Japan Food & Beverage U.S. Nielsen Weekly/Monthly (07/11/26): Seasonings firm; noodles weak

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Japan Food & Beverage U.S. Nielsen Weekly/Monthly (07/11/26): Seasonings firm; noodles weak

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Japan Food & Beverage

U.S. Nielsen Weekly/Monthly (07/11/26):

Seasonings firm; noodles weak

Industry Overview

21 July 2026

Two-week update covering June 28 to July 11 Equity

This report reviews sales trends of Japanese food manufacturers in the U.S. market Japan

based on retail scanner data provided by NielsenIQ. Coverage includes AOC (all outlets Food & Beverage

combined, including convenience stores), club stores (including Costco), pet specialty

stores, and Amazon 1P. In the two weeks ending July 11, Kikkoman's sales growth ManabuResearch SumogeAnalyst >>

moderated to 3-5% YoY. Kewpie's mayonnaise business continued to deliver strong sales BofAS Japan

+81 3 6225 8855

momentum. In instant noodles, Japanese manufacturers continued to post price-led sales manabu.sumoge@bofa.com

growth despite volume declines, while Korean manufacturers sustained growth on higher Yuxi Dai >>

volumes. For Nissin Foods, weekly sales turned negative as volume declines accelerated. Research Analyst

BofAS Japan

The frozen food market remained solid overall, but Ajinomoto and Nichirei, both with yuxi.dai@bofa.com

exposure to Asian foods, recorded sales declines.

Exhibit 1: Condiments remain solid; instant noodles continue to grow on price hikes; frozen

foods show mixed trends across companies.

US Nielsen: sales trends for food companies

xxxxxxxxxxxxxxxxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx Note: This dataset includes both

1 w/e 1 w/e 1 w/e 1 w/e 1 w/e 1 w/e 1 w/e weekly and monthly data based on $ Sales YoY (%)

05/30/26 06/06/26 06/13/26 06/20/26 06/27/26 07/04/26 07/11/26 Nielsen’s 1-week and 4-week Soy Sauce 5.0% 3.3% 2.4% 5.9% 2.8% 4.9% 2.3%