In 2023, Japan's food gross production stood at 27.014 billion US dollars, marking the beginning reference point for future projections. From 2024 to 2028, the forecast indicates a steady, albeit modest growth. The year-on-year increase is approximately 0.25% between consecutive years during this period. The compound annual growth rate (CAGR) over the five-year forecast is around 0.24%, indicating a stable but slow rise in food production value, when expressed in PPP terms.
Future trends to watch for include:
- Influence of climate change on agricultural output.
- Impact of technological advancements in farming practices.
- Fluctuations in global trade policies and energy prices.
- Shifts in consumer dietary preferences and demands.
