The market is dominated by domestic suppliers, as imports account for 9.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 73.0% of total demand in 2022. Japan has the second largest market size for pet food and animal feeds regionally, with demand reaching USD25.5 billion in 2022. Feed One Co Ltd is the largest company in Japan, generating 14.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 46.9% of total production value in 2022. The total number of companies increases in 2022, to 1,625 units. The costs of the industry decrease by 13.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 25.1% of production value in 2022, the second highest regionally. The industry’s exports share increases in 2022 to 0.6% of total production output. With production value of USD17.4 billion, Japan accounts for 4.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Pet Food and Animal Feeds in Japan: ISIC 1533. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pet Food and Animal Feeds in Japan: ISIC 1533 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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