As of 2023, household expenditure on wheat flour in Japan stood at 440 Japanese Yens. Forecasts indicate a gradual decline in spending from 435 Yens in 2024 to 416 Yens by 2028. This represents a year-on-year decrease of approximately 1-2% annually, with a projected compound annual growth rate (CAGR) of about -1.4% over the five-year span. The steady decline suggests a shift in consumer behavior or dietary trends.
Future trends to watch for:
- Changing dietary preferences away from wheat-based products.
- Price fluctuations due to global wheat supply chain dynamics.
- Government policies affecting agricultural imports and food pricing.
