The indigenous horse meat gross production in the Philippines stood at an estimated 2.35 million US dollars PPP in 2023. The forecasted data indicates a steady increase over the next five years: 2.48 in 2024, 2.6 in 2025, 2.71 in 2026, 2.82 in 2027, and 2.93 in 2028. The year-on-year percentage variations are as follows: 2024 shows a 5.5% increase from 2023, 2025 a 4.8% increase from 2024, 2026 a 4.2% increase from 2025, 2027 a 4.1% increase from 2026, and 2028 a 3.9% increase from 2027. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 4.5%
Looking ahead, future trends to watch for include potential changes in consumer preferences towards alternative meats, regulatory shifts affecting horse meat production, and advancements in meat processing technologies. Additionally, economic factors and international trade policies may also impact the indigenous horse meat market in the Philippines.
