Market Size of japan chocolate Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2018 - 2030 |
|
Market Size (2024) | USD 5.60 Billion |
|
|
Market Size (2030) | USD 6.50 Billion |
|
Largest Share by Distribution Channel | Convenience Store |
|
|
CAGR (2024 - 2030) | 2.50 % |
|
|
Fastest Growing by Distribution Channel | Online Retail Store |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Japan Chocolate Market Analysis
The Japan Chocolate Market size is estimated at 5.60 billion USD in 2024, and is expected to reach 6.50 billion USD by 2030, growing at a CAGR of 2.50% during the forecast period (2024-2030).
5.60 Billion
Market Size in 2024 (USD)
6.50 Billion
Market Size in 2030 (USD)
1.11 %
CAGR (2018-2023)
2.50 %
CAGR (2024-2030)
Largest Segment by Confectionery Variant
71.54 %
value share, Milk and White Chocolate, 2023
The innovative flavor offerings possible in White chocolate, followed by the preference for varied taste profiles in the region, are anticipated to drive segmental growth.
Largest Segment by Distribution Channel
37.81 %
value share, Convenience Store, 2023
Regulatory measure has encouraged foreign players to focus their investments on larger stores in the region with tailored products, making it a major segment in the region.
Fastest-growing Segment by Confectionery variant
3.02 %
Projected CAGR, Dark Chocolate, 2024-2030
The escalating sales of premium-quality Dark chocolate products in the country and rising consumer expenditure capacities are creating market growth in the region.
Fastest-growing Segment by Distribution Channel
3.11 %
Projected CAGR, Online Retail Store, 2024-2030
The ease of shopping experience through online channels and the increasing number of retailers present in this channel has become the major driver in the segment.
Leading Market Player
5.81 %
market share, Meiji Holdings Company Ltd, 2022
Availability of wide product portfolio with growing number of SKUs tailored accordingly to meet wider consumer needs is making Meiji the largest growing company in the market.
Increasing networking of stores benefits the supermarkets/hypermarkets and convenience stores, making almost 70% of the value share
- Convenience stores are the primary sales channel for chocolates in Japan. They provide an ideal platform for chocolate brands to showcase their products. Convenience stores are the preferred choice of consumers for buying a wide range of chocolate, including milk and dark chocolates, made locally or imported from other countries. The sales value of chocolate through convenience stores increased by 1.7% in 2023 compared to 2022.
- The growing number of convenience stores is another factor anticipated to offer profitable growth opportunities for the chocolate market. As of 2022, there were over 58,000 convenience stores across Japan, most open 24 hours a day, 7 days a week. Among these, 7-Eleven had more than 21,000 stores in Japan, making it the largest convenience store chain in Japan. Family Mart stood in second place with 16,500 locations in Japan.
- After convenience stores, supermarkets and hypermarkets are Japan's second most widely preferred distribution channels for chocolate purchases. The sales value of chocolates in supermarkets and hypermarkets grew by 4.5% from 2021 to 2023. They offer consumers a convenient experience of diverse shopping under a single roof. They provide consumers a premium advantage, i.e., higher availability of chocolate confectionery products at discounts and easy checkouts.
- Online retail channels are expected to grow at the highest rate in the forecast period due to convenience, discounted rates, and one-day delivery options. The sales value of chocolates through online retail channels is expected to register a CAGR of 2.99% from 2023 to 2029.
Understand The Key Trends Shaping This Market
