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Ready Meals in the Philippines

February 2021
USD 990
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Overview:

Understand the latest market trends and future growth opportunities for the Ready Meals 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.

If you're in the Ready Meals 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.

The Ready Meals in Philippines report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Ready Meals in Philippines?
  • Which are the leading brands in Ready Meals in Philippines?
  • How are products distributed in Ready Meals in Philippines?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Ready Meals?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in Philippines?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?

Ready Meals in the Philippines - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Growth increases as COVID-19 leads to a rise in home cooking, and shelf stable meals are stockpiled
Due to the outbreak of COVID-19, foodservice outlets offer meal kits to consumers
Retailers respond to the outbreak of COVID-19 by offering consumers a host of new ready meal options

RECOVERY AND OPPORTUNITIES

Following the outbreak of COVID-19, healthy food products will drive innovation
Foodservice players have the opportunity to enter the ready meals landscape
Players are set to launch new frozen ready meals across the forecast period, boosting growth in the overall landscape

CATEGORY DATA

Table 1 Sales of Ready Meals by Category: Volume 2015-2020 Table 2 Sales of Ready Meals by Category: Value 2015-2020 Table 3 Sales of Ready Meals by Category: % Volume Growth 2015-2020 Table 4 Sales of Ready Meals by Category: % Value Growth 2015-2020 Table 5 Sales of Frozen Ready Meals by Ethnicity: % Value 2015-2020 Table 6 NBO Company Shares of Ready Meals: % Value 2016-2020 Table 7 LBN Brand Shares of Ready Meals: % Value 2017-2020 Table 8 Distribution of Ready Meals by Format: % Value 2015-2020 Table 9 Forecast Sales of Ready Meals by Category: Volume 2020-2025 Table 10 Forecast Sales of Ready Meals by Category: Value 2020-2025 Table 11 Forecast Sales of Ready Meals by Category: % Volume Growth 2020-2025 Table 12 Forecast Sales of Ready Meals by Category: % Value Growth 2020-2025

Packaged Food in the Philippines - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on packaged food
COVID-19 country impact
Company response
Retailing shift
Foodservice vs retail split
What next for packaged food?

FOODSERVICE

Sales to Foodservice
Pork-related items already off menus heading into 2020 due to negative media reports surrounding African Swine Fever Unilever Food Solutions suffers significant drop in demand through foodservice by June 2020 Despite relaxing of lockdown measures reduced capacity and footfall heavily impacts foodservice, and therefore demand for packaged food through this channel
Consumer Foodservice
Consumer foodservice players forced to adapt to drastic declines in footfall during lockdown and beyond Meal kits prove popular option for at-home preparation during pandemic Concept of cloud kitchens likely to gain further momentum beyond pandemic due to shifting consumer demands
Category Data
Chart 1 Packaged Food Value Sales Growth Scenarios: 2018-2025 Chart 2 Packaged Food Impact of Drivers on Value Sales: 2017-2025 Table 13 Foodservice Sales of Packaged Food by Category: Volume 2015-2020 Table 14 Foodservice Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 15 Forecast Foodservice Sales of Packaged Food by Category: Volume 2020-2025 Table 16 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2020-2025

MARKET DATA

Table 17 Sales of Packaged Food by Category: Volume 2015-2020 Table 18 Sales of Packaged Food by Category: Value 2015-2020 Table 19 Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 20 Sales of Packaged Food by Category: % Value Growth 2015-2020 Table 21 GBO Company Shares of Packaged Food: % Value 2016-2020 Table 22 NBO Company Shares of Packaged Food: % Value 2016-2020 Table 23 LBN Brand Shares of Packaged Food: % Value 2017-2020 Table 24 Penetration of Private Label by Category: % Value 2015-2020 Table 25 Distribution of Packaged Food by Format: % Value 2015-2020 Table 26 Distribution of Packaged Food by Format and Category: % Value 2020 Table 27 Forecast Sales of Packaged Food by Category: Volume 2020-2025 Table 28 Forecast Sales of Packaged Food by Category: Value 2020-2025 Table 29 Forecast Sales of Packaged Food by Category: % Volume Growth 2020-2025 Table 30 Forecast Sales of Packaged Food by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

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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 report originates from Passport, our Ready Meals research and analysis database.

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