The Drinks segment in Japan registered Market value of USD 66,055.08 Millions in 2023
The indicator recorded a historical decline (CAGR) of 6.38% between 2020 to 2023, and is expected to decline by...
GlobalData projects the indicator to grow at a CAGR of...
Drinks industry in Japan
Hot drinks industry in Japan
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks.
The Japanese hot drinks market registered strong growth during the review period (2016-2020). The growth of the market is expected to decelerate over the forecast period (2020-2026).
The market is driven by the changing lifestyle, increasing demand for healthy ingredients, and influential trends for new exotic and ethnic flavors. With the rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly.
Soft drinks industry in Japan
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The total market volume for soft drinks market excludes powder concentrates, which are included in the market value.
The Japanese soft drinks market registered a weak growth during the review period (2015-2020). The growth of the market is expected to decline over the forecast period (2019-2026).
Changing consumer preferences from sugary drinks to healthier drinks affected the growth of soft drinks market in the review period. Furthermore, unstable economic conditions also impacted the growth of soft drinks market. On the other hand, this trend created an opportunity for manufacturers to launch healthier drinks with organic ingredients, to attract a new customer base.
Category segmentation
Hot coffee is the largest segment of the hot drinks market in Japan, accounting for the largest share in the hot drinks market's total value.
The Hot tea segment accounts for the second-largest share in the hot drinks market.
Iced/rtd coffee drinks are the largest segment of the soft drinks market in Japan, accounting for the largest share in the soft drinks market's total value.
The Iced/rtd tea drinks segment accounts for the second-largest share in the soft drinks market.
Who are the leading players in the Japanese hot drinks market?
Ajinomoto Group
UCC Ueshima Coffee Co Ltd
Who are the leading players in the Japanese soft drinks market?
Coca-Cola
United States of America
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Germany
China
United States of America
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