Dairy Products and Alternatives in the Philippines

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

• Dairy products and alternatives in 2024: The big picture
• Key trends in 2024
• Competitive landscape
• Channel developments
• What next for dairy products and alternatives?

MARKET DATA

• Table 1 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
• Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
• Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
• Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
• Table 5 Penetration of Private Label by Category: % Value 2019-2024
• Table 6 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
• Table 7 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
• Table 8 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

• Summary 1 Research Sources

BABY FOOD IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Baby food registers moderate growth in 2024 despite headwinds
• Retail e-commerce maintains momentum in 2024, despite its continued niche status in baby food
• Players innovate in milk formula to drive further differentiation from competitors

PROSPECTS AND OPPORTUNITIES

• Growing-up milk formula expected to see greater dynamism over the forecast period
• Innovation will be more prominent in new product development
• Plant-based baby food remains a niche in the Philippines

CATEGORY DATA

• Table 9 Sales of Baby Food by Category: Volume 2019-2024
• Table 10 Sales of Baby Food by Category: Value 2019-2024
• Table 11 Sales of Baby Food by Category: % Volume Growth 2019-2024
• Table 12 Sales of Baby Food by Category: % Value Growth 2019-2024
• Table 13 Sales of Growing-Up Milk Formula by Age: % Value 2019-2024
• Table 14 NBO Company Shares of Baby Food: % Value 2020-2024
• Table 15 LBN Brand Shares of Baby Food: % Value 2021-2024
• Table 16 Distribution of Baby Food by Format: % Value 2019-2024
• Table 17 Forecast Sales of Baby Food by Category: Volume 2024-2029
• Table 18 Forecast Sales of Baby Food by Category: Value 2024-2029
• Table 19 Forecast Sales of Baby Food by Category: % Volume Growth 2024-2029
• Table 20 Forecast Sales of Baby Food by Category: % Value Growth 2024-2029

BUTTER AND SPREADS IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Moderate retail value growth for butter and spreads in 2024, despite a minor fall in retail volume sales
• Players seek to secure foodservice partnerships, as foodservice volume sales of butter and spreads experience significant growth
• Brands leverage social media platforms to drive aggressive marketing efforts targeted towards younger consumers

PROSPECTS AND OPPORTUNITIES

• Butter and spreads set to exhibit moderate retail volume and value growth over the forecast period.
• Smaller pack sizes will proliferate
• Healthy indulgence and premium products expected to grow, driven by government ban and wellness trends

CATEGORY DATA

• Table 21 Sales of Butter and Spreads by Category: Volume 2019-2024
• Table 22 Sales of Butter and Spreads by Category: Value 2019-2024
• Table 23 Sales of Butter and Spreads by Category: % Volume Growth 2019-2024
• Table 24 Sales of Butter and Spreads by Category: % Value Growth 2019-2024
• Table 25 NBO Company Shares of Butter and Spreads: % Value 2020-2024
• Table 26 LBN Brand Shares of Butter and Spreads: % Value 2021-2024
• Table 27 Distribution of Butter and Spreads by Format: % Value 2019-2024
• Table 28 Forecast Sales of Butter and Spreads by Category: Volume 2024-2029
• Table 29 Forecast Sales of Butter and Spreads by Category: Value 2024-2029
• Table 30 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2024-2029
• Table 31 Forecast Sales of Butter and Spreads by Category: % Value Growth 2024-2029

CHEESE IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Consumption of cheese remains resilient in 2024
• Mondelez Philippines continues to lead cheese
• Packaged hard cheese fails to see retail volume growth in 2024, as consumers scale back their spending

PROSPECTS AND OPPORTUNITIES

• Stable growth anticipated for cheese over the forecast period, buoyed by familiarity of processed cheese
• Retail e-commerce expected to grow in prominence
• Wider product variety anticipated in packaged hard cheese

CATEGORY DATA

• Table 32 Sales of Cheese by Category: Volume 2019-2024
• Table 33 Sales of Cheese by Category: Value 2019-2024
• Table 34 Sales of Cheese by Category: % Volume Growth 2019-2024
• Table 35 Sales of Cheese by Category: % Value Growth 2019-2024
• Table 36 Sales of Spreadable Cheese by Type: % Value 2019-2024
• Table 37 Sales of Soft Cheese by Type: % Value 2019-2024
• Table 38 Sales of Hard Cheese by Type: % Value 2019-2024
• Table 39 NBO Company Shares of Cheese: % Value 2020-2024
• Table 40 LBN Brand Shares of Cheese: % Value 2021-2024
• Table 41 Distribution of Cheese by Format: % Value 2019-2024
• Table 42 Forecast Sales of Cheese by Category: Volume 2024-2029
• Table 43 Forecast Sales of Cheese by Category: Value 2024-2029
• Table 44 Forecast Sales of Cheese by Category: % Volume Growth 2024-2029
• Table 45 Forecast Sales of Cheese by Category: % Value Growth 2024-2029

DRINKING MILK PRODUCTS IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Drinking milk products sees positive retail volume and value growth, despite headwinds from cost-of-living challenges
• Despite overwhelming popularity of shelf stable milk in foodservice, fresh milk sees considerable volume growth in 2024
• Single-serve packs of drinking milk products see greater availability

PROSPECTS AND OPPORTUNITIES

• Powder milk expected to maintain stable growth over the forecast period, despite price hikes in 2024
• Potential for fresh milk to progress through foodservice, despite niche status
• Premium products expected to remain niche, given the global economic environment

CATEGORY DATA

• Table 46 Sales of Drinking Milk Products by Category: Volume 2019-2024
• Table 47 Sales of Drinking Milk Products by Category: Value 2019-2024
• Table 48 Sales of Drinking Milk Products by Category: % Volume Growth 2019-2024
• Table 49 Sales of Drinking Milk Products by Category: % Value Growth 2019-2024
• Table 50 NBO Company Shares of Drinking Milk Products: % Value 2020-2024
• Table 51 LBN Brand Shares of Drinking Milk Products: % Value 2021-2024
• Table 52 Distribution of Drinking Milk Products by Format: % Value 2019-2024
• Table 53 Forecast Sales of Drinking Milk Products by Category: Volume 2024-2029
• Table 54 Forecast Sales of Drinking Milk Products by Category: Value 2024-2029
• Table 55 Forecast Sales of Drinking Milk Products by Category: % Volume Growth 2024-2029
• Table 56 Forecast Sales of Drinking Milk Products by Category: % Value Growth 2024-2029

YOGHURT AND SOUR MILK PRODUCTS IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Yoghurt registers robust retail volume and current value growth in 2024, driven by drinking yoghurt
• Growing competition within drinking yoghurt, as new brands enter over the review period
• Despite stagnating retail volume growth of spoonable yoghurt in 2024, fresh yoghurt sold by foodservice outlets may increase awareness of related products

PROSPECTS AND OPPORTUNITIES

• Positive prospects anticipated for all yoghurt categories over the forecast period
• Players may turn to fortification or reduction of negative nutrients to differentiate their products from those of competitors
• While modern grocery retail will remain the key distribution channel for yoghurt, retail e-commerce is expected to gradually grow in prominence

CATEGORY DATA

• Table 57 Sales of Yoghurt and Sour Milk Products by Category: Volume 2019-2024
• Table 58 Sales of Yoghurt and Sour Milk Products by Category: Value 2019-2024
• Table 59 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2019-2024
• Table 60 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2019-2024
• Table 61 Sales of Flavoured Yoghurt by Flavour: Rankings 2019-2024
• Table 62 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2020-2024
• Table 63 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2021-2024
• Table 64 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2019-2024
• Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2024-2029
• Table 66 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2024-2029
• Table 67 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2024-2029
• Table 68 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2024-2029

OTHER DAIRY IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Other dairy registers moderate growth amidst challenges
• Alaska Milk Corp retains leadership of other dairy in 2024, and continues to consolidate its share
• Consumer foodservice channels continue to support the expansion of other dairy

PROSPECTS AND OPPORTUNITIES

• Other dairy expected to face headwinds in the medium term; nonetheless, continued moderate growth expected over the forecast period
• Product variety within condensed and evaporated milk likely to become more evident as players seek to recapture interest in a mature category
• Retail e-commerce set to gain greater significance

CATEGORY DATA

• Table 69 Sales of Other Dairy by Category: Volume 2019-2024
• Table 70 Sales of Other Dairy by Category: Value 2019-2024
• Table 71 Sales of Other Dairy by Category: % Volume Growth 2019-2024
• Table 72 Sales of Other Dairy by Category: % Value Growth 2019-2024
• Table 73 Sales of Cream by Type: % Value 2019-2024
• Table 74 NBO Company Shares of Other Dairy: % Value 2020-2024
• Table 75 LBN Brand Shares of Other Dairy: % Value 2021-2024
• Table 76 Distribution of Other Dairy by Format: % Value 2019-2024
• Table 77 Forecast Sales of Other Dairy by Category: Volume 2024-2029
• Table 78 Forecast Sales of Other Dairy by Category: Value 2024-2029
• Table 79 Forecast Sales of Other Dairy by Category: % Volume Growth 2024-2029
• Table 80 Forecast Sales of Other Dairy by Category: % Value Growth 2024-2029

PLANT-BASED DAIRY IN THE PHILIPPINES

KEY DATA FINDINGS

2024 DEVELOPMENTS

• Plant-based dairy records limited retail volume growth in 2024 despite consumer interest, as locals face challenges from cost-of-living pressures
• Single-serve other-plant based milk gains momentum
• Foodservice consumption expected to raise the profile of other plant-based milk

PROSPECTS AND OPPORTUNITIES

• Robust growth anticipated for plant-based milk in the forecast period
• Other plant-based dairy expected to see intensified competition
• Limited potential expected for plant-based cheese and plant-based yoghurt

CATEGORY DATA

• Table 81 Sales of Plant-Based Dairy by Category: Value 2019-2024
• Table 82 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
• Table 83 Sales of Other Plant-Based Milk by Type: % Value 2021-2024
• Table 84 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
• Table 85 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
• Table 86 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
• Table 87 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
• Table 88 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029