Rice, pasta and noodles 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 there was a spike in category performance due to the event of the COVID-19 pandemic, which caused a drastic shift in consumer lifestyles.
Monde Nissin Corp is expected to innovate with more healthy instant noodles over the forecast period. Manufacturing an instant noodle with lower palm oil content is among its plans, which it has already made known.
Potentially threatening the performance of rice over the forecast period are rice substitutes, as aforementioned, such as Adlai (Job’s tears). Local brand, Oh Crop!, for instance, which used to be sold only online, started to enter high-end grocery retailers such as The Marketplace towards the end of 2021.
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Understand the latest market trends and future growth opportunities for the Rice, Pasta and Noodles 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 Rice, Pasta and Noodles 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.
Rice, Pasta and Noodles
This is the aggregation of rice, noodles and pasta. Includes: Pre-packaged noodles. Excludes: Any noodles, pasta or rice bought loose, bulk and/or unpackaged. Excludes: Any noodle-based ready meals, which would be tracked under ready meals.See All of Our Definitions
This report originates from Passport, our Rice, Pasta and Noodles research and analysis database.
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