Based on the provided data, horse meat production in Japan is forecasted to decline steadily from 2024 to 2028. In 2024, production is projected at 3.3 thousand metric tons, decreasing by roughly 3.93% year-on-year to 3.17 thousand metric tons in 2025. This trend continues with a similar annual decline: 3.93% to 3.04 thousand metric tons in 2026, 4.28% to 2.91 thousand metric tons in 2027, and 4.12% reaching 2.79 thousand metric tons in 2028. The compound annual growth rate (CAGR) over these 5 years is approximately -3.42%, indicating a consistent decrease in production.
Future trends to watch for:
- Potential changes in consumer preferences and dietary trends.
- Impact of governmental policies and regulations on animal farming.
- Technological advancements in meat production and synthetic alternatives.
- Environmental and economic factors affecting livestock farming.
- Global market dynamics and trade agreements influencing local production.
