The forecasted demand for butter and ghee in Japan remains consistent at 76 thousand metric tons from 2024 to 2028, indicating a stable market outlook. Compared to 2023, where the demand stood at 76 thousand metric tons, there is no year-on-year variation. Therefore, the compound annual growth rate (CAGR) over the five-year period is 0%, reflecting a stagnant trend.

Future trends to watch for include:

Potential impact of health trends on dairy consumption, possibly affecting butter and ghee demand.
Changes in import policies or tariffs, which could influence market dynamics.
Emergence of alternative spreads and dietary preferences among Japanese consumers, impacting demand.