Convenience stores, fast foods, and daily foods sales in Japan recorded a value of 5.084 trillion Japanese Yens in 2023. Sales exhibited considerable growth from 2013 to 2023, despite a notable decline in 2020, driven by the COVID-19 pandemic. Year-on-year variations showed fluctuations, with significant recovery post-2020. The compound annual growth rate (CAGR) over the five years leading to 2023 was 2.21%. Forecasted data till 2028 suggests a gradual growth trajectory with a forecasted 5-year CAGR of 1.72%, reflecting a more modest yet steady increase.
Future trends to watch for include the impact of increasing digitalization and e-commerce on convenience store operations, potential changes in consumer preferences toward healthier food options, and the strategies companies adopt to address demographic shifts and economic conditions in Japan.
