Market Analysis Report Japan Frozen Food Market

Your Catalyst to a Lucrative Business Japan Frozen Food Market Share, Size, Segmentation, Outlook and Forecasts to 2024 | Hexa Research “ Japan frozen food market is expected to reach USD 5,631.0 million by 2024.” 17 January 2019 Japan frozen food market is expected to reach USD 5,631.0 million by 2024 driven primarily by ageing population and busy lifestyle. About 23 % to 25 % of the domestic expenditure in Japan is on food. The culture of Japan is heavily influenced by senior citizen owing to growing ageing population and minimum youth segment. A young adult who lives in a single household, often eat outside and prefer good quality food owing to a busy lifestyle. Growing influence of healthy nutritional food, busy lifestyle and increase in the numbers of single person household is correlated with an increase in the sale of frozen meals or o n-the-way food products. E-commerce as well as mobile(m)-commerce, both channels are expected to be a lucrative market for the sale of frozen food products. Japan is dominated by elder population; a senior citizen is expected to be the most active online citizen in Japan. Despite the small-scale sale of online frozen food products, the growth rate is expected to be in double digits over the coming years. Major supermarket and hypermarket stores are also offering online grocery service hence the frozen food market is expected to show tremendous growth over the forecast period. In the business sector, food and service industry is growing hence the need for ready meals or Convenience, Value, and Service (CVS) categories are growing at a brisk pace. Furthermore, home delivery and nursing Follow Us: