In 2023, Japan's veal and beef excess feed cost was $24.80 million. Over the forecast period from 2024 to 2028, the cost is expected to rise steadily, reaching $27.92 million by 2028. This demonstrates a consistent upward trend, with a year-on-year increase indicating an average compound annual growth rate (CAGR) of approximately 2.17% for this period. The increase reflects potential rising feed prices or increasing demand for veal and beef products in Japan.
Future trends to watch for include:
- Volatility in global feed prices driven by supply chain disruptions or climate change impacts.
- Shifts in consumer preferences toward alternative proteins, potentially influencing feed cost demands.
- Policy changes in agricultural and trade sectors affecting feed imports and local production.
