Sales of processed foods in Japanese convenience stores have shown a consistently rising trend from 2013 to 2023, with actual figures rising from 2.6688 trillion yen to 3.4788 trillion yen. This represents a steady increase, though growth rates have decelerated over time. Notably, the year-on-year growth rate has decreased from its peak of 5.39% in 2014 to 1.53% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 1.45%.
From 2024 onward, forecasts suggest sustained but modest growth, with the figure expected to reach 3.725 trillion yen by 2028. The forecasted five-year CAGR stands at 1.08%, indicating a continued but slower rate of expansion compared to the historical trend.
Future trends to watch for include a potential shift in consumer preferences towards healthier and specialty processed foods, the impact of demographic changes, and evolving retail technologies that could drive innovation and efficiency in convenience stores.
