Meat production in the Philippines is projected to grow steadily from 2024 to 2028, starting from 4.056 million metric tons in 2024 and reaching 4.3364 million metric tons by 2028. Comparing the forecasted value for 2024 with the actual data from 2023, which stood at 3.98 million metric tons, the projected increase is approximately 1.91%.
The year-on-year variations are as follows:
- 2025: 1.78%
- 2026: 1.72%
- 2027: 1.65%
- 2028: 1.59%
Over the last five years (from 2024 to 2028), the compound annual growth rate (CAGR) stands at around 1.69%, indicating a stable upward trend in meat production.
Future trends to watch for include shifts in domestic agricultural policies, climate change impacts on livestock, advancements in meat production technology, and changing consumer preferences which might influence meat supply and demand dynamics in the Philippines.
