In 2023, the excess feed cost for poultry meat in Japan stood at an estimated value lower than the projections from 2024 onwards. From the forecasted data, there is a consistent year-on-year increase of approximately 2% per year over the period from 2024 to 2028, showing a stable growth pattern. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is anticipated to be around 2%, indicating a steady upward trend in excess feed costs.
Future trends to watch for include:
- Shifts in global grain prices, affecting feed costs directly.
- Technological advancements in feed efficiency, potentially mitigating increased costs.
- Changes in domestic regulatory policies affecting agricultural imports and feed quality standards.
