Japan Funeral and Cremation Services Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.2% from 2023 to 2033
• The Japan Funeral and Cremation Services Market Size is Expected to Hold a Significant Share by 2033

The Japan Funeral and Cremation Services Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 4.2% from 2023 to 2033.

Market Overview

A funeral is a ritual that includes the customary observances and final disposition of a body, such as burial or cremation. Additionally, in Japan, this has led to an increase in the number of service providers offering personalized arrangements, including eco-friendly options and unique memorialization services. Cremation has also overtaken traditional burial methods, allowing Japanese companies to innovate and adjust to changing consumer preferences. Furthermore, the market for funeral and cremation services is distinguished by its large range of products, which represent the various cultural and religious customs found around Japan. The growing desire for individualized funeral services as people look to customize their final moments has been a major trend in recent years. 

Report Coverage

This research report categorizes the market for the Japan funeral and cremation services based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan funeral and cremation services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan funeral and cremation services market.

Driving Factors

The demand for comprehensive funeral services is driven by traditional Japanese funeral customs and the significance placed on appropriate rites and ceremonies. Due to the dearth of family-run funeral homes in metropolitan areas, the demand for professional funeral services is rising as more Japanese people relocate to cities. Furthermore, the number of fatalities in Japan in 2022 was almost 1.56 million, the highest since records began to be kept in 1899. By 2040, the number is predicted to have increased to approximately 1.67 million. The aging population of Japan is the primary cause of this increase, as it raises the death rate and, in turn, increases demand for funeral services and associated sectors. Additionally, in Japan, 29.1% of the population was 65 years of age or older as of October 1, 2023. As the death rate rises with age, the aging population is fueling the demand for funeral services. Furthermore, as Japan's population ages, more advanced booking options for funerals have become available, enabling people to organize and reserve their arrangements ahead of time.

Restraining Factors

The rising costs of typical funeral services deter potential customers. Due to their limited financial resources, many families choose less expensive options.

Market Segmentation

The Japan funeral and cremation services market share is classified into type and application.

• The cremation segment is expected to hold a significant market share through the forecast period.

The Japan funeral and cremation services market is segmented by type into burial, cremation, and memorial. Among these, the cremation segment is expected to hold a significant market share through the forecast period. Cremation is often viewed as a more cost-effective option than traditional funerals, which involve higher expenses for caskets, burial grounds, and ongoing maintenance fees.

• The immediate need segment is expected to dominate the Japan funeral and cremation services market during the forecast period.       

Based on the application, the Japan funeral and cremation services market is divided into immediate need, pre-planned, and others. Among these, the immediate need segment is expected to dominate the Japan funeral and cremation services market during the forecast period. The domination of this sector is a result of the aging population, which raises the mortality rate. Furthermore, a variety of funeral and cremation service packages and the incidence of illnesses are driving the market's expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan funeral and cremation services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nishikawa Sangyo Co., Ltd.
• Sekisui Chemical Co., Ltd.
• Kubota Corporation
• Ceremo 
• Tamaki Group
• Ja Echigo Chuo
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Funeral and Cremation Services Market based on the below-mentioned segments:

Japan Funeral and Cremation Services Market, By Type

• Burial
• Cremation
• Memoria

Japan Funeral and Cremation Services Market, By Application

• Immediate Need
• Pre-Planned
• Others