In 2023, the volume of freshwater fish consumption per capita in the Philippines stood at 7.40 kilograms. Forecasted data indicates a slight decline over the next five years: 7.37 kg in 2024, 7.34 kg in 2025, 7.31 kg in 2026, 7.29 kg in 2027, and 7.26 kg in 2028. Year-on-year variation from 2023 to 2024 shows a decline of 0.40%. The overall trend from 2023 to 2028 reveals a Compound Annual Growth Rate (CAGR) of -0.38%.
Future trends to watch for:
- Rising demand for alternative protein sources may further impact freshwater fish consumption.
- Changes in environmental regulations and sustainability practices could affect fisheries and aquaculture.
- Advances in aquaculture technology may influence production efficiency and output.
- Economic factors like purchasing power and inflation could also play a role in consumption patterns.
