As of 2024, household expenditure on chicken in Japan stands at 13.08 thousand Japanese Yen. Based on forecasts, this expenditure is expected to grow steadily, reaching 13.74 thousand Japanese Yen by 2028. The forecasted annual growth rate is consistently around 1.3% to 1.6% per year, demonstrating a moderate upward trend in spending on chicken. Compared to previous years, the expenditure in 2023 was lower, emphasizing a continuous increasing pattern projected for the next five years. The compound annual growth rate (CAGR) over this period reflects a steady and modest increase of approximately 1.24%.
Future trends to watch for:
- Shifts in consumer preferences towards plant-based products that may impact chicken consumption.
- Fluctuations in chicken prices due to supply chain disruptions or inflation.
- Changes in dietary trends driven by health-conscious or environmentally-conscious consumer behavior.
- Potential policy changes related to agriculture and food imports and their impact on pricing and availability.
