Philippines Pasta & Noodles – Market Assessment and Forecasts to 2025
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The Filipino pasta & noodles market was valued at $1.1 billion in 2020 and the market is projected to grow at a CAGR of more than 6% during 2021-2025. In 2020, Manila emerged as the largest pasta & noodles market in the Philippines, followed by Cebu and Devao. The pasta & noodles market in Davao recorded the fastest growth during 2015-2020 while Baguio recorded the slowest growth during the same period.
The Filipino pasta & noodles market accounted for a value share of 1.6% and 2.9%, respectively, in the global and Asia-Pacific markets in 2020. The value share of the Philippines in the global market and in the Asia-Pacific market is expected to increase by 2025. Similarly, the volume share of the Filipino pasta & noodles market in the global market and the Asia-Pacific market is expected to increase by 2025.
Overview of pasta & noodles market in Philippines
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What are the market dynamics of the pasta & noodles market in the Philippines?
The key distribution channels in the pasta & noodles market in the Philippines include convenience stores, hypermarkets & supermarkets, cash & carries & warehouse clubs, e-retailers, food & drinks specialists, and others. Hypermarkets & supermarkets is the leading distribution channel in the Filipino pasta & noodles market. It accounted for a value share of more than 65% of the distribution channels followed by convenience stores, cash & carries & warehouse clubs.
Dried & instant noodles is the most consolidated category in the Filipino pasta & noodles market, with the top three companies accounting for a combined value share of more than 70% in 2020. The top three companies in the dried pasta category accounted for over 70% share in the sector which is below the average share of nearly 72%.
The key pack materials in the Filipino pasta & noodles market include flexible packaging, rigid plastics, paper & board, and rigid metal. Flexible packaging is the leading material used in the Filipino pasta & noodles market, which accounted for a share of more than 90% in 2020, followed by paper & board, rigid plastics, and rigid metal. The ambient noodles category uses flexible packaging for all its products, while the ambient pasta category uses rigid metal for all its products.
What are the key categories of the Filipino pasta & noodles market?
The key categories in the Filipino pasta & noodles market include ambient noodles, ambient pasta, chilled noodles, chilled pasta, dried & instant noodles, and dried pasta. Dried & instant noodles was the largest category in both volume and value sales, in 2020 followed by dried pasta, and chilled pasta. The dried pasta category is forecast to register the fastest volume and value growth, during 2020-2025, followed by ambient pasta.
In terms of per capita consumption, dried & instant noodles led the Filipino pasta & noodles market in 2020, followed by dried pasta and chilled noodles. Furthermore, per capita consumption of ambient noodles and dried and instant noodles was higher in the Philippines compared to both the regional and global levels in the same year. However, per capita consumption of chilled pasta and dried pasta category was higher in the Philippines than the regional level, but lower when compared to the global level. The per capita consumption of ambient pasta and chilled noodles was lower in the Philippines compared to both the regional and global levels in the same year.
Philippine’s pasta & noodles market, key categories
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Which are the major companies in the Filipino pasta & noodles market?
The leading companies by value in 2020 include Monde Nissin Corporation, Rfm Corporation, Nissin Food Holdings Co., LTD, Del Monte Foods, and Quick Chow Mein. Monde Nissin Corporation, Rfm Corporation and Nissin Food Holdings Co., Ltd are the top three companies in the Filipino pasta & noodles sector.
Philippines pasta & noodles market, key players
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Market report scope
Market Size (Year – 2020) | $1.1 billion |
Growth | CAGR >6% during 2021-2025 |
Key Companies | Monde Nissin Corporation, Rfm Corporation, Nissin Food Holdings Co., LTD, Del Monte Foods, and Quick Chow Mein |
Forecast Period | 2021-2025 |
Key Categories | Ambient noodles, ambient pasta, chilled noodles, chilled pasta, dried & instant noodles and dried pasta |
Scope
This report provides an overview of the Filipino pasta & noodles market. It provides:
- Per capita consumption and per capita expenditure of pasta & noodles was higher in the Philippines than the global and regional level in 2020.
- Filipino consumers prefer value-for-money products in the pasta & noodles sector.
- Hypermarkets & supermarkets is the leading distribution channel in the Filipino pasta & noodles sector, with a value share of 69.5% in 2020.
- Flexible packaging accounted for a share of 99.6% in the Filipino pasta & noodles sector, in 2020.
- The top 10 cities in the Filipino pasta & noodles sector accounted for 24.2% of the overall volume sales in 2020.
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.
Nissin Food Holdings Co. Ltd
Del Monte Foods
Quick chow mein
Rfm corporation
Fly Ace Corporation
Golden Me
Universal Robina
Nestle
Table of Contents
Table
Figures
Frequently asked questions
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What was the market size of the pasta & noodles market in the Philippines in 2020?
The market size of the Filipino pasta & noodles market was valued at $1.1 billion in 2020.
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What is the growth rate of the pasta & noodles market in the Philippines?
The pasta & noodles market in the Philippines is expected to grow at a CAGR of more than 6% during 2021-2025.
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What are the key categories of the pasta & noodles market in the Philippines?
The key categories of the market include ambient noodles, ambient pasta, chilled noodles, chilled pasta, dried & instant noodles, and dried pasta.
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Which are the major companies in the pasta & noodles market in the Philippines?
The leading companies in the market are Monde Nissin Corporation, Rfm Corporation, Nissin Food Holdings Co., LTD, Del Monte Foods, and Quick Chow Mein.
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