In 2023, Japan's import of grape juice or must was valued at approximately 103 million US dollars. The forecast suggests a steady increase in the import value from 2024 to 2028, beginning at 104.04 million US dollars in 2024 and reaching 108.15 million US dollars by 2028. This represents an annual growth rate of about 1% each year. Over the past two years, the market has experienced modest growth, and the five-year compound annual growth rate (CAGR) is projected to exhibit a steady upward trend.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier beverages, which may influence demand for grape juice.
- Economic factors such as exchange rates and trade agreements can impact import costs and demand.
- Developments in agricultural production and technology could affect the global supply of grapes, impacting import dynamics.
