Based on the data provided, the horse meat slaughtering industry in Japan is projected to decline steadily from 2024 to 2028. In 2023, the actual figure stood at 8.58 thousand heads. Predicted values show a year-on-year decrease: 2024 will see a drop to 8.21 thousand heads, followed by progressive reductions to 7.85, 7.5, 7.16, and finally 6.82 thousand heads in 2028. The average Compound Annual Growth Rate (CAGR) over these five years indicates an average annual decline of approximately 4.41%.
Future trends to watch:
- Changing consumer preferences toward alternative protein sources.
- Potential regulatory changes impacting the horse meat industry.
- Technological advancements in meat production and processing.
- Economic factors that may influence livestock farming and market demand.
