Juices inflation in Japan stood at 4.110% in Q3 2024, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q3 2024, GlobalData monitored the pricing of 76 juices SKUs from companies such as Kagome, Kirkland Signature and Takinoizumi that were sold by e-retailers. Buy the report here.
Smarter leaders trust GlobalData
Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Seiyu offered lowest prices of the total SKUs within the juices category from July through September 2024, followed by Zenplus and Costco Japan. According to the analysis, the price range of $5 and below was the most competitive, with 31 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Seiyu had greatest share of lowest prices for individual SKUs in juices in Japan in Q3 2024.
Analysis of the quarterly price data showed that no discounts were offered for juices category by the retailers tracked by GlobalData. Among variants, the tracker revealed apple and vegetable as the most popular (by number of SKUs) juices variants. These were priced 12.75% lower than the average price of a juices SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Seiyu, Zenplus, Costco Japan, The Flying Pig and Asia Superstore. According to the analysis, Seiyu had the lowest average unit price, while the retailer with the widest product assortment was Seiyu.
The report brings attention to the intricate pricing dynamics within the juices market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Seiyu, Zenplus and Costco Japan stood out as prominent e-retailers, providing competitive pricing for a substantial number of juices SKUs. However, to comprehensively grasp juices market in Japan, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Japan juices market, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s online price intelligence platform helps users analyze price leadership and price gaps, as well as visualize product variants at the SKU level, across multiple geographies, retailers, and categories. The platform, a product of Consumer Intelligence Center provides price insights from more than 370 online retailers across 44 countries.
