Based on the forecast data for wine consumption per capita in the Philippines, the consumption, expressed in Liters of Pure Alcohol, is projected to increase gradually from 0.035 in 2024 to 0.038 in 2028. This reflects a consistent but modest year-on-year growth: an increase of approximately 2.86% from 2024 to 2025, stable from 2025 to 2026, and further increases of around 2.78% and 2.70% in subsequent years. In 2023, the consumption stood at 0.034, indicating an upward trend over the forecast period. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be approximately 2.08% annually.
Future trends to watch for include potential shifts in consumer preferences, economic conditions, and changes in local wine production which may influence consumption patterns. Additionally, marketing campaigns and accessibility to a wider variety of wine could drive higher consumption rates.
