The forecast for the coconut oil market per capita in the Philippines indicates a decreasing trend from 2024 to 2028. In 2023, actual consumption stood at 0.94 Kg per capita. A year-on-year analysis shows the following variations: 2024 remains stable at 0.87 Kg, 2025 decreases by 8.05%, 2026 decreases by 7.50%, 2027 sees a 10.81% drop, and 2028 further drops by 8.82%. The last five years' CAGR indicates an average annual decline of 8.14% in per capita consumption.
Future trends to watch for include potential shifts in consumer preferences, impacts of global market dynamics on coconut oil supply, and possible changes in local agricultural practices. Monitoring advances in alternative oils and health trends could also affect market direction.
