The import of Vitamin Concentrates, Intermixtures of Vitamins to the Philippines is expected to see sustained growth over the next five years. The volume is forecasted to increase from 2.1964 million kilograms in 2024 to 2.5333 million kilograms by 2028. This represents a year-on-year growth rate of 3.95% for 2025, 3.73% for 2026, 3.52% for 2027, and 3.33% for 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 3.63%.
Future trends to watch for include:
- Consumer health trends driving increased demand for vitamin supplements.
- Regulatory changes that could impact import volumes or supplier diversity.
- Technological advancements in the production and formulation of vitamin concentrates.
- International trade policies that could influence import costs and availability.