Triton Market Research estimates the market for edible oil in Japan to progress with a CAGR of 1.98% based on revenue and 1.81% based on volume over the forecast period 2023-2028. It is estimated to gather $XX million in value and XX million liters in volume by 2028.
Edible oil, commonly known as cooking oil, consists of triglycerides that are made of three fatty acids and one glycerol unit. These oils, obtained from plants, animals, or microorganisms, are considered suitable for consumption at room temperature. Olive oil, palm oil, soybean oil, canola oil, and sunflower oil are commonly used to enhance food flavor.
Edible oils act as an intensive source of energy that delivers essential nutrients to the body, including vitamins A and D. Moreover, they function as a heat transfer medium at high temperatures, such as frying. They also enhance taste sensation in spreads and salad dressings, adding flavor and texture to various foods. The Ministry of Health, Labor and Welfare (MHLW) oversees Japan’s edible oil manufacturing, packaging, and dispersal.
As Japanese consumers become more health conscious, it is anticipated that they will switch to olive oil. Due to its relatively lower cost and numerous health advantages, including lower LDL cholesterol, rice oil has also gained prominence in the country. Besides, the Japanese food sector is expanding, which will significantly augment edible oil sales. Thus, the aforementioned elements will support Japan’s edible oil market expansion.
Due to customers’ generally low brand loyalty, the price of edible oils will continue to be the primary determining factor in purchasing decisions. Additionally, key players, including J-Oil Mills and Nisshin Oillio, hiked the prices of their products in 2020 and 2021 due to growing production expenses, including rising ingredient and import costs. Due to increased demand from China and the shortage of rapeseed oil due to unfavorable weather conditions in North America, the price of ingredients has increased. This is expected to have a negative effect on the studied market.
Triton Market Research’s report provides in-depth insight into the Japan edible oil market, along with segmentation analysis. The detailed analysis of the market includes PESTLE analysis and value chain analysis. The segmentation analysis of the Japan edible oil market includes market by type and distribution channel.
The key players in the edible oil market are Nisshin Oillio Group Ltd, J-Oil Mills Inc, Kadoya Sesame Mills Inc, Takemoto Oil & Fat Co Ltd, and Kato Sangyo Co Ltd.
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1. JAPAN EDIBLE OIL MARKET - SUMMARY
1.1. MARKET SIZE & FORECASTS
1.2. MARKET DRIVING ASPECTS
1.3. MARKET RESTRAINING ASPECTS
1.4. KEY PLAYERS
2. JAPAN EDIBLE OIL MARKET OUTLOOK
2.1. MARKET DEFINITION
2.2. MARKET SHARE ANALYSIS
2.3. BRAND SHARE ANALYSIS
2.4. PESTLE ANALYSIS
2.5. VALUE CHAIN ANALYSIS
2.6. IMPACT OF COVID-19 ON THE JAPAN EDIBLE OIL MARKET
3. JAPAN EDIBLE OIL MARKET – BY TYPE (IN $ MILLION & IN MILLION LITERS)
3.1. OLIVE OIL
3.2. RAPESEED OIL
3.3. OTHER EDIBLE OILS
4. JAPAN EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)
4.1. RETAIL CHANNEL
5. COMPETITIVE LANDSCAPE
5.1. NISSHIN OILLIO GROUP LTD
5.2. J-OIL MILLS INC
5.3. KADOYA SESAME MILLS INC
5.4. TAKEMOTO OIL & FAT CO LTD
5.5. KATO SANGYO CO LTD
6. RESEARCH METHODOLOGY & SCOPE
6.1. RESEARCH SCOPE & DELIVERABLES
6.2. SOURCES OF DATA
6.3. RESEARCH METHODOLOGY
TABLE 1: JAPAN EDIBLE OIL MARKET 2023-2028 (IN $ MILLION)
TABLE 2: JAPAN EDIBLE OIL MARKET 2023-2028 (IN MILLION LITERS)
TABLE 3: JAPAN – COUNTRY SNAPSHOT
TABLE 4: JAPAN EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN $ MILLION)
TABLE 5: JAPAN EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN MILLION LITERS)
TABLE 6: JAPAN EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 1: JAPAN EDIBLE OIL MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 2: JAPAN EDIBLE OIL MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 3: VALUE CHAIN ANALYSIS
FIGURE 4: JAPAN EDIBLE OIL MARKET, BY TYPE, 2022 & 2028 (IN %)
FIGURE 5: JAPAN EDIBLE OIL MARKET, BY OLIVE OIL, 2023-2028 (IN $ MILLION)
FIGURE 6: JAPAN EDIBLE OIL MARKET, BY RAPESEED OIL, 2023-2028 (IN $ MILLION)
FIGURE 7: JAPAN EDIBLE OIL MARKET, BY OTHER EDIBLE OILS, 2023-2028 (IN $ MILLION)
FIGURE 8: JAPAN EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)
FIGURE 9: JAPAN EDIBLE OIL MARKET, BY RETAIL CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 10: JAPAN EDIBLE OIL MARKET, BY HOMESHOPPING, 2023-2028 (IN $ MILLION)
FIGURE 11: JAPAN EDIBLE OIL MARKET, BY E-COMMERCE, 2023-2028 (IN $ MILLION)