The demand for maize oil in Japan is forecasted to slightly decrease over the upcoming years, from 75.0 thousand metric tons in 2024 and 2025, to 74.0 thousand metric tons in 2026 and 2027, reaching 73.0 thousand metric tons by 2028. In 2023, the actual consumption was higher than the projected figures for subsequent years, signifying a downward trend. The decline represents a consistent year-on-year decrease, with a marginal compound annual growth rate (CAGR) over the five-year forecast period. This trend suggests stabilization followed by gentle reduction in demand.
Future trends to monitor include potential influences from changing dietary preferences, health trends promoting alternative oils, and any government policies affecting import or use of maize oil. Additionally, economic factors and innovations in the agricultural sector may impact production costs and availability, potentially affecting demand.
