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Cooking Ingredients and Meals in the Philippines

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    Report

  • 47 Pages
  • November 2023
  • Region: Philippines
  • Euromonitor International
  • ID: 5567362
Inflationary pressures continue in 2023, however, we are seeing an overall resilience in cooking ingredients and meals in the Philippines – in both value and volume terms, variably. Shortages in raw materials continue to affect some categories, such as seen with sunflower oil in edible oils, however, such challenges appear to be stabilising. Overall, the return to social mobility, following the period of pandemic restrictions and lockdowns, is assisting with the revival of economic activities.

The Cooking Ingredients and Meals 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 directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet 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 Cooking Ingredients and Meals 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

COOKING INGREDIENTS AND MEALS IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Resilience of cooking ingredients and meals in 2023
  • Key trends
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2018-2023
  • Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2018-2023
  • Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2019-2023
  • Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2020-2023
  • Table 7 Penetration of Private Label by Category: % Value 2018-2023
  • Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2023-2028
  • Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EDIBLE OILS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Edible oils shows positive indicators, while volume remains lower than value due to inflationary pressures
  • Foodservice rebounds with help from technological developments to match evolved trends
  • Health and wellness trends drive demand for olive oil
PROSPECTS AND OPPORTUNITIES
  • Prevailing health and wellbeing trends will continue to attract consumers to olive oil
  • Vegetable and seed oils will continue to hold mass appeal - especially in foodservice
  • E-commerce continues to expand in the Philippines
CATEGORY DATA
  • Table 13 Sales of Edible Oils by Category: Volume 2018-2023
  • Table 14 Sales of Edible Oils by Category: Value 2018-2023
  • Table 15 Sales of Edible Oils by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Edible Oils by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Edible Oils: % Value 2019-2023
  • Table 18 LBN Brand Shares of Edible Oils: % Value 2020-2023
  • Table 19 Distribution of Edible Oils by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Edible Oils by Category: Volume 2023-2028
  • Table 21 Forecast Sales of Edible Oils by Category: Value 2023-2028
  • Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2023-2028
  • Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2023-2028
MEALS AND SOUPS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Meals and soups supported by consumers’ demand for convenience
  • E-commerce adds value as a promotional tool to link to social media
  • Unilever maintains its top place thanks to Knorr’s dominant position in dry soup
PROSPECTS AND OPPORTUNITIES
  • Frozen ready meals could stimulate greater competition, with premium and health-focused options
  • Health and wellness trends set to influence consumers’ choices
  • Foodservice partnerships could help boost sales of soup
CATEGORY DATA
  • Table 24 Sales of Meals and Soups by Category: Volume 2018-2023
  • Table 25 Sales of Meals and Soups by Category: Value 2018-2023
  • Table 26 Sales of Meals and Soups by Category: % Volume Growth 2018-2023
  • Table 27 Sales of Meals and Soups by Category: % Value Growth 2018-2023
  • Table 28 Sales of Frozen Ready Meals by Ethnicity: % Value 2018-2023
  • Table 29 NBO Company Shares of Meals and Soups: % Value 2019-2023
  • Table 30 LBN Brand Shares of Meals and Soups: % Value 2020-2023
  • Table 31 Distribution of Meals and Soups by Format: % Value 2018-2023
  • Table 32 Forecast Sales of Meals and Soups by Category: Volume 2023-2028
  • Table 33 Forecast Sales of Meals and Soups by Category: Value 2023-2028
  • Table 34 Forecast Sales of Meals and Soups by Category: % Volume Growth 2023-2028
  • Table 35 Forecast Sales of Meals and Soups by Category: % Value Growth 2023-2028
SAUCES, DIPS AND CONDIMENTS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Robust home-cooking culture sustains interest in sauces, dips, and condiments
  • Recovery of foodservice supports ongoing growth
  • CDO Foodsphere’s distribution of Kraft Heinz products is underway - benefitting both foodservice and retail channels
PROSPECTS AND OPPORTUNITIES
  • Health and wellness trends likely to influence developments in sauces, dips, and condiments
  • Mustard continues to show lacklustre prospects in retail
  • Ongoing prospects seen for foodservice, supporting popular sauces, dips, and condiments
CATEGORY DATA
  • Table 36 Sales of Sauces, Dips and Condiments by Category: Volume 2018-2023
  • Table 37 Sales of Sauces, Dips and Condiments by Category: Value 2018-2023
  • Table 38 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2018-2023
  • Table 39 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2018-2023
  • Table 40 Sales of Liquid Recipe Sauces by Type: % Value 2018-2023
  • Table 41 Sales of Other Sauces and Condiments by Type: Rankings 2018-2023
  • Table 42 NBO Company Shares of Sauces, Dips and Condiments: % Value 2019-2023
  • Table 43 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2020-2023
  • Table 44 Distribution of Sauces, Dips and Condiments by Format: % Value 2018-2023
  • Table 45 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2023-2028
  • Table 46 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2023-2028
  • Table 47 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2023-2028
  • Table 48 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2023-2028
SWEET SPREADS IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Sweet spreads registered growth in 2023
  • Revival of foodservice benefits sweet spreads, in a cross-category trend
  • Health and wellness trends fuel the popularity of honey
PROSPECTS AND OPPORTUNITIES
  • Sweet spreads set for healthy growth over the forecast period
  • Plant-based spreads set to see wider availability
  • An increased variety of pack sizes expected to appeal to a wide range of consumers
CATEGORY DATA
  • Table 49 Sales of Sweet Spreads by Category: Volume 2018-2023
  • Table 50 Sales of Sweet Spreads by Category: Value 2018-2023
  • Table 51 Sales of Sweet Spreads by Category: % Volume Growth 2018-2023
  • Table 52 Sales of Sweet Spreads by Category: % Value Growth 2018-2023
  • Table 53 NBO Company Shares of Sweet Spreads: % Value 2019-2023
  • Table 54 LBN Brand Shares of Sweet Spreads: % Value 2020-2023
  • Table 55 Distribution of Sweet Spreads by Format: % Value 2018-2023
  • Table 56 Forecast Sales of Sweet Spreads by Category: Volume 2023-2028
  • Table 57 Forecast Sales of Sweet Spreads by Category: Value 2023-2028
  • Table 58 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2023-2028
  • Table 59 Forecast Sales of Sweet Spreads by Category: % Value Growth 2023-2028