Philippines Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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The meat market in the Philippines was valued at $4.5 billion in 2020 and is forecasted to register a growth of more than 3% during the period 2021-2025. Per capita consumption and per capita expenditure of meat were lower in the Philippines than both the regional and global levels in 2020. Fresh meat (counter) was the largest category in 2020, followed by frozen meat, chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, cooked meats – counter, cooked meats – packaged, and ambient meat.
Overview of the meat market in the Philippines
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What are the market dynamics in the meat market in the Philippines?
Fresh meat (counter) was the largest category in 2020, while the cooked meats – counter category is forecast to register the fastest value growth during 2020-2025. The fresh meat (counter) category is also expected to gain maximum market share in value terms during 2020-2025. “Kids & babies” represent the largest subset of the meat sector in the Philippines in 2020. Fresh meat (counter) was the leading category in volume terms across the top 10 cities in the Filipino meat sector in 2020. Manila recorded the highest consumption of fresh meat (counter). Frozen meat is the second largest category by consumption across the leading cities in the Philippines. Manila and Cebu witnessed the highest consumption of frozen meat, in 2020.
Meat market in the Asia-Pacific, in 2020
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The Philippines accounted for a value share of more than 0.5% in the Asia-Pacific meat sector in 2020. The country is expected to register overall value and volume growth during the forecast period. The Philippines ranks fourth in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 30% in 2020. Per capita consumption of meat in the Philippines increased from 2015 to 2020, which was lower than both the global and the regional levels. The per capita consumption of meat in the Philippines is expected to increase further by 2025.
What are the category classifications in the Philippines’ meat market?
Fresh meat (counter) led the Filipino meat sector in terms of per capita consumption in 2020, followed by frozen meat and chilled raw packaged meat – whole cuts. The per capita consumption of the frozen meat category was higher in the Philippines than at both global and regional levels. However, the per capita consumption of ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, and fresh meat (counter) categories in the country were lower than both the global and regional averages in the same year.
Meat market in the Philippines, by category
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Who are the major players in the Philippines’ meat market?
In 2020, San Miguel Corporation led the meat market of the Philippines followed by Cdo Foodsphere, Inc., Jaro Development Corporation, Bounty Agro Ventures, Inc, and King Sue Ham And Sausage Co. Inc.
Meat market in the Philippines, by key players
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Market report scope
Market size (Year – 2020) | $4.5 billion |
Growth rate | CAGR of >3% from 2021 to 2025 |
Base year for estimation | 2020 |
Segmentation by category | Fresh Meat (Counter), Chilled Raw Packaged Meat – Whole Cuts, Chilled Raw Packaged Meat – Processed, Ambient meat, Frozen meat, Cooked meats – packaged, and Cooked meats – counter |
Key players | San Miguel Corporation, Cdo Foodsphere, Inc., Jaro Development Corporation, Bounty Agro Ventures, Inc, and King Sue Ham And Sausage Co. Inc. |
The report provides an in-depth analysis of the following:
- Sector data: Overall sector value and volume data with growth analysis for 2015-2025.
- Category coverage: Value and growth analysis for 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 with inputs on individual segment share within each category and the change in their market share forecast for 2020-2025.
- Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2020.
- Distribution data: Percentage of sales within each category through distribution channels such as convenience stores, food & drinks specialists, hypermarkets & supermarkets, E-retailers, cash & carries & warehouse clubs, “dollar stores”, variety stores & general merchandise retailers, department stores, and other general retailers.
- Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, rigid metal, flexible packaging, rigid plastics, and paper & board; pack type for: jar, bag/sachet, tub, stand up pouch, carton – folding, can, tray, film, clamshell, specialty container, and blister pack and other pack type, closure type for: screw top, prize off, twist off, plastic tie, foil, film, and other closure types, primary outer types for: carton – folding, bag, sleeve, shrink wrap, and other primary outer type.
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 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 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 an economic summary of the country along with labor market and demographic trends.
Cdo Foodsphere Inc.
Jaro Development Corporation
Bounty Agro Ventures Inc
King Sue Ham And Sausage Co. Inc.
Pampanga`s Best Inc
Monterey Gourmet Foods
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Frequently asked questions
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What is the Philippines’ meat market output in 2020?
The Philippines’ meat market was valued at $4.5 billion in 2020.
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What is the Philippines’ meat market growth rate?
The Philippines’ meat market is forecasted to register a growth of more than 3% during the period 2021-2025.
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What are the key categories in the Philippines’ meat market?
Key categories in the Philippines’ meat market include fresh meat (counter), chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, ambient meat, frozen meat, cooked meats – packaged, and cooked meats – counter.
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Who are the key players in the Philippines’ meat market?
In 2020, San Miguel Corporation led the meat market of the Philippines followed by Cdo Foodsphere, Inc., Jaro Development Corporation, Bounty Agro Ventures, Inc, and King Sue Ham And Sausage Co. Inc.
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