The forecast for Japan's food product production indicates a steady growth trend over the coming years. In 2023, the production stood at 29.472 trillion Japanese Yens. For 2024, the production is projected to be 29.746 trillion Yens, reflecting a year-on-year increase of approximately 0.93%. For 2025, it is forecasted to reach 30.028 trillion Yens, registering a growth of about 0.95%. The forecast for 2026 is 30.304 trillion Yens, a rise of around 0.92%. By 2027, production is expected to grow by 0.89% to 30.574 trillion Yens. The forecast for 2028 shows production at 30.839 trillion Yens, which is a projected increase of 0.86% from the previous year. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) stands at 0.91%.
Future trends to watch for include advancements in food technology, changes in consumer preferences towards healthy and sustainable products, and potential impacts of government policies and trade regulations on food production. Additionally, shifts in demographic patterns and tastes could influence demand and drive innovation in the industry.