Other Livestock Products - Japan

Japan

Gross production value in Other Livestock Products market is projected to amount to €10.95bn in 2024. An annual growth rate of 0.54% is expected (CAGR 2024-2028), resulting in gross production value of €11.19bn in 2028.
The import value in Other Livestock Products market is projected to amount to €191.2m in 2024. An annual growth rate of 4.83% is expected (CAGR 2024–2028).
The export value in Other Livestock Products market is projected to amount to €89.3m in 2024. An annual growth rate of 2.30% is expected (CAGR 2024–2028).

Key regions: United Kingdom, Germany, United States, Spain, Italy

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Other Livestock Products market in Japan has been experiencing a steady growth in recent years.

Customer preferences: Japanese consumers are increasingly looking for high-quality and healthy food products, which has led to a growing demand for Other Livestock Products. Additionally, the country's aging population has also contributed to the demand for these products, as they are often considered easier to digest and a good source of protein.

Trends in the market: One of the main trends in the Other Livestock Products market in Japan is the increasing popularity of grass-fed beef. This trend is driven by consumers' concerns about the use of antibiotics and hormones in conventional beef production. Grass-fed beef is also perceived as being healthier and more environmentally friendly.Another trend in the market is the growing interest in alternative meat products, such as plant-based meat substitutes. While these products are not yet widely available in Japan, there is a growing awareness of their potential benefits, such as reducing the environmental impact of meat production and improving animal welfare.

Local special circumstances: One of the unique features of the Other Livestock Products market in Japan is the importance of food safety. Following a series of food safety scandals in the early 2000s, Japanese consumers have become increasingly concerned about the quality and safety of their food. This has led to a growing demand for locally produced food and a preference for products that are perceived as being safe and healthy.

Underlying macroeconomic factors: The Japanese economy has been relatively stable in recent years, with low unemployment and moderate inflation. This has helped to support consumer confidence and spending, which in turn has contributed to the growth of the Other Livestock Products market. Additionally, the government has implemented policies to support the agriculture sector, such as subsidies for farmers and investments in research and development. These policies have helped to improve the competitiveness of Japanese agriculture and increase the supply of high-quality livestock products.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.