In 2023, the Butter and Ghee market in the Philippines had a per capita value of 0.061 kilograms. For 2024 through 2028, forecasted data suggest a steady increase in per capita consumption, rising from 0.062 to 0.066 kilograms.
Year-on-year variations reveal a consistent growth pattern:
- 2024: 1.64%
- 2025: 1.61%
- 2026: 1.59%
- 2027: 1.56%
- 2028: 1.54%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 1.59%, indicating a gradual yet steady rise in butter and ghee consumption.
Future trends to watch for include shifts in consumer preferences toward healthier fats, potential economic fluctuations impacting disposable income, and possible regulatory changes affecting dairy imports and pricing. These factors could either bolster or hinder the market growth in the upcoming years.
