The Japan market accounts for nearly 28% of the Asian liqueurs market size. The market registered a compound annual growth rate (CAGR) of -11.8% during 2017-22 and -14.44% decline over 2021. According to GlobalData’s deep-dive analysis report, Japan liqueurs market databook, fruit liqueurs accounted for a notable share of 65% among various liqueurs segments in the market in 2022, followed by other liqueurs. The report also provides in-depth analysis and market forecast to 2027. Buy the report here.
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According to GlobalData’s company and brand analysis, Nakano BC, Choya Umeshu and Lejay Lagoute held significant shares in the Japan liqueurs market in 2022. Concurrently, Nakano, The Choya and Lejay Lagoute led in terms of brand market share. Nakano BC had the leading market share by volume in 2022. Companies operating in the Japan liqueurs market continue to use innovation to target gaps in product offering. Continuous tracking of market size and company performance is important to help competitors capture and maximize profits.
GlobalData’s channel analysis reveals that hypermarkets & supermarkets were the key channel of purchase for liqueurs, along with food & drinks specialists. Also, on trade recorded a notable growth during the COVID-19 pandemic, as consumers were forced to stay at home due to restricted movement opportunities.
Hypermarkets & supermarkets constituted the highest market share by volume in 2022. Consumers preferred this channel for its product assortment and competitive pricing. Food & drinks specialists was the next preferred channel in the Japan market.
Among the top Asian markets, South Korea accounted for the highest volume share in 2022, followed by China, Japan, and India.
With a growing number of consumers seeking to experiment with novel products, manufacturers and brands need to constantly innovate their flavours and formulations to remain relevant and competitive. Additionally, the popularity of e-commerce has made it easier for shoppers to compare product features and offerings across different brands.
To further understand and explore GlobalData’s insight into the liqueurs category and market forecast to 2027, buy the report here.
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