Based on actual data from previous years, the infant food market size volume in the Philippines stood at 9.0 Thousand Metric Tons in 2023. The forecasted data indicates a steady increasing trend from 2024 to 2028, starting at 9.46 Thousand Metric Tons in 2024 and rising to 11.57 Thousand Metric Tons by 2028. Year-on-year growth rates are as follows: 2024 shows a 5.1% increase from 2023, 2025 a 5.7% rise, 2026 sees a 5.4% growth, 2027 has a 4.9% increase, and 2028 represents a 4.6% increase. This results in a CAGR (Compound Annual Growth Rate) of approximately 5.2% over the five-year period.
Future trends to watch for include potential impacts of rising awareness of infant nutrition, innovations in product offerings, and changes in regulatory landscapes. Additionally, factors such as economic shifts, fluctuating raw material prices, and demographic changes could influence market dynamics.
