Home Meal Replacement (HMR) products have received increasing attention in the food industry of Korea due to their convenience and cost-effectiveness to support nutrition for an aging population. However, a decision-making framework that can identify an elderly-friendly HMR has not been sufficiently discussed in the literature. As a response, this study proposes an evaluation framework that can properly measure the elderly-friendliness of HMR products. First, elderly food attributes were examined to define main evaluation criteria and sub-criteria for elderly-friendly HMRs. Then, a scoring scheme based on a Likert scale was defined for the evaluation score of each criterion. Finally, Analytic Hierarchy Process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) was employed to derive the total elder-friendliness score of each HMR alternative. The proposed framework was applied to evaluate the elderly-friendliness of commercial HMR products in Korea.