PROSPECTS AND OPPORTUNITIES
Retail and foodservice will see positive growth trajectory
The market for processed meat, seafood, and meat alternatives is projected to experience positive volume growth in both the retail and foodservice channels over the forecast period. This anticipated expansion is closely tied to the improving economic conditions in the Philippines, which are expected to bolster disposable incomes among consumers.
Meat alternatives are anticipated to gain traction
With increasing support for plant-based diets, the market for meat and seafood substitutes is poised for significant growth in the Philippines throughout the forecast period, albeit from a low base. Following the lead of industry players like Monde Nissin and San Miguel Foods, Nutri-Asia Inc has recently entered into a distribution agreement with Green Rebel, an Indonesian brand specialising in plant-based meat products.
Health and wellness trends will benefit processed seafood
As previously noted, the forecast period is expected to witness a significant rise in demand for healthier food options. While plant-based meat alternatives may appeal to some consumers, others may gravitate towards a pescatarian diet, favouring shelf-stable processed seafood and frozen seafood products.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat 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 a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat 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 Processed Meat, Seafood and Alternatives to Meat 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 Processed Meat, Seafood and Alternatives to Meat in Philippines?
- Which are the leading brands in Processed Meat, Seafood and Alternatives to Meat in Philippines?
- How are products distributed in Processed Meat, Seafood and Alternatives to Meat in Philippines?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Meat, Seafood and Alternatives to Meat?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Philippines?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Meat, Seafood and Alternatives To Meat in the Philippines - Category analysis
KEY DATA FINDINGS
Market remains resilient despite inflationary pressures
Purefoods-Hormel seeks new growth avenues
Processed seafood and tofu and derivatives seek to leverage health and wellness trend
Retail and foodservice will see positive growth trajectory
Meat alternatives are anticipated to gain traction
Health and wellness trends will benefit processed seafood
Staple Foods in the Philippines - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Meat, Seafood and Alternatives to Meat
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See all of our definitionsWhy 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 Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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