Meat consumption in PH to continue growing
Meat consumption will continue to grow in the country as the per capita consumption remains very low, Philippine Association Of Meat Processors, Inc. (PAMPI) Vice President Jerome Ong said.
“Right now, the meat industry is indeed growing by 10 percent to 11 percent already. We see that growth rate being sustained or perhaps increased to even more than 12 percent because our per capita GDP is now at US3,100 dollars in real terms,” Ong said.
“There is this so called inflection point or tipping point recognized by most global economies. That figure is US3,500 dollars per capita GDP. At that point, many countries who reached that point in real terms started to grow even more rapidly and we are already at US3,100 dollars, we’re almost there. Meat consumption here in the Philippines is still pretty low,” he added.
Right now, the per capita consumption for meat in the Philippines only stands at 30 kilograms (kg), while in other ASEAN countries, per capita consumption stands at 50 kg or 60 kg and in the Western world, it’s around 90 kg to 110 kg.
“The population growth and the growing affluence will translate to higher demand for protein in the Philippines,” Ong further said.