Philippines Dairy Market Size & Share

Philippines Dairy Market Report by Product Type (Liquid Milk, Flavored Milk, Cream, Butter, Cheese, Yoghurt, Ice Cream, Anhydrous Milk Fat (AMF), Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Whey Protein, Lactose Powder, Curd, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A23612

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Philippines Dairy Market Overview:

The Philippines dairy market is projected to exhibit a growth rate (CAGR) of 6.50% during 2024-2032 The increasing demand for nutritious and diverse dairy products, rapid urbanization, increasing disposable incomes, enhanced retail infrastructure, government initiatives supporting local dairy production, and expanding health consciousness among consumers are some of the major factors propelling the market growth.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	6.50%

Philippines Dairy Market Trends:

Rising Need for Nutritious and Protein-Rich Foods

The growing demand for nutritious and protein-rich foods among consumers is acting as a major growth-inducing factor. Dairy products such as milk, cheese, yogurt, and butter are increasingly favored for their health benefits, contributing significantly to market growth. According to the Food and Agricultural Organization (FAO), protein-energy malnutrition (PEM) and micronutrient deficiencies remain the leading nutritional problems in the Philippines. The general declining trend in the prevalence of underweight, stunting, and wasting among Filipino children noted in the past 10 years was countered by the increase in the prevalence rate in 1998. About 4 million (31.8%) of the preschool population were found to be underweight for age, 3 million (19.8%) adolescents and 5 million (13.2%) adults, including older persons were found to be underweight and chronically energy deficient, respectively.

Growing Urbanization and Lifestyle Changes

Rapid urbanization in the Philippines is leading to lifestyle changes, with more consumers opting for convenient and ready-to-consume dairy products. The urban population tends to have higher disposable incomes and a preference for diverse and convenient food options, including dairy. According to the Asian Development Bank, the importance of cities in national development is expected to increase as the country continues to urbanize. As of 2015, 51.2% of Filipinos were already residing in urban areas. They are spread in over 7,437 urban barangays out of the country’s then total of 42,036 barangays. Overall, 67.12% of the population in all cities throughout the country are living in urban areas. From 2010 to 2020, the total population in all 146 cities nationwide has increased by 19.27%, on average. Along with the increase in the number of urban dwellers is the rise in the number of cities throughout the country over the years.

Philippines Dairy Market News:

In May 2024, Department of Trade and Industry (DTI) Secretary Fred Pascual engaged with officials of Baladna to discuss their potential investment in establishing a large-scale, fully integrated dairy facility in the Philippines. He cited that this strategic investment aligns with the country’s pursuit of self-sufficiency in food and milk production.

In March 2024, Qatar’s largest livestock and dairy producer, the Baladna Qatar Public Shareholding Company, announced that it is seeking business partners for its ventures in the Philippines. The Philippine Chamber of Commerce and Industry (PCCI) newsletter released on Friday said Baladna is searching for partners for its ventures here – the Safe Innovation Hub and Mariculture Park in Sual, Pangasinan; General Santos City Agro-Industrial Hub; Cotabato Agro-Industrial Park; and South Cotabato Integrated Food Terminal.

Philippines Dairy Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type.

Product Type Insights:

Liquid Milk
Flavored Milk
Cream
Butter
Cheese
Yoghurt
Ice Cream
Anhydrous Milk Fat (AMF)
Skimmed Milk Powder (SMP)
Whole Milk Powder (WMP)
Whey Protein
Lactose Powder
Curd
Others

The report has provided a detailed breakup and analysis of the market based on the product type. This includes liquid milk, flavored milk, cream, butter, cheese, yoghurt, ice cream, anhydrous milk fat (AMF), skimmed milk powder (SMP), whole milk powder (WMP), whey protein, lactose powder, curd, and others.

Region Insights:

Luzon
Visayas
Mindanao

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Philippines Dairy Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type Region
Product Types Covered	Liquid Milk, Flavored Milk, Cream, Butter, Cheese, Yoghurt, Ice Cream, Anhydrous Milk Fat (AMF), Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Whey Protein, Lactose Powder, Curd, Others
Regions Covered	Luzon, Visayas, Mindanao
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Philippines dairy market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Philippines dairy market?
What is the breakup of the Philippines dairy market on the basis of product type?
What are the various stages in the value chain of the Philippines dairy market?
What are the key driving factors and challenges in the Philippines dairy?
What is the structure of the Philippines dairy market and who are the key players?
What is the degree of competition in the Philippines dairy market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Philippines dairy market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines dairy market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Philippines dairy industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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