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Meals and Soups in the Philippines

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    Report

  • 20 Pages
  • October 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 5731831
Despite the continued strain on finances for many people in the Philippines, meals and soups is rising in both retail current value and retail volume terms in 2024. As local consumers strive to maximise their wages and incomes while the job market improves, they are pushing up demand for meals and soups. Busier workers support convenience trends in packaged food and options that require minimal time and effort to prepare.

The publisher's Meals and Soups 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 in 2024 directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Food Kits, Pizza, Prepared Salads, Ready Meals, Soup.

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

Why buy this report?

  • Get a detailed picture of the Meals and Soups 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

MEALS AND SOUPS IN THE PHILIPPINESKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Meals and soups rises amid economic uncertainty
  • Convenience trends bolster soup, while Knorr remains leading brand in overall category
  • E-commerce sees increased dynamism in 2024
PROSPECTS AND OPPORTUNITIES
  • Foodservice growth will continue to accelerate
  • Health consciousness will continue to impact category development
  • Frozen ready meals may see greater distribution
CATEGORY DATA
  • Table 1 Sales of Meals and Soups by Category: Volume 2019-2024
  • Table 2 Sales of Meals and Soups by Category: Value 2019-2024
  • Table 3 Sales of Meals and Soups by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Meals and Soups by Category: % Value Growth 2019-2024
  • Table 5 Sales of Chilled Ready Meals by Ethnicity: % Value 2019-2024
  • Table 6 Sales of Frozen Ready Meals by Ethnicity: % Value 2019-2024
  • Table 7 Sales of Soup by Leading Flavours: Rankings 2019-2024
  • Table 8 NBO Company Shares of Meals and Soups: % Value 2020-2024
  • Table 9 LBN Brand Shares of Meals and Soups: % Value 2021-2024
  • Table 10 Distribution of Meals and Soups by Format: % Value 2019-2024
  • Table 11 Forecast Sales of Meals and Soups by Category: Volume 2024-2029
  • Table 12 Forecast Sales of Meals and Soups by Category: Value 2024-2029
  • Table 13 Forecast Sales of Meals and Soups by Category: % Volume Growth 2024-2029
  • Table 14 Forecast Sales of Meals and Soups by Category: % Value Growth 2024-2029
COOKING INGREDIENTS AND MEALS IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2024: The big picture
  • Key trends in 2024
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 15 Sales of Cooking Ingredients and Meals by Category: Volume 2019-2024
  • Table 16 Sales of Cooking Ingredients and Meals by Category: Value 2019-2024
  • Table 17 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2019-2024
  • Table 18 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2019-2024
  • Table 19 NBO Company Shares of Cooking Ingredients and Meals: % Value 2020-2024
  • Table 20 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2021-2024
  • Table 21 Penetration of Private Label by Category: % Value 2019-2024
  • Table 22 Distribution of Cooking Ingredients and Meals by Format: % Value 2019-2024
  • Table 23 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2024-2029
  • Table 24 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2024-2029
  • Table 25 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2024-2029
  • Table 26 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources