Product Code: ETC126218 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Sardine Market could see a tapering of growth rates over 2025 to 2029. Starting high at -0.72% in 2025, the market steadily declines to -1.38% by 2029.
By 2027, the Sardine market in Philippines is anticipated to reach a growth rate of -1.07%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Philippines is one of the largest producers of sardines in Southeast Asia. In 2025, its production and exports for sardines amounted to around 600 thousand tonnes. The major consumption of canned sardines in the country are from retail sales, hotels and restaurants as well as exports. The retail sector accounts for a major share of the total market demand and has been growing at an impressive CAGR over recent years due to increasing consumer awareness about health benefits associated with seafood consumption
The key drivers for the growth of Philippine sardine market include rising population, changing lifestyle patterns such as increased out-of-home eating habits; increasing disposable income levels among middle class households; presence of local manufacturers that are producing high quality products at competitive prices; availability of raw materials due to proximity to sea resources; favorable government policies on fishing rights and incentives provided by central government agencies such as Department Of Agriculture (DA) on financial assistance related to capital investment, pre & post harvest operations etc.; convenient packaging solutions which help in preserving shelf life & maintaining freshness; support given by international organizations like USAID for improving fish production through modern farming techniques etc. All these factors have resulted into steady growth prospects for Philippine sardine industry over forecast period 2025-2031
Despite being one the leading players in global canned food segment, some key challenges faced by Philippine???s sarding industry includes severe competition within local market from multi national companies like Del Monte Pacific Ltd., Century Pacific Food Inc., NutriAsia Foods Inc.; lack/insufficient storage capacities resulting into wastages during peak season when supply exceeds demand level ; environmental issues concerning water pollution caused due to increase usage fertilizers or pesticides used during aquaculture activities ; limited access financial institutions providing loan facility specifically designed for fisheries sector ; stringent regulations imposed by authorities regarding use chemicals & antibiotics during processing stage . These challenges can be addressed through proper implementation strategies adopted both government & private stakeholders along with proactive participation consumers towards sustainable development initiatives taken up time time again address various environmental concerns raised frequently
Major key players operating within this market space includes -- Del Monte Pacific Ltd., Century Pacific Food Inc., Nutriasia Foods Inc.. , GMA Network Inc.. , San Miguel Purefoods Co,.etc. Amongst all Century pacific foods inc occupies significant position it contributes approximately 35 % total sales generated from canned goods segment
Philippines Sardine |
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 Sardine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Sardine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Sardine Market - Industry Life Cycle |
3.4 Philippines Sardine Market - Porter's Five Forces |
3.5 Philippines Sardine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Sardine Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Philippines Sardine Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Philippines Sardine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Sardine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Sardine Market Trends |
6 Philippines Sardine Market, By Types |
6.1 Philippines Sardine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Sardine Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Philippines Sardine Market Revenues & Volume, By Fresh Sardine, 2018 - 2031F |
6.1.4 Philippines Sardine Market Revenues & Volume, By Frozen Sardine, 2018 - 2031F |
6.1.5 Philippines Sardine Market Revenues & Volume, By Canned Sardine, 2018 - 2031F |
6.1.6 Philippines Sardine Market Revenues & Volume, By Sardine Meals, 2018 - 2031F |
6.2 Philippines Sardine Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Philippines Sardine Market Revenues & Volume, By Sardinops Caeruleus, 2018 - 2031F |
6.2.3 Philippines Sardine Market Revenues & Volume, By Sardinella Longiceps, 2018 - 2031F |
6.2.4 Philippines Sardine Market Revenues & Volume, By Sardinella Gibbosa, 2018 - 2031F |
6.2.5 Philippines Sardine Market Revenues & Volume, By Sardinella Aurita, 2018 - 2031F |
6.2.6 Philippines Sardine Market Revenues & Volume, By Sardina Pilchardus, 2018 - 2031F |
6.2.7 Philippines Sardine Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Philippines Sardine Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Sardine Market Revenues & Volume, By Food Processing, 2018 - 2031F |
6.3.3 Philippines Sardine Market Revenues & Volume, By Animal Feed, 2018 - 2031F |
6.3.4 Philippines Sardine Market Revenues & Volume, By Dietary Supplements, 2018 - 2031F |
6.3.5 Philippines Sardine Market Revenues & Volume, By Others, 2018 - 2031F |
6.4 Philippines Sardine Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Sardine Market Revenues & Volume, By Direct Sales, 2018 - 2031F |
6.4.3 Philippines Sardine Market Revenues & Volume, By Indirect Sales, 2018 - 2031F |
7 Philippines Sardine Market Import-Export Trade Statistics |
7.1 Philippines Sardine Market Export to Major Countries |
7.2 Philippines Sardine Market Imports from Major Countries |
8 Philippines Sardine Market Key Performance Indicators |
9 Philippines Sardine Market - Opportunity Assessment |
9.1 Philippines Sardine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Sardine Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Philippines Sardine Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Philippines Sardine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Sardine Market - Competitive Landscape |
10.1 Philippines Sardine Market Revenue Share, By Companies, 2024 |
10.2 Philippines Sardine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |