As of 2023, labor costs in Japan's food and beverage sector stood at 7.1219 trillion Japanese Yen. The forecast data indicates steady growth from 2024 to 2028. Compared to 2024, the labor costs are projected to rise by about 1.31% in 2025, 1.26% in 2026, 1.22% in 2027, and 1.18% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 1.2%, reflecting a consistent upward trend.
Future trends to watch for:
- Potential impacts of inflation on wage growth.
- Influence of governmental policies on labor regulations.
- Technological advancements in automation that might affect labor demand.
- Shifts in the global supply chain affecting local labor costs.
