In 2023, household expenditure on shrimps and lobsters in Japan stood at approximately 1.95 Thousand Japanese Yens. From 2024 to 2028, a consistent decrease is forecasted, with spending predicted to drop from 1.91 to 1.73 Thousand Yens. The year-on-year variation indicates a slight decline of around 2% each year. Over these five years, the compound annual growth rate (CAGR) is negative, suggesting a gradual reduction in spending.
Future trends to watch for:
- Factors affecting seafood consumption patterns, such as changes in dietary habits.
- Potential impacts of economic conditions and inflation on consumer spending.
- Developments in seafood sustainability and availability.
- Innovations in aquaculture and implications on market pricing.