Forecast: Chicken Meat Production in Philippines

In 2023, the chicken meat production in the Philippines stood at 1.5900 million metric tons. The forecasted data for the upcoming years show a steady growth in production volumes. From 2024 to 2028, the production is expected to increase from 1.6327 to 1.8051 million metric tons.

The year-on-year growth rates are:

• 2024: 2.7%
• 2025: 2.7%
• 2026: 2.6%
• 2027: 2.5%
• 2028: 2.4%

The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is 2.6%. This consistent upward trend suggests a robust growth trajectory in chicken meat production.

Future trends to watch for include technological advancements in poultry farming, changes in consumer preferences toward healthier and locally-sourced food, and potential policy shifts that may impact production practices and costs.