In 2023, beer demand in the Philippines stood at 1.32 million metric tons. Forecasts indicate a consistent upward trend in beer demand: 1.34 million metric tons in 2024, 1.36 in 2025, 1.37 in 2026, 1.39 in 2027, and reaching 1.4 million metric tons by 2028.
The year-on-year percentage increase from 2024 to 2025 is approximately 1.49%, from 2025 to 2026 is about 0.74%, from 2026 to 2027 is around 1.46%, and from 2027 to 2028 is roughly 0.72%. The Compound Annual Growth Rate (CAGR) over this five-year forecast period (2024-2028) is about 1.17%.
Future trends to watch for include potential shifts in consumer preferences towards craft beers, increasing influence of health-conscious trends that may affect overall beer consumption, and the impact of economic growth on disposable income which could drive beer demand higher. Additionally, monitoring changes in policies or taxes related to alcoholic beverages will be crucial as they could significantly influence demand projections.
