Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs market in Japan has been experiencing minimal growth, influenced by factors like changing consumer preferences, increased competition, and fluctuating prices of raw materials. Despite this, the market continues to thrive due to the convenience and health benefits offered by these products.
Customer preferences: One emerging trend in Japan's Other Dairy Products & Eggs market is the growing demand for dairy-free and plant-based alternatives. With a significant portion of the population following a lactose-free or vegan diet, the market for non-dairy milk, yogurt, and cheese has seen a rapid growth. This trend is also influenced by the increasing awareness of animal welfare and sustainability, as well as the rise of health-conscious consumers who are looking for healthier and more environmentally-friendly options. As a result, companies are launching innovative plant-based products and expanding their non-dairy offerings to cater to this growing consumer segment.
Trends in the market: In Japan, there has been a recent increase in demand for plant-based dairy alternatives, such as soy milk and almond milk. This trend is driven by the growing health consciousness among consumers and a rise in vegan and vegetarian diets. In addition, there is a growing trend of incorporating probiotics into dairy products, such as yogurts and fermented milk drinks. This is seen as a way to promote gut health and improve digestion. These trends have significant implications for industry stakeholders, as they must adapt their product offerings to meet the changing demands of consumers and capitalize on the growing popularity of alternative dairy and probiotic products.
Local special circumstances: In Japan, the Other Dairy Products & Eggs Market is heavily influenced by the country's cultural preference for dairy-based products and its strict regulations on food safety. Additionally, Japan's aging population and increasing health concerns have led to a demand for functional dairy products, such as those fortified with probiotics or calcium. These unique factors have created a market landscape that differs from other markets, with a strong emphasis on product quality and innovation.
Underlying macroeconomic factors: In Japan, the Other Dairy Products & Eggs market is influenced by macroeconomic factors such as changes in consumer preferences, government policies, and global trade patterns. As the country's economy continues to recover from the pandemic, there is a growing demand for healthier and more sustainable food options, which has led to an increase in consumption of plant-based dairy alternatives. Additionally, government initiatives promoting domestic production and exports have boosted the local dairy industry, while trade agreements with other countries have opened up new opportunities for international trade. These factors are expected to drive the growth of the Other Dairy Products & Eggs market in Japan.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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Mon - Fri, 9am - 6pm (EST)
