In 2023, groundnut oil production in Japan stood at 1.0 thousand metric tons. Forecasts indicate a steady increase with production reaching 1.1 thousand metric tons in 2024 and continuing to 1.35 by 2028. The year-on-year growth rate begins at approximately 5.5% in 2025, incrementally slowing to around 4.6% in 2028. The five-year compound annual growth rate (CAGR) is projected at about 5%.
Future trends to watch for include:
- Potential shifts in consumer preferences impacting production demand.
- Technological advancements and efficiency improvements in production processes.
- Changes in domestic policy or international trade agreements affecting the market.