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Dairy Products and Alternatives in the Philippines

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    Report

  • 67 Pages
  • September 2023
  • Region: Philippines
  • Euromonitor International
  • ID: 5616123
Retail sales of dairy products and alternatives recorded slightly accelerated growth in volume terms in 2023, when compared to the previous year. This was partly due to easing inflationary pressures, as energy and food prices posted lower increases, combined with improvements in distribution in modern and traditional retailers.

The 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 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: 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
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

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 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
  • Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
  • Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
  • Table 5 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
  • Table 6 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
  • Table 7 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
BABY FOOD IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Sluggish performance amid decline in national birth rate
  • Convenient lifestyles fuel growth in prepared baby food
  • Abbott promotes taps into school achievement with new product launch
PROSPECTS AND OPPORTUNITIES
  • Prospects remain positive despite falling birth rate
  • Innovation will continue as key differentiator
  • Other baby food may propel growth over the forecast period
CATEGORY DATA
  • Table 8 Sales of Baby Food by Category: Volume 2018-2023
  • Table 9 Sales of Baby Food by Category: Value 2018-2023
  • Table 10 Sales of Baby Food by Category: % Volume Growth 2018-2023
  • Table 11 Sales of Baby Food by Category: % Value Growth 2018-2023
  • Table 12 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023
  • Table 13 NBO Company Shares of Baby Food: % Value 2019-2023
  • Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023
  • Table 15 Distribution of Baby Food by Format: % Value 2018-2023
  • Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028
  • Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028
  • Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028
  • Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
BUTTER AND SPREADS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Continuation of home cooking trend supports growth of butter and spreads
  • Magnolia goes from strength to strength
  • Dairy-free alternatives to butter remain limited in scope
PROSPECTS AND OPPORTUNITIES
  • Positive prospects for butter and spreads, in line with improving economic conditions
  • Consolidation of the category will continue, although manufacturers of plant-based alternatives could find their niche
  • Legislative ban on trans fats expected to give rise to development of healthier products
CATEGORY DATA
  • Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023
  • Table 21 Sales of Butter and Spreads by Category: Value 2018-2023
  • Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
  • Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
  • Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023
  • Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
  • Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023
  • Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
  • Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
  • Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
  • Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
CHEESE IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Buoyant growth for economically-priced cheeses in 2023
  • Foodservice benefits from improving economic conditions
  • Mondelez dominates sales
PROSPECTS AND OPPORTUNITIES
  • Positive performance expected
  • Processed cheese set to continue to dominate sales
  • Health and wellness trends could lead to greater differentiation
CATEGORY DATA
  • Table 31 Sales of Cheese by Category: Volume 2018-2023
  • Table 32 Sales of Cheese by Category: Value 2018-2023
  • Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023
  • Table 34 Sales of Cheese by Category: % Value Growth 2018-2023
  • Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
  • Table 36 Sales of Hard Cheese by Type: % Value 2018-2023
  • Table 37 NBO Company Shares of Cheese: % Value 2019-2023
  • Table 38 LBN Brand Shares of Cheese: % Value 2020-2023
  • Table 39 Distribution of Cheese by Format: % Value 2018-2023
  • Table 40 Forecast Sales of Cheese by Category: Volume 2023-2028
  • Table 41 Forecast Sales of Cheese by Category: Value 2023-2028
  • Table 42 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
  • Table 43 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DRINKING MILK PRODUCTS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Drinking milk products thrive in 2023
  • Flavoured milk benefits from return of children to school routines
  • Fresh milk grows, albeit from a low base
PROSPECTS AND OPPORTUNITIES
  • Drinking milk products will continue to thrive
  • Foodservice will make a full recovery
  • Fresh milk offers potential for growth
CATEGORY DATA
  • Table 44 Sales of Drinking Milk Products by Category: Volume 2018-2023
  • Table 45 Sales of Drinking Milk Products by Category: Value 2018-2023
  • Table 46 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023
  • Table 47 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023
  • Table 48 NBO Company Shares of Drinking Milk Products: % Value 2019-2023
  • Table 49 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023
  • Table 50 Distribution of Drinking Milk Products by Format: % Value 2018-2023
  • Table 51 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028
  • Table 52 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028
  • Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028
  • Table 54 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
YOGHURT AND SOUR MILK PRODUCTS IN THE PHILIPPINESKEY 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 55 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
  • Table 56 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
  • Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
  • Table 58 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
  • Table 59 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
  • Table 60 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
  • Table 61 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
  • Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
  • Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
  • Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
  • Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
OTHER DAIRY IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Continued home cooking trend boosts demand for other dairy products
  • Robust growth in foodservice
  • Alaska Milk Corp maintains its leading position
PROSPECTS AND OPPORTUNITIES
  • Home cooking will be key factor in sustaining growth but some product areas will remain underdeveloped
  • Continued recovery for foodservice
  • Plant-based alternatives pose threat to dairy-based condensed milk and coffee whiteners
CATEGORY DATA
  • Table 66 Sales of Other Dairy by Category: Volume 2018-2023
  • Table 67 Sales of Other Dairy by Category: Value 2018-2023
  • Table 68 Sales of Other Dairy by Category: % Volume Growth 2018-2023
  • Table 69 Sales of Other Dairy by Category: % Value Growth 2018-2023
  • Table 70 Sales of Cream by Type: % Value 2018-2023
  • Table 71 NBO Company Shares of Other Dairy: % Value 2019-2023
  • Table 72 LBN Brand Shares of Other Dairy: % Value 2020-2023
  • Table 73 Distribution of Other Dairy by Format: % Value 2018-2023
  • Table 74 Forecast Sales of Other Dairy by Category: Volume 2023-2028
  • Table 75 Forecast Sales of Other Dairy by Category: Value 2023-2028
  • Table 76 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028
  • Table 77 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
PLANT-BASED DAIRY IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Slow recovery for soy drinks
  • New product offerings fuel growth in other plant-based milk
  • Non-dairy alternatives to cheese begin to emerge
PROSPECTS AND OPPORTUNITIES
  • Health and wellness concerns will drive demand, with dairy-free drinking yoghurt likely to gain traction
  • Soy drink makers may shift towards other plant-based milk
  • Indulgent flavours may grow in prominence
CATEGORY DATA
  • Table 78 Sales of Plant-Based Dairy by Category: Value 2018-2023
  • Table 79 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
  • Table 80 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
  • Table 81 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
  • Table 82 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
  • Table 83 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
  • Table 84 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028