In 2023, the number of duck meat slaughtering in the Philippines stood at 16.54 million heads. Forecasts from 2024 to 2028 indicate a consistent upward trend in duck meat slaughtering. The number is expected to increase from 16.7 million heads in 2024 to 17.32 million heads by 2028, demonstrating a Compound Annual Growth Rate (CAGR) of 1.16% over five years.
The year-on-year growth rates are as follows:
- From 2023 to 2024: 0.97%
- From 2024 to 2025: 0.96%
- From 2025 to 2026: 0.95%
- From 2026 to 2027: 0.88%
- From 2027 to 2028: 0.87%
Future trends to watch for in the duck meat sector include potential changes in consumer demand influenced by dietary trends, the impact of regulatory changes on the agricultural sector, and advancements in poultry farming technology. Monitoring these factors will be essential for a comprehensive understanding of the market dynamics within the Philippines.
