The majority of supermarkets handling private labels in Japan were expected to pass the price inflation of raw materials to retail prices without changing the content of the products in 2023. While 56.4 percent of businesses intended to maintain the status quo of their products' content by raising prices, close to 44 percent were estimated to maintain the prices by changing the products instead.
Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023
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Other statistics that may interest you Private labels in Japan
Overview
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- Premium Statistic Retail market size in Japan 2013-2022
- Premium Statistic Revenue of the leading Japanese retail companies worldwide FY 2021
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Contract manufacturing
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Supermarkets' brand strategy
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- Premium Statistic Share of supermarkets with private brand goods in Japan 2020-2023
- Premium Statistic Private brand goods development method at supermarkets in Japan 2023
- Premium Statistic Impact of private brands on supermarkets in Japan 2023
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Major store brands
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- Premium Statistic Brand recognition of major private brands in Japan 2022
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Shopping behavior
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- Premium Statistic Main factors influencing consumer goods purchases in Japan 2022
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NSAJ. (January 5, 2024). Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. "Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023." Chart. January 5, 2024. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. (2024). Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023. Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ. "Leading Strategy for Private Label Products during Raw Material Price Inflation among Supermarkets in Japan in 2023." Statista, Statista Inc., 5 Jan 2024, https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/
NSAJ, Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 Statista, https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/ (last visited June 10, 2024)
Leading strategy for private label products during raw material price inflation among supermarkets in Japan in 2023 [Graph], NSAJ, January 5, 2024. [Online]. Available: https://www.statista.com/statistics/1364194/japan-supermarket-private-label-product-strategy-raw-material-price-inflation/