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Released November 21, 2022 | MANILA, PHILIPPINES
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Researched by Industrial Info Resources (Sugar Land, Texas)--Since Japan's population is on a long-term downward trend, the food market is expected to shrink in the future. In addition, Japan's population is aging, and per capita consumption is on the decline.

In the food industry in 2022, while stay-at-home demand due to the COVID-19 crisis is settling down, demand for food for commercial use is on the rise due to the economic reopening, including demand for salmon.

Large-scale plants are under construction in Japan as European companies enter the sustainable salmon farming industry. Industrial Info is tracking $230 million of salmon farming projects in Japan. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project Database can click here for related reports. Examples include Proximar Seafood AS' (Yokohama, Japan) planned salmon farm, which will include a 1.8-megawatt solar array.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).

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