The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Drinking milk products recorded slightly stronger current value growth in 2019 compared to the previous year. Soy drinks was among the categories which contributed to this dynamism, driven by the favourable performance of both Vitasoy and Vitamilk which both saw double-digit current value growth in 2019.
Philippines invests in development of local dairy industry
The Department of Agriculture is looking to improve the country’s local milk production which is insufficient to meet local demand. Bohol is being eyed to be the country’s dairy capital with the establishment of the Ubay Dairy Farm.
New flavours at the forefront of new product development
Drinking milk products saw a range of new product launches in 2018/2019. These included Bi Frutas from Calidad Pascual SA which claims to be the first milk and fruit juice drink in the country, with it being distributed locally by Asia Brewery Inc.
Nestlé continues to make strong investments as it retains a healthy lead
Nestlé retained a strong lead in drinking milk products in 2019 with it accounting for almost half of all value sales. The company benefits from offering a wide portfolio of products, although its key strength lies in powder milk with its Bear Brand and Nido lines.
Vitasoy establishes local manufacturing facility as it continues to gain ground
AB Nutribev retained its dominance in soy drinks in 2019 thanks to the popularity of its Vitamilk brand, but while the company’s value share saw little change towards the end of the review period Vitasoy saw significant gains. Over the forecast period, it has even better prospects with it investing in the creation of a local manufacturing facility.
New players eye the Philippines as a market with strong potential
Given the recent success of players such as Vitasoy, other players within drinking milk products have indicated they plan to invest in establishing a presence in the Philippines. For example, Keytone Dairy is looking to expand into developing countries, including the Philippines, with it expanding its manufacturing facility in New Zealand to support its plans to increase its export activities.
Files are delivered directly into your account within a few minutes of purchase.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Discover the latest market trends and uncover sources of future market growth for the Drinking milk products industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Drinking milk products industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Drinking milk products in Philippines market research report includes:
Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
What is the market size of Drinking milk products in Philippines?
What are the major brands in Philippines?
How are volatile farmgate prices for milk impacting retail prices and sales performance?
What are the market opportunities for ethically sourced dairy items?
Given mounting obesity concerns, are consumers moving from full-fat to reduced fat/fat-free offerings?
Why buy this report?
Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions
Packaged Food in the Philippines - Industry Overview
Increased spending power supports faster value growth of packaged food in 2019
Along with other packaged food developments, a plethora of new products are introduced to meet demand for convenient, healthy, interesting and indulgent food
While Universal Robina maintains its overall lead, the competitive landscape sees significant expansion and other new developments in 2018-2019
Distribution developments include new players, acquisitions and some drop-outs, while modern grocery retailers continue to dominate sales
Ongoing demand for healthier, convenient and indulgent food will ensure continued growth for packaged food in the Philippines
Sales to Foodservice
Beyond Meat’s plant-based meat substitutes, currently sold by bulk/wholesale only, are gaining traction in restaurants seeking to capitalise on demand for healthy and environmentally friendly products Arla Pro, a dairy foodservice concept created for professionals, is launched at a major event featuring renowned chefs from throughout Southeast Asia demonstrating the use and versatility of Arla products Sysu International hosts Taste Setters workshop to generate interest among foodservice players and food manufacturers in spicy up their menus and products with Tabasco dry mixes
Despite inflationary environment and related uncertainties, consumers with higher disposable incomes still choose to dine out, as some but not all foodservice operators choose not to raise their prices Convenience stores limited-services restaurants are performing well, drive by ongoing rollouts of new concept stores, widening selection of ready meals, snacks and other food and increased dining space Use of food delivery mobile apps continues to drive rapid growth of home delivery
Table 1 Foodservice Sales of Packaged Food by Category: Volume 2014-2019 Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2014-2019 Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2019-2024 Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2019-2024
Table 5 Sales of Packaged Food by Category: Volume 2014-2019 Table 6 Sales of Packaged Food by Category: Value 2014-2019 Table 7 Sales of Packaged Food by Category: % Volume Growth 2014-2019 Table 8 Sales of Packaged Food by Category: % Value Growth 2014-2019 Table 9 GBO Company Shares of Packaged Food: % Value 2015-2019 Table 10 NBO Company Shares of Packaged Food: % Value 2015-2019 Table 11 LBN Brand Shares of Packaged Food: % Value 2016-2019 Table 12 Penetration of Private Label by Category: % Value 2014-2019 Table 13 Distribution of Packaged Food by Format: % Value 2014-2019 Table 14 Distribution of Packaged Food by Format and Category: % Value 2019 Table 15 Forecast Sales of Packaged Food by Category: Volume 2019-2024 Table 16 Forecast Sales of Packaged Food by Category: Value 2019-2024 Table 17 Forecast Sales of Packaged Food by Category: % Volume Growth 2019-2024 Table 18 Forecast Sales of Packaged Food by Category: % Value Growth 2019-2024
Summary 1 Research Sources
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.