Market Size of japan dairy Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 31.34 Billion |
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Market Size (2029) | USD 38.68 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 4.30 % |
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Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Japan Dairy Market Analysis
The Japan Dairy Market size is estimated at 31.34 billion USD in 2024, and is expected to reach 38.68 billion USD by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).
31.34 Billion
Market Size in 2024 (USD)
38.68 Billion
Market Size in 2029 (USD)
2.97 %
CAGR (2017-2023)
4.30 %
CAGR (2024-2029)
Largest Market by Category
35.08 %
value share, Yogurt, 2023
With the advent of functional products, and the emphasis on low calorie, low sugar, digestive products, the yogurt segment is anticipated to be fastest segment in the forecasted period.
Largest Market by Distribution Channel
93.39 %
value share, Off-Trade, 2023
The growth of segment in the country is largely driven with the existence of an inviting place for customers to shop, as they are constantly drawn to make large purchases.
Fastest-growing Market by Category
4.57 %
Projected CAGR, Milk, 2024-2029
Fresh milk has gained traction as the Japanese dairy farming sector grew and families had more disposable income with rising recognition towards milk as health ingredient.
Fastest-growing Market by Distribution Channel
4.38 %
Projected CAGR, Off-Trade, 2024-2029
The technological advancements making freedom to browse digital catalogs without any hurry in a priceless way is driving off-trade retail channels through Online stores.
Leading Market Player
12.01 %
market share, Meiji Dairies Corporation, 2022
Meiji Holdings Co Ltd's go through technologies in the market suitable for easier production is increasing product availability and distribution, which is driving the segmental growth.
Strong penetration of organized retail channels is fueling the market growth
- Dairy products are primarily sold through the off-trade retail channel in Japan. Supermarkets and hypermarkets account for the largest market share among off-trade channels, as they provide the added advantage of influencing the consumer's decision to purchase from a large variety of dairy products available in the market. As a result, this channel is considered the primary sales channel for dairy products, holding more than 62% of overall sales across the country.
- In Japan, convenience stores stand second in the sales of dairy products, behind supermarkets and hypermarkets. In 2022, the sales value of dairy products through convenience stores increased by 3.5% compared to 2021. Many convenience stores in Japan stay open longer than traditional retail stores, resulting in more time for the company's products to be sold.
- Dairy products are commonly used in authentic Japanese restaurants and foodservice channels, further boosting the market's growth. Major fast-food chains in Japan add milk, yogurt, and cheese to their menus. Dairy sales through the on-trade channel are anticipated to grow by 9.6% in 2025 compared to 2022. The growth may be aided by consumers preferring dining out or ordering takeout. As of 2021, 23% of consumers said they dined out about two to three times per month.
- Compared to other dairy products, yogurt accounted for the majority share in all retail channels. In 2022, yogurt accounted for 35% of the total category, and milk was in second place with 24.6% of the value share.
Understand The Key Trends Shaping This Market
