The Market value (retail sales value) of Milk Industry in Japan attained a value of USD 7,848.62 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.23% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The milk industry in Japan recorded a single-digit YoY growth in 2020, and a single-digit Compound Annual Growth Rate (CAGR) between 2017-20. In 2020, per capita consumption of milk in Japan was higher than regional & global level. The growth came about as the population grew concerned about health & wellness during the pandemic. The COVID-19 pandemic has focused consumers’ attention on the state of their health, and thereby what they can do to protect themselves.
Meiji Holdings, Megmilk Snow Brand, Morinaga Milk, Takanashi Milk Products, and Yatsugatake Milk held the top five leading market positions in milk industry in Japan. The top five players held a significant market share in the milk industry in Japan in 2020.
Meiji, Snow Brand, Morinaga, Takanashi, and Yatsugatake were the leading brands in the milk industry.
Milk products include all types of dairy milk including flavoured and unflavoured milks, long life milk, condensed milk, buttermilks, milkshake drinks, and excludes soy milks and rice milks and yoghurt based smoothie/"thickie" drinks.
Meiji Holdings leads the milk industry in Japan in 2020
Meiji Holdings was the leading company in the Japanese milk market (by value) in 2020. Among the brands selling milk products in Japan, Meiji brand, the flagship brand of Meiji Holdings, was the largest market share holder.
Megmilk Snow Brand ranked second in milk industry in Japan
Megmilk Snow Brand was the second largest company in the Japanese milk market (by value) in 2020. Snow Brand, one of the prominent brands selling milk items in Japan, operates under the trademark of Megmilk Snow Brand.
The other leading market positions in milk market in Japan were held by Morinaga Milk, Takanashi Milk Products, and Yatsugatake Milk
Morinaga Milk, Takanashi Milk Products, and Yatsugatake Milk were among some of the other prominent companies in the Japanese milk market, owning flagship brands Morinaga, Takanashi, and Yatsugatake, respectively.
Market Fragmentation: The top two players accounted for more than a quarter of the Japanese milk market (by value) in 2020
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