Philippines Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Philippines Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the meat substitute sector in the Philippines provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The Filipino meat substitutes sector was led by soy based category in value terms, and is also forecast to be the leading volume category. However, the vegetable/plant based proteins category is forecast to register fastest value and volume growth during 2021-2026. Hypermarkets & supermarkets is the leading channel for distribution in the meat substitutes products in the country. Amy`s Kitchen, Inc., Morinaga Milk Industry Co., Ltd., and Monde Nissin Corporation are the leading players in the Filipino meat substitutes sector.

Scope

• Per capita consumption of meat substitute was lower in the Philippines than in both the global and regional levels in 2021
• The per capita consumption of soy based meat substitute was higher than other meat substitute categories in the Philippines during 2021
• Hypermarkets & supermarkets is the leading distribution channel in the Philippines meat substitute sector
• Amy`s Kitchen, Inc., Morinaga Milk Industry Co., Ltd., and Monde Nissin Corporation are the top three companies in the Philippines meat substitutes sector

• Identify high potential categories and explore further market opportunities based on detailed value 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.