Between 2024 and 2028, forecasts indicate a gradual decline in per capita food expenditures in Japan, decreasing from 2.67 thousand USD to 2.55 thousand USD. This trend suggests a steady reduction in spending, with a compound annual growth rate (CAGR) reflecting a negative average variation per year.
Future trends to watch include:
- Potential influence of demographic changes, such as an aging population and declining birth rates, on overall food consumption.
- Impact of dietary shifts towards more affordable or home-cooked meals.
- Influence of economic factors, including inflation, on food pricing and consumer spending behavior.