Philippines Agribusiness Market

Philippines Agribusiness Market Overview:

The Philippines agribusiness market size reached USD 68.00 Billion in 2024. The market is projected to reach USD 86.96 Billion by 2033, exhibiting a growth rate (CAGR) of 2.77% during 2025-2033. Public and private investments are enhancing post-harvest handling, storage, and distribution systems to reduce food waste and maintain quality. Besides this, modern innovations, which are enabling farmers to optimize water usage, fertilizer application, and crop health management, are contributing to the expansion of the Philippines agribusiness market share.

Philippines Agribusiness Market Trends:

Increasing emphasis on food security

Rising focus on food security is fueling the market growth in the Philippines. Government policies are emphasizing increased domestic agricultural output to reduce dependence on imports and improve resilience against global market volatility. Efforts include the adoption of modern farming technologies, improved irrigation infrastructure, and the cultivation of climate-resilient crop varieties to protect yields from natural disasters and changing weather patterns. In April 2025, a team from the Department of Agriculture (DA), headed by Secretary Francisco P. Tiu Laurel Jr. traveled to the Korea Agricultural Machinery Industry Cooperative (KAMICO) to explore investment possibilities and policy alignment regarding the proposed 20-hectare Agriculture Machinery Industry Complex in Nueva Ecija, Philippines. The initiative was aimed at enhancing food security and improving the livelihoods of farmers. It would also draw in foreign investments, create employment opportunities, and facilitate the transfer of advanced technologies. Public and private investments are enhancing post-harvest handling, storage, and distribution systems to reduce food waste and maintain quality. Initiatives promoting urban farming, sustainable agriculture, and diversified crop production are helping meet nutritional needs while creating new agribusiness opportunities. Moreover, the focus on self-sufficiency in key staples, such as rice, corn, and vegetables, is strengthening the value chain, from farm inputs to retail distribution.

Innovations in technology

Technological advancements are impelling the Philippines agribusiness market growth by transforming traditional farming into a more efficient, productive, and sustainable sector. Modern innovations, such as precision agriculture, automated irrigation systems, and sensor-based soil monitoring, enable farmers to optimize water usage, fertilizer application, and crop health management, leading to higher yields and reduced input costs. The integration of digital platforms and mobile applications allows real-time access to weather forecasts, market prices, and farming advice. Mechanization through advanced tractors, harvesters, and processing equipment is improving operational efficiency and minimizing labor dependency. Biotechnology is further contributing to the development of pest-resistant and climate-resilient crop varieties, ensuring stable production despite environmental challenges. In addition, companies are launching agricultural drones to monitor fields, spray pesticides, and collect crop data more accurately. In June 2025, the Philippine Rice Research Institute (PhilRice), under the Department of Agriculture, presented agricultural drones to 50 farmer-cooperators at a PalaySikatan caravan in Quezon, Philippines. The showcase, carried out in collaboration with AgriDOM Solutions, emphasized the advantages of smart agriculture in contemporary rice farming. It demonstrated the drone's abilities in spreading seeds and applying fertilizer over a 26-hectare area.

Philippines Agribusiness Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product.

Product Insights:

• Grains
  • Wheat
  • Rice
  • Coarse Grains – Ragi
  • Sorghum
  • Millets
• Oilseeds
  • Rapeseed
  • Sunflower
  • Soybean
  • Sesamum
  • Others
• Dairy
  • Liquid Milk
  • Milk Powder
  • Ghee
  • Butter
  • Ice-cream
  • Cheese
  • Others
• Livestock
  • Pork
  • Poultry
  • Beef
  • Sheep Meat
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes grains (wheat, rice, coarse grains – ragi, sorghum, and millets), oilseeds (rapeseed, sunflower, soybean, sesamum, and others), dairy (liquid milk, milk powder, ghee, butter, ice-cream, cheese, and others), livestock (pork, poultry, beef, and sheep meat), and others.

Regional Insights:

• Luzon
• Visayas
• Mindanao

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Philippines Agribusiness Market News:

• In January 2025, Yovel East Research and Development, Inc., an agriculture-based firm in the Philippines, signed a deal with Malaysia’s Bornion Green SDN BHD for durian farm plantations in the Philippines. Farmers managed by Yovel East would be given access to funding, markets, and guidance, the three key components of successful entrepreneurship.
• In January 2025, the International Rice Research Institute (IRRI) and XAG revealed plans to enhance agricultural automation and innovation in the Philippines with digital agriculture and precision farming utilizing drone technology. IRRI and XAG were set to work together under a Memorandum of Understanding (MOU) to test the use of smart agriculture technologies in rice-based cropping systems via research and experimentation.

Philippines Agribusiness Market Report Coverage:

Key Questions Answered in This Report:

• How has the Philippines agribusiness market performed so far and how will it perform in the coming years?
• What is the breakup of the Philippines agribusiness market on the basis of product?
• What is the breakup of the Philippines agribusiness market on the basis of region?
• What are the various stages in the value chain of the Philippines agribusiness market? 
• What are the key driving factors and challenges in the Philippines agribusiness market?
• What is the structure of the Philippines agribusiness market and who are the key players?
• What is the degree of competition in the Philippines agribusiness market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Philippines agribusiness market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines agribusiness market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Philippines agribusiness industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.