In 2023, the veal and beef sector in Japan was valued at 16.68 billion euros. The forecast indicates steady growth from 2024, with values reaching 18.36 billion euros by 2028. The year-on-year growth from 2024 to 2028 ranges from 2% to 1.7%, symbolizing a consistent upward trend. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 2%.
Future trends to watch include:
- Increasing consumer demand for high-quality protein sources.
- Potential impact of regulatory changes on import-export dynamics.
- Adoption of sustainable and ethical farming practices.
- Technological advancements in food processing and supply chain management.
