In 2023, the import of frozen bovine livers to Japan stood at approximately 1.1 million US dollars. From 2024 to 2028, the forecast indicates a steady decline: a 11.6% drop in 2025, 12.9% in 2026, 14.5% in 2027, and 16.6% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at -12.75%. This suggests that the market is shrinking, likely due to changing consumer preferences or increased domestic production.
Future trends to watch include:
- Consumer demand shifts towards alternative protein sources.
- Potential for increased tariffs or trade barriers affecting imports.
- Emerging competition from other countries supplying bovine livers to Japan.
- Enhancements in technology or logistics that could alter the cost dynamics of imports.