In 2023, household expenditure on frozen food in Japan was recorded below the forecast of 6.49 thousand Japanese Yens for 2024. From 2024 to 2028, forecasts show a steady increase in expenditure, reflecting a compound annual growth rate (CAGR) of approximately 1.72%. Year-on-year growth remains consistent, averaging just over 1.8% each year, indicating a stable climbing trend in consumer spending within this sector.

Future trends to watch for:

Growing consumer demand for convenient meal solutions may further stimulate expenditure.
Innovation in frozen food products focused on health and wellness could influence purchasing behavior.
Economic factors and inflation rates impacting disposable income could moderate the growth of expenditure in this segment.