Philippines Meat - Market Assessment and Forecasts to 2028

Philippines Meat - Market Assessment and Forecasts to 2028

Summary

The Filipino meat sector is expected to reach PHP523.3 billion ($9.4 billion) in 2028, growing at a CAGR of 2.8% during 2023-2028. In volume terms, the sector is expected to grow and reach 1,557 million kg in 2028, growing at a CAGR of 0.1% during 2023-2028. Fresh meat (counter) was the largest category in value and volume terms, while the cooked meats - counter category is forecast to register the fastest value growth during 2023-28. Food & drinks specialists was the largest distribution channel in the Filipino meat sector. San Miguel Corporation, Jaro Development Corporation, and Cdo Foodsphere, Inc. are the top three companies in the country.

Scope

• Per capita meat expenditure in the UAE was lower than regional and global levels in 2023.
• The per capita consumption of fresh meat (counter) was higher in the UAE compared to other meat categories in 2023
• Food & drinks specialists was the leading distribution channel in the Filipino meat sector, with a value share of 58.2% in 2023
• San Miguel Corporation accounted for a value share of 21.5% in the Filipino meat sector, in 2023

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.