Forecast: Household Expenditure on Food in Japan

Analyzing the forecasted household expenditure on food in Japan from 2024 to 2028, the trend indicates a steady increase in spending. In 2024, the expenditure is forecasted to be 823.13 thousand Japanese yen and is expected to grow incrementally each year, reaching 829.06 thousand yen by 2028. Compared to the previous year's data in 2023, there is a consistent year-on-year increase, suggesting a stable growth pattern. The Compound Annual Growth Rate (CAGR) over these five years implies a slight but persistent upward trend, averaging approximately a 0.14% increase annually.

Future trends to watch for include:

  • Inflation impact on food prices, potentially increasing household expenditure further.
  • Shifts in consumer preferences towards healthier and organic food options, which may affect expenditure patterns.
  • Demographic changes, such as an aging population, which could influence the types of food purchased and overall spending.

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