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Butter and Spreads in the Philippines

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    Report

  • 19 Pages
  • August 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 3511350
Butter and spreads are staple pantry items in Filipino households, frequently used in both home cooking and baking. These products are integral to a variety of traditional dishes, such as adobo variations, and are also popular as spreads for bread, making them a versatile ingredient in everyday meals.

The Butter and Spreads 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 2019-2023, 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 directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Butter, Cooking Fats, Margarine and Spreads.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Butter and Spreads 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.

Table of Contents

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 1 Sales of Butter and Spreads by Category: Volume 2019-2024
  • Table 2 Sales of Butter and Spreads by Category: Value 2019-2024
  • Table 3 Sales of Butter and Spreads by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Butter and Spreads by Category: % Value Growth 2019-2024
  • Table 5 NBO Company Shares of Butter and Spreads: % Value 2020-2024
  • Table 6 LBN Brand Shares of Butter and Spreads: % Value 2021-2024
  • Table 7 Distribution of Butter and Spreads by Format: % Value 2019-2024
  • Table 8 Forecast Sales of Butter and Spreads by Category: Volume 2024-2029
  • Table 9 Forecast Sales of Butter and Spreads by Category: Value 2024-2029
  • Table 10 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2024-2029
  • Table 11 Forecast Sales of Butter and Spreads by Category: % Value Growth 2024-2029
DAIRY PRODUCTS AND ALTERNATIVES IN THE PHILIPPINES
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 12 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
  • Table 13 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
  • Table 14 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
  • Table 15 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
  • Table 16 Penetration of Private Label by Category: % Value 2019-2024
  • Table 17 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
  • Table 18 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
  • Table 19 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources