Based on the forecasted data, Japan’s domestic consumption of soybean oil from 2024 to 2028 shows a steady upward trend. In 2023, the consumption stood at 520.0 thousand metric tons. The year-on-year percentage variation between 2024 and 2025 is approximately 0.57%, between 2025 and 2026 is about 0.57%, between 2026 and 2027 is approximately 0.38%, and between 2027 and 2028 is approximately 0.38%. The compound annual growth rate (CAGR) over these five years is projected to be around 0.57%.
Future trends to watch for include potential changes in dietary preferences towards healthier oils, government policies affecting agricultural output, and global market influences that may affect demand for soybean oil in Japan.
