The forecasted household expenditure on soy sauce in Japan shows a downward trend from 2024 to 2028. The expenditure values are projected as follows: 1.25K JPY in 2024, 1.22K JPY in 2025, 1.19K JPY in 2026, 1.16K JPY in 2027, and 1.14K JPY in 2028. In 2023, the actual expenditure was 1.27K JPY. The year-on-year variation indicates a consistent decline of approximately 2.4% from 2023 to 2024 and continues at an average decrease rate of around 2.4% over the next five years, reflecting a consistent negative CAGR.
Future trends to watch for:
- Potential shifts in consumer preferences towards healthier or alternative condiments.
- Impact of demographic changes, such as an aging population, on traditional soy sauce consumption.
- Economic factors influencing overall household spending power.
- Possible innovations in product offerings and packaging within the soy sauce market.