The import of fresh or chilled bovine edible offal to Japan is forecasted to grow steadily from 2024 to 2028, with an annual growth rate ranging from approximately 3.94% to 3.25% year-on-year. In 2023, the value stood likely lower than the 2024 forecast of 775.07 million US dollars, indicating a continued demand increase. By 2028, the market is expected to reach 893.97 million US dollars, with a five-year CAGR reflecting moderate consistent growth in this sector.
Future trends to watch for include:
- Potential shifts in dietary patterns leading to increased demand for offal in Japan.
- Impact of trade agreements affecting import tariffs and trade flow.
- Regulatory changes related to food safety and sustainability standards.
- Fluctuations in global beef prices and supply chains influencing import prices.