Japan Avocado Market Size, Insights Forecasts Report To 2032
- The Japan Avocado Market Size was valued at USD 228.9 Million in 2022.
- The Market is Growing at a CAGR of 4.28% from 2022 to 2032.
- The Japan Avocado Market Size is expected to reach USD 348.01 Million by 2032.
- Japan is expected to grow the fastest during the forecast period.
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The Japan Avocado Market Size is expected to reach USD 348.01 Million by 2032, at a CAGR of 4.28% during the forecast period 2022 to 2032. The growing popularity of high-nutrients food continues to boost the adoption of avocados in Japan. The rising trend of snacking is also expected to boost the Japan avocado market over the forecast period. In addition, rising urbanization, deployment of modern retail, and developments in the cold chain have increased product penetration.
The Japanese culture is well-known for its nutritious eating. The typical diet of the country is unrefined and fresh. It is low in processed components and sugar. The traditional Japanese diet is strong in seafood, vegetables, and soybean products, with a comparatively low intake of animal fat, meat, and dairy products. In addition, Japan has low instances of obesity, which can be attributed to the healthy lifestyle practices that the Japanese people have maintained over time, according to the World Health Organization. The populace is also regarded as being more physically fit than other populations around the world, both during organized exercise and in their daily lives.
This research report categorizes the market for Japan Avocado Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Avocado Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Avocado Market.
Japan Avocado Market Report Coverage
|Market Size in 2022:||USD 228.9 Million|
|Forecast Period 2022-2032 CAGR:||4.28% CAGR|
|2032 Value Projection:||USD 348.01 Million|
|Historical Data for:||2020 to 2022|
|No. of Pages:||120|
|Tables, Charts & Figures:||101|
|Segments covered:||By Type, By Form, By Distribution Channel, Country Statistics (Demand, Price, Growth, Competitors, Challenges)|
|Companies Covered:||• Interoleo Co., Ltd. • Royal Co Ltd. • Meiwa Co., Ltd. • Sumifru Japan Corporation • Timipere Allison • Hanwa Co., Ltd. • ITOCHU Corporation • AVOCADO OIL JAPAN, K.K.|
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The country's urban cities are home to 85% of the nation's overall population, showing the country's urban development. Furthermore, the country's higher revenue functions as an initiative, as it helps individuals to improve their cost of living and contribute to a healthy life. Additionally, avocados are quite popular in the realm of well-being and health since they are extremely nutritious and are frequently connected to a variety of health advantages. They are high in nourishment such as vitamin K, pantothenic acid (B5), and fiber, to name some of them. It is also good for the gastrointestinal tract since it promotes the formation of beneficial bacteria.
Despite the fact that avocado is a foreign fruit, it is extensively employed as a crucial ingredient in the creation of popular Japanese meals such as Sushi. In addition to this, the Japanese enjoy coffee. Japan's coffee tradition dates back to the mid-1800s. Avocado coffee is also popular in the entirety of the nation. Avocado is popular in Japan because it gives the beverage a creamy feel. In addition to being utilized as an ingredient, avocado oil is popular among the Japanese public due to its numerous dermatological advantages. It is commonly utilized as a component of essential oil formulations.
However, avocado production in Japan is non-existent or very poor. As a result, it is the leading importer of avocados in the East Asian region. Avocados are accessible in the local marketplace all year. According to UN Comtrade, Japan imported 77 tons of avocado in 2021.
- In 2022, the fresh avocado segment accounted for the largest revenue share of more than 67.8% over the forecast period.
On the basis of form, the Japan Avocado Market is segmented into fresh and processed. Among these, the fresh avocado segment is dominating the market with the largest revenue share of 67.8% over the forecast period. As a result of the increased demand for fresh fruit, Japanese firms are using innovative manufacturing technology. Fresh avocados' appeal among buyers can be due to rising fresh food consumption and ease of accessibility to the product in the local market. The significant amount of fiber in fresh form aids digestion, prevents constipation, maintains gastrointestinal system health, and lowers the risk of developing colon cancer.
- In 2022, the business-to-business (B2B) segment accounted for the largest revenue share of more than 61.8% over the forecast period.
On the basis of distribution channel, the Japan Avocado Market is segmented into business-to-business (B2B) and business-to-customer (B2C). Among these, the business-to-business (B2B) segment is dominating the market with the largest revenue share of 61.8% over the forecast period. The processing and food service industries are included in the B2B category. Avocado is becoming increasingly popular due to its nutritional qualities. End users are turning more and more to healthy cuisine offered in the form of salads, sandwiches, and nutritious chips such as avocado chips at restaurants and coffee shops as a result of growing health awareness, particularly among the youthful population. All of this, along with the overall health and leisure movement, is projected to stimulate demand for dietary supplements consisting of fresh avocados.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Avocado Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Interoleo Co., Ltd.
- Royal Co Ltd.
- Meiwa Co., Ltd.
- Sumifru Japan Corporation
- Timipere Allison
- Hanwa Co., Ltd.
- ITOCHU Corporation
- AVOCADO OIL JAPAN, K.K.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On March 2023, The Agronomy Federation of Yucatan announced that it has begun the process to export mamey, pitahaya, and avocado to Japan since current production volumes allow a container of these products to be sent at least every three months.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Avocado Market based on the below-mentioned segments:
Japan Avocado Market, By Type
- Hass Avocado
- Bacon Avocado
Japan Avocado Market, By Form
Japan Avocado Market, By Distribution Channel
- Business-to-Business (B2B)
- Business-to-Customer (B2C)
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