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Japan Soy Beverages Market is segmented By Product Type (Soy Milk, Soy-Based Drinkable Yogurt), By Flavor (Plain Soy Beverages and Flavored Soy Beverages), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others)
Japan Soy Beverages Market is projected to grow at a CAGR of 4.5% during the forecast period (2020 - 2025).
Japan soy beverages market can be segmented by type which is classified as soy milk and soy-based drinkable yogurt. The market is also divided based on flavor including plain soy beverages and flavored soy beverages. Based on the distribution channel, the soy beverages market is classified as supermarkets/hypermarkets, convenience stores, online retail stores and others.
|Soy-Based Drinkable Yogurt|
|Plain Soy Beverage|
|Flavored Soy Beverage|
|By Distribution Channel|
|Online Retail Stores|
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Consumers are increasingly looking for lactose-free dairy alternatives, derived from plant sources, and the choice of products multiplying on the shelves satisfies health and wellness-orientated consumers’ taste for novelty and variety. There have been ongoing product innovations and launch activities in the market by the major players, for a range of increasingly sophisticated flavors and blends of non-dairy milks from different sources. Plant-based beverages provide vegetable protein or mixed proteins, which cater to the rising demand for a healthy lifestyle. It is observed that a soymilk plain beverage with higher viscosity, darker color, and higher protein content meets consumer expectations.
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Supermarket/Hypermarket offers consumers more competitive prices compared with traditional stores, which are unable to compete with other retail channels on price. The increasing availability of dairy-free food and drink products at mainstream supermarkets has allowed established users to widen their choices and ranges, with easy availability they are potentially prompting more regular use of these products. Supermarkets or hypermarkets have proper refrigeration facilities to store the products for a longer time without any change in the properties. Soymilk is available in different flavors other than its original flavor and various fortifications, supermarkets/hypermarkets provide them enough shelf space to exhibit the products.
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Japan soy beverage market is fragmented and the dominating players in the market are Kikkoman Corporation, The Hain Celestial Group, Otsuka Pharmaceutical Co., Ltd. and MARUSAN-AI Co., Ltd. The key players are adopting strategies such as new product launches, expansion, partnerships and mergers, and acquisition to meet the growing demand from consumers.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Soy Milk
5.1.2 Soy-Based Drinkable Yogurt
5.2 By Flavor
5.2.1 Plain Soy Beverage
5.2.2 Flavored Soy Beverage
5.3 By Distribution Channel
5.3.2 Convenience Stores
5.3.3 Online Retail Stores
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Kikkoman Corporation
6.3.2 Lam Soon Group
6.3.3 Vitasoy International Holdings Limited
6.3.4 Otsuka Pharmaceutical Co., Ltd.
6.3.5 MARUSAN-AI Co., Ltd
6.3.6 The Hain Celestial Group
6.3.7 Sapporo Holdings Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS