Dairy Products and Alternatives in the Philippines

September 2023
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Overview:

Understand the latest market trends and future growth opportunities for the Dairy Products and Alternatives 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 Dairy Products and Alternatives 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.

The Dairy Products and Alternatives in Philippines report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Dairy Products and Alternatives in Philippines?
  • Which are the leading brands in Dairy Products and Alternatives in Philippines?
  • How are products distributed in Dairy Products and Alternatives in Philippines?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Dairy Products and Alternatives?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in Philippines?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
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Dairy Products and Alternatives in the Philippines

Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive landscape
Channel developments
What next for dairy products and alternatives?
Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
Table 5 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
Table 6 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
Table 7 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028

DISCLAIMER

Summary 1 Research Sources

Baby Food in the Philippines

KEY DATA FINDINGS

Sluggish performance amid decline in national birth rate
Convenient lifestyles fuel growth in prepared baby food
Abbott promotes taps into school achievement with new product launch
Prospects remain positive despite falling birth rate
Innovation will continue as key differentiator
Other baby food may propel growth over the forecast period
Table 8 Sales of Baby Food by Category: Volume 2018-2023
Table 9 Sales of Baby Food by Category: Value 2018-2023
Table 10 Sales of Baby Food by Category: % Volume Growth 2018-2023
Table 11 Sales of Baby Food by Category: % Value Growth 2018-2023
Table 12 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023
Table 13 NBO Company Shares of Baby Food: % Value 2019-2023
Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023
Table 15 Distribution of Baby Food by Format: % Value 2018-2023
Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028
Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028
Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028
Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028

Butter and Spreads in the Philippines

KEY DATA FINDINGS

Continuation of home cooking trend supports growth of butter and spreads
Magnolia goes from strength to strength
Dairy-free alternatives to butter remain limited in scope
Positive prospects for butter and spreads, in line with improving economic conditions
Consolidation of the category will continue, although manufacturers of plant-based alternatives could find their niche
Legislative ban on trans fats expected to give rise to development of healthier products
Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023
Table 21 Sales of Butter and Spreads by Category: Value 2018-2023
Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023
Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023
Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028

Cheese in the Philippines

KEY DATA FINDINGS

Buoyant growth for economically-priced cheeses in 2023
Foodservice benefits from improving economic conditions
Mondelez dominates sales
Positive performance expected
Processed cheese set to continue to dominate sales
Health and wellness trends could lead to greater differentiation
Table 31 Sales of Cheese by Category: Volume 2018-2023
Table 32 Sales of Cheese by Category: Value 2018-2023
Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023
Table 34 Sales of Cheese by Category: % Value Growth 2018-2023
Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
Table 36 Sales of Hard Cheese by Type: % Value 2018-2023
Table 37 NBO Company Shares of Cheese: % Value 2019-2023
Table 38 LBN Brand Shares of Cheese: % Value 2020-2023
Table 39 Distribution of Cheese by Format: % Value 2018-2023
Table 40 Forecast Sales of Cheese by Category: Volume 2023-2028
Table 41 Forecast Sales of Cheese by Category: Value 2023-2028
Table 42 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
Table 43 Forecast Sales of Cheese by Category: % Value Growth 2023-2028

Drinking Milk Products in the Philippines

KEY DATA FINDINGS

Drinking milk products thrive in 2023
Flavoured milk benefits from return of children to school routines
Fresh milk grows, albeit from a low base
Drinking milk products will continue to thrive
Foodservice will make a full recovery
Fresh milk offers potential for growth
Table 44 Sales of Drinking Milk Products by Category: Volume 2018-2023
Table 45 Sales of Drinking Milk Products by Category: Value 2018-2023
Table 46 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023
Table 47 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023
Table 48 NBO Company Shares of Drinking Milk Products: % Value 2019-2023
Table 49 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023
Table 50 Distribution of Drinking Milk Products by Format: % Value 2018-2023
Table 51 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028
Table 52 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028
Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028
Table 54 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028

Yoghurt and Sour Milk Products in the Philippines

KEY DATA FINDINGS

Drinking yoghurt continues to expand in 2023
Yakult hopes to boost sales through further investments in local production
Plant-based offerings fail to gain traction, with new launches continuing to focus on functional attributes
Robust growth expected, with drinking yoghurt leading the wat
Fresh milk producers look to expand retail sales
Innovation in plant-based dairy could drive growth
Table 55 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
Table 56 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
Table 58 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
Table 59 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
Table 60 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
Table 61 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028

Other Dairy in the Philippines

KEY DATA FINDINGS

Continued home cooking trend boosts demand for other dairy products
Robust growth in foodservice
Alaska Milk Corp maintains its leading position
Home cooking will be key factor in sustaining growth but some product areas will remain underdeveloped
Continued recovery for foodservice
Plant-based alternatives pose threat to dairy-based condensed milk and coffee whiteners
Table 66 Sales of Other Dairy by Category: Volume 2018-2023
Table 67 Sales of Other Dairy by Category: Value 2018-2023
Table 68 Sales of Other Dairy by Category: % Volume Growth 2018-2023
Table 69 Sales of Other Dairy by Category: % Value Growth 2018-2023
Table 70 Sales of Cream by Type: % Value 2018-2023
Table 71 NBO Company Shares of Other Dairy: % Value 2019-2023
Table 72 LBN Brand Shares of Other Dairy: % Value 2020-2023
Table 73 Distribution of Other Dairy by Format: % Value 2018-2023
Table 74 Forecast Sales of Other Dairy by Category: Volume 2023-2028
Table 75 Forecast Sales of Other Dairy by Category: Value 2023-2028
Table 76 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028
Table 77 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028

Plant-Based Dairy in the Philippines

KEY DATA FINDINGS

Slow recovery for soy drinks
New product offerings fuel growth in other plant-based milk
Non-dairy alternatives to cheese begin to emerge
Health and wellness concerns will drive demand, with dairy-free drinking yoghurt likely to gain traction
Soy drink makers may shift towards other plant-based milk
Indulgent flavours may grow in prominence
Table 78 Sales of Plant-Based Dairy by Category: Value 2018-2023
Table 79 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
Table 80 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
Table 81 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
Table 82 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
Table 83 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
Table 84 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
The following categories and subcategories are included:

Dairy Products and Alternatives

    • Dried Baby Food
    • Prepared Baby Food
    • Other Baby Food
        • Liquid Standard Milk Formula
        • Powder Standard Milk Formula
        • Liquid Follow-on Milk Formula
        • Powder Follow-on Milk Formula
        • Liquid Growing-Up Milk Formula
        • Powder Growing-Up Milk Formula
        • Liquid Special Baby Milk Formula
        • Powder Special Baby Milk Formula
      • Butter
      • Cooking Fats
      • Margarine and Spreads
      • Spreadable Cheese
      • Processed Cheese excl Spreadable
        • Packaged Hard Cheese
        • Unpackaged Hard Cheese
      • Soft Cheese
        • Dairy Only Flavoured Milk Drinks
        • Flavoured Milk Drinks with Fruit Juice
            • Fat-free Fresh Milk
            • Semi Skimmed Fresh Milk
            • Full Fat Fresh Milk
            • Fat-free Shelf Stable Milk
            • Semi Skimmed Shelf Stable Milk
            • Full Fat Shelf Stable Milk
        • Goat Milk
      • Powder Milk
      • Sour Milk Products
        • Drinking Yoghurt
        • Flavoured Yoghurt
        • Plain Yoghurt
        • Chilled Dairy Desserts
        • Shelf Stable Dairy Desserts
      • Chilled Snacks
      • Coffee Whiteners
          • Flavoured Condensed Milk
          • Plain Condensed Milk
        • Evaporated Milk
      • Cream
        • Flavoured Fromage Frais and Quark
        • Plain Fromage Frais and Quark
        • Savoury Fromage Frais and Quark
      • Soy Drinks
      • Other Plant-based Milk
    • Plant-based Yoghurt
    • Plant-based Cheese
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This report originates from Passport, our Dairy Products and Alternatives research and analysis database.

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