An increase in animal nutrition products driven by a high demographic growth
The Philippines has a population of over 100 million people which is expected to be the tenth most populated country in the world by 2050.
The high demographic growth in the country is characterized by an increasing demand for quality and diversity of animal proteins, where the needs are already consequent.
Agriculture is one of the major sources of food and livelihood of most Filipinos in rural areas. The sector remains a key component in the social and economic development of the country employing about more than 24 million Filipinos.
Crop production has the largest contribution to the industry, at more than 50%, while the livestock, poultry, fisheries, and agricultural activities and services subsectors make up the other half. In the last quarter of 2016, livestock production contributed 18% of the total agricultural output, while poultry shared 15%. The fisheries subsector accounted for a 16% share in the total agricultural production by the same period.
By 2027, the population of hogs in the Philippines should increase at least 10% or 13.72 M from its current inventory at 12.47 M heads.
An aquaculture production that is rising significantly in the Philippines
Philippines was ranked as 7th among the world’s top fisheries producing countries in 2013. In the last quarter of 2016, the harvests from the aquaculture farms have reached 2.34 metric tons though it has decreased 6.27% from the last year’s record. 1% and 5% annual growth increases are the targets by 2020 both for municipal and commercial fisheries; specifically, 4% increase for milkfish, 6% for tilapia, 10% for shrimp, 25% for seaweeds, 10% for mussels and 10% for mud crab.
Backyard farming of livestock or poultry helps families to augment their daily needs and provides them with a secondary source of income. Backyard raising is becoming a fast-growing home-based business which has the potential for high profits in a relatively short period.
The application of new technologies for animal farming in both large-scale and small-scale production has helped improve the overall productivity, production efficiency and quality over the past decade.