Market Forecast By Product Type (Whole-Bean, Ground Coffee, Instant Coffee, Coffee Pods and Capsules), By Distribution Channel (On-Trade, Off-Trade) And Competitive Landscape
|Product Code: ETC177461||Publication Date: Nov 2022||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
Japan Coffee Market is projected to grow during the forecast period. Coffee is popular for its stimulant effects and has been used as an aid for improving cognitive functions and reducing fatigue. The major growth factors of the Japan Coffee Market are surging population, increasing health consciousness, and increasing spending on food and beverages. Japan is one of the largest coffee consuming countries in the world. The country's growing economy and increasing population are expected to result in higher coffee consumption.
Irrespective of the growth potential of the Japan Coffee Market, there are some challenges hindering the Japan Coffee Market growth during the forecast period. In general, the consumers are more hesitant to try foreign brands than those from domestically-owned companies and limited space for retail outlets selling coffee limits the exposure for new entrants into the market.
According to 6Wresearch, Japan Coffee Market is expected to grow during 2022-2028. The Asia-Pacific Coffee Market is expected to register significant growth in the upcoming years owing to the increasing demand from emerging economies and the growing population. The government is also investing in the future of coffee. Moreover, the government initiatives are aimed at improving the quality and sustainability of coffee production in Japan.
The coffee is becoming more popular in Japan is because it is perceived to be healthy. It contains antioxidants which help protect against diseases such as cancer. It also contains caffeine which helps give you energy. Additionally, many people believe that drinking coffee can improve productivity levels.
Furthermore, there are foreign companies who have decided to venture into the Japan Coffee Industry. However, there are several challenges faced by the Japan Coffee Market. For instance, the product quality is not as high and there are not enough good coffee roasters in Japan.
The COVID-19 pandemic impacted the Japan Coffee Market in various ways. During the pandemic, various manufacturing units of coffee was shut down on temporary basis. Additionally, the lack of labor force due to the lockdowns and unprecedented restrictions hindered the market growth. Many companies shifted their business to online during the epidemic and gained a lucrative growth on the back of work from home trends and increasing stress levels amid the crisis.
By Product Type, the market is segmented into Whole-Bean, Ground Coffee, Instant Coffee, Coffee Pods And Capsules. The Instant Coffee segment is expected to dominate the Japan Coffee Market share mainly due to its easy to make nature and taste.
Market analysis based on Distribution Channel
By Distribution Channel, the market is bifurcated into On-Trade and Off-Trade. Among these, the On-Trade is accounted to held the largest market share as more and more individual are moving to online mediums.
The report offers a comprehensive study of the subsequent market segments: