The Philippines Dairy Products and Alternatives

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,275	73 Pages	Euromonitor International	August, 2024	EP19136470

Best Price Guarantee
Price	from $2,275
Length	73 Pages
Publisher	Euromonitor International
Published Date	August, 2024
SKU	EP19136470

Dairy Products and Alternatives in the Philippines

Despite prolonged inflationary pressures in 2024, dairy products and alternatives is set to continue to register moderate retail current value and volume growth in the Philippines. Incumbent players have remained resilient in 2024, with their continued distribution expansion in modern and general trade channels, complementing the retail expansion of giants such as SM Retail Inc and Robinsons Retail Holdings Inc. The buoyancy of consumer foodservice in the Philippines also benefited volume demand...

Euromonitor International's Dairy Products and Alternatives in Philippines report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Baby Food, Dairy, Plant-based Dairy.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Dairy Products and Alternatives market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Dairy Products and Alternatives in the Philippines
Euromonitor International
August 2024
List Of Contents And Tables
DAIRY PRODUCTS AND ALTERNATIVES IN THE PHILIPPINES
EXECUTIVE SUMMARY
Dairy products and alternatives in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA: Table 1 Sales of Dairy Products and Alternatives by Category: Value 2019-2024; Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024; Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024; Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024; Table 5 Penetration of Private Label by Category: % Value 2019-2024; Table 6 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024; Table 7 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029; Table 8 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES: Summary 1 Research Sources
BABY FOOD IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Baby food registers moderate growth in 2024 despite headwinds
Retail e-commerce maintains momentum in 2024, despite its continued niche status in baby food
Players innovate in milk formula to drive further differentiation from competitors
PROSPECTS AND OPPORTUNITIES
Growing-up milk formula expected to see greater dynamism over the forecast period
Innovation will be more prominent in new product development
Plant-based baby food remains a niche in the Philippines
CATEGORY DATA: Table 9 Sales of Baby Food by Category: Volume 2019-2024; Table 10 Sales of Baby Food by Category: Value 2019-2024; Table 11 Sales of Baby Food by Category: % Volume Growth 2019-2024; Table 12 Sales of Baby Food by Category: % Value Growth 2019-2024; Table 13 Sales of Growing-Up Milk Formula by Age: % Value 2019-2024; Table 14 NBO Company Shares of Baby Food: % Value 2020-2024; Table 15 LBN Brand Shares of Baby Food: % Value 2021-2024; Table 16 Distribution of Baby Food by Format: % Value 2019-2024; Table 17 Forecast Sales of Baby Food by Category: Volume 2024-2029; Table 18 Forecast Sales of Baby Food by Category: Value 2024-2029; Table 19 Forecast Sales of Baby Food by Category: % Volume Growth 2024-2029; Table 20 Forecast Sales of Baby Food by Category: % Value Growth 2024-2029
BUTTER AND SPREADS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Moderate retail value growth for butter and spreads in 2024, despite a minor fall in retail volume sales
Players seek to secure foodservice partnerships, as foodservice volume sales of butter and spreads experience significant growth
Brands leverage social media platforms to drive aggressive marketing efforts targeted towards younger consumers
PROSPECTS AND OPPORTUNITIES
Butter and spreads set to exhibit moderate retail volume and value growth over the forecast period.
Smaller pack sizes will proliferate
Healthy indulgence and premium products expected to grow, driven by government ban and wellness trends
CATEGORY DATA: Table 21 Sales of Butter and Spreads by Category: Volume 2019-2024; Table 22 Sales of Butter and Spreads by Category: Value 2019-2024; Table 23 Sales of Butter and Spreads by Category: % Volume Growth 2019-2024; Table 24 Sales of Butter and Spreads by Category: % Value Growth 2019-2024; Table 25 NBO Company Shares of Butter and Spreads: % Value 2020-2024; Table 26 LBN Brand Shares of Butter and Spreads: % Value 2021-2024; Table 27 Distribution of Butter and Spreads by Format: % Value 2019-2024; Table 28 Forecast Sales of Butter and Spreads by Category: Volume 2024-2029; Table 29 Forecast Sales of Butter and Spreads by Category: Value 2024-2029; Table 30 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2024-2029; Table 31 Forecast Sales of Butter and Spreads by Category: % Value Growth 2024-2029
CHEESE IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Consumption of cheese remains resilient in 2024
Mondelez Philippines continues to lead cheese
Packaged hard cheese fails to see retail volume growth in 2024, as consumers scale back their spending
PROSPECTS AND OPPORTUNITIES
Stable growth anticipated for cheese over the forecast period, buoyed by familiarity of processed cheese
Retail e-commerce expected to grow in prominence
Wider product variety anticipated in packaged hard cheese
CATEGORY DATA: Table 32 Sales of Cheese by Category: Volume 2019-2024; Table 33 Sales of Cheese by Category: Value 2019-2024; Table 34 Sales of Cheese by Category: % Volume Growth 2019-2024; Table 35 Sales of Cheese by Category: % Value Growth 2019-2024; Table 36 Sales of Spreadable Cheese by Type: % Value 2019-2024; Table 37 Sales of Soft Cheese by Type: % Value 2019-2024; Table 38 Sales of Hard Cheese by Type: % Value 2019-2024; Table 39 NBO Company Shares of Cheese: % Value 2020-2024; Table 40 LBN Brand Shares of Cheese: % Value 2021-2024; Table 41 Distribution of Cheese by Format: % Value 2019-2024; Table 42 Forecast Sales of Cheese by Category: Volume 2024-2029; Table 43 Forecast Sales of Cheese by Category: Value 2024-2029; Table 44 Forecast Sales of Cheese by Category: % Volume Growth 2024-2029; Table 45 Forecast Sales of Cheese by Category: % Value Growth 2024-2029
DRINKING MILK PRODUCTS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Drinking milk products sees positive retail volume and value growth, despite headwinds from cost-of-living challenges
Despite overwhelming popularity of shelf stable milk in foodservice, fresh milk sees considerable volume growth in 2024
Single-serve packs of drinking milk products see greater availability
PROSPECTS AND OPPORTUNITIES
Powder milk expected to maintain stable growth over the forecast period, despite price hikes in 2024
Potential for fresh milk to progress through foodservice, despite niche status
Premium products expected to remain niche, given the global economic environment
CATEGORY DATA: Table 46 Sales of Drinking Milk Products by Category: Volume 2019-2024; Table 47 Sales of Drinking Milk Products by Category: Value 2019-2024; Table 48 Sales of Drinking Milk Products by Category: % Volume Growth 2019-2024; Table 49 Sales of Drinking Milk Products by Category: % Value Growth 2019-2024; Table 50 NBO Company Shares of Drinking Milk Products: % Value 2020-2024; Table 51 LBN Brand Shares of Drinking Milk Products: % Value 2021-2024; Table 52 Distribution of Drinking Milk Products by Format: % Value 2019-2024; Table 53 Forecast Sales of Drinking Milk Products by Category: Volume 2024-2029; Table 54 Forecast Sales of Drinking Milk Products by Category: Value 2024-2029; Table 55 Forecast Sales of Drinking Milk Products by Category: % Volume Growth 2024-2029; Table 56 Forecast Sales of Drinking Milk Products by Category: % Value Growth 2024-2029
YOGHURT AND SOUR MILK PRODUCTS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Yoghurt registers robust retail volume and current value growth in 2024, driven by drinking yoghurt
Growing competition within drinking yoghurt, as new brands enter over the review period
Despite stagnating retail volume growth of spoonable yoghurt in 2024, fresh yoghurt sold by foodservice outlets may increase awareness of related products
PROSPECTS AND OPPORTUNITIES
Positive prospects anticipated for all yoghurt categories over the forecast period
Players may turn to fortification or reduction of negative nutrients to differentiate their products from those of competitors
While modern grocery retail will remain the key distribution channel for yoghurt, retail e-commerce is expected to gradually grow in prominence
CATEGORY DATA: Table 57 Sales of Yoghurt and Sour Milk Products by Category: Volume 2019-2024; Table 58 Sales of Yoghurt and Sour Milk Products by Category: Value 2019-2024; Table 59 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2019-2024; Table 60 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2019-2024; Table 61 Sales of Flavoured Yoghurt by Flavour: Rankings 2019-2024; Table 62 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2020-2024; Table 63 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2021-2024; Table 64 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2019-2024; Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2024-2029; Table 66 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2024-2029; Table 67 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2024-2029; Table 68 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2024-2029
OTHER DAIRY IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Other dairy registers moderate growth amidst challenges
Alaska Milk Corp retains leadership of other dairy in 2024, and continues to consolidate its share
Consumer foodservice channels continue to support the expansion of other dairy
PROSPECTS AND OPPORTUNITIES
Other dairy expected to face headwinds in the medium term; nonetheless, continued moderate growth expected over the forecast period
Product variety within condensed and evaporated milk likely to become more evident as players seek to recapture interest in a mature category
Retail e-commerce set to gain greater significance
CATEGORY DATA: Table 69 Sales of Other Dairy by Category: Volume 2019-2024; Table 70 Sales of Other Dairy by Category: Value 2019-2024; Table 71 Sales of Other Dairy by Category: % Volume Growth 2019-2024; Table 72 Sales of Other Dairy by Category: % Value Growth 2019-2024; Table 73 Sales of Cream by Type: % Value 2019-2024; Table 74 NBO Company Shares of Other Dairy: % Value 2020-2024; Table 75 LBN Brand Shares of Other Dairy: % Value 2021-2024; Table 76 Distribution of Other Dairy by Format: % Value 2019-2024; Table 77 Forecast Sales of Other Dairy by Category: Volume 2024-2029; Table 78 Forecast Sales of Other Dairy by Category: Value 2024-2029; Table 79 Forecast Sales of Other Dairy by Category: % Volume Growth 2024-2029; Table 80 Forecast Sales of Other Dairy by Category: % Value Growth 2024-2029
PLANT-BASED DAIRY IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Plant-based dairy records limited retail volume growth in 2024 despite consumer interest, as locals face challenges from cost-of-living pressures
Single-serve other-plant based milk gains momentum
Foodservice consumption expected to raise the profile of other plant-based milk
PROSPECTS AND OPPORTUNITIES
Robust growth anticipated for plant-based milk in the forecast period
Other plant-based dairy expected to see intensified competition
Limited potential expected for plant-based cheese and plant-based yoghurt
CATEGORY DATA: Table 81 Sales of Plant-Based Dairy by Category: Value 2019-2024; Table 82 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024; Table 83 Sales of Other Plant-Based Milk by Type: % Value 2021-2024; Table 84 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024; Table 85 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024; Table 86 Distribution of Plant-Based Dairy by Format: % Value 2019-2024; Table 87 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029; Table 88 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029