Key Market Indicators
Japanese Alcoholic Drink Consumption is projected to reach 1.11 million metric tons by 2028, a slight decline from 1.12 million metric tons in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.1%. Despite this fall, Japanese demand for alcoholic beverages had previously shown a modest increase of 0.1% annually since 2019. In 2023, Japan ranked third globally in alcoholic drink consumption. India led the rankings with 1.12 million metric tons, followed by Japan and Russia in the second and fourth spots, respectively. In a contrasting trend, Japanese Alcoholic Drink Exports are anticipated to grow significantly. By 2028, exports are expected to reach $1.32 billion, up from $1.08 billion in 2023. This marks an annual growth rate of 3% CAGR. Japanese supply of alcoholic beverages has been on an upward trajectory, with a 5% annual increase since 1993.
