In 2023, the fluid milk supply in Japan stood at 7.65 million metric tons. The forecasted data from 2024 to 2028 indicates a steady and slight year-on-year increase in supply values. For instance, the increase from 2024 to 2025 is approximately 0.39%, from 2025 to 2026 is around 0.26%, from 2026 to 2027 is about 0.39%, and from 2027 to 2028 is close to 0.26%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is forecasted to be approximately 0.31%.
Future trends to watch for:
- Changes in consumer preferences towards plant-based milk alternatives might impact demand.
- Technological advancements in dairy farming could influence production efficiency and output.
- Government policies and trade relations could affect import and export dynamics, influencing supply.