Market Research Report
Top Growth Opportunities: Wine in Japan
|Published by||GlobalData||Product code||602487|
|Published||Content info||106 Pages
Delivery time: 1-2 business days
|Top Growth Opportunities: Wine in Japan|
|Published: December 31, 2017||Content info: 106 Pages||
Japan ranks seventh in terms of per capita expenditure in US$, ahead of South Korea, China, and Malaysia. The per capita expenditure on wine products declined at a CAGR of about 0.4% during 2011-2016, mainly due to the financial crisis during 2009-2011, and a massive earthquake in 2011, which pushed the country into relative turmoil and adversely impacted the spending power of consumers.
Japanese wine market declined during 2011-2016 in US dollar terms, mostly due to the depreciation of the Japanese yen against the US dollar during this time period.Due to the strengthening local currency and increasing consumer confidence, the country's wine market is forecast to witness a substantial growth, at a CAGR of more than 6% over 2016-2021.
With the exception of certain regions, Japan's climate and soil conditions are unsuitable for wine farming, so the country has to rely on imports, which presents an opportunity for foreign producers.
Japanese Wine market is being led by the Still Wine category in volume terms which accounted for over 89% share in 2016. Further, the Fortified Wine category is expected to record the fastest volume growth at a CAGR of more than 6% during 2016-2021 and will reach around 9.5 million liters by 2021.
The report "Top Growth Opportunities: Wine in Japan", provides recommended actions and detailed analysis of how to target the best growth opportunities for Wine producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Wine markets in Japan through our detailed and robust data, expert insight, and case studies.
In particular, this report provides the following -
Companies mentioned in this report:Aeon, 7-Eleven, Mercian, Beam Suntory, E & J Gallo Winery, Carlo Rossi, Franzia