The fluid milk supply in the Philippines is forecasted to increase steadily from 146.0 thousand metric tons in 2024 to 167.0 thousand metric tons in 2028. In 2023, the actual supply stood at 140.0 thousand metric tons. Year-on-year percentage variations show a consistent upward trend, with a 4.1% increase from 2023 to 2024, a 4.1% increase from 2024 to 2025, a 3.3% rise from 2025 to 2026, a 3.2% increase from 2026 to 2027, and a 3.1% increase from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 3.6%.
Future trends to watch for include potential changes in consumer preferences towards dairy alternatives, government policies affecting agricultural practices, and global trade dynamics influencing import and export of dairy products. Monitoring these factors will be essential for accurate future forecasting and strategic planning.
