The forecast for horse meat production in the Philippines indicates a gradual decline from 2024 to 2028. Horse meat production is expected to decrease from 670.1 metric tons in 2024 to 662.8 metric tons in 2028. Year-on-year variations show consistent reductions of around 0.3-0.4%. Compared to the standing value in 2023, this descending trend signifies a shrinking interest or demand in the market for horse meat. The Compound Annual Growth Rate (CAGR) over the next five years will average approximately -0.3%, highlighting a slight but steady downtrend over the coming years.
Key future trends to watch for include shifts in consumer preferences, potential regulatory changes, and competitive pressures from alternative protein sources. Additionally, advancements in production technology and potential international market interest will play crucial roles in determining future trajectories in horse meat production in the Philippines.
