In 2023, meat production in the Philippines stood at 3.76 million metric tons. The forecasted data from 2024 to 2028 shows a steady growth in meat production, increasing each year. Specifically, production is projected to rise from 3.79 million metric tons in 2024 to 3.92 million metric tons in 2028.
Year-on-year variations highlight a consistent increase of approximately 0.79% each year over the forecast period. Comparing the last two years, 2023 to 2024 shows a smaller increase of around 0.8%. Looking at the last five years, the Compound Annual Growth Rate (CAGR) suggests an average yearly growth of about 0.8%.
Future trends to watch for include potential impacts from technological advancements in meat production, shifts in consumer preferences towards alternative proteins, and potential policy changes related to environmental sustainability and food safety regulations.
