The import of provitamins and vitamins to the Philippines stood at 135 million USD in 2023. The forecasted values show a steady increase from 140.5 million USD in 2024 to 160.11 million USD by 2028. The year-on-year percentage variations reflect consistent growth. From 2024 to 2025, the increase is 3.6%, from 2025 to 2026 it's 3.4%, from 2026 to 2027 it stands at 3.2%, and finally, from 2027 to 2028 the growth is 3.0%. Over the last two years, the average annual growth rate was 3.3%. The compound annual growth rate (CAGR) over the last five years is 3.2%.
Future trends to watch for include potential impacts from global supply chain disruptions, changes in health regulations, and the increasing focus on health and wellness in Southeast Asia. Additionally, advancements in biotechnology and dietary supplements could further drive demand for imports of provitamins and vitamins.