In 2023, household expenditure on soybean products in Japan stood at a value of approximately 10.61 thousand Japanese Yens. From 2024 to 2028, the forecast indicates a gradual decline in this expenditure, decreasing from 10.58 thousand to 10.44 thousand Japanese Yens. This demonstrates an overall trend of slight reduction year-on-year, with a CAGR calculated over these five forecasted years showing a modest negative growth.
Future trends to watch for:
- Shifts in consumer preferences towards alternative plant-based products may impact soybean product consumption.
- Changes in dietary habits and increased awareness of health benefits associated with soybean products could alter expenditure patterns.
- Economic factors such as inflation and currency fluctuation might influence household spending dynamics.
