In 2023, the livestock and aquatic products wholesale market in Japan stood at 22.33 trillion Japanese Yens. From 2024, the forecasted values show a consistent year-on-year decline:
- 2024: 21.88 trillion Japanese Yens (-2.0% year-on-year)
- 2025: 21.45 trillion Japanese Yens (-2.0% year-on-year)
- 2026: 21.02 trillion Japanese Yens (-2.0% year-on-year)
- 2027: 20.61 trillion Japanese Yens (-2.0% year-on-year)
- 2028: 20.20 trillion Japanese Yens (-2.0% year-on-year)
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -2.0%, indicating a steady decline in the market.
Future Trends to Watch For:
- Changes in consumer preferences, possibly driven by shifts towards alternative protein sources or plant-based diets.- Government policies and regulations impacting the livestock and aquatic sectors.- Technological advancements in aquaculture and sustainable livestock farming.- External factors such as trade agreements, climate change, and disease outbreaks.
