Processed Meat, Seafood and Alternatives To Meat in the Philippines

Sales in processed meat, seafood and alternatives to meat are normalising in 2022, following the boost seen in sales during the time of the COVID-19 pandemic. As seen across various food categories, a return to out-of-home lifestyles has resulted in fewer snacking occasions at home and thus is placing a degree of downwards pressure on sales - in contrast to the era of pandemic lockdowns, when we saw a boost to home-cooking and home-baking trends.

The Processed Meat, Seafood and Alternatives to Meat 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 2017-2021, 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 2026, clearly indicating how the market is expected to change.

Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.

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

Why buy this report?

Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat 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.

PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

Sales normalise with the reopening of foodservice, while ongoing price hikes create some challenges
Meat substitutes remain negligible but subcategory shows great scope for growth, with a number of new launches
Century Pacific Food continues its investments and acquisitions to consolidate its leadership of shelf stable seafood

PROSPECTS AND OPPORTUNITIES

Shelf stable seafood tipped as one to watch, thanks to ongoing efforts from leading player Century Pacific Food
Tofu unlikely to see success due to more exciting rising competition from alternatives
Seafood substitutes could become a new trend over the forecast period

CATEGORY DATA

Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2017-2022
Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2017-2022
Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2017-2022
Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2017-2022
Table 5 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2017-2022
Table 6 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2017-2022
Table 7 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2017-2022
Table 8 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2017-2022
Table 9 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2017-2022
Table 10 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2018-2022
Table 11 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2022
Table 12 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2017-2022
Table 13 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2022-2027
Table 14 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2022-2027