Philippines

Inbound arrivals to the Philippines are stabilising in 2024, as travel conditions normalise after the disruptions created by the pandemic and the following rebound in global mobility. That said, despite surpassing government targets in 2023, a full…

Inbound arrivals in the Philippines shows healthy double-digit growth in 2024, as the travel industry normalises after the disruptions created by the pandemic and the following rebound in global mobility. However, a full recovery to pre-pandemic…

The Philippines' hotel industry (lodging (destination)) is experiencing a rebound as the economy recovers, resulting in healthy double-digit growth in 2024. This is marked by increased domestic spending on staycations and travel, and the return of…

The Philippines travel industry anticipates double-digit growth in bookings in 2024, as seen in the data, driven by strong demand for both domestic and international trips. According to the Philippine Travel Agencies Association, the surge in foreign…

Airlines in the Philippines is seeing a steady rise in 2024, supported by consistent domestic demand and a recovering international market. Indeed, these positive levels of air travel are seen despite fluctuating airfares. According to leading brand…

In the Philippines, retail current value sales of yoghurt are dominated by drinking yoghurt, a category in which there is intense competition between brands, which drives innovation. In comparison, spoonable yoghurt categories remain comparatively…

In 2024, plant-based dairy in the Philippines is set to experience limited retail volume growth despite ongoing consumer interest. This can primarily be attributed to cost-of-living pressures, which have made these alternatives less accessible to a…

Despite the continued rising prices of basic goods weighing on consumers’ disposable incomes, retail volume and current value sales of other dairy are set to increase moderately in 2024. The key category responsible for this growth expectation is…

Despite continued cost-of-living challenges and impaired consumer confidence in 2024, overall drinking milk products is set to continue to experience positive retail volume and current value gains in the Philippines. There is a strongly skewed…

Despite prolonged inflationary pressures in 2024, dairy products and alternatives is set to continue to register moderate retail current value and volume growth in the Philippines. Incumbent players have remained resilient in 2024, with their…

In the Philippines, sales of cheese are predominantly accounted for by spreadable cheese and processed cheese; the former faces competition from various spreads, but has shown notable resilience in 2024. Despite the challenges from competing…

Butter and spreads are staple pantry items in Filipino households, frequently used in both home cooking and baking. These products are integral to a variety of traditional dishes, such as adobo variations, and are also popular as spreads for bread,…

Despite the Philippines demonstrating a declining birth rate in the past decade, baby food remained resilient in the review period, with incumbent players maintaining stable distribution and above-the-line marketing to fuel moderate growth. The…

Manila remains Philippines most economically active city, owing to its position in terms of population size, consumer expenditure, and labour productivity. Meanwhile, General Santos City holds the highest potential for future economic expansion,…

Although folding cartons still remain the leading pack type in bath and shower, they are consistently losing share to flexible plastic in this category. This is because flexible plastic packaging is gaining popularity in bar soap, which dominates the…

Economic freedom is constrained by weak rule of law and regional tensions are on the rise, but state finances are stable. Despite moderation, the economy will outperform peers driven by solid tourism, but inflation remains relatively high, as do…

In the Philippines, PET bottles are the most commonly used packaging for honey as they offer several advantages, including transparency, which allows consumers to easily see the honey’s colour and quality. In addition, PET bottles are lightweight and…

In the Philippines, aluminium/plastic pouches are commonly used for packaging pasta sauces due to their practicality and durability. They offer an effective barrier against light, moisture and oxygen, which helps preserve the freshness and flavour of…

Metals food cans remained the most popular choice for shelf stable seafood, ahead of glass jars and flexible plastic. Metal food cans have the benefit of preventing spillage and breakage during transportation and storage. As shelf stable seafood…

Frozen processed potatoes, the only frozen products with visible sales in the overall processed fruit and vegetables category, are packaged only in flexible plastic. This is because this pack type provides an airtight seal that protects the potatoes…