The domestic food consumption of palm kernel oil in Japan is forecasted to show a modest increase from 41.0 thousand metric tons in 2024 to 43.0 thousand metric tons by 2028. Comparing this with 2023 data, which stood slightly below 41.0 thousand metric tons, this points to minimal year-on-year growth of approximately 2.4% in 2025, and no growth from 2025 to 2027, followed by another 2.4% increase in 2028. The compound annual growth rate (CAGR) over this period is predicted to be about 1.2% per annum.
Future trends to watch for:
- Potential shifts in consumer preferences towards healthier oils could impact demand.
- Policy changes regarding palm oil imports may alter consumption patterns.
- Innovations in processed food manufacturing might affect palm kernel oil usage.
