Japan Avocado Market
Japan Avocado Market Trend, Opportunity, and Forecast Analysis, 2024-2033
Japan Avocado Market is segmented by Type, Form, Distribution channel. KDMI analyst’s growth analysis foresees market revenue to cross USD 362.9 million by 2033 by growing with a CAGR of 4.30% during 2024-2033.
Japan Avocado Market Highlights
The Japan Avocado market is expected to cross a market size of USD 362.9 million by the end of 2033. The market size was valued at USD 238.7 million in 2023 and is expected to expand at a CAGR of 4.30% between 2024-2033.
- Over the mid-term, the rising health awareness is the primary factor anticipated to drive the Japan Avocado market.
- Inadeqaute production is a major factor to challenge the market growth.
Japan Avocado Market: Report Scope |
|
Base Year |
2023 |
Base Year Market Size |
USD 238.7 Million |
Forecast Year |
2024-2033 |
Forecast Year Market Size |
USD 362.9 Million |
CAGR Value |
4.30% |
Japan Avocado Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Japan Avocado Market Segmentation |
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Japan Avocado Market Key Players |
Interoleo Co., Ltd., Royal Co Ltd., Meiwa Co., Ltd., Sumifru Japan Corporation, Timipere Allison, Hanwa Co., Ltd., ITOCHU Corporation, and AVOCADO OIL JAPAN, K., and others. |
Japan Avocado Market Outlook
Avocado is a kind of tropical fruit with dark green or purple skin. It has a large round seed and soft pale green flesh that can be eaten raw. Avocados are also known as alligator pear which can be served as salad on toast with poached egg or porridge. They are known for their creamy texture and has nutritional benefits, containing healthy fats, fiber, and various vitamins and minerals.
The population of Japan is well known for its healthy diet and low obesity levels. The consumers of Japan are aware about the benefits of avocados being rich in healthy fats, vitamins and minerals as well as in promoting heart health and over all wellbeing. They are an excellent source of nutrients such as Vitamin K, pantothenic acid (B5), and Fiber among a few. It is also beneficial for the digestive system as it helps to promote the growth of healthy bacteria. Therefore, the beneficial qualities thus increase the demand for avocados thereby boosting the market growth. For instance, Japan imported 76.694 tons of avocado in 2021, the volume has increased from 60,635 tons in 2016. In addition, according to Avocados Australia’s CEO, they are planning to expand the exports every year, as demand from Japan is steadily increasing for avocados. In the nation, people often refer to avocados as “the butter of the forest” due to their buttery consistency, rich flavor, and high-calorie content. Interoleo Co., Ltd., Royal Co Ltd., Meiwa Co., Ltd., Sumifru Japan Corporation are some of the significant parties in the market for Japan Avocado.
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Japan Avocado Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the Japan Avocado market are:
- Various Culinary presentations: In Japanese cuisine, avocados, beyond traditional uses they are used in different salads, sushi rolls, and toast. The buttery or creamy texture and mild flavor drives demand in both home cooking and restaurant menus. For instance, the Japanese are fond of coffee. The coffee culture in Japan started back in the mid-1800s. Furthermore, avocado coffee is well-known in the country. As avocado provides a smoothie texture to the beverage, it is popularly demanded in Japan
- Increasing urbanization and variation in consumer choices: Among the total population in Japan 92% of the people live in urban cities. Due to increasing urbanization and incomes it allows people to upgrade their standard of living and lead toward a healthier life thereby gearing demand for nutritious foods like avocados. For instance, Avocados are rich in Vitamin K and fiber. Also it promotes the growth of healthy bacteria which helps in quick digestion. Moreover, Japanese people are coffee lovers and love to have avocado coffee as a favorite beverage.
Which Probable Factors Could Hamper the Growing Japan Avocado Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of Japan Avocado are:
- Inadequate production: Japan has inadequate production of domestic avocado due to factors like climate and lack of suitable land. It relies on heavy imports due to its high demand which is susceptible to fluctuations in global prices and supply chain disruptions.
- Supply challenge and seasonality: the production of avocado is seasonal, with specific harvesting periods in different regions. This leads to supply shortages and price volatility, making it though provoking for the market to maintain consistent year-round availability.
How is the Japan Avocado Market Segmented?
Our experts at KD Market Insights have segmented the Japan Avocado market research report as:
By Type |
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By Form |
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By Distribution channel |
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Which Key Players Top the Japan Avocado Market Share?
As per our analysts at KD Market Insights, the competitive landscape of Japan Avocado market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Japan Avocado market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the Japan Avocado market share:
- Interoleo Co., Ltd.
- Royal Co Ltd.
- Meiwa Co., Ltd.
- Sumifru Japan Corporation
- Timipere Allison
- Hanwa Co., Ltd.
- ITOCHU Corporation
- AVOCADO OIL JAPAN, K.K
What are the Recent Developments Observed in the Japan Avocado Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with Japan Avocado market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, The Agronomy Federation of Yucatan announced that it has begun the process to export mamey, pitahaya, and avocado to Japan since current production volumes allow a container of these products to be sent at least every three months.
Further, a major Japanese supermarket chain announced a joint venture with a leading avocado producer from Mexico. The partnership aims to enhance the distribution and availability of avocados in Japan by improving logistics and ensuring a steady supply of high-quality fruits to meet growing consumer demand.
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Japan Avocado Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Type
- By Form
- By Distribution Channel
- Market Segmentation by Type
- Hass Avocado
- Bacon Avocado
- Others
- Market Segmentation by Form
- Fresh
- Processed
- Market segmentation by distribution channel
- Business-to-Business (B2B)
- Business-to-Customer (B2C)
- Regional Analysis
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- Interoleo Co., Ltd.
- Royal Co Ltd.
- Meiwa Co., Ltd.
- Sumifru Japan Corporation
- Timipere Allison
- Hanwa Co., Ltd.
- ITOCHU Corporation
- AVOCADO OIL JAPAN, K.K.
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 2nd July 2024
- Base year: 2022
- Forecast year: 2023-2033
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