With the Japanese population likely to continue to decline over the medium term, sales in the Japan fresh food market will continue to decline. Add to this the greater reliance on processed foods for both elderly and younger consumer groups and the Japanese fresh food industry is in line for a period of continued change. So is the Japanese farming sector, which desperately needs modernisation and is threatened by Japan's proposed engagement with the Trans-Pacific Partnership (TTP, a free trade pact), which would open the sector up to tariff-free competition.
In part related to Japan's ageing population, health and wellness has long been a significant trend across much of fast-moving consumer goods. Recession or no recession, Japanese consumers continue to favour products and ingredients that promise improved health. This has proved all the more important to manufacturers as consumers are willing to pay a premium for such products, which has meant that although household budgets are being squeezed consumers have on the whole been happy to spend on products which have the allure of improved health benefits.
In part linked to health and wellness, Japanese consumers continue to have heightened sensitivity to health concerns revolving around fresh food. Most notably the Fukushima nuclear incident continues to have an influence on consumers' confidence over a range of fresh food products, so too have protracted issues with Bovine Spongiform Encephalopathy (BSE or "mad cow disease") in the national cattle herds as well as salmonella in eggs and poultry. Whilst the risk in many cases might be considered low, any health threat has a tendency to be covered somewhat sensationally in the national press and television, which tends to have a deep and long-lasting effect on consumption.
For more information on the Japan fresh food market, please click here: Japan fresh food market
Find us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.