At the end of the review period, plant-based milk remained a very small category of drinking milk products in the Philippines. Indeed, soy drinks have long been very popular in the country, with other plant-based milk remains relatively unknown among much of the population.
With the COVID-19 pandemic having heightened consumer interest in health and wellness products that promise to boost immune system function, the forecast period is likely to see the leading players in dairy tapping into the rising consumer interest in plant-based alternatives to dairy-based products generally as well. For example, drinking yoghurt fortified with probiotics and various essential nutrients that are beneficial to the immune system are already becoming more popular, but all options currently available in this space are dairy-based.
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 Plant-based Dairy 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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This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)See All of Our Definitions
This report originates from Passport, our Plant-based Dairy research and analysis database.
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