The forecast for the mutton and goat meat market size volume in the Philippines indicates a slight but consistent decline from 60.17 thousand metric tons in 2024 to 59.76 thousand metric tons in 2028. Comparing these values to the year 2023, where the volume stood at approximately 60.27 thousand metric tons, it represents a year-on-year variation of around -0.17% to -0.10% over the years 2024 to 2028. The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be negative, reflecting minimal yet steady decline in demand.
Future trends to watch for in the mutton and goat meat market in the Philippines could include shifts in consumer preferences towards alternative protein sources, changes in import-export policies, and potential improvements in local production efficiency. Market players should also monitor the impact of health trends and sustainability concerns that might influence consumption patterns.
