The demand for beef meat in the Philippines is projected to see a steady increase from 2024 to 2028. In 2023, the actual demand stood at 515.12 Thousand Metric Tons. The forecasted values for 2024 onwards show a consistent year-on-year growth. Specifically, the values are expected to rise from 517.93 Thousand Metric Tons in 2024 to 529.25 Thousand Metric Tons by 2028. This reflects an approximate CAGR of 0.6% over the five-year period.

The year-on-year variations highlight a gradual upward trend:

2024-2025: 0.56%
2025-2026: 0.55%
2026-2027: 0.54%
2027-2028: 0.52%

Future trends to watch for:

Potential shifts in consumer preferences towards plant-based alternatives may affect demand.
Economic factors such as inflation, disposable income, and trade policies will play a critical role.
Possible impacts of climate change on beef production and supply chain disruptions.