The Market value (retail sales value) of Food Industry in Japan attained a value of USD 200,892.88 Millions in 2020
The Industry recorded a historical growth (CAGR) of 4.69% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
Despite nationwide lockdown during the pandemic, Japan’s Food industry continued to grow in 2020. Japan’s food industry recorded a single-digit YoY growth in 2020, and a single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Meiji Holdings, Itoham Foods, Nichirei, Kitoku Shinryo, and Yamazaki Baking held the top five leading market positions in Japan’s Food industry.
Leading food brands in Japan included Meiji, Ito Ham, Nichirei, Yakult, and Yamazaki.
Food products include Bakery & Cereals, Confectionery, Dairy & Soy Food, Fish & Seafood, Ice Cream, Meat, Meat Substitutes, Oils and Fats, Other Canned food, Other Dried food, Other Frozen Food, Pasta & Noodles, Prepared Meals, Savory & Deli Foods, Savory Snacks, Seasonings, Dressings & Sauces, Soups, Syrups & Spreads, Beans & Pulses.
Meiji Holdings leads the Food market in Japan by value
Meiji Holdings was the leading company in the Japanese Food market in 2020. Meiji, R-1, LG21, Tokachi, and Chelsea are some of the prominent brands in Japan's food products under the trademark of Meiji Holdings. Among the brands, the Meiji brand contributed maximum sales by value.
Itoham Foods ranked second as a Food product seller by value
Itoham Foods was the second largest company in the Japanese Food market in 2020. The company owns Ito Ham, and Itoham brands in Japan tending to the Food needs of the population. Ito Ham brand was the biggest contributor to the company’s Food sales in Japan.
The other leading market positions in Japan’s Food market were held by Nichirei, Kitoku Shinryo, and Yamazaki Baking
Nichirei, Kitoku Shinryo, and Yamazaki Baking were among some of the other prominent companies in the Japanese Food market, owning brands such as Nichirei, and Yamazaki.
Market Fragmentation: No market player accounted for more than 5% of the Japanese Food market (by value) in 2020
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