| Product Code: ETC411385 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to rely on key nut ingredient imports from top suppliers including the USA, Indonesia, China, Thailand, and Vietnam. The market displayed a high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a modest Compound Annual Growth Rate (CAGR) of 0.88% from 2020 to 2024, the sector experienced a notable decline in growth rate from 2023 to 2024 at -44.43%. This dynamic landscape suggests a need for market players to closely monitor shifting trends and adapt strategies accordingly to navigate the challenging market conditions.

In the Asia region, the Nut Ingredients market in Philippines is projected to expand at a high growth rate of 11.69% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

The nut ingredients market in the Philippines has witnessed substantial growth, attributed to the rising utilization of nuts across the food and beverage industry. Nuts are valued for their nutritional benefits and flavor-enhancing qualities, leading to their incorporation into snacks, baked goods, confectionery, and more. As consumers seek healthier and indulgent food options, the demand for nut-infused products is on the rise, fostering a positive outlook for the nut ingredients market.
In the Philippines nut ingredients market, the growing awareness of the health benefits associated with nuts has led to a surge in demand. Nuts are sought after for their nutritional value, including healthy fats and proteins, and are being incorporated into a wide range of food products, boosting the nut ingredients market.
The Philippines nut ingredients market might encounter challenges related to allergen considerations, sourcing, and market competition. Nut ingredients can pose allergen risks for certain consumers, requiring clear labeling and communication. Sourcing a consistent supply of high-quality nuts can also be a challenge, especially if the nuts are not widely cultivated in the Philippines. Moreover, competition from other ingredients and the need to ensure product freshness, flavor, and nutritional value are ongoing challenges in this market.
The Philippines nut ingredients market faced challenges during the pandemic. With disruptions in international trade and logistics, sourcing of nut ingredients became more complex. Reduced consumer spending and changes in consumer priorities impacted demand from the bakery, confectionery, and foodservice sectors. However, health-conscious consumer behavior supported the demand for nuts as nutritious snacks. Manufacturers focused on diversifying distribution channels and adapting to changing consumer preferences.
The main players in the Philippines nut ingredients market include Del Monte Pacific Limited, Republic Biscuit Corporation (Rebisco), Universal Robina Corporation (URC), Nestle Philippines Inc., Pepsi-Cola Products Inc., Swift Food Industries Corp. (SFIC) and Philippine Agricultural Commodities Exchange (PACE). These firms produce a variety of nuts such as cashew nuts, almonds, peanuts and other varieties for use by consumers or food processors as components in processed foods.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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