Executive Summary

Nov 2019
PROSPECTS
Sales of all edible oils except pricier olive oil improve in 2019

Edible oils saw a slight improvement in volume and value growth in 2019 versus 2018. Although there is sustained eating out, there is also a growing interest in cooking, especially since culinary schools or culinary courses are becoming popular in the country and are growing in number.

Coconut oil prices decrease to the extent that local farmers consider refusing to sell their products to mills and domestic traders

Other edible oils in the Philippines mostly comprises coconut oil. Prices of copra (raw material for coconut oil production) have been decreasing since 2018.

The Philippines enters agreement with Indonesia and Malaysia in effort to reduce dumping and smuggling of palm oil, which can harm the local industry

Exports of palm oil from neighbouring countries in Southeast Asia to the Philippines have surged in recent years. Indeed, the volume of palm oil imports increased by more than 100% (176.

COMPETITIVE LANDSCAPE
San Pablo maintains its lead on the strength of its popular Minola coconut oil

In 2019, San Pablo Mfg Corp maintained its lead within edible oils. It derives its share mainly from vegetable and seed oil with its brand, Minola, which is best known for coconut oil.

Supply issues cause Pietro Coricelli olive oil’s share to decline, and it leaves the local market

In 2018, the value share of the second-ranked player within olive oil, Pietro Coricelli, declined by double digits due to supply issues with its brand of the same name. For this reason, the company’s position in olive oil dropped second to fourth, and the brand has not been available in the Philippines since mid-2018.

San Pablo enters the olive oil arena with distribution of the Spanish Olivari brand

San Pablo Mfg Corp entered olive oil in 2019, as it is now distributing the Spanish brand, Olivari, which is owned by Sovena. Olivari is available in extra virgin olive oil, pure olive oil and pomace.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Edible Oils 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 Edible Oils industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Edible Oils 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 Edible Oils in Philippines?
  • What are the major brands in Philippines?
  • Are consumers in emerging markets moving from unpackaged to packaged oils and fats?
  • What are the sales prospects for “healthy” cooking oils?
  • Will retail sales suffer as economic prospects improve and consumers move back to eating out rather than cooking at home?
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
This industry report originates from Passport, our

Packaged Food market research database.

Edible Oils in the Philippines - Category analysis

HEADLINES

PROSPECTS

Sales of all edible oils except pricier olive oil improve in 2019
Coconut oil prices decrease to the extent that local farmers consider refusing to sell their products to mills and domestic traders
The Philippines enters agreement with Indonesia and Malaysia in effort to reduce dumping and smuggling of palm oil, which can harm the local industry

COMPETITIVE LANDSCAPE

San Pablo maintains its lead on the strength of its popular Minola coconut oil
Supply issues cause Pietro Coricelli olive oil’s share to decline, and it leaves the local market
San Pablo enters the olive oil arena with distribution of the Spanish Olivari brand

CATEGORY DATA

Table 1 Sales of Edible Oils by Category: Volume 2014-2019
Table 2 Sales of Edible Oils by Category: Value 2014-2019
Table 3 Sales of Edible Oils by Category: % Volume Growth 2014-2019
Table 4 Sales of Edible Oils by Category: % Value Growth 2014-2019
Table 5 NBO Company Shares of Edible Oils: % Value 2015-2019
Table 6 LBN Brand Shares of Edible Oils: % Value 2016-2019
Table 7 Distribution of Edible Oils by Format: % Value 2014-2019
Table 8 Forecast Sales of Edible Oils by Category: Volume 2019-2024
Table 9 Forecast Sales of Edible Oils by Category: Value 2019-2024
Table 10 Forecast Sales of Edible Oils by Category: % Volume Growth 2019-2024
Table 11 Forecast Sales of Edible Oils by Category: % Value Growth 2019-2024

Packaged Food in the Philippines - Industry Overview

EXECUTIVE SUMMARY

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

FOODSERVICE

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
Consumer Foodservice
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
Category Data
Table 12 Foodservice Sales of Packaged Food by Category: Volume 2014-2019
Table 13 Foodservice Sales of Packaged Food by Category: % Volume Growth 2014-2019
Table 14 Forecast Foodservice Sales of Packaged Food by Category: Volume 2019-2024
Table 15 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2019-2024

MARKET DATA

Table 16 Sales of Packaged Food by Category: Volume 2014-2019
Table 17 Sales of Packaged Food by Category: Value 2014-2019
Table 18 Sales of Packaged Food by Category: % Volume Growth 2014-2019
Table 19 Sales of Packaged Food by Category: % Value Growth 2014-2019
Table 20 GBO Company Shares of Packaged Food: % Value 2015-2019
Table 21 NBO Company Shares of Packaged Food: % Value 2015-2019
Table 22 LBN Brand Shares of Packaged Food: % Value 2016-2019
Table 23 Penetration of Private Label by Category: % Value 2014-2019
Table 24 Distribution of Packaged Food by Format: % Value 2014-2019
Table 25 Distribution of Packaged Food by Format and Category: % Value 2019
Table 26 Forecast Sales of Packaged Food by Category: Volume 2019-2024
Table 27 Forecast Sales of Packaged Food by Category: Value 2019-2024
Table 28 Forecast Sales of Packaged Food by Category: % Volume Growth 2019-2024
Table 29 Forecast Sales of Packaged Food by Category: % Value Growth 2019-2024

SOURCES

Summary 1 Research Sources