Processed meat, seafood and alternatives to meat is expected to record a slower volume CAGR over the forecast period versus the review period. It should be noted, however, that the review period includes the year 2020 wherein the category recorded an extraordinarily high growth due to the shift to a homebound lifestyle.
Tofu and derivatives, on the other hand, is expected to remain sluggish. This is because players in this niche category are not active in product innovation and, as such, most options are simply plain chilled tofu.
Currently, options for meat substitutes are mostly in frozen formats. Over the forecast period, it is possible that a shelf stable format be made available locally, as Century Pacific Food Inc has already introduced unMEAT Luncheon Meat (shelf stable meat-free luncheon meat) in foreign territories.
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Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat 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 Processed Meat, Seafood and Alternatives to Meat 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.
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.See All of Our Definitions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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