The household expenditure on sardines in Japan is projected to decline from 2024 to 2028, with values decreasing annually from 395.24 yen in 2024 to 360.36 yen in 2028. This decline reflects a consistent year-on-year decrease of approximately 2.3%. Compared to 2023, which recorded an expenditure higher than 395.24 yen, the forecast indicates a negative growth trend. The compound annual growth rate (CAGR) over the next five years is expected to show a decline, emphasizing the shrinking market for sardines in households.
Future trends to watch for include:
- Changes in dietary preferences impacting sardine consumption.
- Potential shifts towards alternative protein sources.
- Economic factors influencing household spending capacity.
