Product Code: ETC042489 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Fluid Milk market currently, in 2023, has witnessed an HHI of 1517, Which has decreased slightly as compared to the HHI of 3274 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines fluid milk market is expected to witness significant growth during the forecast period, 2020-2026. The increasing demand for packaged and ready-to-drink products has driven the growth of this market in the country. Moreover, growing health awareness among consumers and initiatives taken by dairy companies to educate them about the nutritional value of these products have contributed significantly towards driving growth in this sector. Additionally, rising disposable income levels among various age groups has increased their purchasing power which further resulted in an increase in consumption of such products
With people becoming more aware about animal welfare concerns and adopting healthier lifestyles, there is a surge in demand for plant based milk alternatives such as almond milk, soy milk etc., Therefore, manufacturers are introducing new flavors to match up with changing consumer preferences. Further, manufacturers are using packaging technology like shrink wrapping or cartoning that helps maintain product quality over long distance transportation while ensuring high shelf life. This trend is anticipated to drive sales during the forecast period from 2020 - 2026.
Rising health consciousness among individuals coupled with increasing awareness regarding nutrition value associated with milks has been one of major factors driving growth of this sector over past few years . Furthermore , manufacturers are focusing on educating consumers regarding nutritional benefits associated with different types of milks which is expected to continue fuelling demand for same over coming years. Additionally, dairy companies have been launching innovative products such as flavored milks , organic variants etc., which offer better taste along with added nutritional values . Such innovations have helped attract attention from large population base resulting into higher sales volumes hence fuelling overall market growth during forecast period.
Availability of substitute products such as coconut water , energy drinks etc., poses stiff competition for milk industry leading producers losses due lower profit margins despite higher production costs . Moreover presence other beverage categories offering similar kind nutrients also affects customer spending hence restraining industry???s overall development rate
Some key players operating in Philippines fluid milk market include Nestle Philippines Inc.; Alaska Milk Corporation; Universal Robina Corporation ; Bongabon Farms; Del Monte Pacific Limited ; San Miguel PureFoods Company Inc.; Vitarich
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Fluid Milk Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Fluid Milk Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Fluid Milk Market - Industry Life Cycle |
3.4 Philippines Fluid Milk Market - Porter's Five Forces |
3.5 Philippines Fluid Milk Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.6 Philippines Fluid Milk Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Philippines Fluid Milk Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 Philippines Fluid Milk Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Philippines Fluid Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Fluid Milk Market Trends |
6 Philippines Fluid Milk Market, By Types |
6.1 Philippines Fluid Milk Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Philippines Fluid Milk Market Revenues & Volume, By Source, 2020-2030F |
6.1.3 Philippines Fluid Milk Market Revenues & Volume, By Cow Milk, 2020-2030F |
6.1.4 Philippines Fluid Milk Market Revenues & Volume, By Ship Milk, 2020-2030F |
6.1.5 Philippines Fluid Milk Market Revenues & Volume, By Goat Milk, 2020-2030F |
6.1.6 Philippines Fluid Milk Market Revenues & Volume, By Buffalo Milk, 2020-2030F |
6.2 Philippines Fluid Milk Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Fluid Milk Market Revenues & Volume, By Whole Milk, 2020-2030F |
6.2.3 Philippines Fluid Milk Market Revenues & Volume, By Low Fat Milk, 2020-2030F |
6.2.4 Philippines Fluid Milk Market Revenues & Volume, By Reduced Fat Milk, 2020-2030F |
6.2.5 Philippines Fluid Milk Market Revenues & Volume, By Skim Milk, 2020-2030F |
6.2.6 Philippines Fluid Milk Market Revenues & Volume, By Cultured Buttermilk, 2020-2030F |
6.2.7 Philippines Fluid Milk Market Revenues & Volume, By Lactose Free Milk, 2020-2030F |
6.3 Philippines Fluid Milk Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Fluid Milk Market Revenues & Volume, By Fortified Milk, 2020-2030F |
6.3.3 Philippines Fluid Milk Market Revenues & Volume, By Flavored Dairy Milk, 2020-2030F |
6.3.4 Philippines Fluid Milk Market Revenues & Volume, By Yogurts, 2020-2030F |
6.3.5 Philippines Fluid Milk Market Revenues & Volume, By Cheese, 2020-2030F |
6.3.6 Philippines Fluid Milk Market Revenues & Volume, By Creams, 2020-2030F |
6.3.7 Philippines Fluid Milk Market Revenues & Volume, By Frozen Desserts, 2020-2030F |
6.4 Philippines Fluid Milk Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Fluid Milk Market Revenues & Volume, By Supermarket, 2020-2030F |
6.4.3 Philippines Fluid Milk Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.4.4 Philippines Fluid Milk Market Revenues & Volume, By Food Speciality Stores, 2020-2030F |
6.4.5 Philippines Fluid Milk Market Revenues & Volume, By Others, 2020-2030F |
7 Philippines Fluid Milk Market Import-Export Trade Statistics |
7.1 Philippines Fluid Milk Market Export to Major Countries |
7.2 Philippines Fluid Milk Market Imports from Major Countries |
8 Philippines Fluid Milk Market Key Performance Indicators |
9 Philippines Fluid Milk Market - Opportunity Assessment |
9.1 Philippines Fluid Milk Market Opportunity Assessment, By Source, 2020 & 2030F |
9.2 Philippines Fluid Milk Market Opportunity Assessment, By Type, 2020 & 2030F |
9.3 Philippines Fluid Milk Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 Philippines Fluid Milk Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Philippines Fluid Milk Market - Competitive Landscape |
10.1 Philippines Fluid Milk Market Revenue Share, By Companies, 2023 |
10.2 Philippines Fluid Milk Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |