The demand for meat in the Philippines is projected to grow steadily from 2024 to 2028. In 2023, the meat demand was at 4.10 million metric tons. Analyzing the forecasted data, the demand in 2024 stands at 4.12 million metric tons, which shows a year-on-year growth of approximately 0.5% from 2023. Continuing this trend, meat demand is expected to rise by roughly 0.7% each year until 2028, reaching 4.25 million metric tons. The compound annual growth rate (CAGR) over these five years is about 0.7%.

Future trends to watch for include:

Changes in consumer preferences, particularly a potential shift towards plant-based proteins influenced by global trends.
Impacts of government policies on meat production and importation which could affect supply and pricing.
Potential disruptions in supply chains, such as those caused by climate change or geopolitical factors, which could impact meat availability and costs.