Drinking milk products will continue to record a positive performance over the forecast period, thanks to its status as a nutritious, economical beverage. Not only is it a valuable source of protein, but it is also regarded as an excellent source of vitamins and minerals, particularly calcium.
With an expected rise in consumer mobility over the forecast period, there is a likelihood of more individuals choosing to spend their money in foodservice. Indeed, volume sales of drinking milk products via foodservice are set to grow faster than retail volumes, although the former are not expected to return to pre-pandemic levels until 2026.
Despite the clear dominance of shelf stable milk, fresh milk will continue to gain further support into 2024 and beyond. Demand is likely to boosted by improvements in local production capacity, as the government seeks to reduce the country’s reliance on imports.
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Understand the latest market trends and future growth opportunities for the Drinking 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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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Drinking Milk Products
This is the aggregation of flavoured milk drinks, milk and powder milk. Note: Plant-based drinking milk products should be excluded from this category and tracked under plant-based milk. Except for plant-based powder milk that should be tracked within the core dairy category of powder milk.See All of Our Definitions
This report originates from Passport, our Drinking Milk Products research and analysis database.
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