PUBLISHER: GlobalData | PRODUCT CODE: 1424885
PUBLISHER: GlobalData | PRODUCT CODE: 1424885
"Japan Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027" published by GlobalData provides extensive insight and analysis of the Japanese Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.
The Japanese profit sector's revenue reached JPY19.2 trillion ($146.1 billion) in 2022, declining at a negative compound annual growth rate (CAGR) of 8.5% from 2017-22. The decline can be attributed to the country's rising inflation, which negatively impacted the profit sector sales. According to the World Bank, inflation rose from 0.2% in 2021 to 6.1% in 2022 due to higher energy and food prices.
FSR was the top channel, contributing to 33.6% of total sales in the sector. QSR was the second-largest channel, accounting for 17.5% of the sector's overall value in 2022. The channel remained popular among consumers due to the convenience and value for money it offers. During 2022-27, the Japanese profit sector will register a strong CAGR of 11.9%. The number of transactions will also register a CAGR of 7.9%, while the number of outlets will generate a CAGR of 1.5% during 2022-27.
The report includes -
Japan registered GDP per capita growth of 1.8% in 2022. The GDP growth rate in 2022 stood at 1%, slowing down from 2.1% in 2021. The Japanese profit sector's revenue reached JPY19.2 trillion ($146.1 billion) in 2022, declining at a negative compound annual growth rate (CAGR) of 8.5% from 2017-22. QSR was the second-largest channel in the Japanese foodservice profit sector in 2022, with a share of 17.5%. FSR, the largest profit sector channel, registered sales of JPY6.4 trillion ($49.2 billion) in 2022, declining at a negative CAGR of 9.7% during 2017-22. The QSR channel had the highest presence of chain restaurants in 2022, with these accounting for 79.6% of total channel revenue. The QSR channel led the profit sector in terms of the number of transactions in 2022. This was due to the increased preference for fast-food options among Japanese consumers. Channel sales yielded a CAGR of 2.6% during 2017-22.