As of 2023, the butter and ghee market size in Japan stood at 76 thousand metric tons, according to actual data. Forecasts from 2024 to 2028 project a steady market volume of 76 thousand metric tons annually, indicating no year-on-year change. Consequently, the compound annual growth rate (CAGR) over this five-year period is 0%.
Future trends to watch for include:
- Potential shifts in consumer preferences toward healthier alternatives, impacting demand for traditional butter and ghee.
- Influence of global dairy market dynamics on Japan’s import levels and domestic pricing.
- Technological advancements in dairy production that could alter market offerings.