Forecast: Household Expenditure on Shrimps and Lobsters in Japan

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.

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