In 2023, the bananas growth capital and venture capital market in the Philippines stood at 3.37 billion US Dollars. For 2024, the forecasted value is 3.49 billion US Dollars, representing a year-on-year increase of approximately 3.6% from 2023. The growth trend continues with forecasted year-on-year percentages of 3.7% for 2025, 3.3% for 2026, 3.2% for 2027, and 3.1% for 2028. Over the last five years, the compound annual growth rate (CAGR) is projected to be around 3.4%.
Future trends to watch for include increased investment in sustainable agricultural practices, technological advancements in banana cultivation, and expansions into global markets driven by rising demand for tropical fruits.
