Cheese is expected to record positive growth in retail volume terms between 2023 and 2028, albeit at a slower rate than during the review period, as demand continues to mature, The product will remain a staple as a sandwich filling, as well as a key ingredient in many meals. In addition, with hybrid working arrangements here to stay and consumers making the necessary changes to maintain a more home-centred lifestyle, cheese players have the opportunity to benefit from consumers eating their breakfasts at home more often, as well as an increased interest in home baking.
Spreadable cheese and processed cheese are set to continue to dominate overall sales of cheese in the Philippines during the forecast period, with hard cheese likely to remain a peripheral product for the foreseeable future. The former two subcategories are also expected to see stronger growth than packaged hard cheese in retail volume terms, with the lower unit prices of spreadable and processed cheese expected to underpin rising consumer demand.
Manufacturers have an opportunity to promote the nutritional benefits of eating cheese during the forecast period, in keeping with a growing consumer interest in health and wellness, a trend that was facilitated by the COVID-19 pandemic. This could involve some types of cheese being positioned as “better for you” products.
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Understand the latest market trends and future growth opportunities for the Cheese 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 Cheese 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.
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.See All of Our Definitions
This report originates from Passport, our Cheese research and analysis database.
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