Polarization of Demand Between Low-Price and High-Value-Added Products

「The impact of improved income resulting from wage increases and other factors on consumer sentiment remains uncertain.」

「In the food industry, demand for eating out is recovering, supported in part by increased inbound demand. At the same time, although the pace of increases in raw material prices has eased, elevated prices for food and a range of other products continue to affect consumer purchasing behavior.」

「In the food industry, demand for eating out is recovering, supported in part by increased inbound demand. At the same time, higher global raw material and energy costs are keeping prices for food and a range of other products elevated, affecting consumer purchasing behavior.」

「In the food industry, demand for eating out is recovering as restrictions related to the COVID-19 pandemic have eased, supported in part by increased inbound demand. At the same time, persistently high global raw material and energy prices have led to continued price increases for food and a range of other products, affecting consumer purchasing behavior.」

「In the food industry, as restrictions related to COVID-19 have been eased, demand for eating at home is beginning to stabilize, while food-service demand is recovering, partly due to increased inbound tourism. Although global raw material and energy prices, driven by the situation in Ukraine and other factors, are believed to have passed their peak, price increases for a wide range of products, including food, continue to affect consumer purchasing behavior.」

「In the food industry, surging global raw material and energy prices have continued to drive price increases for a wide range of products, including food, affecting consumer sentiment. Food-service demand has recovered from the pandemic, but remains on the path to recovery.」

「In the food industry, surging global raw material and energy prices have led to announced price increases for a wide range of products, including food, affecting consumer sentiment. Food-service demand has shown signs of recovery from the pandemic, but remains on the path to recovery.」

「In the food industry, the increase in demand for eating at home resulting from the spread of COVID-19 in the previous fiscal year has leveled off in the current fiscal year. Food-service demand remains difficult despite signs of recovery, given the recent resurgence in infections. In addition, the industry is facing extremely challenging conditions due to surging global raw material and energy prices.」

「In the food industry, the increase in demand for eating at home caused by the spread of COVID-19 in the previous fiscal year has leveled off in the current fiscal year. Food-service demand remains in a difficult situation, although there are signs of improvement, including the lifting of the state of emergency.」

「On the other hand, as people spend more time at home due to the “new lifestyle,” demand is expected to increase for diverse, valuable products and proposals for ways to enjoy food at home.」

「Personal consumption declined rapidly as consumer sentiment deteriorated under the impact of COVID-19, but signs of a gradual recovery emerged as social and economic activity was progressively restored. More recently, however, that recovery has stalled amid a renewed increase in infections, and the consumer environment has again entered a difficult phase. In the food industry, household consumption of food increased due to stay-at-home demand, while the food-service industry suffered a substantial decline in demand as a result of various restrictions during the pandemic. Although the performance of the food-service industry temporarily showed signs of recovery following government economic measures, attention is again required regarding downside risks.」

「The impact of COVID-19 on the food industry remains significant. In retail, sales growth, which expanded by capturing stay-at-home consumption associated with calls to refrain from going out, has moderated. In food service, despite various measures by government authorities and others, recovery remains a long way off, and overall efforts toward a recovery remain sluggish.」

「Even as personal consumption declines, companies are increasingly seeking products that respond to diversifying values and preferences, clearly communicate their functionality, or propose ways to use them in everyday life. There is also a trend toward strengthening initiatives such as recipe suggestions and information dissemination through social media.」

「In the food industry, logistics costs and labor costs, driven by labor shortages, as well as raw material costs, continue to rise, leading to a broader trend of passing higher costs on through prices.」

「As the population declines and ages, household composition is changing and consumers’ values are diversifying as lifestyles change. While more products emphasizing functionality are being introduced, products emphasizing low prices are also appearing, creating new products and markets that address diverse demand.」

「Personal consumption is recovering against a backdrop of gradually rising real aggregate employment income and improving employment conditions, but consumer sentiment is weakening and consumers continue to economize. In the food industry, logistics costs and labor costs, driven by labor shortages, as well as raw material costs, continue to rise, leading to a broader trend of passing higher costs on through prices.」

「As the population declines and ages, household composition is changing and consumers’ values are diversifying as lifestyles change. While more products emphasizing functionality are being introduced, products emphasizing low prices are also appearing, creating new products and markets that address diverse demand.」

「Personal consumption is recovering as employment and income conditions improve, but consumers continue to economize. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that emphasize functionality or low prices. As consumer values diversify, various forms of demand are emerging.」

「Personal consumption is recovering as employment and income conditions improve, but consumers continue to economize. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that emphasize functionality or low prices. As consumer values diversify, various forms of demand are emerging.」

「Personal consumption is recovering as employment and income conditions improve, but consumers continue to economize. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that emphasize functionality or low prices. As consumer values diversify, various forms of demand are emerging.」

「Personal consumption is recovering as employment and income conditions improve, but consumers are increasingly seeking value for money. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that promote new value. As preferences diversify across both low-priced and high-value-added products, demand remains mixed.」

「Personal consumption continues to recover gradually, but consumers are increasingly seeking value for money. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that promote new value. As preferences diversify across both low-priced and high-value-added products, demand remains mixed.」

「Personal consumption is gradually recovering, but consumers are increasingly seeking value for money. In the food industry, some companies are passing higher costs on through prices, while others are introducing products that promote new value. As preferences diversify across both low-priced and high-value-added products, demand remains mixed.」

「Consumers are increasingly seeking value for money. In the food industry, preferences are diversifying across both low-priced and high-value-added products, creating new demand for some products while demand declines for others, resulting in a mixed picture.」

「Consumers are increasingly seeking value for money. In the food industry, preferences are diversifying across both low-priced and high-value-added products, creating new demand for some products while demand declines for others, resulting in a mixed picture.」

「Personal consumption has generally remained resilient, but consumers are increasingly seeking value commensurate with price. In the food industry, new demand is emerging for both low-priced and high-value-added products, while demand for some products is declining, resulting in mixed conditions.」

「Although personal consumption was generally flat, consumption polarization is advancing in the food industry, with demand for low-priced products increasing while sales of high-value-added products also remained firm.」