Japan: Retail Foods
Link to report:
In 2020, the total value of all retail food and beverage (F&B) sales in Japan was $474.13 billion, a 1.5 percent increase over 2019 sales of $466.97 billion. One-stop shopping became very important during the COVID-19 pandemic, especially during multiple States of Emergency throughout Japan when the government urged citizens to stay home. Supermarkets continue to represent the bulk of the retail food market, accounting for a 74 percent share. Drugstores and internet sales of food and beverages are steadily increasing. Ready-to-eat meals (REM) and take-home food items represent another strong area of growth, and sales from this sector are key to increase retail food and beverage industry revenue.
