Megatrends in Japan

August 2023

This Megatrends report highlights long-term trends resulting from shifts in consumer values and behaviour. It provides a summary of each of Euromonitor International’s 10 focus megatrends and insights as to how each trend has manifested in Japan.

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This report comes in PPT.

Overview:

Consumer Lifestyle reports provide detailed snapshorts of the behaviours, attitudes and spending patterns of consumers in 40 countries. 

The Lifestyles reports offer valuable statistics and insights into key consumer traits and values, linking behaviour trends with purchase and consumption habits. Using lifestyles survey data, these reports quantify behaviours, preferences and motivations both now and in the future across specific consumer-related topics relating to how consumers live, shop, work and play in 40 markets. Analysis is also included on how Euromonitor’s 8 focus megatrends, the longer-term shifts in consumer attitudes and behaviour, are playing out in each of the 40 countries. Consumer lifestyles are constantly shifting. Understanding behavioural shifts is vital for businesses to stay competitive and adapt to in order to capitalise on new opportunities.

The Consumer Lifestyle in Japan report includes:

Lifestyles survey data and analysis on consumer values, behaviour and future expectations on topics such as life priorities, home and work life, ethical and health priorities and eating, leisure and shopping habits and use of technology. Consumer Megatrends covered are: Connected Consumers Ethical Living Experience More Healthy Living Middle Class Retreat Premiumisation Shifting Market Frontiers Shopping Reinvented

The Consumer Lifestyle in Japan report answers:

  • How is the consumer mindset in Japan changing? In Japan, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in Japan purchase decisions?
  • Where and how do consumers shop in Japan?
  • What health-related activities do consumers in Japan participate in?
  • What megatrends should I focus on in Japan (and why)?
  • How do I prioritize my investment? I operate in country x, which are the most important megatrends in that country?
  • My product chimes with the Healthy Living trend, what consumer behaviours do I need to consider for innovation planning?
Scope
The drivers shaping consumer behaviour
Megatrends framework
Businesses harness megatrends to renovate, innovate and disrupt
Convenience
Case Study: Kachaka, the home robot optimising time allocation for household tasks
Generation Z most likely to use tech to improve their lives
Consumers seek greater flexibility
Shoppers want to buy on the spot
Convenience drives e-commerce demand
Cooking is an inconvenience for younger consumers
Digital living
Yahoo! Mart provides frictionless shopping experience with facial biometric payments
Video gaming remains popular
The Japanese are protective of their personal data
Millennials want to preserve online anonymity
Consumer reviews are the most trusted information source
Consumers expect more online activity post-pandemic
Diversity and inclusion
Toyota's C+walk S promotes successful ageing in place for older adults
Generation Z are the most vocal on social media
Japanese remain reticent vis-à-vis involvement in social issues
Relatively few are comfortable with expressing their identity
Millennials pay the closest attention to company values
Experience more
Longing for travel and exploration is met by an air balloon reaching 25km
Shopping remains a popular leisure activity
Japanese pay close attention to food quality when travelling
Consumers continue to prefer real world over online experiences
Personalisation
Zozo offers AI-based personal styling service in its first physical store
Young consumers favour virtual activities
Generation Z are the most individualistic consumers
Premiumisation
Hamada Syuzou launches premium, shochu-based craft gin
Young people want customised experiences
Consumers lack confidence in their investments
Taste takes precedence over other food attributes
Pursuit of value
Smartpay promotes financial inclusion with streamlined BNPL solution
Generation X are the keenest to find bargains
Concerns over rising living costs increase
Shoppers have yet to embrace the circular economy
Generation Z are the most eager to save money
Shopper reinvented
Lawson opens Japan’s first “avatar-staffed” convenience store
Generation Z are the most trusting of celebrity-endorsed brands
Shoppers prefer to buy clothes and appliances in-store
Consumers are reluctant to engage with brands online
Generation Z are the most open to s-commerce
Sustainable living
Japanese start-up Elephantech develops eco-friendly printed circuit boards
Most are concerned about the impact of global warming
Recycling levels remain low, however
Reducing food waste tops the list of green activities
Voting rates are high
Recyclable packaging is considered the most sustainable
Wellness
Drinkable sleep aid Pilkul Miracle Care collaborates with Pokémon Sleep for promotion
Massage commonly used to alleviate stress
Consumers prefer functional foods over supplements
Attention is paid to health and safety when out and about
Leverage the power of megatrends to shape your strategy today
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