In 2023, the household expenditure on wine in Japan stood at 3.10 thousand Japanese Yens. Moving forward, the forecasted expenditure shows a steady upward trend, starting from 3.14 thousand Japanese Yens in 2024 and reaching 3.27 thousand Japanese Yens by 2028. This indicates a moderate year-on-year growth, reflecting gradual increases: 0.96% from 2024 to 2025, 1.26% from 2025 to 2026, 0.93% from 2026 to 2027, and 0.93% from 2027 to 2028. Over the forecasted period (2024-2028), the Compound Annual Growth Rate (CAGR) is approximately 1.07%.
Future trends to watch include potential shifts in consumer preferences towards premium wines, effects of global trade policies on wine imports, and demographic changes such as the aging population in Japan, which may influence wine consumption patterns.
