Retail sales of yoghurt are expected to continue to expand in both volume and current value terms over the forecast period. In addition to a more positive economic outlook, sales will be boosted by an increase in domestic production by leading player Yakult Philippines, which should extend the availability of its brands into additional retailers, including traditional sari-sari stores, many of which have not yet been fully tapped by other players.
While fresh milk pales into insignificance compared to shelf stable milk, improvements in local production capacity may encourage players in fresh milk to be more aggressive in marketing and distributing yoghurt. One notable initiative has been Israel-based LR Group’s partnership with Metro Pacific Investments Corp (MPIC) to establish Metro Pacific Dairy Farms, a modern dairy facility in Bay, Laguna.
With oat milk and soy milk gaining momentum in the country, the forecast period could see further exploration in terms of plant-based yoghurt options, moving forward. This would be a positive development for consumers who are lactose intolerant, or who are simply following a dairy-free diet.
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Understand the latest market trends and future growth opportunities for the Yoghurt and Sour Milk Products industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of sour milk products and yoghurt. Note: Plant-based yoghurt and sour milk products should be excluded from this category and tracked under plant-based yoghurt.
See All of Our DefinitionsThis report originates from Passport, our Yoghurt and Sour Milk Products research and analysis database.
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