The grapes market size volume in the Philippines is forecasted to grow steadily from 62.0 thousand metric tons (2024) to 67.0 thousand metric tons (2028). In 2023, the actual market size volume stood at 60.0 thousand metric tons. Analyzing the year-on-year variation, the projected growth rates are 3.33% (2024 to 2025), 1.56% (2025 to 2026), 1.54% (2026 to 2027), and 1.52% (2027 to 2028). Averaged over the forecasted five-year period, this results in a compound annual growth rate (CAGR) of approximately 2.30%.
Future trends to watch for include:
- Potential increases in local consumer demand driven by rising health consciousness and preference for fresh fruits.
- Improvements in agricultural technology and practices which may boost domestic production efficiency.
- Possible impacts of climate change on grape cultivation and yield quality.
- Trends in import policies and international trade agreements which could affect market supply and price stability.
