Philippines Dairy and Soy Food Market Size and Trend Analysis by Categories and Segments, Distribution Channel, Packaging Formats, Market Share, Demographics, and Forecast, 2021-2026
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The Philippines dairy & soy food market was valued at $3.1 billion in 2021 and is expected to grow at a CAGR of more than 9% during 2021-2026. Milk led the Filipino dairy & soy food sector in terms of per capita consumption.
The Philippines dairy & soy food market research report provides a comparative analysis of Philippines’s value and volume shares in the Asia-Pacific and global dairy & soy food sector. It offers an overview of the growth at a sector level and analyzes the various categories and distribution channels. Additionally, the report analyzed leading companies in the Filipino dairy & soy food sector in 2021.
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Top Cities of Philippines Dairy and Soy Food Market
The top cities in the Philippines dairy & soy sector are Manila, Cebu, Davao, Cagayan de Oro, Angeles, Iloilo-Guimaras, Naga, Bacolod, Baguio and Batangas. Manila emerged as the largest dairy & soy market in Philippines, followed by Cebu and Davao.
Philippines Dairy and Soy Food Market, by City Analysis
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Key Categories of Philippines Dairy and Soy Food Market
The Philippines dairy & soy food market’s key categories are butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks and yogurt. Milk was the largest category, followed by drinkable yogurt and cream. The drinkable yogurt category is expected to gain the maximum market share in value terms during the forecast period.
Philippines Dairy and Soy Food Market, by Categories
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Key Distribution Channel of Philippines Dairy and Soy Food Market
The key distribution channel in Philippines’s dairy and soy food market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, and cash & carries and warehouse clubs. Hypermarkets & supermarkets was the largest distribution channel in the Philippines dairy & soy food sector.
Philippines Dairy and Soy Food Market, by Distribution Channels
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Packaging Analysis of Philippines Dairy and Soy Food Market
The key packaging materials in the Philippines dairy & soy food sector are flexible packaging, rigid plastics, paper & board, rigid metal and glass. Flexible packaging was the most used pack material in the Philippines dairy & soy food sector, followed by rigid plastics and paper & board.
Philippines Dairy and Soy Food Market, by Packaging Material
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Key Companies of Philippines Dairy and Soy Food Market
Some of the key companies in Philippines’s dairy and soy food market are Royal FrieslandCampina N.V., Nestlé, Yakult Honsha, Fonterra Co-Operative Group and San Miguel Corporation among others.
Philippines Dairy and Soy Food Market, by Key Companies
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Philippines Dairy and Soy Food Market - Overview
Market Value (2021) | $3.1 billion |
CAGR (2021-2026) | > 9% |
Key Cities | Manila, Cebu, Davao, Cagayan de Oro, Angeles, Iloilo-Guimaras, Naga, Bacolod, Baguio and Batangas |
Key Categories | Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Grain, Nut, Rice, Seed Milk Alternatives, Milk, Soymilk & Soy Drinks and Yogurt |
Key Distribution Channels | Hypermarkets & Supermarkets, Food & Drinks Specialists, Convenience Stores, and Cash & Carries and Warehouse Clubs |
Key Packaging Material | Rigid Plastics, Paper & Board, Flexible Packaging, Rigid Metal and Glass |
Key Companies | Royal FrieslandCampina N.V., Nestlé, Yakult Honsha, Fonterra Co-Operative Group and San Miguel Corporation |
Scope
- Per capita consumption of dairy & soy food was lower in Philippines than the global and regional level in 2021
- Milk was the largest category in value and volume terms, while drinkable yogurt category is expected to register the fastest growth during 2021-2026
- Hypermarkets & supermarkets was the leading distribution channel in the Filipino dairy & soy food sector, with a value share of 52.2% in 2021
- Flexible packaging accounted for a share of 31.6% in the Filipino dairy & soy food sector in 2021
- “Kids & babies” represent the largest subset of the dairy & soy sector in Philippines
Reasons to Buy
- Identify high potential categories and explore further 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 total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts have 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 packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
Nestlé
Yakult Honsha
Fonterra Co-Operative Group
San Miguel Corporation
Century Pacific Group
Green Spot Co. Ltd.
Dutch Mill Group
Asahi Group Holdings Ltd
Vitasoy International Holdings
Table of Contents
Table
Figures
Frequently asked questions
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What was the market value of the Philippines dairy and soy food market in 2021?
The Philippines dairy and soy food market was valued at $3.1 billion in 2021.
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What was the CAGR of the Philippines dairy and soy food market during the forecast period 2021-2026?
The Philippines dairy and soy food market was forecast to grow at a CAGR of more than 9% during the forecast period.
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What are the key cities in the Philippines dairy and soy food market?
The key cities in the Philippines dairy & soy sector are Manila, Cebu, Davao, Cagayan de Oro, Angeles, Iloilo-Guimaras, Naga, Bacolod, Baguio and Batangas.
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What are the key categories of the Philippines dairy and soy food market?
The key categories of Philippines dairy & soy food market are butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks and yogurt.
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What are the key distribution channels of the Philippines dairy and soy food market?
The key distribution channel in Philippines’s dairy and soy food market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, and cash & carries and warehouse clubs.
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What are the key packaging materials used in the Philippines dairy and soy food market?
The key packaging materials used in the Philippines dairy and soy food market are flexible packaging, rigid plastics, paper & board, rigid metal and glass.
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What are the key companies in the Philippines dairy and soy food market?
Some of the key companies in the Philippines dairy and soy food market are Royal FrieslandCampina N.V., Nestlé, Yakult Honsha, Fonterra Co-Operative Group and San Miguel Corporation.
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