U.S (New York) – New research study titled “Japan Bottled Water Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Key Players[Suntory Holdings Limited, The Coca-Cola Company, Asahi Group Holdings, Ltd., FamilyMart Co., Ltd., Evian, Aqua Clara, Otsuka foods, FIJI Water, Dr. Silica Sdn Bhd, Fillico],
Report Ocean, revealed that the Japan bottled water market is estimated to grow at a CAGR of 7.1% during the forecast period of 2022-2028.
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Japans bottled water market is flourishing at a high rate because of the increasing water pollution levels and declining access to safe drinking water in the country, which is prompting Japanese citizens to shift towards bottled water. The increasing health consciousness among consumers is also acting as a major driving factor for market growth.
Furthermore, with increasing market scope, the industry players are launching a wide range of bottled water and are significantly focusing on improving their distribution channels to boost the products accessibility, thereby propelling the Japan bottled water market forward. However, increasing concerns surrounding environmental pollution by single-use plastic water bottles may act as a major restraining factor to this market during the forecast period.
Declining Water Quality Levels in Japan Anticipated To Drive the Market Growth During the Forecast Period
Japan is one of the countries that offer exceptionally clean and drinkable tap water. However, several instances of declining water quality that have affected the trust of its citizens have emerged in recent years. It has been reported that some tap water contained radioactive materials, making it unsafe for babies to drink. Additionally, increasing acidity levels have adversely affected Japan’s lakes, rivers, and surrounding waters as a result of industrial pollutants. Thus, the pollution levels in the surface water of rivers and streams significantly affect people’s access to safe drinking water. Due to these factors, the demand for bottled water is projected to surge across Japan during the forecast period.
Increasing Spending on Advertisement and Marketing Boosting Japan Bottled Water Market Growth
Advertisements and marketing campaigns play an important role in driving sales in any industry. The same holds true for Japan’s bottled water market. Japanese players lavishly invest in these strategies to boost their market sales. Bottled water appeals primarily to working adults between the ages of 25 and 44. Therefore, the market players offer attractive packaging to attract consumers. They also establish partnerships with offices, sponsor events, and offer their products as refreshments during charitable events, etc.
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Japan Bottled Water Market – By Distribution Channel
Based on distribution channels, the Japan bottled water market is grouped into on-trade, off-trade segments. The off-trade segment dominates the Japan bottled water market. This segment is further classified into supermarkets/hypermarkets, convenience stores, retail stores, specialty stores, online channels, home & office delivery, and others. Among these, the convenience stores segment holds the largest market share owing to the availability of a wide range of bottled water brands of different sizes in such stores. Furthermore, the presence of a high number of convenience stores in Japan also drives its market growth.
Impact of COVID-19 on Japan Bottled Water Market
The Japan bottled water market was negatively impacted by the unprecedented COVID-19 outbreak. The demand for bottled water in the country witnessed a sharp decline as the Japanese government announced a state of emergency across the country as soon as the coronavirus was declared a pandemic by the WHO. The operations of major on-trade distribution channels of bottled water, such as airports, railways, hotels, restaurants, were restricted, which directly affected the market demand for bottled water. Furthermore, restrictions were placed on foreign arrivals due to the high risks of COVID-19 spreading on a global level, which also impacted market growth.
Japan Bottled Water Market- Competitive Landscape
The leading players in the Japan bottled water market are Suntory Holdings Limited, The Coca-Cola Company, Asahi Group Holdings, Ltd., FamilyMart Co., Ltd., Evian, Aqua Clara, Otsuka foods, FIJI Water, Dr. Silica Sdn Bhd, Fillico, and other prominent players.
Market Segment:
By Product Type(Spring Water, Purified Water, Mineral Water, Distilled Water, Sparkling Water, Others)
By Category(Water Exchange, Refill, New)
By Distribution Channel(On-Trade, Off-Trade)
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
Threat of New Entrants:
- If the threat of new entrants is high, it indicates that buyers have more options and can easily switch suppliers, increasing their bargaining power.
- Industry details: An industry with low entry barriers and minimal regulatory restrictions may attract new entrants, which can give buyers more choices and negotiating power.
Bargaining Power of Suppliers:
- If suppliers have strong bargaining power, they can dictate terms and prices, reducing buyer power.
- Industry details: Industries with few suppliers, unique resources or expertise, or limited alternative suppliers may give suppliers more power, affecting buyers’ ability to negotiate favorable terms.
Bargaining Power of Buyers:
- If buyers have strong bargaining power, they can demand lower prices, better quality, or additional services from suppliers.
- Industry details: Industries with many buyers, low switching costs, or readily available alternatives can enhance buyer power and their ability to negotiate favorable deals.
Threat of Substitute Products or Services:
- If there are many substitute products or services available, buyers can easily switch, giving them more power.
- Industry details: Industries with numerous substitutes or evolving technologies that provide alternative solutions can give buyers the upper hand in negotiations.
Intensity of Competitive Rivalry:
- High competition among existing industry players can give buyers more options and bargaining power.
- Industry details: Industries with many competitors, slow industry growth, or low differentiation between products/services may result in intense rivalry, benefiting buyers.
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