The majority of supermarkets handling private labels in Japan were expected to pass the price inflation of raw materials to retail prices without changing the content of the products in 2023. While 56.4 percent of businesses intended to maintain the status quo of their products' content by raising prices, close to 44 percent were estimated to maintain the prices by changing the products instead.
Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023
Figures are industry estimates based on annual surveys.
Original question in the survey, for which multiple answers were allowed: "Regarding your plans for private label products during raw material price inflation, please respond with the answer closest to your companies' intentions."
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NSAJ. (January 5, 2024). Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 [Graph]. In Statista. Retrieved November 07, 2024, from https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. "Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023." Chart. January 5, 2024. Statista. Accessed November 07, 2024. https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. (2024). Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023. Statista. Statista Inc.. Accessed: November 07, 2024. https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. "Leading Strategy for Private Label Products during Raw Material Price Inflation among Supermarkets in Japan in 2023." Statista, Statista Inc., 5 Jan 2024, https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ, Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 Statista, https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/ (last visited November 07, 2024)
Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 [Graph], NSAJ, January 5, 2024. [Online]. Available: https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
