy presence. The Japanese market continues to be framed by an ageing population leading to market contraction in core categories.
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