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Philippines Dairy Market Size, Share, Trends, Analysis: By Product: Fluid/UHT/Flavoured Milk, Cream, Butter, Anhydrous Milk Fat (AMF), Skimmed Milk Powder/Non-Fat Dry Milk, Whole Milk Powder, Whey Protein (Powder and Concentrate), Lactose, Casein, Cheese, Yoghurt, Ice-Cream, Probiotic Dairy Products; Competitive Landscape; 2024-2032
Philippines Dairy Market Outlook
The Philippines dairy market size reached approximately USD 3.22 billion in 2023. The market is further projected to grow at a CAGR of 6.8% between 2024 and 2032, reaching a value of USD 5.84 billion by 2032.
Key Trends in the Market
Dairy products refer to foods and beverages that contain milk obtained from lactating animals. The most common dairy animals include nanny goats, cows, and water buffalos, among others. Dairy encompasses of a wide range of products including cream, milk, yoghurt, cheese, and butter, among others.
- Rising consumption of dairy due to increasing health awareness among the regional population is propelling the requirement for value added dairy products including fortified milk, bolstering the Philippines dairy market growth. The introduction of health-centric products by major key market players are further supporting the market expansion.
- Adoption of advanced technologies in dairy processing including supply chain logistics, milk processing, packaging, and dairy farm management, among others is supporting the market expansion. The deployment of artificial intelligence, automation, and internet of things is improving product quality and enhancing efficiency, while ensuring food safety.
- Increasing investments by the key players of the market towards research and development activities for development of flavoured milk, yoghurt, and ice-creams, among others, is providing lucrative growth opportunities to the market. Flavoured dairy products encourage young adults and children to consume more milk.
- Growing availability of dairy products across online grocery shopping and e-commerce platforms is supporting the market expansion. These platforms offer home delivery services and subscription-based models, enhancing the shopping experience for the customers and providing cost efficiency.
Philippines Dairy Market Analysis
On the basis of product, the market is divided into fluid/UHT/flavoured milk, cream, butter, anhydrous milk fat (AMF), skimmed milk powder/non-fat dry milk, whole milk powder, whey protein (powder and concentrate), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Philippines dairy market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Nestlé Philippines
- Alaska Milk Corporation
- Yakult Philippines Incorporated
- San Miguel Food and Beverage, Inc.
- Century Pacific Food Incorporated
- Mondelez International
- Fonterra Co-operative Group Limited
- Others
Market Share by Product
Fluid/UHT/flavoured milk is anticipated to account for a significant Philippines dairy market share over the forecast period. This growth can be attributed to the high nutritional value of the dairy products and their critical role in everyday meal plans. Parents are significantly investing in flavoured milk as it encourages young children to consume milk on a daily basis due to the availability of various flavours including strawberry and chocolate, ensuring children meet their nutritional requirements.
Meanwhile, skimmed milk powder/non-fat dry milk is witnessing significant growth owing to rising health consciousness. The low and non-fat nature of the products is boosting their popularity among health-conscious individuals, propelling the Philippines dairy market demand. Increasing disposable incomes and rising awareness about the various benefits offered by the dairy products is further bolstering their consumption.
Competitive Landscape
Nestlé Philippines is one of the leading food and beverage companies in Philippines. This company is involved in the manufacture and distribution of dairy products, baby food, bottled water, cereal, pet food, and ice creams, among others.
Alaska Milk Corporation, headquartered in Makati, Philippines, is a dairy company involved in the production of powdered milk, all-purpose cream, condensed milk, coffee creamer, UHT milk, and evaporated milk, among others.
Yakult Philippines Incorporated is one of the leading distributor and manufacturer of Yakult cultured milk. The company was founded in 1978 and is headquartered in Manila, Philippines. Yakult is dedicated towards adopting advanced technologies for ensuring the delivery of high-quality products to their customers.
Other Philippines dairy market key players include San Miguel Food and Beverage, Inc., Century Pacific Food Incorporated, Mondelez International, and Fonterra Co-operative Group Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Dairy Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Dairy Historical Market (2018-2023)
8.3 Asia Pacific Dairy Market Forecast (2024-2032)
9 Philippines Dairy Market Analysis
9.1 Key Industry Highlights
9.2 Philippines Dairy Historical Market (2018-2023)
9.3 Philippines Dairy Market Forecast (2024-2032)
10 Philippines Dairy Market by Product
10.1 Fluid/UHT/Flavoured Milk
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cream
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Butter
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Anhydrous Milk Fat (AMF)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Skimmed Milk Powder/Non-Fat Dry Milk
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Whole Milk Powder
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Whey Protein (Powder and Concentrate)
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Lactose
10.8.1 Historical Trend (2018-2023)
10.8.2 Forecast Trend (2024-2032)
10.9 Casein
10.9.1 Historical Trend (2018-2023)
10.9.2 Forecast Trend (2024-2032)
10.10 Cheese
10.10.1 Historical Trend (2018-2023)
10.10.2 Forecast Trend (2024-2032)
10.11 Yoghurt
10.11.1 Historical Trend (2018-2023)
10.11.2 Forecast Trend (2024-2032)
10.12 Ice-Cream
10.12.1 Historical Trend (2018-2023)
10.12.2 Forecast Trend (2024-2032)
10.13 Probiotic Dairy Products
10.13.1 Historical Trend (2018-2023)
10.13.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 04)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé Philippines
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Alaska Milk Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yakult Philippines Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 San Miguel Food and Beverage, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Century Pacific Food Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mondelez International
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Fonterra Co-operative Group Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Dairy Market: Key Industry Highlights, 2018 and 2032
2. Philippines Dairy Market: Key Industry Highlights, 2018 and 2032
3. Philippines Dairy Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Philippines Dairy Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Major Exporting Countries by Value
6. Major Importing Countries by Value
7. Major Exporting Countries by Volume
8. Major Importing Countries by Volume
9. Philippines Dairy Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.22 billion in 2023.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.84 billion by 2032.
The major market drivers include increasing health awareness among the regional population and growing availability of dairy products across online grocery shopping and e-commerce platforms.
The key trends fuelling the growth of the market include adoption of advanced technologies in dairy processing and rising investments by the key players of the market towards research and development activities.
The major types of dairy farms include commercial farms, individual smallholder producers, government farms, and smallholder cooperatives.
The significant products available include fluid/UHT/flavoured milk, cream, butter, anhydrous milk fat (AMF), skimmed milk powder/non-fat dry milk, whole milk powder, whey protein (powder and concentrate), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products.
The key players in the market are Nestlé Philippines, Alaska Milk Corporation, Yakult Philippines Incorporated, San Miguel Food and Beverage, Inc., Century Pacific Food Incorporated, Mondelez International, and Fonterra Co-operative Group Limited, among others.
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