Analysis of the grapes market in the Philippines shows a steady increase in consumption per capita from 2024 to 2028, starting at 0.57 kilograms in 2024 and reaching 0.61 kilograms by 2028. This rise follows a consistent year-on-year growth rate of approximately 1.75%. In 2023, the consumption stood at 0.56 kilograms per capita, demonstrating a pattern of gradual increase. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 1.73%, indicating a stable yet slow-growing market.
Future trends to watch for include potential shifts in consumer preferences towards healthier diets, which could boost grape consumption further. Additionally, global supply chain dynamics and local production capabilities will have significant impacts on market size and growth rates. Stakeholders should also monitor economic factors such as inflation, which could affect consumer purchasing power and market demand.
