The forecast indicates a gradual increase in milk consumption at the farm gate in Japan from 2024 to 2028, with values rising from 12.54 to 12.70 million metric tons. In 2023, the actual consumption was approximately 12.50 million metric tons, showing moderate year-on-year growth during the forecast years. The Compound Annual Growth Rate (CAGR) over the period 2024 to 2028 is anticipated to be around 0.32%, demonstrating a steady and modest upward trend in milk consumption.
Future trends to watch for:
- Potential impacts of demographic shifts, such as an aging population, on dairy consumption patterns.
- Changes in dietary preferences that could influence milk demand, especially in urban populations.
- Policy changes or technological advancements in dairy farming that could affect production and supply.
