The Japan canned food market is evaluated at US$5, 865.084 million for the year 2021 growing at a CAGR of 4.28% reaching the market size of US$7, 865.179 million by the year 2028.
Canned food is food items preserved in an airtight container for extending their shelf-life. Such food items come in various varieties such as fruits, vegetables, meat, and seafood among others, all of which contain more amount of nutrition than fresh food. The booming food culture in Japan coupled with shifting climate patterns and improved disposable income has provided a positive scope to the market demand for canned food items in the country. Moreover, a high population is expected to propel the food demand thereby adding to the overall market growth. According to the World Bank, in 2022, Japan’s population stood at 125, 124, 989.Moreover, the well-established presence of major canned food providers in Japan such as Hagoromo Food Corporation which has 24 branches office across Japan and deals in canned tuna as well as sweet corn are acting as an additional driving factor. Furthermore, growing demand for seafood, adoption of a healthy lifestyle coupled with investments to enhance canned food production especially seafood are further augmenting the overall market growth.
Growing Shift Towards Processed Food Is Propelling Market Growth
Canned foods are processed and sealed in an airtight container to preserve their quality and nutritional content. Such processed food type has a higher convenience rate, and availability and are mostly pre-cooked owing to which they save a lot of cooking time. The growing shift towards processed food consumption is expected to prove a major boost to the market demand for canned food in Japan. For instance, according to the USDA, in 2021, the production value of Japan’s canned food stood at US$1.66 billion and as per the same source, processed meat accounted for 3.03% whereas other processed food items held 7.26% of the overall production value of Japan’s food processing sectorMoreover, Japan is also witnessing an increase in its frozen seafood consumption which is further expected to positively impact the market scope. For instance, according to March 2023, “Seafood Market Update” report of USDA, Japan’s frozen seafood consumption witnessed a 13% increase in 2021 whereas the sales of frozen meals reached US$8.21 billion between 2019 and 2021 thereby signifying an increase of 8.5%.
Increasing demand for Canned fish/Seafood
One of the pivotal drivers in the overall future market expansion of canned food market in Japan for the canned fish/seafood segment is the high consumption of fresh as well as preserved or frozen seafood in Japan, which is strongly projected to raise the demand for canned fish/seafood in the country, thereby increasing the market potential of the same. For instance, as per the 2021 Frozen Seafood Market by the Ministry of External Affairs, Government of India, Japan seafood product consumption in 2020 was about 45 kgs per capita, which exceed well beyond the 20.5 kg per capita consumption of the world during the same year.Apart from the high seafood-based product consumption, the innovative packaging of cans used for seafood in Japan is also a crucial factor in propelling the market growth rate. For instance, as per the 2021 release by the government of Japan, regional brand “Ca va?” which is a pun for the Japanese word saba meaning mackerel came with a stylish packaging design and till date, around 10 million canned mackerel products have been sold to the consumers.
Segmentation:
By Type
- Canned Fish/Seafood
- Canned Meat Products
- Canned Fruits
- Canned Vegetables
- Other Canned Foods
By Distribution Channel
- Online
- Offline
- Supermarket/Hypermarket
- Convenience Store
- Other
By Province
- Tokyo
- Hokkaido
- Chiba
- Osaka
- Hyogo
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. JAPAN CANNED FOOD MARKET, BY TYPE
6. JAPAN CANNED FOOD MARKET, BY DISTRIBUTION CHANNEL
7. JAPAN CANNED FOOD MARKET MARKET, BY PROVINCE
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- Hagoromo Food Corporation
- Kagome Co. Ltd
- Okinawa Hormel Ltd.
- KYOKUYO CO. LTD
- Nissui Corporation
- Maruha Nichiro Corporation
- Dole Packaged Foods LC
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | October 2023 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 5865.08 Million |
Forecasted Market Value ( USD | $ 7865.18 Million |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Japan |
No. of Companies Mentioned | 7 |