The per capita consumption of fermented beverages in the Philippines stood at 0.070 kilograms in 2023. Forecasted data indicates a slight decline in consumption from 2024 to 2028, with values remaining around 0.069 kilograms per capita in 2024 and 2025, before decreasing marginally to 0.068 kilograms in 2026 and 0.067 kilograms in 2027 and 2028. The year-on-year variation averages to approximately a 1.45% decrease from 2026 to 2027. The last CAGR over the five-year period from 2023 to 2028 reflects a minuscule average annual decline in per capita consumption.
Future trends to watch for include the potential influence of health and wellness trends, which could either boost or hinder the consumption of fermented beverages based on their perceived health benefits or drawbacks. Additionally, economic factors and consumer spending power in the Philippines could play a significant role in shaping future market dynamics. The entry of innovative products and marketing strategies will also be critical in determining the market trajectory for fermented beverages in the coming years.
