The forecasted demand for crustaceans in the Philippines is projected to increase from 112.75 thousand metric tons in 2024 to 113.03 thousand metric tons in 2028. This gradual increase in demand shows a consistent year-on-year growth of approximately 0.06%, reflecting a stable market with incremental growth over the forecast period. The actual demand for crustaceans in 2023 was slightly lower, providing a base for comparison and indicating an ongoing upward trend in the market.
Future trends to watch for include potential impacts of climate change on marine ecosystems, advancements in sustainable fishing practices, and fluctuations in global seafood markets. Additionally, any changes in consumer preferences, dietary trends, or economic factors could influence future demand for crustaceans in the Philippines.
