In 2023, Japan's whole fresh cow milk gross production stood at 3.181 billion US Dollars PPP. From 2024 to 2028, the production is forecasted to increase incrementally from 3.1922 billion to 3.2347 billion US Dollars PPP. The year-on-year variations are: a 0.34% increase in 2025, a 0.33% rise in 2026, a 0.33% gain in 2027, and a 0.33% increment in 2028. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 0.33%.
Future trends to watch for include potential impacts from climate change on dairy farming, shifts in consumer preferences toward plant-based milk alternatives, and government policies affecting the dairy industry. Additionally, advancements in dairy farming technologies could enhance production efficiency, influencing these forecasts.
