|
Published by: Business Monitor International
Published: Feb. 4, 2008 - 75 Pages
Table of Contents
- Executive Summary
- Business Environment
- Regional Food and Drink Business Environment Ratings
- Table: Asia Pacific Food & Drink Business Environment Ratings - Q108
- Japan’s Food and Drink Business Environment Rating
- SWOT Analysis
- Mass Grocery Retail
- Japan Mass Grocery Retail SWOT
- Food and Drink
- Japan Food And Drink SWOT
- Macroeconomic Outlook
- Table: Japan - Macroeconomic Forecasts
- Retail
- Regional Overview: Declining Role Of Independent Retail In Asia Pacific
- Table: MGR Versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006 (store numbers)
- Table: MGR versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006 (sales, US$mn)
- Industry Forecast Scenario
- Table: Japan Mass Grocery Retail Indicators - Sales Value by Format (US$bn) - Historical Data & Forecasts
- Table: Grocery Retail Sales by Format - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Table: Structure Of Japan’s Mass Grocery Retail Market By Estimated Number Of Outlets
- Table: Structure Of Japan’s Mass Grocery Retail Market, Sales By Format (US$bn)
- Table: Average Annual Sales Per Outlet By Format (US$mn)
- Table: Sales/Store Number Breakdown by Retail Format Type, 2006
- Food And Drink
- Regional Overview: Confectionery in the Asia Pacific region
- Table: Leading Global Chocolate Manufacturers
- Table: Leading Confectionery Companies in the Asia Pacific Region
- Industry Forecast Scenario
- Food
- Table: Food Consumption, Category Sales & Trade Indicators - Historical Data & Forecasts
- Drink
- Table: Japan Beverage Sub-Sectors - Volume/Value Sales - Historical Data & Forecasts
- Industry Developments
- Food
- Drink
- Market Overview
- Agriculture
- Table: Japan Agricultural Production by Sub-sector ('000 tonnes)
- Table: Japan Organic Agricultural Data
- Table: Japan Processed Dairy Production ('000 tonnes, unless stated)
- Food
- Drink
- Tobacco
- Industry Forecast Scenario
- Table: Cigarette Value/Volume Sales - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Competitive Landscape
- Key Players
- Mass Grocery Retail
- Table: Key Players In Japan’s Mass Grocery Retail Sector, 2007
- Food and Drink
- Table: Key Players in Japan’s Food And Drink Sector, 2006
- Regional Company Case Studies
- Food: Unilever In The Asia Pacific Region
- Table: Per Capita Food Consumption in Selected Asia Pacific Markets (US$)
- Drink: San Miguel Corporation In The Asia Pacific Region
- Table: San Miguel Corporation In The Asia Pacific Region
- Table: San Miguel Corporation Revenue And Earnings Growth By Operating Division, Q107 (%)
- Table: San Miguel Corporation - Sales By Market (US$mn)
- Table: San Miguel Corporation - Key Historical Data
- Mass Grocery Retail: Metro In The Asia Pacific Region
- Table: Metro Group - Five-Year Financial Results
- Company Analysis
- Mass Grocery Retail
- Seven & I Holdings SWOT
- Lawson Inc SWOT
- Food
- Ajinomoto SWOT
- Drink
- Kirin SWOT
- Asahi Breweries Ltd SWOT
- Food & Drink Ratings Appendix
- Introduction: Revised Methodology
- Ratings Overview
- Ratings System
- Indicators
- Table: Limits of Potential Returns
- Table: Risks to Realisation of Potential Returns
- Weighting
- Table: Weighting
- BMI Forecast Modelling
- How We Generate Our Industry Forecasts
- Retail Industry
- Sources
AbstractBMI’s newly-published Japan Food & Drink Report for Q108 examines how Japan’s food and beveragemarkets remain frustrating for both existing and would-be investors. On the hand this is one of theworld’s largest and highest-spending consumer goods markets, boasting buyers that are highly responsiveto all innovative new product launches. On the other it is an enormously mature market, in which sales incertain key industry sub-sectors have been stagnating for years in spite of sustained domestic andinternational investment. This conflict is highlighted by Japan’s position in BMI’s new Food & DrinkBusiness Environment Ratings - included for the first time in this report. Placing fifth out of 14 analysedmarkets, Japan’s appeal to investors is plain and yet market maturity, the absence of clear-cut growthopportunities and severe food import dependency all serve to make investors think twice.
The strategic activities of a number of Japan’s leading industry players, as discussed here, also serve tomake the point. Leading breweries Asahi Breweries and Kirin Holdings - struggling in a beer marketthat BMI expects to grow by just 9% in volume terms to 2012 - are both increasingly prioritising productdiversification and more importantly international expansion; Kirin frenziedly so. Within the final fewmonths of 2007 Kirin paid US$2.6bn each for local drug maker Kwoya Hakko Kogya, to bolster itspharmaceuticals divisions, and Australian food major National Foods, to improve its geographicdiversity. In pursuit of the latter objective, Kirin also expanded its soft drinks interests in China with theconstruction of a new Shanghai plant, as well as entering into a soft drinks joint venture in Vietnam.However, while many firms look beyond Japan for growth, others are continuing to prioritise seeking newopportunities within the country. Leading cigarette producer Japan Tobacco International (JTI) - keento diversify away from what is now a declining industry - has sought expansion in the domestic foodmarket. In November 2007, in partnership with Nissin Food Products Co, JTI acquired frozen foodmanufacturer Katokichi Co. Yes, frozen food is also a mature market sub-sector, but for both companiesit offers sufficient synergies and development potential to be deemed worthy of a US$1bn acquisition.Seeking a different sort of opportunity, Swiss chocolate giant Barry Callebaut upped its commitment toJapan at the end of 2007, entering into a partnership with local food producer Morinaga. Of course, inthis age of health consciousness, the confectionery industry - which BMI expects to grow by just 7% byvolume to 2012 - is about as stagnant as it comes. However, Callebaut has viewed this as an opportunity,not a risk. Yes, people are consuming less chocolate, but why not then get them to indulge in betterquality, more expensive and perceived healthier variants, on which producers make far greater margins?The following report shows that Japan is, and will remain, a hugely attractive market for food and drinkinvestors, provided they have the capacity to innovate and the willingness to accept sound profits andsteady sales over explosive long-term growth.
Get Full Details About This Report >>
|
|
US: 800.298.5699
Int'l: +1.240.747.3093
|
|
|
|
About MarketResearch.com
MarketResearch.com is an online aggregator selling over 160,000 market research reports, company profiles and country profiles from over 600 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.
© MarketResearch.com 2008
|