The forecasted meat demand in Japan shows a steady incremental trend from 2024 to 2028, starting at 6.64 million metric tons in 2024 and reaching 6.75 million metric tons by 2028. Compared to the actual demand of 6.60 million metric tons in 2023*, the percentages of year-on-year growth are moderate. Specifically, the increases over the last two years are approximately 0.60% to 0.45% annually, indicating a consistent but gradual rise. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) stands at about 0.45%.
Future trends to watch for include:
- Changing dietary preferences towards plant-based alternatives.
- Potential impacts of economic factors on consumer purchasing power.
- Policy initiatives promoting sustainable and locally sourced meat products.
