Philippines Meat Market Assessment by Categories, Distribution, Key Players and Forecasts to 2028

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Philippines Meat Market Report Overview

The Philippines meat market size was valued at PHP455.4 billion ($8.2 billion) in 2023 and will grow at a CAGR of more than 2% during 2023-2028.  The Filipino meat sector accounted for a significant share of the global and Asia-Pacific markets in 2023.

Philippines Meat Market Outlook, 2023-2028 (PHP Billion)

Philippines Meat Market Outlook, 2023-2028 (PHP Billion)

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The Philippines meat market research report provides a comprehensive market overview including insights into categories, cities, distribution channels, and key competitors. The report also analyzes pack material, pack type, closure type, and primary outer type in the Philippines meat market.

Market Size (2023) PHP455.4 billion ($8.2 billion)
CAGR (2023-2028) >2%
Forecast Period 2023-2028
Historic Period 2018-2022
Key Cities ·       Manila

·       Cebu

·       Davao

·       Cagayan de Oro

·       Angeles

Key Categories ·       Chilled Raw Packaged Meat – Whole Cuts

·       Ambient Meat

·       Chilled Raw Packaged Meat – Processed

·       Cooked Meats – Counter​

·       Cooked Meats – Packaged

·       Fresh Meat (Counter)

·       Frozen Meat

Key Distribution Channels ·       Food & Drinks Specialists

·       Hypermarkets & Supermarkets

·       Convenience Stores

·       E-Retailers

Key Pack Materials ·       Rigid Plastics

·       Paper & Board

·       Flexible Packaging

·       Rigid Metal

·       Glass

Leading Companies ·       San Miguel Corporation

·       Jaro Development Corporation

·       Cdo Foodsphere, Inc.

·       Bounty Agro Ventures, Inc

·       Century Pacific Group

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Philippines Meat Market Segmentation by Category

The key categories in the Philippines meat market are ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter), and frozen meat. Fresh meat (counter) accounted for the highest share of the Philippines meat market in 2023.

Philippines Meat Market Analysis by Categories, 2023 (%)

Philippines Meat Market Analysis by Categories, 2023 (%)

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Philippines Meat Market Segmentation by Cities

A few of the key cities in the Philippines meat market are Manila, Cebu, Davao, Cagayan de Oro, and Angeles. Manila emerged as the leading country in the Philippines meat market accounting for a significant volume share in 2023.

Philippines Meat Market Analysis by Cities, 2023 (%)

Philippines Meat Market Analysis by Cities, 2023 (%)

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Philippines Meat Market Segmentation by Distribution Channel

The key distribution channels in Philippines’s meat market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, and e-retailers. In 2023, food & drinks specialists was the leading distribution channel in the Philippines meat market.

Philippines Meat Market Analysis by Distribution Channel, 2023 (%)

Philippines Meat Market Analysis by Distribution Channel, 2023 (%)

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Philippines Meat Market Segmentation by Pack Material

The key pack materials in the Philippines meat market are rigid plastics, paper & board, rigid metal, glass, and flexible packaging. In 2023, flexible packaging was the most used pack material in the Philippines meat market.

Philippines Meat Market Analysis by Pack Material, 2023 (%)
Philippines Meat Market Analysis by Pack Material, 2023 (%)Buy the Full Report for More Pack Material Insights into the Philippines Meat Market
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Philippines Meat Market - Competitive Landscape

A few leading companies in the Philippines meat market are San Miguel Corporation, Jaro Development Corporation, Cdo Foodsphere, Inc., Bounty Agro Ventures, Inc, and Century Pacific Group. In 2023, San Miguel Corporation was the leading company in the Filipino meat market. Monterey, owned by San Miguel Corporation, held a significant value share of the Philippines meat sector in 2023.

Philippines Meat Market Analysis by Companies, 2023 (%)

Philippines Meat Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Philippines Meat Market Category Outlook (Value, PHP Billion, 2018-2028)

  • Chilled Raw Packaged Meat – Whole Cuts
  • Ambient Meat
  • Chilled Raw Packaged Meat – Processed
  • Cooked Meats – Packaged
  • Cooked Meats – Counter
  • Fresh Meat (Counter)
  • Frozen Meat

Philippines Meat Market Cities Outlook (Value, PHP Billion, 2018-2028)

  • Manila
  • Cebu
  • Davao
  • Cagayan de Oro
  • Angeles

Philippines Meat Market Distribution Channel Outlook (Value, PHP Billion, 2018-2028)

  • Food & Drinks Specialists
  • Hypermarkets & Supermarkets
  • Convenience Stores
  • E-Retailers

Philippines Meat Market Pack Materials Outlook (Value, PHP Billion, 2018-2028)

  • Rigid Plastics
  • Paper & Board
  • Flexible Packaging
  • Rigid Metal
  • Glass

Reasons to Buy

  • Identify high potential categories and explore market opportunities based on detailed value and volume analysis.
  • Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
  • Gain an understanding of the competitive landscape based on detailed company share analysis to plan effective market positioning.
  • Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
  • The report provides an analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, and population (by age group, gender, rural-urban split, and employed people and unemployment rate). It also includes an economic summary of the country along with the labor market and demographic trends.

San Miguel Corporation
Jaro Development Corporation
Cdo Foodsphere Inc.
Bounty Agro Ventures Inc
Century Pacific Group
Bounty Agro Ventures Inc.

Table of Contents

Report Scope

Executive Summary

Market Environment

Value and Volume Share of Philippines in the Global and Asia-Pacific Markets

Growth Analysis of Philippines Compared to Other Leading Countries in the Asia-Pacific Market

PCC and PCE of Philippines Compared to the Global and Asia-Pacific Markets

Sector Deep Dive

Philippines Meat Sector Snapshot

Market Size Analysis

Cross-Category Comparison – Value Growth Analysis and Category Winners and Losers

Cross-Category Comparison – Volume Growth Analysis and Category Winners and Losers

Category Deep Dive

Per Capita Consumption Analysis by Category

Market Size Analysis – Category: Ambient Meat

Segment-level Analysis (In Value Terms) – Ambient Meat

Segment-level Analysis (In Volume Terms) – Ambient Meat

Market Size Analysis – Category: Chilled Raw Packaged Meat – Processed

Segment-level Analysis (In Value Terms) – Chilled Raw Packaged Meat – Processed

Segment-level Analysis (In Volume Terms) – Chilled Raw Packaged Meat – Processed

Market Size Analysis – Category: Chilled Raw Packaged Meat – Whole Cuts

Segment-level Analysis (In Value Terms) – Chilled Raw Packaged Meat – Whole Cuts

Segment-level Analysis (In Volume Terms) – Chilled Raw Packaged Meat – Whole Cuts

Market Size Analysis – Category: Cooked Meats – Counter

Market Size Analysis – Category: Cooked Meats – Packaged

Segment-level Analysis (In Value Terms) – Cooked Meats – Packaged

Segment-level Analysis (In Volume Terms) – Cooked Meats – Packaged

Market Size Analysis – Category: Fresh Meat (Counter)

Segment-level Analysis (In Value Terms) – Fresh Meat (Counter)

Segment-level Analysis (In Volume Terms) – Fresh Meat (Counter)

Market Size Analysis – Category: Frozen Meat

Segment-level Analysis (In Value Terms) – Frozen Meat

Segment-level Analysis (In Volume Terms) – Frozen Meat

Distribution Analysis

Channel Share Analysis

Competitive Environment

Leading Companies – Value and Volume Shares

Brand Share Analysis of Top Five Companies

Brand Share Analysis of Top Five Companies by Category

Private Label Share Analysis by Category

Growth of Private Labels Compared to Branded Products

Degree of Consolidation/Fragmentation by Category

Packaging Analysis

Pack Material Growth Analysis

Pack Type Growth Analysis

Closure Type Growth Analysis

Primary Outer Type Growth Analysis

City Deep Dive

Market Size Analysis of Top four Cities

Market Size Analysis of Top four0 Cities by Category

Consumergraphics

Demographic Analysis

Macroeconomic Analysis

GDP Growth and Inflation

Population Growth

Labor Market Trend

Economic Summary, Labor Market Trends, and Demographic Trends

Philippines Risk Index (GCRI) 2023

Philippines Risk Analysis – Compared to Global and Asia-Pacific Markets

Methodology

Definitions

Appendix

Table

Leading value categories

Leading categories (volume), 2023

Cross-category comparison – by value (2018–2028)

Cross-category comparison – by volume (2018–2028)

Per capita consumption (by category), philippines compared to asia-pacific and global levels (in units), 2023

Segment-level analysis (in value terms) – ambient meat

Segment-level analysis (in volume terms) – ambient meat

Segment-level analysis (in value terms) – chilled raw packaged meat – processed

Segment-level analysis (in volume terms) – chilled raw packaged meat – processed

Segment-level analysis (in value terms) – chilled raw packaged meat – whole cuts

Segment-level analysis (in volume terms) – chilled raw packaged meat – whole cuts

Segment-level analysis (in value terms) – cooked meats – packaged

Segment-level analysis (in volume terms) – cooked meats – packaged

Segment-level analysis (in value terms) – fresh meat (counter)

Segment-level analysis (in volume terms) – fresh meat (counter)

Segment-level analysis (in value terms) – fresh meat (counter)

Segment-level analysis (in volume terms) – fresh meat (counter)

Change in distribution share, 2018–2023

Top five companies share by brand (in value and volume terms) in the meat sector, 2023

Brand shares of top five companies (in value and volume terms) by category, 2023

Volume share analysis of top 10 cities by category (%), 2023

Performance overview (score: 1–100)

Category data, by segment

Per capita consumption (in units), 2018–2028

Per capita expenditure ($), 2018–28

Meat sales distribution in the Philippines – by category (PHP million), 2023

Brand share (in value and volume terms) in the meat sector, 2023

Brand share (in value and volume terms) in the meat sector, by category, 2023

Pack material (in million pack units), 2018–28

Pack materials by category (in million pack units), 2023

Pack type (in million pack units), 2018–28

Pack types by category (in million pack units), 2023

Closure type (in million pack units), 2018–28

Closure types by category (in million pack units), 2023

Primary outer type (in million pack units), 2018–28

Primary outer types by category (in million pack units), 2023

Real GDP and annual growth (%), 2020–28

Nominal GDP and annual growth (%), 2020–28

Consumer price inflation (%), 2020–28

Employed people and unemployment rate (%), 2020–28

Nominal household final consumption expenditure and annual growth (%), 2020–28

Population and annual growth (%), 2020–28

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Figures

Value and volume shares of Philippines in the global and Asia-Pacific meat sector, 2023 –2026

Philippines compared to the other top countries in terms of market share, growth, and the competitive landscape

PCC comparison – Philippines, Asia-Pacific, and global, 2018–2028

PCE comparison – Philippines, Asia-Pacific, and global, 2018–2028

Market size and growth analysis by value and volume, meat sector, 2018–2028

Cross-category comparison – value growth analysis and category winners and losers

Cross-category comparison – volume growth analysis and category winners and losers

Market size and growth analysis by value and volume, ambient meat category, 2018–2028

Market size and growth analysis by value and volume, chilled raw packaged meat – processed, 2018–2028

Market size and growth analysis by value and volume, chilled raw packaged meat – whole cuts category, 2018–2028

Market size and growth analysis by value and volume, cooked meats – counter category, 2018–2028

Market size and growth analysis by value and volume, cooked meats – packaged, category, 2018–2028

Market size and growth analysis by value and volume, fresh meat (counter), category, 2018–2028

Market size and growth analysis by value and volume, fresh meat (counter), category, 2018–2028

Share of key distribution channels (in value terms) – meat, 2023

Key distribution channel share by category (in value terms), 2023

Leading companies (in value and volume terms) in the meat sector, 2023

Private label penetration by category (in value terms), 2023

Growth analysis, private label and brands, 2018–2028

Category-wise consolidation/fragmentation (in value terms) – meat , 2023

Key pack materials in the Filipino meat sector by percentage share of pack units, 2023

Annual growth rate by key pack material, 2018–2028

Use of pack material by category (in pack units), 2023

Key pack types in the Filipino meat sector by percentage share of pack units, 2023

Annual growth rate by key pack type, 2018–2028

Use of pack type by category (in pack units), 2023

Key closure types in the philippines meat sector by percentage share of pack units, 2023

Annual growth rate by key closure type, 2018–2028

Use of closure type by category (in pack units), 2023

Key primary outer types in the philippines meat sector by percentage share of pack units, 2023

Annual growth rate by key primary outer type, 2018–2028

Use of primary type by category (in pack units), 2023

Volume growth analysis of 10 cities (million kg), 2018–2023

Demographic analysis

Real GDP (PHP billion) and annual growth (%)

Nominal GDP (PHP billion) and annual growth (%)

Consumer price inflation (%)

Nominal household final consumption expenditure growth (%) in PHP terms

Population (million) and annual growth (%)

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Employed people (million) and unemployment rate (%)

Economic summary, labor market trends, and demographic trends

Five lowest-risk nations in GCRI Q4 2023

Five highest-risk nations in GCRI Q4 2023

Philippines’s performance in country risk analysis in comparison to asia-pacific and the world

List of 108 countries analyzed to identify the high-potential countries in different regions

Frequently asked questions

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