The aggregate profit produced by Japan-based suppliers of probiotic yogurt is likely to amount to around USD 1,048.6 million as of 2023. The country-wide demand for probiotic yogurt is expected to develop at a compound annual growth rate (CAGR) of 8.2% between 2023 and 2033. The sales of probiotic yogurt in all forms in Japan is estimated to reach a value of USD 2,312 million by the end of 2033.
Key Insights on the Probiotic Yogurt Sector of Japan
Attributes | Details |
---|---|
Industry size of Japan in 2023 | USD 1,048.6 million |
Expected Industry Size of Japan by 2033 | USD 2,312 million |
Forecasted CAGR between 2023 to 2033 | 8.2% |
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The domestic demand for food items infused with probiotic organisms in Japan is booming due to the growing percentage of elderly people suffering from digestive problems. In an effort to attract more consumers, traditional dairy product sellers in Japan are revitalizing their product lines to highlight the health benefits of yogurt.
The culture of new health-promoting bacteria strain lines, coupled with the improved natural advantages of yogurt, has contributed to the increased consumption of probiotic yogurt in Japan. To cater to health-conscious consumers in Japan, probiotic yogurt suppliers have reduced the amount of sugar, artificial additives, and preservatives.
The proliferation of online retail channels for specialty food items and packaged beverages has certainly increased the sales of probiotic yogurt in Japan in recent years. Many probiotic sellers in Japan have increased their presence on social media platforms and eCommerce websites to promote their products online.
As per our findings, the drinkable probiotic yogurt segment could hold around one-fourth of the revenue share in Japan in 2023.
Probiotic Yogurt in Japan based on Product Type | Drinkable Probiotic Yogurt |
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Total Share (2023) | 25% |
In the coming years, drinkable probiotic yogurt sales are anticipated to stay high with the introduction of novel flavors and growing demand from commercial users. However, spoonable probiotic yogurt's enormous popularity in Japan is still held by consumers who favor the product's flavor, mouthfeel, and texture.
The demand for plant-based probiotic yogurt in Japan is picking up and is estimated to capture around 10% of the regional sales in 2023.
Probiotic Yogurt in Japan based on Source Type | Plant-based |
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Total Share (2023) | 10% |
Plant-based yogurt products came into the limelight only in the last decade, following the global movement for a vegan lifestyle and animal welfare. Not only have manufacturers improved the taste of plant-based probiotic yogurt, but there are now even more flavors to choose from in this category.
Given the presence of both regional and prominent global competitors in probiotic yogurt, such as Yakult Honsha, Meiji, and Morinaga, the overall industry in Japan is highly competitive. Regional players have been consistently trying to expand their presence in the country by engaging in collaborations and forming partnerships with international players. For example, Danone Company currently owns 20% of the stock of Yakult, which is one of the top probiotic brands in Japan and other Asian countries.
Recent Developments in Probiotic Yogurt in Japan
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 1,048.6 million |
Projected Industry Size by 2033 | USD 2,312 million |
Anticipated CAGR between 2023 to 2033 | 8.2% CAGR |
Historical Analysis of Demand for Probiotic Yogurt in Japan | 2018 to 2022 |
Demand Forecast for Probiotic Yogurt in Japan | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Probiotic Yogurt in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local and Japan Providers |
Key Cities Analyzed while Studying Opportunities in Probiotic Yogurt in Japan | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
Key Companies Profiled | Yakult Honsha Co., Ltd.; Morinaga Milk Industry; Meiji Co., Ltd.; Danone Japan; Nissin Food Products; BioGaia Co., Ltd.; Nestle Japan; General Mills Japan; Glac Biotech Inc.; Asahi Holdings Group |
The anticipated CAGR for probiotic yogurt in Japan through 2033 is 8.2%.
Demand for probiotic yogurt in Japan is likely to exceed USD 2,312 million by 2033.
Probiotic yogurt sellers in Japan are marketing over online platforms to boost sales.
The drinkable probiotic yogurt leads with one-fourth revenue share in 2023.
Plant-based probiotic yogurt segment creates 10% of the overall demand in Japan.
Market Estimated Size (2023) | USD 26,543.0 million |
---|---|
Market Forecasted Size (2033) | USD 58,092.8 million |
Market CAGR (2023 to 2033) | 8.0% |
Market Size Value in 2022 | USD 394.1 Million |
---|---|
Market Forecast Value in 2032 | USD 566.7 Million |
Growth Rate (2022 to 2032) | 3.7% CAGR |
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