Japan Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

“Japan Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by the publisher provides extensive insight and analysis of the Japanese Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Japanese foodservice profit sector generated total revenue of JPY15.7 trillion ($143.4 billion) in 2021, registering a negative CAGR of 11.8% from JPY29.5 trillion ($270.9 billion) in 2016. The decline was primarily due to the reduced number of transactions during 2016-21, recording a negative CAGR of 6.6%. Take-aways and deliveries played a crucial role in the foodservice sector due to convenience and digital and technological advancements. Chain operators dominate the profit sector. However, independent operators are expected to grow at a higher CAGR compared to chain operators in the coming years. Japan's profit sector is forecast to record growth at a CAGR of 13.0% during 2021-26.

The report includes:

• Overview of Japan's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Japanese foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within Japanese foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Japanese population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• QSR was the second-largest channel in the Japanese profit sector with a value share of 19.7% in 2021. The channel's sales declined slightly, registering a negative CAGR of 0.5% to reach JPY3.1 trillion ($28.3 billion) in 2021 from JPY3.2 trillion ($29.3 billion) in 2016.
• The number of transactions increased at a CAGR of 1.6% during 2016-21. The FSR channel accounted for value sales of JPY5.6 trillion ($50.8 billion) in 2021. The channel recorded a negative CAGR of 12.1% during 2016-21. The outbreak of COVID-19 led to the implementation of strict public restrictions, including the closure of many tourist locations.
• The coffee & tea shop channel was valued at JPY933.6 billion ($8.5 billion) in 2021. Suffering amid the pandemic, the channel recorded a negative CAGR of 5.9% during 2016-21. The growth of the channel was hampered by the closure of hotels, restaurants, coffee shops, and other public spaces.
• Pub, club & bar was the fourth-largest channel in the Japanese foodservice profit sector in 2021, accounting for 10% of the profit sector's sales in 2021. The channel's value sales totaled JPY1.6 trillion ($14.4 billion) in 2021, falling from JPY5.8 trillion ($53 billion) in 2016, registering a negative CAGR of 22.9% during 2016-21.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.