In 2023, the meat market in the Philippines stood at 37.71 kilograms per capita. Forecast data for subsequent years indicates a steady increase: 37.87 kg per capita in 2024, 38.03 kg in 2025, 38.18 kg in 2026, 38.34 kg in 2027, and 38.49 kg in 2028. This shows a consistent year-on-year growth in meat consumption per capita.
The year-on-year variation percentage in meat consumption per capita from 2023 to 2024 is approximately 0.42%, while from 2024 to 2025 it is around 0.42%, from 2025 to 2026 it is 0.39%, from 2026 to 2027 it is 0.42%, and from 2027 to 2028, it is approximately 0.39%. The average CAGR over the last five years stands around 0.41%, indicating a steady but modest growth trend.
Future trends to watch for include potential market disruptions due to economic fluctuations, shifts in dietary preferences towards plant-based alternatives, and impacts from government policies on meat production and import regulations. These factors may influence both consumption patterns and market dynamics in the coming years.
