Product ID: UCMIR25Q2005
Report ID:
UCMIR25Q2005 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Japanese food service industry had a market value of USD 214.35 billion in 2022, and it is anticipated to experience substantial growth, reaching USD 236.29 billion in 2023 and projecting a robust increase to USD 475.46 billion by 2030, demonstrating a compounded annual growth rate (CAGR) of 10.50% throughout the forecast period. This sector encompasses all food and beverage consumption that occurs outside of one's home, either by dining at restaurants or ordering for home delivery. Consumers patronize restaurants for various reasons, including the opportunity to explore diverse culinary experiences, influenced by cross-cultural dietary preferences and the convenience of trying new flavors. This market represents one of the prominent industries in Japan, with notable concentrations in cities like Tokyo and Osaka, which continue to witness a continuous expansion in the number of dining establishments.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Restaurants by segment aggregation, the contribution of the Restaurants in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR25Q2005