Based on the provided data, the demand for mutton and goat meat in the Philippines shows a slightly declining trend from 2024 to 2028. The value in 2023 stood at 60.27 thousand metric tons, and by 2028, it is forecasted to reach 59.76 thousand metric tons. The year-on-year percentage variation indicates a consistent decline of approximately 0.18% to 0.20% annually. Over the last two years, the demand has decreased by 0.35%. The compound annual growth rate (CAGR) over the next five years is expected to be -0.17%.
Future trends to watch for include possible shifts in consumer preferences, potential impacts of economic changes on meat consumption, and the effect of any government policies or initiatives aimed at promoting other protein sources. Additionally, monitoring import-export dynamics and local production capabilities will provide further insights into the market.
