2013-02-28 15:13:31 -
New Food research report from Business Monitor International is now available from Fast Market Research
As the employment outlook remains sombre, private consumption growth in Japan is expected to continue to wane. Weak domestic demand can be expected to weigh on the country's growth into 2013 given that private consumption accounts for around 60% of Japan's GDP. Longer term, the contracting growth opportunities in Japan's food, drink and retail sectors mean that overseas expansion will continue to be a strategic priority for local players such as Aeon and Ajinmoto.
Headline Industry Data (local currency)
* 2013 per capita food consumption = +0.2%; compound annual growth rate (CAGR) to 2017 = +0.4%
* 2013 alcoholic drinks value sales = +0.3%; CAGR growth forecast to 2017 = +0.8%
* 2013 soft drinks value sales = +3.5%; CAGR growth
forecast to 2017 = +3.5%
* 2013 mass grocery retail sales = +0.6%; CAGR growth forecast to 2017 = +0.4%
Full Report Details at
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www.fastmr.com/prod/536484_japan_food_drink_report_q1_2013.aspx
Key Industry Trends
Yakult's Chinese Success Attracts Danone: Japanese functional beverage manufacturer Yakult Honsha announced plans in November 2012 to build its fourth plant in China to satisfy growing demand. The facility will be the firm's second factory in the city of Guangzhou and is set to begin production in 2014.
The announced investment comes as the firm is said to be undergoing talks with Danone, with the latter reportedly keen to raise its stake in the business from 20% to 28%. In our view, Danone's eagerness to gain a larger stake can be partly attributed to Yakult's success in the tricky Chinese market.
Walmart Still Keen on Japan: Retail giant Walmart announced in October 2012 that is to invest in its Japanese operations, planning to open 22 stores in the market over the next two years. The new stores will be operated under its Seiyu banner, with seven stores opening in the retailer's 2012 fiscal year (running to January 31) and 15 in its 2013 fiscal year. The move is an endorsement for the tricky Japanese market, with Walmart having recently been forced to restructure its Japanese operations due to a lack of profitability.
Risks To Outlook
With domestic demand likely to remain subdued, there is a growing risk that a quick deterioration of growth in global markets could tip the Japanese economy back into recession.
Partial Table of Contents:
BMI Industry View
SWOT
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Food
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2010-2017
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Table: Sugar Confectionery Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Drink
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Table: Beer Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Wine Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Hot Drinks Value Sales - Historical Data & Forecasts, 2010-2017
- Table: Tea Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Soft Drinks Value Sales - Historical Data & Forecasts, 2010-2017
- Table: Carbonated Soft Drinks Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Fruit/Vegetable Juice Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Bottled Water Trade Indicators - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2010-2017
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2010-2017
Macroeconomic Forecasts
- Economic Outlook
- Private Consumption Growth To Remain Tepid
- Private Investment Growth To Reflect Businesses' Pessimism
- Stalling Debt Growth To Restrict Public Consumption and Investment
- Drag From Weak External Demand And Rising Energy Imports To Remain
- Table: Japan - Economic Activity
Industry Risk Reward Ratings
- Asia Food & Drink Risk/Reward Ratings
- Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q113 (score out of 10)
- Table: Asia Pacific Food & Drink Risk/Reward Ratings Q113
Market Overview
- Food
- Drink
- Mass Grocery Retail
- Table: Structure Of Japan's Mass Grocery Retail Market By Estimated Number Of Outlets, 2005-2011
- Table: Structure Of Japan's Mass Grocery Retail Market - Sales By Format (US$bn), 2005-2011
- Table: Structure Of Japan's Mass Grocery Retail Market - Sales By Format (JPYbn), 2005-2011
- Table: Average Annual Sales Per Outlet By Format - 2011
- Table: Grocery Retail Sales By Format
Industry Trends And Developments
- Food
- Drink
- Mass Grocery Retail
Competitive Landscape
- Food & Drink Key Players
- Table: Key Players In Japan's Food & Drink Sector
- Mass Grocery Retail Key Players
- Table: Key Players In Japan's Mass Grocery Retail Sector
Company Profile
- Ajinmoto
- Asahi Breweries
- Kirin
- Seven & I Holdings
- Lawson Inc
- Aeon
- Walmart Seiyu
Global Industry Overview
- Global Food & Drink Core Views
- Table: Core Views
Demographic Forecast
- Japan Demographic Data
- Table: Japan's Population By Age Group, 1990-2020 ('000)
- Table: Japan's Population By Age Group, 1990-2020 (% of total)
- Table: Japan's Key Population Ratios, 1990-2020
- Table: Japan's Rural And Urban Population, 1990-2020
Glossary
- Food & Drink
Full Table of Contents is available at:
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