PROSPECTS AND OPPORTUNITIES
Remote working and economic shifts expected to propel growth in packaging volumes for meals and soups
Total meals and soups retail packaging volumes in the Philippines are forecast to grow at a compound annual growth rate (CAGR) of 3% over the forecast period to 2029, reaching 204 million units. This growth will be driven by shifting consumer habits and broader socioeconomic trends.
Solid growth anticipated amid local innovation and digital disruption
The competitive landscape in meals and soups in the Philippines' is anticipated to become increasingly dynamic and diversified over the forecast period. Local players are expected to strengthen their presence by introducing affordable, culturally relevant products that cater to Filipino tastes.
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Overview:
Understand the latest market trends and future growth opportunities for the Meals and Soups Packaging 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.
If you're in the Meals and Soups Packaging 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 Meals and Soups Packaging in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- 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 Meals and Soups Packaging in Philippines?
- Which are the major pack types and how are they performing in Philippines?
- Have there been any packaging legislative changes in the past 12 months?
- How are consumption trends impacting the packaging landscape?
- What are the key trends and latest product developments in packaging?
- How important are sustainability and recycling to consumers in Philippines?
- Where is future growth expected to be most significant?
Meals and Soups Packaging in the Philippines
KEY DATA FINDINGS
Lifestyle shifts drive a surge in meals and soups packaging volumes
Metal food cans gains ground in soup, while plastic pouches sees the strongest growth in ready meals
JR Foods pioneers paper-based trays for its microwaveable ready meals
Remote working and economic shifts expected to propel growth in packaging volumes for meals and soups
Solid growth anticipated amid local innovation and digital disruption
DISCLAIMER
The following categories and subcategories are included:
Meals and Soups Packaging
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Meals and Soups Packaging research and analysis database.
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