In 2023, the soybean oil fat supply quantity per capita in Japan was approximately 9.93 grams per day. The forecast for 2024-2028 shows a steady increase from 10.05 grams to 10.53 grams per day. The year-on-year growth rate is consistent at roughly 1.19% annually. Over the five-year period, the compound annual growth rate (CAGR) is about 1.19%, indicating a modest but steady upward trend in soybean oil consumption per capita.
Future trends to watch for:
- Changes in dietary preferences towards healthier oils could impact soybean oil demand.
- Economic factors might influence imports and local production of soybean oil.
- Government policies on food imports and health initiatives could alter consumption patterns.