With plans to open an ice cream plant in the Philippines, Singaporean company Aice looks set to contribute significantly to the growth prospects of impulse ice cream over the forecast period. A local manufacturing facility should help it to expand its presence and potentially offer a wider range of products through more distribution channels, with it having already introduced new product options such as ice cream sandwiches, red bean sandwiches, and avocado sundaes to the market, which it sells at very competitive prices.
Following the success of Super Scoops and the increased consumer awareness of plant-based ice cream it is possible that new players may look to enter the market with their own plant-based offerings. This is likely to be fuelled by the growing trend for dairy-free milk such as coconut milk, oat milk and soy milk, which may develop into a growing variety of plant-based ice cream.
While Filipino consumers have long had an affinity for ice cream, existing players and new players may find it beneficial to introduce more unique flavours both within impulse ice cream and take-home ice cream to help build interest and excitement. Taking inspiration from the large number of ice cream shops that offer hand-crafted ice cream, there could be potential for ice cream manufacturers to introduce the more popular of these unique flavours to a mass audience.
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Understand the latest market trends and future growth opportunities for the Ice Cream industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Ice Cream industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Ice Cream
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, plant-based ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in Passport’s Staple Foods research. Please note that soft serve ice cream from ice cream dispensing machines sold at foodservice outlets (e.g. fast food or ice cream parlours) is entirely excluded.
See All of Our DefinitionsThis report originates from Passport, our Ice Cream research and analysis database.
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