Other dairy is expected to continue recording relatively strong sales growth during the forecast period, with the increased demand for condensed milk due to the increased interest in home cooking and home baking set to be central to this trend. Despite the category’s maturity, sales are expected to continue rising at far higher rates than what was being seen prior to the onset of the COVID-19 pandemic, with consumers expected to remain reluctant to dine and socialise outside of the home until at least the end of 2022.
Flavoured condensed milk is currently a negligible category in the Philippines and range of options available in the category in terms of brands and products is still limited. However, with demand for commencement generally set to continue rising, less well-known brands are likely to emerge strongly, driving sales via their stronger presence on the shelves of grocery retailers.
There is strong potential for condensed milk to experience strong development during the forecast period via the introduction of plant-based alternatives to traditional dairy-based condensed milk. Although such plant-based alternatives are not currently available via major grocery retailers, the spreading appreciation of plant-based alternatives among the Philippine population makes it increasingly likely that the leading players in condensed milk will look to non-dairy alternatives to expand their customer bases and offer something different which can attract the attention of affluent, health-conscious urban-dwellers in particular.
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Understand the latest market trends and future growth opportunities for the Other Dairy 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.
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This is the aggregation of chilled and shelf stable desserts, chilled snacks, coffee whiteners, condensed/evaporated milk, cream, and fromage frais and quark.See All of Our Definitions
This report originates from Passport, our Other Dairy research and analysis database.
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