In 2023, the import of animal feed preparations to Japan stood at approximately 490 million USD. By 2024, this is anticipated to increase to 504.09 million USD, marking a growth of 2.9% year-on-year. Continued growth is forecasted over the subsequent years, with imports projected to reach 548.41 million USD by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 2.1%, reflecting stable demand and expansion in the market for animal feed preparations.
Future trends to watch for include:
- Changes in dietary preferences in Japan affecting livestock and hence, animal feed demand.
- Impact of international trade agreements and tariffs on feed import costs.
- Technological advancements in feed production that could influence import volumes.
