The domestic consumption of milled rice in Japan is projected to decrease from 8.02 million metric tons in 2024 to 7.82 million metric tons by 2028. This represents a consistent annual decline, with year-on-year decreases of approximately 0.62% to 0.63% over the period. Compared with 2023, the consumption figures show a continuation of prevailing downward trends due to factors like demographic shifts and changing dietary preferences. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is expected to reflect this gradual decline in consumption.
Future trends to watch for include:
- Potential impacts of governmental policies encouraging local rice consumption.
- Shifts in younger generations' dietary habits towards more diversified carbohydrate sources.
- Opportunities for niche markets targeting health-conscious consumers with premium rice varieties.