The poultry meat market in the Philippines is projected to grow consistently from 2024 to 2028, based on forecasted data. The per capita consumption in 2024 is 13.18 kg, progressing to 13.46 kg by 2028. This steady increase reflects a positive trend for the poultry industry in the country.
Year-on-year percentage growth analysis indicates minor yet steady increments each year. Specifically, from 2023 to 2024, 2024 to 2025, 2025 to 2026, and so on, the market is predicted to show a consistent rise. The compound annual growth rate (CAGR) from 2024 to 2028 suggests an average annual increase, signifying sustained growth in per capita consumption over these years.
Future trends to watch for include shifts in consumer preferences towards healthier or more sustainable poultry options, potential impacts of economic fluctuations, and changes in local poultry production capacities and import policies. Monitoring these factors will be crucial for anticipating market adjustments and strategizing accordingly.
