Philippines Prepared Meals Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026
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The prepared meals market in the Philippines was valued at $140.6 million in 2021. The market is projected to grow at a CAGR of more than 6% during the forecast period. Ready meals was the largest category in the market both in terms of value and volume. The pizza category is forecast to register the fastest value and volume growth. Hypermarkets and supermarkets were the largest distribution channel in the Filipino prepared meals sector. Rigid plastic is the most used pack material, followed by flexible packaging and rigid metal.
The Philippines prepared meals market report provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.
Philippines prepared meals market overview
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What are the leading categories in the Philippines prepared meals market?
The leading categories in the prepared meals market in Philippines are ready meals, meal kits, and pizza. Ready meals led the Filipino prepared meals sector in terms of per capita consumption in 2021. The ready meals category can be further segmented into ambient ready meals, chilled ready meals, dried ready meals, and frozen ready meals. Pizzas can be further segmented into chilled pizza and frozen pizza. The meal kits category can be further segmented into ambient meal kits, chilled meal kits, and frozen meal kits.
Philippines prepared meals market, by category
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What are the leading distribution channels in the Philippines prepared meals market?
The leading distribution channels in the prepared meals market in the Philippines are hypermarkets and supermarkets, food and drinks specialists, convenience stores, and cash and carries and warehouse clubs. Hypermarkets and supermarkets dominated the market.
Philippines prepared meals market, by distribution channel
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Which are the leading companies in the Philippines prepared meals market?
The leading companies in the Philippines prepared meals market are San Miguel Corporation, Cdo Foodsphere Inc., Universal Robina, Century Pacific Group, LA FILIPINA UY GONGCO GROUP OF COMPANIES, Hormel Foods Corporation, and Nestle. San Miguel Corporation dominates the Filipino prepared meals market both in terms of value and volume.
Philippines prepared meals market, by leading companies
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Market report scope
Market size (2021) | $140.6 million |
Growth rate | CAGR of >6% |
Forecast period | 2021-2026 |
Leading categories | Ready Meals, Meal Kits, and Pizza |
Leading distribution channels | Hypermarkets and Supermarkets, Food and Drinks Specialists, Convenience Stores, and Cash and Carries and Warehouse Clubs |
Leading companies | San Miguel Corporation, Cdo Foodsphere Inc., Universal Robina, Century Pacific Group, LA FILIPINA UY GONGCO GROUP OF COMPANIES, Hormel Foods Corporation, and Nestle |
This report provides:
- Overall sector value and volume data with growth analysis for 2016-2026.
- Value and growth analysis for ambient meal kits, chilled meal kits, frozen meal kits, chilled pizza, frozen pizza, ambient ready meals, chilled ready meals, dried ready meals and frozen ready meals with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026.
- Market share of companies (in value terms) and private labels (in value terms) in 2021.
- Percentage of sales within each category through distribution channels.
- Consumption breakdown for package materials and pack types in each category, in terms of percentage share of the number of units sold.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- 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.
- 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 of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, and population. It also includes an economic summary of the country along with the labor market and demographic trends.
Cdo Foodsphere Inc.
Universal Robina
Century Pacific Group
LA FILIPINA UY GONGCO GROUP OF COMPANIES
Hormel Foods Corporation
Nestle
Table of Contents
Table
Figures
Frequently asked questions
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What was the Philippines prepared meals market size in 2021?
The prepared meals market in Philippines was valued at $140.6 million in 2021.
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What is the Philippines prepared meals market growth rate?
The prepared meals market in Philippines is projected to grow at a CAGR of more than 6% during the forecast period.
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What are the leading categories in the Philippines prepared meals market?
The leading categories in the prepared meals market in Philippines are ready meals, meal kits, and pizza.
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What are the leading distribution channels in the Philippines prepared meals market?
The leading distribution channels in the prepared meals market in Malaysia are hypermarkets and supermarkets, food and drinks specialists, convenience stores, and cash and carries and warehouse clubs.
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Which are the leading companies in the Philippines prepared meals market?
The leading prepared meal companies in the Philippines are San Miguel Corporation, Cdo Foodsphere Inc., Universal Robina, Century Pacific Group, LA FILIPINA UY GONGCO GROUP OF COMPANIES, Hormel Foods Corporation, and Nestle.
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