The forecasted number of self-employed individuals in Japan's Accommodation and Food Services sector is projected to decline steadily from 512.0 thousand units in 2024 to 496.0 thousand units in 2028. Compared to 2023, where the actual number stood at 517.0 thousand units, the sector is demonstrating a consistent downward trend.
The year-on-year percentage variations show a slight decrease each year: approximately -0.98% in 2025, -0.79% in 2026, -0.80% in 2027, and -0.60% in 2028. The compounded annual growth rate (CAGR) over the five years from 2024 to 2028 indicates an average reduction of approximately -0.79% annually.
Future trends to watch for include the impact of automation and digital transformation on the sector, potential shifts in consumer behavior due to an aging population, and government policy changes aimed at supporting self-employment and small businesses in the industry.
