In 2023, the olive oil market size volume per capita in the Philippines stood at 0.030 kilograms. The data from 2024 onwards reflects a forecasted increase in consumption per capita, rising from 0.031 kilograms in 2024 to 0.034 kilograms by 2028.
Year-on-year, the projected growth between each year is modest but steady, averaging an increase of approximately 3-4%. Over the last two years, the growth remains consistent at around 3.23%. The compound annual growth rate (CAGR) over the next five years is expected to be 2.86%, indicative of a stable upward trend in consumption.
Future trends to watch for include potential shifts in consumer preferences towards healthier cooking oils, marketing efforts by olive oil producers, increased availability in supermarkets, and the influence of global price fluctuations on local consumption patterns.
