In 2023, the maize oil market size volume in the Philippines stood at 9.0 thousand metric tons. The forecasted data for the upcoming years shows a steady increase in the volume, reaching 9.31 thousand metric tons by 2028. The annual growth rate from 2024 to 2028 indicates a consistent upward trend with slight year-on-year variations. Specifically, the market is expected to grow by approximately 0.66% in 2025, 0.55% in 2026, 0.65% in 2027, and 0.54% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be around 0.66%.

Future trends to watch for include:

Potential impacts of global maize supply fluctuations on local production and pricing.
Increasing demand for healthier cooking oil alternatives influencing consumer preferences.
Technological advancements in oil extraction processes that could improve efficiency and output.