The forecast for cheese distribution in the Philippines from 2024 to 2028 shows a steady growth in volume. The distribution value is projected to increase from 54.0 thousand metric tons in 2024 to 63.0 thousand metric tons by 2028. Comparing this to the actual value in 2023, which is 52.0 thousand metric tons, the year-on-year growth rates for the upcoming years are as follows:
- 2024: 3.85%
- 2025: 3.70%
- 2026: 3.57%
- 2027: 3.45%
- 2028: 5.00%
Over the last two years, the trend shows a consistent increase with a CAGR of approximately 4.07% from 2023 to 2028.
Future trends to monitor include the potential impact of import regulations, shifts in consumer preferences towards healthier and organic cheese options, and technological advancements in distribution logistics that could further streamline the supply chain, potentially influencing both volume and value growth.
