In 2023, the food gross production in the Philippines stood at a value of 30.7 billion US Dollars in PPP terms. The forecast for 2024 is 30.95 billion USD, growing consistently to reach 31.978 billion USD by 2028. The year-on-year percentage increases are as follows: from 2023 to 2024, the growth rate is approximately 0.81%, from 2024 to 2025, it is about 0.84%, from 2025 to 2026, the rate is roughly 0.83%, from 2026 to 2027, it is around 0.81%, and from 2027 to 2028, the growth rate is about 0.80%. The compound annual growth rate (CAGR) over the forecasted period is about 0.82% annually.
Future trends to watch for include the impact of advancements in agricultural technology, government policies aimed at boosting food production, climate change effects on crop yields, and the integration of sustainable practices. Additionally, shifts in global food demand and export opportunities are critical to monitor.