In 2023, household expenditure on ham in Japan was 3.77 thousand Japanese Yens. From 2024 to 2028, the forecast shows a gradual decline in expenditures, with year-on-year decreases averaging around 1.66% between 2024 and 2028. The compound annual growth rate (CAGR) over the forecast period indicates an annual average decline of approximately 1.6%.
Future trends to watch for:
- Potential shifts in consumer preferences towards healthier or alternative protein sources.
- Impact of demographic changes, including an aging population and shrinking household sizes.
- Economic factors affecting discretionary spending on non-essential food items like ham.
- Developments in the meat processing industry and supply chain dynamics.