In fiscal year 2022, Asahi Group Holdings was the leading processed food manufacturer listed on the Tokyo Stock Price Index in Japan, with sales exceeding 2.5 trillion Japanese yen. The top three food processors were major beer brewers within the Japanese alcoholic beverages market.
The role of alcoholic beverages in manufacturing
Even though it is not the largest industry within food manufacturing, alcoholic beverage manufacturing is the root of large food processors that started as brewers and distillers. Sake, made from fermented rice, is an iconic beverage as the national liquor of Japan. However, beer and liqueurs have usurped the position as the most produced alcoholic beverage, and enjoy high popularity among Japanese consumers for casual drinking. Asahi Group was a driver for the popularity of beer in Japan, especially dry beers, which remains their core business segment to date.
Food manufacturing in Japan
Japan is home to a 90-trillion-yen food industry that contributes over 40 trillion yen of value added to the gross domestic product. Food manufacturing makes up around one-third of the industry, carried by secondary and tertiary processing. The industry plays an important role in the economy of Hokkaido Prefecture, where the largest food manufacturing industry in Japan is located. As a key producing region for agricultural products and marine fishery, Hokkaido supplies the country with major manufactured foods like frozen seafood and meat, as well as dairy products.
Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022
(in billion Japanese yen)
fiscal year 2022; the Japanese fiscal year starts on April 1 of each stated year and ends on March 31 of the following year
Supplementary notes
Figures are based on the disclosure documents of 126 companies listed in TOPIX 33 Sector under "Foods" (excluding tobacco companies, animal feed manufacturers, and investing companies) and "Fishery, Agriculture & Forestry" (specifically food processors).
100 Japanese yen equal 0.67 U.S. dollars or 0.61 euros as of March 2024.
Values have been rounded.
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Yano Research. (November 13, 2023). Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022 (in billion Japanese yen) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/
Yano Research. "Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022 (in billion Japanese yen)." Chart. November 13, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/
Yano Research. (2023). Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022 (in billion Japanese yen). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/
Yano Research. "Sales Value of The Leading Listed Processed Food Manufacturers in Japan in Fiscal Year 2022 (in Billion Japanese Yen)." Statista, Statista Inc., 13 Nov 2023, https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/
Yano Research, Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022 (in billion Japanese yen) Statista, https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/ (last visited October 30, 2024)
Sales value of the leading listed processed food manufacturers in Japan in fiscal year 2022 (in billion Japanese yen) [Graph], Yano Research, November 13, 2023. [Online]. Available: https://www.statista.com/statistics/1423839/japan-sales-value-leading-food-manufacturer/