The forecast for oilseeds market per capita volume in the Philippines shows a steady upward trend from 2024 to 2028, increasing from 5.99 to 6.14 kilograms per capita. In 2023, the volume stood at 5.95 kilograms per capita. The year-on-year variations are minimal, averaging around 0.67% to 0.68% increases annually. Over the five-year period, the compound annual growth rate (CAGR) is approximately 0.76%, indicating consistent but modest growth.
Looking ahead, key trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, and shifts in dietary preferences among the Filipino population. Sustainability practices and government policies aimed at boosting local agriculture could also influence market dynamics.
