Japan Foodservice Market 2020 With COVID-19 Impact Analysis, Business Opportunities and Future Outlook 2024 | McDonald's, Yum! Brands, Starbucks Corporation, ZENSHO HOLDINGS Co., Ltd, Saint Marc Cafe Holdings
The Japan foodservice market is forecasted to grow at a CAGR of 6.3% during the forecast period (2019 - 2024).
The scope of the market includes Japan foodservice, such as full-service restaurant, self-service restaurant, fast food, street stall and kiosk, cafe and bar and 100% home delivery restaurant. By structure, the market is segmented as Independent consumer, foodservice and chained consumer food service.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
McDonald's, Yum! Brands, Starbucks Corporation, ZENSHO HOLDINGS Co., Ltd, Saint Marc Cafe Holdings, Mister Donut, MOS Burger
Key Market Trends-
Increase in Overseas Visitors to Japan
Increasing inbound tourism in Japan is majorly driving Japan's foodservice market. Japanese foodservice industries are increasingly offering international cuisines, for domestic as well as the international population. A comparatively weaker yen, making imported food cost more but also resulting in an increased in the quantity of arriving foreign tourists. After full-service restaurants, tourist prefers visiting Cafe and Bars in Japan. Traditional Japanese bars has got a strong presence across the country, which attracts the tourist. Global fast-food corporations like McDonalds and Starbucks Corporation attracts tourist towards itself as they provide their original taste all over the world, but the majority of tourist enjoy having local food, thus contributing to local foodservice market in the country. By source, Japan National Tourism Organization, the graph indicates the rate of annual tourism in Japan.
Full-Service Restaurant is the largest Market
High commercial earning and steady growth of employment in Japan, consumers have a preference to dine outside. The Japanese food industry produces a variety of foods, like traditional Japanese food, international food, health-oriented food for all demographics. The frequency of dining outside is different for both the genders, as male consumers visit all types of full-service restaurants more frequently than females consumers. Whereas, the age of the consumers also affects the market, as 18- to 24-year-olds claimed the highest average monthly dining-out frequency, followed by a 25- to 34-year-old population. Fast food, Cafe and Bar and 100% Home Delivery Restaurants can lead to being a threat to full-service restaurants in the coming future.
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The Japan foodservice market is highly fragmented market and it is mostly dominated by the local players. Independent outlets gain more market share due to an increased priority for locally sourced food and ingredients. Foodservice operators are always interested in products that offer better quality in one form or another. Most local products have a demonstrably better track record than competitors on safety issues or the quality is more consistent.
Major points covered in this research are:-
─Foodservice Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers
─Japan Market Size (Value) of Foodservice (2019-2024)
─Japan Foodservice Capacity, Production, Revenue (Value), Supply (Production), ─Consumption, Export, Import by Region (2019-2015)
─Japan Foodservice Production, Revenue (Value), Price Trend by Type
─Japan Foodservice Market Analysis by Application
─Japan Foodservice Manufacturers Profiles/Analysis
─Foodservice Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Japan Foodservice Market Forecast (2019-2024)
─Research Findings and Conclusion
Finally, this Foodservice report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Foodservice product development and gives an outline of the potential Japan market
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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