In 2023, the per capita volume of animal fats in the Philippines stood at 3.65 kilograms. The forecasted data from 2024 to 2028 indicates a consistent growth trajectory, reflecting an increase from 3.69 kilograms in 2024 to 3.82 kilograms in 2028. Year-on-year percentage variations from 2024 to 2026 show a steady increment of approximately 1.1%. A look at the longer five-year period (2024-2028) reveals a relatively stable CAGR of about 1.1%, signifying a gradual yet sustained growth in the consumption of animal fats.
Future trends to watch for include potential shifts in dietary preferences influenced by health trends and economic factors. Additionally, the impact of global trade policies and the rise of alternative fats may influence market dynamics.
