Market Research Report
Japan - The Future of Foodservice to 2020
|Published by||GlobalData||Product code||246201|
|Published||Content info||135 Pages
Japan is a wealthy nation with a significant number of high-earning consumers, however, economic uncertainty and the stagnation of the Japanese economy has created a culture of saving as opposed to spending, dampening impulse purchases and discretionary spending. Japanese population is in decline, with all prefectures forecast to see a decline in population to 2020. The Japanese population is the world's oldest on average and is ageing rapidly. By 2020 over 30% of the Japanese population will be aged over 65.
In Japanese profit foodservice sector, Quick Service Restaurants (QSR) channel is the fourth largest, accounting for 10% of total sector revenue in 2015. The QSR channel saw sector leading growth in overall revenue between 2013 and 2015. Growth in the channel is being driven by growth in transactions due to increasing time scarcity amongst consumers, who see this channel as a convenience option.
In terms of total revenue, the Full Service Restaurants (FSR) channel is the largest single channel by far in the Japanese profit foodservice sector, accounting for over 33% of total sector revenue. However, overall revenue growth in the channel was significantly slower than the rate of growth seen in the QSR channel between 2013 and 2015. Between 2013 and 2015 the coffee and tea shop channel saw the highest rate of channel revenue growth after the QSR channel. The channel however saw the greatest decline in outlet numbers. The channel has a significant number of larger chained operators present, both locally grown and international. Key players include Starbucks, Doutor, Komeda and Tully's.
To 2020, growth is forecast to continue in the channel, although a decline in outlet numbers is forecast to remain. To further focus on convenience-seeking consumers, operators in the channel will be increasingly located in non-conventional locations such as within retail stores.
The report "Japan - The Future of Foodservice to 2020" provides extensive insight and analysis of the Japanese Foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.
In particular, this report provides the following analysis -
Companies mentioned in this report: McDonald's, Zensho Holdings, Plenus, Duskin, Yum! Brands, Starbucks, Doutor Coffee, Komeda, Tully's, Suntory Holdings, Yoshinoya Holdings, KFC, Sukiya, Nakau, Mister Donut, Hotto Motto.