Over the forecast period, ice cream is expected to recover and record a positive volume CAGR and positive value CAGR. The growing number of brand options and sustained innovation in flavour and product formulation will assist its continued recovery.
Plant-based ice cream is expected to record the strongest growth in ice cream in both volume and value terms over the forecast period. This is partly attributable to its low base, which gives it sufficient room for expansion.
Frozen yoghurt is expected to record the slowest volume CAGR in the ice cream category over the forecast period. Although, like plant-based ice cream, it is seen as a healthy option compared to regular ice cream, companies do not seem to show much interest in venturing into the category.
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Understand the latest market trends and future growth opportunities for the Ice Cream 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 Ice Cream 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.
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in the project Staples. Includes: Non-dairy ice creams (for example, soy or rice-based products, as well as any other dairy-alternative ice creams), should be tracked alongside dairy ice cream in the relevant product subcategory. Rice and soy can be used as dairy substitutes in the manufacture of ice cream, but the product is still equivalent in terms of positioning/marketing and consumer target to standard dairy ice cream.See All of Our Definitions
This report originates from Passport, our Ice Cream research and analysis database.
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