In 2023, Japan's Ghee and Butter production was anticipated to be approximately around 54.95 thousand metric tons. The forecasted data indicates a gradual decline in production over the next five years, decreasing from 53.87 thousand metric tons in 2024 to 49.8 thousand metric tons by 2028.
- From 2024 to 2025, the production is expected to decrease by 1.95%.
- The decline for 2026 compared to 2025 is about 1.95%.
- A continued 1.93% decrease is anticipated in 2027 compared to 2026.
- Between 2027 and 2028, the decline is projected at approximately 1.95%.
Over this five-year span, the Compound Annual Growth Rate (CAGR) showcases an average decline of about 1.9% annually. Production is expected to continue declining, due to factors like shifting dietary preferences and possibly stagnant dairy sector advancements.
Future trends to watch for include technological improvements in dairy processing, shifts in dietary habits towards plant-based alternatives, and potential governmental policies that might affect dairy production and consumption. Monitoring these factors is crucial for anticipating shifts within the market.
