Bakery Market in Japan: Forecast, and Market Analysis 2015-2019
About Bakery Market
Baking is a process where the food is cooked by using continuous dry heat by convection. Baked goods include a variety of products like bread and bread substitutes, cakes, biscuits, and breakfast cereals. They are available in retail outlets such as supermarkets, departmental stores, independent stores, and speciality stores.
Bakery products have become very popular in Japan. Breads and biscuits are the most consumed products but demand for other bakery items like cakes, pastries, and cookies is also increasing.
Technavio's analysts forecast the bakery market in Japan to grow at a CAGR of 1.76% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the bakery market in Japan for the period 2015-2019.
The report also includes the market size by revenue and volume generated from the following segments:
Technavio Announces the Publication of its Research Report – Bakery Market in Japan 2015-2019
Technavio recognizes the following companies as the key players in the Bakery Market in Japan: Yamazaki, Shikishima, Fuji Baking, Bourbon and Ezaki Glico
Other Prominent Vendors in the market are: First Baking, Ishiya Co., Ltd., Kkobeya Baking, Lotte, Mondelez International, Nihoshokulin, Nissin Foods Holding, Seika Foods and Takaki Bakery Co., Ltd.
Commenting on the report, an analyst from Technavio’s team said: “Demand for premium quality goods is increasing in the market because of high disposable income, food safety, and health consciousness. In 2014, Yamazaki Baking launched a new brand of premium quality pastries, Oishii Kashipan, in the market, which became a huge success. Sales of premium quality goods will drive the market in Japan. Increase in number of elderly consumers will boost demand for the premium quality bakery market because they believe in a balanced diet that is nutritional and healthy.”
According to the report, changing lifestyles and increased standard of living have changed the eating habits of consumers to a growing fondness for ready-to-eat food items. Consumers of all age groups and even consumers from rural areas have joined this trend. The Japanese population has a growing inclination toward western culture and lifestyle. Cuisines from different countries are being adopted here, for instance, French dishes are now gaining popularity in Japan. Sweets are made with a combination of both French and traditional Japanese cuisines.
Further, the report states that high production cost is hindering growth of the bakery market in Japan.
Yamazaki, Shikishima, Fuji Baking, Bourbon and Ezaki Glico, First Baking, Ishiya Co., Ltd., Kkobeya Baking, Lotte, Mondelez International, Nihoshokulin, Nissin Foods Holding, Seika Foods, Takaki Bakery Co., Ltd.