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Yoghurt and Sour Milk Products in the Philippines

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    Report

  • 17 Pages
  • September 2023
  • Region: Philippines
  • Euromonitor International
  • ID: 2523490
Yoghurt and sour milk products continued to record robust growth in retail volume terms in 2023. Sales are almost entirely made up of drinking yoghurt, and Yakult in particular, which benefits from local production. During the pandemic, the brand benefitted from the desire of consumers to improve their immunity, for which the probiotics contained within Yakult are known to be beneficial.

The Yoghurt and Sour Milk Products 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 2018-2022, 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 2023 directly informs the forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Sour Milk Products, Yoghurt.

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

Why buy this report?

  • Get a detailed picture of the Yoghurt and Sour Milk Products 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
The analyst has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, The analyst has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

KEY DATA FINDINGS
2023 DEVELOPMENTS
  • Drinking yoghurt continues to expand in 2023
  • Yakult hopes to boost sales through further investments in local production
  • Plant-based offerings fail to gain traction, with new launches continuing to focus on functional attributes
PROSPECTS AND OPPORTUNITIES
  • Robust growth expected, with drinking yoghurt leading the wat
  • Fresh milk producers look to expand retail sales
  • Innovation in plant-based dairy could drive growth
CATEGORY DATA
  • Table 1 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
  • Table 2 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
  • Table 3 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
  • Table 6 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
  • Table 7 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
  • Table 8 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
  • Table 9 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
  • Table 10 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
  • Table 11 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
DAIRY PRODUCTS AND ALTERNATIVES IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Dairy products and alternatives in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for dairy products and alternatives?
MARKET DATA
  • Table 12 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
  • Table 13 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
  • Table 14 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
  • Table 15 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
  • Table 16 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
  • Table 17 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
  • Table 18 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources