Dairy Products and Alternatives in the Philippines
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. Demand was further buoyed by the trend towards consuming breakfast at home more often, as well as a continued interest in home cooking and baking, which ramped up during...
Euromonitor International's 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 <|Year|> directly informs our 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?
Euromonitor International's 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 <|Year|> directly informs our 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.
Dairy Products and Alternatives in the Philippines
Euromonitor International
September 2023
LIST OF CONTENTS AND TABLES
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 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
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 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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
Euromonitor International
September 2023
LIST OF CONTENTS AND TABLES
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 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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 PHILIPPINES
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 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 PHILIPPINES
KEY 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 PHILIPPINES
KEY 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
