机构研究报告-Food retail in Japan-外文版培训课件

INDUSTRIES

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MARKETSFoodretailinJapanCHAPTER

01OverviewSalesvalueoffoodandbeveragesretailtradeinJapanfrom2014to2023(intrillionJapaneseyen)FoodandbeveragesretailsalesrevenueinJapan2014-2023605048.3845.5945.3145.3645.3345.5245.1845.1544.3944.5440302010020142015*201620172018201920202021202220233Description:In2023,thesalesvalueofthefoodandbeveragesretailindustryinJapanamountedtoaround48.4trillionJapaneseyen.Ediblesrepresentedamajorsegmentwithinthedomesticretailsector,coveringabroadrangeoffreshproduce,preparedmeals,andshelf-stablefood.ReadmoreNote(s):Japan;2014to2023;*Includingnon-storeretailersfrom2015onwards.

ꢀThesourcenotesthatduetoadjustmentsofcalculationstandards,figuresfrom2020onwardsmayshowagapcomparedtothereportedfiguresoftheprevious[...]

ReadmoreSource(s):METI(Japan);StatisticsBureauofJapanSalesvalueoffoodandbeveragesretailtradeinJapanin2023,bychannel(inbillionU.S.dollars)FoodandbeveragesretailsalesrevenueinJapan2023,bychannelSalesvalueinbillionU.S.dollars30

40

500102060708090100SupermarketConveniencestores(konbini)Drugstores88.957.719.1DepartmentstoresInternet*11.720.94Description:SupermarketswerethemainsaleschannelswithintheJapanesefoodretailsector.TheyaccountedforasignificantshareoffoodsalesinJapan,withalmost89billionU.S.dollarsin2023.Theꢀconveniencestoresectorfollowedasthesecond-largestretailchannel,makinguseofhighcustomerfrequencyanditsflexibilityinchangingthestoreassortmentaccordingtocustomerneeds.ReadmoreNote(s):Japan;2023;*Estimatebasedon2022asofficialfiguresfor2023werenotavailable.

1U.S.dollarequals156.6Japaneseyenor0.96eurosasofJanuary2025.Pleasenotethatthesourceusedanexchangerateof141JapaneseyenperU.S.[...]

ReadmoreSource(s):GAIN;METI(Japan);StatisticsBureauofJapan;USDAForeignAgriculturalServiceAnnualaverageofmonthlyexpenditureofhouseholdsonfoodinJapanfrom2014to2023(in1,000Japaneseyen)MonthlyaveragehouseholdfoodspendingJapan2014-2023807067.0863.4863.1563.662.8262.5362.2562.0461.8360.27605040302010020142015201620172018201920202021202220235Description:In2023,Japanesehouseholds,includingworkers'andnon-workers'households,spentanaverageofaround67.1thousandJapaneseyenpermonthonfood.Thismarkedanincreasefromaround63.6thousandyeninthepreviousyear.Foodwastheleadingexpenseitemamonghouseholds.ReadmoreNote(s):Japan;2014to2023;7,999householdsSource(s):MinistryofInternalAffairsandCommunications(Japan);StatisticsBureauofJapanAveragemonthlyhouseholdexpenditureonfoodinJapanin2023,bycategory(inJapaneseyen)MonthlyaveragehouseholdfoodexpensesinJapan2023,bytypeExpenditureinJapaneseyen6,00002,0004,0008,00010,00012,00011,55914,000EatingoutPreparedfoodVegetablesandseaweedMeat10,5756,9715,9575,6875,173ConfectioneryGrainsFishandseafoodBeverages4,6014,563DairyproductsandeggOil,fatsandseasoningsAlcoholicbeveragesFruits3,3973,0412,9522,5786Description:In2023,householdsinJapanspentonaverageover11thousandJapaneseyenpermonthoneatingout,whichrepresentedthecategorywiththehighestfoodexpenditures.Thatyear,thetotalaveragemonthlyexpendituresofJapanesehouseholdsonfoodstuffexceeded67thousandyen.ReadmoreNote(s):Japan;2023;7,909households;totalhouseholdsincludingworker'sandother/no-occupationhouseholdsSource(s):MinistryofInternalAffairsandCommunications(Japan);StatisticsBureauofJapanCostofahealthydietperpersonperdayinJapanfrom2017to2022(inPPPdollars)CostofahealthydietinJapan2017-2022766.545.915.85.655.575.485432102017201820192020202120227Description:In2022,thecostofahealthydietinJapanstoodat6.54PPPdollarsperpersonperday,remainingatasimilarlevelasthepreviousyear.Ahealthydietconsistsofvariousminimallyprocessedandsafefoodsofplantoriginsand,inmoderation,animal-basedfoodsthatprovidetheessentialnutrientsandenergy.ReadmoreNote(s):Japan;2017to2022Source(s):FAO;IFAD;UNICEF;WHO;WorldFoodProgrammeCHAPTER

02CPIoffoodstuffConsumerPriceIndex(CPI)offoodinJapanfrom2014to2023CPIoffoodinJapan2014-2023120112.9104.510010098.298.796.296.810080604020094.691.720142015201620172018201920202021202220239Description:In2023,theConsumerPriceIndex(CPI)offoodinJapanincreasedby12.9pointscomparedtothebaseyear2020.TheCPIimpliesthatfoodpricesforJapanesehouseholdshasincreasedsignificantlyintherecentyears,impactedbyinflationandrisingproducerprices.ReadmoreNote(s):Japan;2014to2023;thesourceuses2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)ConsumerPriceIndex(CPI)offishandseafoodinJapanfrom2014to2023CPIoffishandseafoodinJapan2014-2023140125.3120112.1100.4100101.198.995.910080604020091.189.586.2201420152016201720182019202020212022202310Description:In2023,theConsumerPriceIndex(CPI)offishandseafoodinJapanincreasedby25.3pointscomparedtothebaseyear2020.TheCPIdepictsanestimatetopricedevelopmentofconsumerproductsovertimecomparedtothebaseyear,withthetrendforfishandseafoodimplyingasignificantjumpinpricesforJapanesehouseholdsinrecentyears.ReadmoreNote(s):Japan;2014to2023;thesourceuses2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)ConsumerPriceIndex(CPI)ofmeatsinJapanfrom2014to2023CPIofmeatsinJapan2014-2023120111.8104.8100.91009997.898.296.510080604020094.990.5201420152016201720182019202020212022202311Description:In2023,theConsumerPriceIndex(CPI)formeatinJapanincreasedby11.8pointscomparedtothebaseyear2020.TheCPIimpliedasteadyincreaseofmeatpricesforJapanesehouseholdsinrecentyears.

ReadmoreNote(s):Japan;2014to2023;thesourceuses2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)ConsumerPriceIndex(CPI)ofgrainsandcerealsinJapanfrom2014to2023CPIofgrainandcerealinJapan2014-2023120111.5103.799.91009998.897.49610080604020095.194.4201420152016201720182019202020212022202312Description:In2023,theConsumerPriceIndexofgrainsandcerealsinJapanincreaseby11.5indexpointscomparedtothebaseyear2020.TheCPIdepictsanestimatetopricedevelopmentofconsumerproductsovertimecomparedtothebaseyear,withthetrendforgrainsandcerealslikericeandwheatindicatingadrasticpriceincreaseinrecentyears.ReadmoreNote(s):Japan;2014to2023;thesourceuses2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)ConsumerPriceIndex(CPI)ofvegetablesandseaweedsinJapanfrom2014to2023CPIofvegetablesandseaweedsinJapan2014-2023120108.8102.3101.610099.198.397.296.710080604020095.690201420152016201720182019202020212022202313Description:In2023,theConsumerPriceIndex(CPI)ofvegetablesandseaweedsinJapanincreasedby8.8indexpointscomparedtothebaseyear2020.TheCPIforvegetablesincreasedsignificantlyinrecentyears,drivenparticularlybyrisingpricesoffreshvegetables.ReadmoreNote(s):Japan;2014to2023;thesourceuses2020asbaseyearwithanindexof100pointsSource(s):e-Stat(Japan);MinistryofInternalAffairsandCommunications(Japan)CHAPTER

03StoreretailSalesvalueoffoodandbeveragessoldatsupermarketsinJapanfrom2014to2023(intrillionJapaneseyen)SupermarketfoodandbeveragessalesrevenueinJapan2014-20231412.4912.0611.9411.63129.839.859.649.551089.369.076420201420152016201720182019202020212022202315Description:In2023,thesalesrevenueoffoodandbeveragesatsupermarketsinJapanamountedtoaround12.5trillionJapaneseyen,reachingadecade-high.FoodandbeveragesrepresentthelargestrevenuesourceofJapanesesupermarkets.

ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan);StatisticsBureauofJapanRetailsalesvalueoffastfoodanddailyfoodssoldatconveniencestoresinJapanfrom2014to2023(intrillionJapaneseyen)ConveniencestorefastfoodanddailyfoodproductssalesrevenueinJapan2014-20235.04.674.64.544.424.444.54.03.53.02.52.01.51.00.50.04.294.314.34.093.81201420152016201720182019202020212022202316Description:In2023,theretailsalesvalueoffastfoodsanddailyfoodssoldatconveniencestoresinJapanamountedtoaround4.67trillionJapaneseyen.Thatyear,fastfoodsanddailyfoodsaccountedforthelargestsalesshareofcommoditiessoldatJapaneseconveniencestoresandpeakedmostintheobservedperiod.ꢀConveniencestoresinJapan,alsoknownaskonbini,sellavarietyoffreshandpackagedfoodaswellasnonedibledailynecessities.

ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan)RetailsalesvalueofprocessedfoodssoldatconveniencestoresinJapanfrom2014to2023(intrillionJapaneseyen)ConveniencestoreprocessedfoodproductsalesrevenueinJapan2014-20234.03.53.423.233.253.173.143.083.093.082.933.02.52.01.51.00.50.02.77201420152016201720182019202020212022202317Description:In2023,theretailvalueofprocessedfoodssoldatconveniencestoresinJapanamountedtoaround3.42trillionJapaneseyen.Thisrepresentedapeakofthedecade.Conveniencestores,so-calledkonbini,sellavarietyofprocessedfoodlikepackagedconveniencefood,sweets,andfrozenfood.ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan)RetailsalesvalueoffoodproductssoldatdrugstoresinJapanfrom2014to2023(intrillionJapaneseyen)DrugstoresfoodstuffsalesrevenueinJapan2014-20233.02.52.02.692.392.232.181.941.811.621.491.51.00.50.01.341.21201420152016201720182019202020212022202318Description:In2023,theretailsalesvalueoffoodproductssoldatdrugstoresinJapanamountedtoabout2.69trillionJapaneseyen,thehighestnumberofthepastdecade.Thatyear,foodproductsaccountedforthelargestshareofcommoditysalesatJapanesedrugstores.Thesalesvalueofthisproductsegmentincreasedcontinuouslythroughoutthesurveyedperiod,havingstoodatabout1.2trillionyenin2014.ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan)RetailsalesvalueofhealthfoodproductssoldatdrugstoresinJapanfrom2014to2023(inbillionJapaneseyen)DrugstoreshealthfoodsalesrevenueinJapan2014-2023300272.47256.04250231226.39221.76217.75206.73197.03190.6220015010050164.670201420152016201720182019202020212022202319Description:In2023,thehealthfoodssalesvalueinJapanesedrugstoresamountedtoapproximately272.47billionJapaneseyen,thehighestnumberofthepastdecade.Thesalesvalueincreasedcontinuouslythroughoutthesurveyedperiod,havingstoodatabout164.7billionyenin2014.ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan)SalesvalueoffoodandbeveragessoldatdepartmentstoresinJapanfrom2014to2023(intrillionJapaneseyen)DepartmentstorefoodandbeveragessalesrevenueinJapan2014-20232.51.931.932.01.51.00.50.01.91.861.811.781.651.621.541.49201420152016201720182019202020212022202320Description:In2023,thesalesvalueoffoodandbeveragessoldatdepartmentstoresinJapanexceeded1.6trillionJapaneseyen.FoodstuffisamajorrevenuesourceofJapanesedepartmentstoresafterclothing.

ReadmoreNote(s):Japan;2014to2023Source(s):METI(Japan);StatisticsBureauofJapanCHAPTER

04Non-storeretailRetailvalueoffoodmail-orderdeliveryinJapanfromfiscalyear2016to2022withforecastsuntil2027(intrillionJapaneseyen)Marketsizeoffoodmail-orderinJapanFY2016-20275.04.674.694.684.684.624.594.584.54.03.53.02.52.01.51.00.50.04.323.813.693.573.4720162017201820192020202120222023*2024*2025*2026*2027*22Description:Inthefiscalyear2022,themarketsizeoffooddeliveryviamail-orderinJapanamountedtoanestimated4.58trillionJapaneseyen.Thefooddeliverymarkethasbeencontinuouslyexpandingduringthesurveyedperiod.Themarketsizeisexpectedtostagnatefrom2024onwards.ReadmoreNote(s):Japan;fiscalyear2016to2022;theJapanesefiscalyearbeginsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;themarketsizeisbasedonretailvalue;*Forecast.Marketoffooddeliveryincludese-commerce[...]

ReadmoreSource(s):YanoResearchRetailsalesvaluedistributionofthemail-orderfoodbusinessmarketinJapaninfiscalyear2022,bychannelMail-orderfoodbusinesssalesshareinJapanFY2022,bychannelOnlinesupermarkets5.4%Naturalfooddeliveries2.4%Directsalesbyfoodmanufacturers15.7%Mail-orderbusiness(online&catalog)42.4%Co-opstores34.1%23Description:Infiscalyear2022,generalmail-orderbusinessesinJapangeneratedthelargestshareofthefoodmail-orderretailmarket,withover42percent.Whileonlinesupermarketsareemerging,co-opstoresandmail-orderbusinessesremainthemainsaleschannelsinthemarket.ReadmoreNote(s):Japan;fiscalyear2022;theJapanesefiscalyearrunsfromApril1toMarch31ofthefollowingyear;themarketsizeisbasedonsalesamountSource(s):YanoResearchTradingvolumeoftheonlineediblegrocerymarketinJapanfrom2015to2023(intrillionJapaneseyen)OnlinegrocerysalesinJapan2015-20233.53.02.52.932.752.522.212.01.821.691.561.451.51.00.50.01.3220152016201720182019202020212022202324Description:In2023,thetradingvolumeofediblegroceriessoldonlineinJapanamountedtoaround2.9trillionJapaneseyen.Whiletheemergenceofonlinesupermarketsisboostingthesalesoffoodstuff,beverages,andliquorsinthecountry,onlinegroceryshoppingmakeuplessthanfivepercentofretailsales.ReadmoreNote(s):Japan;2015to2023Source(s):METI(Japan)Homedeliverysalesofcommunitybasedretailco-opsinJapanfromfiscalyear2014to2023(intrillionJapaneseyen)Homedeliverysalesofcommunitybasedretailco-opsinJapanFY2014-20232.52.02.132.112.092.091.841.821.791.771.751.711.51.00.50.0201420152016201720182019202020212022202325Description:Inthefiscalyear2023,thehomedeliverysalesvalueofcommunitybasedretailco-opsinJapanamountedtoapproximately2.09trillionJapaneseyen.Aroundtwothirdsoftheretailco-opshomedeliverysalesvaluecamefromindividualhomedeliverysales.ReadmoreNote(s):Japan;fiscalyear2014to2023;thefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyearSource(s):JCCUCHAPTER

05LeadingretailersSalesrevenueofleadingsupermarketoperatorsinJapaninfiscalyear2023(intrillionJapaneseyen)SalesrevenueofleadingsupermarketcompaniesinJapanFY2023SalesintrillionJapaneseyen0.4

0.6

0.80.00.21.01.21.41.61.82.02.2PanPacificInternationalHoldingsCorporationAeonRetailCo.,Ltd.1.941.84LifeCorporation0.81Ito-YokadoCo.,Ltd.0.8227Description:PanPacificInternationalHoldingsCorporationwastheleadingsupermarketoperatorinJapaninthefiscalyear2023,withsalesrevenueamountingtoover1.9trillionJapaneseyen.AeonRetail,asubsidiaryoftheholdingcompanyAeonCo.,Ltd,oneoftheꢀlargestJapaneseretailbrands,followedinsecondplace.Thesubsidiarymanagestheself-operatedsupermarketsandgeneralmerchandisestoresoftheparentinthedomesticretailmarket.

ReadmoreNote(s):Japan;fiscalyear2023;theJapanesefiscalyearrunsfromApril1toMarch31ofthefollowingyearSource(s):MitsuiFudosanSalesrevenueofleadingconveniencestorechains(konbini)inJapaninfiscalyear2023(inbillionJapaneseyen)SalesrevenueofleadingconveniencestoresinJapanFY2023SalesinbillionJapaneseyen400

60002008001,0001,200Lawson,Inc.7-ElevenJapanCo.,Ltd.FamilyMartCo.,Ltd.1,088894.7507.828Description:Infiscalyear2023,Lawsonshowedthestrongestperformanceamongconveniencestorechains(konbini)inJapan,generatingalmost1.1trillionJapaneseyen.Thatyear,over50thousandconveniencestoreswereoperatinginJapan,with7-Eleven,Lawson,andFamilyMartbeingthemostcommonlyfoundchains.ReadmoreNote(s):Japan;fiscalyear2023;theJapanesefiscalyearrunsfromApril1toMarch31ofthefollowingyearSource(s):MitsuiFudosanNetsalesoftheleadingdrugstoreoperatorsinJapaninfiscalyear2024(inbillionJapaneseyen)LeadingdrugstorecompanyinJapanFY2024,bynetsalesNetsalesinbillionJapaneseyen400%

600%0%200%800%1,000%1,200%1,217.34%1,400%WelciaHoldingsTsuruhaHoldings1,027.46%1,022.53%MatsumotokiyoshiHoldingsCosmosPharmaceuticalSundrug827.7%751.78%744.48%SugiHoldingsAINHoldingsInc.399.82%380.96%378.87%CreateSDHoldingsKusurinoAokiHoldingsNihonChouzaiCo.,Ltd.CawachiLtd.340.31%285.96%29Description:Inthefiscalyear2023/2024,WelciaHoldingswastheleadingdrugstoreoperatorinJapan,generatingnetsalesofoveronetrillionJapaneseyen.ꢀWelciaHoldingsCo.,Ltd.isaJapanesechainstoreoperatorestablishedthroughamergeroftheregionalWelciabranchesandTakadaPharmacyCo.,Ltd.Whiledrugstorechainsfocustheirbusinessmainlyaroundover-the-counterdrugsinJapan,selectedstoresalsoofferacounterforprescriptiondrugslikeapharmacy.

ReadmoreNote(s):Japan;2024;figuresrepresentthefinancialyear2023/2024ofeachcompanySource(s):ApoPlusCareerSalesrevenueofleadingdepartmentstoreoperatorsinJapaninfiscalyear2023(inbillionJapaneseyen)SalesrevenueofleadingdepartmentcompaniesinJapanFY2023SalesinbillionJapaneseyen050100150200250300350400450500TakashimayaCo.,Ltd.*IsetanMitsukoshiLtd.466.1270.8DaimaruMatsuzakayaDepartmentStoresCo.,Ltd.HankyuHanshinDepartmentStores,Inc.220.1179.230Description:Infiscalyear2023,TakashimayashowedthestrongestperformanceamongthenationaldepartmentstoreoperatorsinJapan,generatingrevenueofabout466billionJapaneseyen.Thecompanyoperatesthedepartmentstorechainunderthesamename.Withsalesreachingapproximately271billionJapaneseyen,IsetanMitsukoshiLtd.followedinsecondplace.ReadmoreNote(s):Japan;fiscalyear2023;theJapanesefiscalyearrunsfromApril1toMarch31ofthefollowingyear;non-consolidateddata;*Consolidateddata.ThefiguresprovidedinthereportbyMitsuiFudosanarebasedontheannualsecurities[...]

ReadmoreSource(s):MitsuiFudosanCHAPTER

06ConsumerbehaviorPreferredsaleschannelstobuyfoodproductsandbeveragesinJapanasofNovember2023PopularplacestobuyfoodanddrinksinJapan2023Shareofrespondents20%

30%0%10%40%50%60%70%80%90%Grocerystores76.2%Large-scalesupermarkets(Aeon,Ito-Yokado,etc.)Drugstores41%38.4%Conveniencestores34.1%Discounters(DonQuijote,Costco,etc.)Departmentstores20.7%10.2%9.8%Localstores(individualstoresinshoppingstreets,etc.)Majorspecialtysites(Amazon,Rakuten,Yahoo,etc.)Websiteswithphysicalstores(Aeon,Ito-Yokado,etc.)Otherwebsites17.9%4.7%3.6%1.4%1.3%Non-internetmailorderOthersIdonotbuyingredients,foodproducts,andbeverages8.8%32Description:Physicalstoreswerethemostpopularsaleschannelofingredients,foodproducts,andbeveragesasrevealedinasurveyconductedinNovember2023.While76.2percentofrespondentsvisitedgrocerystoresforediblesanddrinks,onlyclosetoaquarterboughtconsumablesonline.Eventhoughtlarge-scalesupermarketshaveexpandedtheirservicesonlineinrecentyears,theonlinesupermarketequivalentofAeonandIto-Yokadowerevisitedonlyby4.7percentofrespondentsforgroceries.

ReadmoreNote(s):Japan;November17to24,2023;4,000respondents;15-74years;multipleanswersallowedSource(s):JMAResearchInstitute;MAFFConsumerpreferencesforeco-friendlyproduceandfoodsinJapanasofNovember2023,bytypePreferencesforeco-friendlyproduceinJapan2023,bytypeShareofrespondents0%10%20%30%40%50%60%70%80%90%82.7%DomesticproductionGoodsproduced/manufacturedinnearbyregionsGoodssoldinconsumableamounts**Goodswithaneco-label(OrganicJAS,eco-fishing,etc.)GoodsclosetoexpiringorpossiblybecomingwasteGoodswithoutexcessivepackaging54.5%40.1%32.8%30.7%26.8%Eco-friendlygoodsforwhichrelevantlabelsdonotexist***Others17.2%0.9%0.6%Noanswer33Description:Nearly83percentofpeoplechoosingeco-friendlyfoodsandproduceinJapanoptfordomesticallyproducedgoods,asrevealedinasurveyconductedinNovember2023.LabelslikeOrganicJASwererelevantfor32.8percentofrespondents.

ReadmoreNote(s):Japan;November1to27,2023;1,390*;20yearsandolder;postalandonlinesurvey;multipleanswersallowed;*Thoserespondentswhoindicatedtoalwaysorsometimeschooseeco-friendlyfoodsandproducts.**Suchasgoodssold[...]

ReadmoreSource(s):CentralResearchServices;MAFFWillingnesstopaymoreforfoodfromdomesticproductionoverimportsinJapanasofJuly2024PreferencetobuydomesticallyproducedfoodoverimportsinJapan202435%30%25%20%31%18.1%16.3%15.4%15%10%5%11.7%7.6%0%Wouldchoosedomestic

Wouldchoosedomestic

Wouldchoosedomestic

Wouldchoosedomestic

WouldchoosedomesticIdonothaveanyproductsevenifthepriceswereover30percenthigherproductsifthepriceswereupto30percenthigherproductsifthepriceswereupto20percenthigherproductsiftheprices

productifthepriceswere

preferencesfordomesticwereupto10percenthigherthesameproducts34Description:ThemajorityofJapaneseconsumerswerewillingtopaymoreforfoodproductsfromdomesticproduction,accordingtoasurveyconductedinJuly2024.While31percentofrespondentswouldonlychoosedomesticallyproducedfoodsifthepriceswerethesameasimportedproducts,over15percenthadnopreferences.ReadmoreNote(s):Japan;July202