The household expenditure on cuttlefish in Japan for 2024, forecasted at 1.03 thousand Japanese Yens, shows a decline from the previous year, 2023, where it was higher. The trend continues downward with a notable year-on-year decline projected for the upcoming years. By 2028, the expenditure is expected to decrease to 0.78785 thousand Japanese Yens. The compound annual growth rate (CAGR) over the next five years reflects this downward trajectory.
Future trends to watch for:
- Possible shifts in consumer preference towards alternative seafood.
- Impact of sustainable fishing policies on cuttlefish supply and prices.
- Economic factors affecting discretionary spending in Japanese households.
