The cheese supply in the Philippines is projected to grow steadily from 2024 to 2028. Starting at 54.0 thousand metric tons in 2024, it is expected to rise to 63.0 thousand metric tons by 2028. This represents a year-on-year growth of approximately 3.7% in 2025, 3.6% in 2026, 3.5% in 2027, and 5.0% in 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 4.0%.
In 2023, the actual cheese supply stood at 52.0 thousand metric tons. From 2023 to 2024, the year-on-year variation is an increase of 3.8%, reflecting a positive upward trend.
Future trends to watch for:
- Influence of consumer preferences for healthier and specialty cheeses
- Impact of trade policies and tariffs on cheese imports
- Growth in demand from the foodservice sector
- Potential disruptions due to climate change affecting dairy production
- Technological advancements in cheese production and storage
