The Philippines' poultry meat market is projected to grow from a volume of 1.43 million metric tons in 2024 to 1.49 million metric tons by 2028. This forecast indicates a steady increase in demand for poultry meat, with year-on-year percentage growth of approximately 1.40% to 1.60% annually. Looking at the trend from 2023 to 2028, the market shows a consistent upward trajectory. The compound annual growth rate (CAGR) over the five-year forecasted period stands at around 0.85%.
Future trends to watch for include potential impacts of rising feed costs, changes in consumer preferences towards sustainable and organic poultry products, and the influence of trade policies on import and export dynamics. Keeping an eye on these factors will be essential for stakeholders aiming to capitalize on the expanding poultry meat market in the Philippines.
