Consumer foodservice in 2024: The big picture
In 2024, consumer foodservice in the Philippines showed resilience, driven by the country’s growing middle class and their increasing preference for dining out as the local economy strengthens. The category grew steadily, with local consumers continuing to prioritise experiences and convenience in their dining choices.
2024 key trends
With the revival of eat-in behaviour, delivery inevitably declined in current value terms in 2024. However, food deliveries have become incorporated into the everyday lives of Filipino consumers.
Competitive landscape
The competitive landscape in 2024 remained dynamic. Jollibee Foods Corp remained the leading player in consumer foodservice overall, ahead of multinational McDonald’s, underpinned by the success of its eponymous brand.
Independent foodservice developments
Independent consumer foodservice in the Philippines registered significantly slower growth across all metrics in 2024, as the impact of inflation meant that players were forced to pass on some of their increased operating costs to consumers.
What next for consumer foodservice?
Looking ahead, consumer foodservice in the Philippines is expected to continue to enjoy steady growth as Filipinos become increasingly willing to spend on eating out and experiences in general. This will be the result of lessening inflationary pressures, which will have a positive impact on household spending.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Cafés/Bars
- Full-Service Restaurants
- Limited-Service Restaurants
- Self-Service Cafeterias
- Street Stalls/Kiosks
- Consumer Foodservice by Location
If you're in the Consumer Foodservice industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice in Philippines?
- Which are the leading brands in Consumer Foodservice in Philippines?
- How are multinational and local operators competing and expanding in Philippines?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice in Philippines?
- How is the Consumer Foodservice industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice in Philippines? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice in the Philippines
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
Cafés/Bars in the Philippines
KEY DATA FINDINGS
Increase in consumer mobility sustains growth of café/bars
Coffee industry in the Philippines faces significant challenges in 2024
Affordable coffee is on the rise, driven by grab-and-go start-ups
Players will explore new formats, helping cafés/bars to sustain growth
Starbucks will continue to lead the category amid increasing competition from smaller players
Convenience stores could pose a threat to coffee shops in the coming years
Full-Service Restaurants in the Philippines
KEY DATA FINDINGS
Full-service restaurants maintain stability with local and international growth
Expansions and new concepts reflect positive outlook
Balancing dine-in and off-premise services remains key for growth
Continued growth expected as players look to expand into untapped locations
Arrival of international players illustrates potential in the Philippines
Restaurants may face financial strain due to fake PWD card misuse
Limited-Service Restaurants in the Philippines
KEY DATA FINDINGS
Continued strong performance for limited-service restaurants in 2024, despite impact of inflation
Enhancing convenience and value in foodservice are key
Players seek to sustain growth by expanding into previously untapped areas and offering more value for money
Improving economic conditions will have a positive impact on sales
Fast food delivery fuels category growth with AI innovations
Emerging focus on sustainability and inclusivity
Self-Service Cafeterias in the Philippines
KEY DATA FINDINGS
Moderate growth for street stalls/kiosks in 2024 as competition intensifies
Milk tea remains a popular beverage in the Philippines but faces saturation
Franchising remains a key driver of category growth
Ongoing popularity of milk tea and grab-and-go coffee kiosk format will fuel further growth
Players will focus on building their digital presence to compete effectively
Optimistic outlook for street stalls/kiosks in the years ahead
Consumer Foodservice By Location in the Philippines
KEY DATA FINDINGS
Solid performance for consumer foodservice by location in 2024
Mall expansion expands opportunities for players
Fulfilment strategies visible across all locations
Foodservice through travel will see robust growth, while more stand-alone outlets are likely to emerge
More retail spaces are expected as real estate companies expand into unserved areas
Foodservice players will continue to explore additional formats to expand their reach
The following categories and subcategories are included:
Consumer Foodservice
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- Chained Consumer Foodservice
- Independent Consumer Foodservice
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- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
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- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
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- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
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- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
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- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
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- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
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- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
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- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
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- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
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- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
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- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
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- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
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- Takeaway Online Ordering
- Takeaway Offline Ordering
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- First-Party Delivery Services
- Third-Party Delivery Services
- Delivery Offline Ordering
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- Drive-Through
- Eat-In
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- Takeaway Online Ordering
- Delivery Online Ordering
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- Takeaway Offline Ordering
- Delivery Offline Ordering
- Drive-Through
- Eat-in
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Consumer Foodservice
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Consumer Foodservice research and analysis database.
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