In 2023, the meat market size volume in the Philippines stood at 4.05 million metric tons. Based on the forecasted data, the market is expected to grow steadily from 4.12 million metric tons in 2024 to 4.25 million metric tons by 2028.
Year-on-year, the following variations are observed:
- 2024: 1.73% increase
- 2025: 0.73% increase
- 2026: 0.96% increase
- 2027: 0.72% increase
- 2028: 0.71% increase
Over the last five years, from 2023 to 2028, the compounded annual growth rate (CAGR) for the meat market size volume in the Philippines is approximately 0.97%.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives, regulatory changes affecting meat production, advancements in food technology, and possible impacts from climate change and sustainability issues on meat supply chains.
