Japan Canned Food Market Insights Forecasts to 2032
- The Japan Canned Food Market Size was valued at USD 6.91 Billion in 2022.
- The Market is growing at a CAGR of 8.55% from 2022 to 2032.
- The Japan Canned Food Market Size is expected to reach USD 15.7 Billion by 2032.
- Japan is expected to grow the fastest during the forecast period.
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The Japan Canned Food Market Size is expected to reach USD 15.7 Billion by 2032, at a CAGR of 8.55% during the forecast period 2022 to 2032.
The canned food industry in Japan is broad and varying. The canning process was introduced to Japan roughly 150 years ago by a Frenchman who shared the technology for canning sardines in oil with the Japanese. In this nation, canned food was traditionally used as emergency rations or as a go-to source for specific preserved goods like tuna or fruit. However, canned foods are being consumed in whole new ways in Japan. Japan now produces 67% of the world's total canned food variety. Fruit and vegetables, as well as meats, sauces, and soups, are among the canned items exported worldwide. Japan's canned options are as broad, but may appear to Western consumers to be a little stranger. Canned curry sauce, as well as traditional Japanese meals such as canned beef bowl, dashimaki tamago Japanese omelet, and buta no kakuni stewed pork, are popular. The variety of canned food products available in Japan is frequently displayed in designated sections of supermarkets and department shops; there are specialty canned goods stores and even a chain of canned-food bars where customers may mix their favorite canned food with drinks.
This research report categorizes the market for Japan Canned Food 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 Canned Food 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 Canned Food Market.
Japan Canned Food Market Report Coverage
|Market Size in 2022:||USD 6.91 Billion|
|Forecast Period 2022-2032 CAGR:||8.55%|
|2032 Value Projection:||USD 15.7 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Type, By Product Type, By Distribution Channel, Country Statistics (Demand, Price, Growth, Competitors, Challenges), COVID-19 Impact Analysis|
|Companies Covered:||Kobe Bussan Co., LTD, Ot Group Co., Ltd., Zuki Fantasy Shop LLC, KUHARA CO., LTD., Euroasia F&b. Kk, Ajinomoto Co., Inc., J & C Corporation, Suntory Holdings Limited, Kries Trading Inc., Leo Farrm, Kikkoman Corporation, ASAHI & Co., Ltd., Petsun Co., Ltd, TOYOTA TSUSHO FOODS CORPORATION, Matsui Co., Ltd., Kincan Foods Co., and Ltd.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The canned food business in Japan is wide and diverse. There are approximately 800 different types of canned meals on the marketplace today. With nearly 93,000 tons of canned fish items created in 2021, seafood products account for the vast majority of canned food production in Japan. In addition, canned foods are chosen more since they are readily accessible on supermarket shelves and are a significant element of many people's diets, which will contribute to the expansion of the canned food market in Japan. Furthermore, the production of high-quality and creative canned food products is a significant development that has attracted increased attention in Japan in the past few years. Additionaly, as more high-quality canned foods become available, demand will rise, boosting the industry. Moreover, investments and new product introductions by several key players will drive growth in the Japan canned food market over the forecast period. Other than that, the rapid increase in the overall number of large retail stores in Japan, including hypermarkets/supermarkets and e-commerce channels, supports the country's demand for canned food goods.
- In 2022, the organic canned food segment is witnessing a higher growth rate over the forecast period.
Based on the type, the Japan Canned Food Market is segmented into organic and conventional. Among them, the organic canned food segment is expected to develop at a faster rate over the projected period, as a result of an increase in customer preference for organic food items. Consumers have become more cautious of the food products they consume as a result of increased information and awareness about the harmful effects of synthetic chemicals on health. This is anticipated to result in a considerable increase in the market for organic canned foods in Japan.
- In 2022, the canned fish/seafood segment accounted for the largest revenue share of more than 47.8% over the forecast period.
On the basis of product type, the Japan Canned Food Market is segmented into canned fish/seafood, canned meat products, canned fruits, canned vegetables, and other canned foods. Given the multiple health benefits linked with it, the canned fish/seafood sector is dominating the market with the largest revenue share of 47.8% over the projection period. Fish and sea delicacies, crabs, clams, and other water creatures provide a highly nutritious and diverse source of protein. Various food businesses and restaurants use canned fish/seafood to add an authentic flavor. Numerous food businesses and restaurants use canned fish/seafood to add an authentic flavor. Because of its distinct and flavorful flavor, canned seafood is often used in a variety of culinary preparations such as sushi, fish salads, and sandwiches. To meet the increased demand for canned seafood, various producers are expanding their production capacity.
- In 2022, the supermarket/hypermarket accounted for the largest revenue share of more than 59.2% over the forecast period.
On the basis of distribution channel, the Japan Canned Food Market is segmented into online, offline, supermarket/hypermarket, convenience stores, and others. Among these, the supermarket/hypermarket segment is dominating the market with the largest revenue share of 59.2% over the forecast period. This can be attributed to it being the most commonly used distribution channel among customers because it offers a large selection of vital and non-essential products in addition to home products. Because of the wide variety of canned foods available in various brands and price ranges, supermarkets/hypermarkets improve the purchase experience of customers. Additionally, retailers are focused heavily on the creation of cutting-edge marketplaces and convenient retail places in order to provide consumers with the convenience of shopping at low costs.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Canned Food 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
- Kobe Bussan Co., LTD
- Ot Group Co., Ltd.
- Zuki Fantasy Shop LLC
- KUHARA CO., LTD.
- Euroasia F&b. Kk
- Ajinomoto Co., Inc.
- J & C Corporation
- Suntory Holdings Limited
- Kries Trading Inc.
- Leo Farrm
- Kikkoman Corporation
- ASAHI & Co., Ltd.
- Petsun Co., Ltd
- TOYOTA TSUSHO FOODS CORPORATION
- Matsui Co., Ltd.
- Kincan Foods Co., Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Canned Food Market based on the below-mentioned segments:
Japan Canned Food Market, By Type
Japan Canned Food Market, By Product Type
- Canned Fish/Seafood
- Canned Meat Products
- Canned Fruits
- Canned Vegetables
- Other Canned Foods
Japan Canned Food Market, By Distribution Channel
- Convenience Stores
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