Country Profile: Dairy & Soy Food Sector in the Philippines

2017-08-11
Price :
Published : Aug-2017
No. of Pages : 136

Country Profile: Dairy & Soy Food Sector in the Philippines

Summary

Filipino Dairy & Soy Food sector accounted for a volume share of 0.42% of the global market and 1.09% of the regional (Asia-Pacific) market in 2016. The sector is forecast to grow at a CAGR of 8% during 2016-2021. A recovering economy, large base of young population and government policies to promote dairy consumption are boosting the Filipino Dairy & Soy Food sector. Per capita consumption of Dairy & Soy Food products stood at 10.5kg when compared to the global and Asia-Pacific levels of 50kg and 29.7kg, respectively, in 2016.

Milk is the largest with value sales of ?264,561.1 Million (US$5,570.8 Million) in 2016, while the ‘Soymilk & Soy Drinks’ market is expected to record the fastest CAGR of 11% during the 2016-2021 period.

Hypermarkets & Supermarkets account for a leading share in the distribution of Dairy & Soy Food products in the Philippines. In 2016, Hypermarkets & Supermarkets held 48.6% value share, followed by On-trade with 20% share. Food & Drinks Specialists and Convenience Stores accounted for shares of 19.6% and 10.6%, respectively, in the same year. Paper & Board is the most commonly used packaging material in the Filipino Dairy & Soy Food sector. In 2016, it accounted for a volume share of 36.8%, followed by Rigid Metal and Flexible Packaging with shares of 29.7% and 18% respectively.

Health & Wellness attributes such as ‘Naturally Healthy and Food Minus’ and consumer benefits such as ‘General Wellbeing’ and ‘Weight & Shape Management’ are the most sought after Health & Wellness claims in the Filipino Dairy & Soy Food sector. Consumption of Dairy & Soy Food is high among the female population. Moreover, the consumption is particularly high among those consumers who attended Primary school. In terms of consumption by age group, Kids & Babies and Early Young Adults together accounted for 55.8% share of consumption in 2016.

Alaska is the leading brand in the Filipino Dairy & Soy Food sector. The top five brands in the sector accounted for 46% value share, while private labels held 2.6% share by value in 2016.

The report “Country Profile: Dairy & Soy Food Sector in the Philippines” provides insights on high growth markets to target, trends in the usage of packaging materials, category level distribution channel data and market share of brands.

In particular, this report provides the following –
- Market data: Overall market value and volume data with growth analysis for 2011-2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade
- Category coverage: Value and growth analysis for Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Fromage Frais & Quark, Milk, Soymilk & Soy Drinks, and Yogurt with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
- Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
- Distribution data: Percentage of sales within each market through distribution channels such as On-trade, Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
- Packaging data: Consumption breakdown for packaging materials and container types in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Carton, Film, Bag/Sachet, Tub, Wrapper, Bottle, and Tube.

Companies mentioned in this report: Royal FrieslandCampina N.V., Nestle S.A., Hacienda Macalauan Inc, Fonterra Co-operative Group, Century Pacific Group, QAF Limited, Yakult Honsha Co., Ltd., United Laboratories, Inc., Mondelez International, Inc, Dairyworks Limited.

Scope

- The per capita consumption of Dairy & Soy Food is lower in the Philippines compared to the global and regional levels
- Per capita consumption in the Milk market is noticeably higher compared to other markets in the Philippines
- Hypermarkets & Supermarkets account for the leading share in the distribution of Dairy & Soy Food products in the Philippines
- Alaska is the leading brand in the Filipino Dairy & Soy Food sector
- Paper & Board is the most commonly used packaging material in the Filipino Dairy & Soy Food sector.

Reasons to buy

- Identify high potential categories and explore further market opportunities based on detailed value and volume 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 brand share analysis to plan effective market positioning
- Manufacturers can identify the opportunities to position products with H&W attributes/benefits
- Access the key and most influential consumer trends driving Dairy & Soy Food products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
- 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
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
- Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Filed in: Food & Beverage
Publisher : GlobalData
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