The livestock industry in the Philippines have been a major topic in agricultural discussing, at seeing significant expansion driven by a rising consumption of meat products, improvements in farming methods, and government initiatives to grow the country’s agribusiness market.
Overview of the Livestock Industry
An important area of farming in the Philippines is livestock industry. This contributes greatly to the total amount of agriculture produced in the country, and it centralizes to mainly 2 production types.
Broiler Chicken Production
Broiler chicken production is a major segment of the livestock industry in the Philippines. According to the USDA’s Foreign Agricultural Service, the production is forecasted to grow at a rate of 3.4% in 2024, reaching 1.53 million metric tons. This growth is driven by the commercial sector’s usual annual growth rate of 3% to 7% and the expansion efforts of integrators.
Pork and Beef Production
Pork production in the Philippines is also on the rise, with an expected increase to 970,000 metric tons in 2024. This growth comes despite the setbacks caused by the African Swine Fever, as farmers are repopulating their herds. Similarly, beef production is anticipated to rise slightly to 190,000 metric tons as some farmers shift their focus from hog and small ruminant farming to cattle raising.
Key Market Players
The agribusiness market is another significant aspect of the livestock industry. Key players like San Miguel Foods and Universal Robina Corporation play a crucial role in this market, offering a wide range of animal nutrition solutions. The market’s growth is supported by the increasing demand for high-quality feed and the expansion of commercial farming operations.
Economic Impact and Market Trends
The livestock and poultry sectors are crucial to the Philippines’ economy, contributing significantly to agricultural output and providing livelihoods to many Filipinos. The industry’s growth is driven by several trends, including increasing demand for meat products, the expansion of commercial farming, and the adoption of advanced farming techniques.
The Philippines’ agribusiness market is also experiencing growth, with revenues and volumes expected to rise significantly by 2030. The livestock sector’s contribution to this growth is substantial, highlighting its importance in the country’s agribusiness market.
Livestock Philippines 2024
The livestock industry in the Philippines, marked by significant growth and robust market opportunities, continues to play a vital role in the nation’s agricultural sector. This thriving industry is further bolstered by various initiatives and events that bring together key stakeholders to share knowledge, showcase innovations, and foster business relationships.
One such prominent event is Livestock Philippines 2024, an international trade fair dedicated to the advancement of the livestock and poultry sectors that is happening from May 22-24, 2024 at the World Trade Center in Pasay City.
Attendees include key industry players in livestock, aquaculture, supply chain, and thousands of trade buyers, all converging to explore new business opportunities and forge valuable connections.
Learn more about the event in their official website at https://www.livestockphilippines.com/.
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