Japan: Food Service - Hotel Restaurant Institutional
Following seven consecutive years of growth, Japan’s hotel, restaurant, and institutional (HRI) food service industry achieved record sales of ¥33.1 trillion ($299.8 billion) in 2018. The continuing surge in inbound tourism and recovery of sales in the quick-service segment have contributed to the industry’s success. Evolution and innovation in home-meal replacements (HMR) and food service for the aging population are also driving growth, while sales at drinking establishments and hotels are relatively lackluster. U.S. suppliers are well positioned to compete in many product categories, provided they are willing to adjust to market demands.