Sales in Japanese restaurants in Japan have shown notable fluctuations over the past decade. From 2013 to 2016, sales experienced moderate growth. A significant spike occurred in 2017 with a 13.67% increase, followed by minor declines in the subsequent year. The COVID-19 pandemic in 2020 drastically impacted sales with a nearly 16% drop. Recovery was observed in the following years, with a notable 15.9% increase in 2021, continuing with stable growth into 2023 where sales reached 2.45 trillion yen, showing an annual variation of 1.18%. Over the last five years, the CAGR averaged at 1.26%.
Looking ahead, forecasted data indicates a steady growth trajectory through to 2028, with an expected average annual growth rate (CAGR) of 0.95% and overall growth of 4.82%. This indicates a stable, albeit modest, recovery and growth in the sector.
Future trends to watch for include increasing interest in health and sustainability among consumers, the impact of digitalization in restaurant operations, and potential shifts in tourism trends which could influence the sales volume of Japanese restaurants.
