PROSPECTS AND OPPORTUNITIES
Limited retail volume growth expected, while retail current value growth will remain stronger, driven by time-saving and recovery in tourism
Despite an anticipated population decline, retail volume sales of baked goods in Japan are expected to continue to see a continuous slow rise, while retail current value sales are projected to see a stronger but still moderate increase over the next five years. Pastries, the largest category within baked goods, is expected to see steady growth in the forecast period, in line with the consumer trend of prioritising time efficiency, dubbed taipa, as life returns to pre-pandemic normality and becomes busier.
Product innovation with a focus on health continues to be seen
Health-consciousness and interest in nutrition have been growing amongst consumers since before the pandemic. With the onset of COVID-19 in Japan, the health and wellness trend accelerated, as consumers sought to mitigate the risk of contracting the virus, and manage weight gain due to reduced physical activity during remote working.
The rising importance of domestic wheat
With the escalating prices of imported wheat, the significance of domestic wheat production in Japan has heightened. Given Japan’s humid conditions, which are not ideal for wheat cultivation, domestic production only accounts for 16% of the country's total consumption; therefore depending heavily on imported wheat.
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Overview:
Understand the latest market trends and future growth opportunities for the Baked Goods industry in Japan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Baked Goods industry in Japan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Baked Goods in Japan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Baked Goods in Japan?
- Which are the leading brands in Baked Goods in Japan?
- How are products distributed in Baked Goods in Japan?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Baked Goods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Japan?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Baked Goods in Japan - Category analysis
KEY DATA FINDINGS
Continued current value growth mainly driven by pastries and cakes
Dessert mixes rebounds due to recent product innovations
Yamazaki continues to lead baked goods, Shikishima holds second position
Limited retail volume growth expected, while retail current value growth will remain stronger, driven by time-saving and recovery in tourism
Product innovation with a focus on health continues to be seen
The rising importance of domestic wheat
Staple Foods in Japan - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Baked Goods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
Baked Goods
This is the aggregation of bread, pastries, dessert mixes, frozen baked goods and cakes. Note: in most cases, baked goods from in-store bakeries are classified under unpackaged/artisanal. While many such offerings may be finished on-site, they are often prepared, then frozen or par-baked, at other locations. Such production models are very important for supermarket in-store bakeries, which are often used to drive traffic and fill stores with appetising aromas, but for which the labour resources required to run a full-service scratch bakery are not always available. Baked goods baked from central bakeries sold unpackaged in other outlets are classified as unpackaged/artisanal. In the specific case of in-store bakery counters (for example, in supermarkets), if baked goods are finished on-site but then packaged (for example, in a box or bag) with a barcode and price, set out in the store for sale in this packaging and sold like any other packaged food product (i.e. a customer takes the packaged item from a shelf) then this is classified as packaged. If however the baked good is finished on-site, displayed unpackaged but then placed in packaging as part of the transaction (i.e. a supermarket worker at an in-store bakery counter/a customer places it in a box/bag after it has been chosen, to allow it to be carried safely) this is still classified as unpackaged.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Baked Goods research and analysis database.
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