According to the report by Expert Market Research (EMR), the Philippines dairy market size reached a value of USD 3.22 billion in 2023. Aided by the domestic production enhancements and the strategic importation of dairy products, the market is projected to further grow at a CAGR of 6.8% between 2024 and 2032 to reach a value of USD 5.84 billion by 2032.
The Philippines dairy industry, although relatively small in comparison to its global counterparts, is witnessing a dynamic shift towards self-sufficiency and enhanced production capabilities. In 2023, the industry recorded a modest yet significant growth, underpinned by the government’s concerted efforts through the Department of Agriculture’s National Dairy Authority (NDA) and the private sector’s pivotal role in ramping up local milk production.
One of the critical drivers propelling the Philippines dairy market growth trajectory is the increasing consumer awareness and preference for dairy-based nutritional products. This shift is largely attributed to the burgeoning middle class, coupled with the escalating health and wellness trend that underscores the importance of protein-rich diets, including milk and dairy products.
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Furthermore, the Philippine dairy industry is strategically leveraging technological advancements and innovative farming practices to enhance dairy production and processing. Initiatives such as the adoption of sustainable dairy farming technologies, improvements in cattle breeding, and the implementation of efficient supply chain mechanisms are instrumental in bolstering the industry’s growth prospects.
According to the Philippines dairy market analysis, the rise of the health-conscious consumer has led to an increased demand for organic and grass-fed dairy products, reflecting a broader trend towards natural and sustainable food sources. The industry is also witnessing a notable interest in plant-based dairy alternatives, catering to the growing vegan and lactose-intolerant population, thereby opening new avenues for market expansion.
The regulatory framework and government initiatives play a crucial role in shaping the Philippines dairy industry’s growth trajectory. Policies aimed at supporting the dairy sector’s development, such as tax incentives for dairy farmers, subsidies for dairy production inputs, and import regulations to protect local producers, are pivotal in fostering a conducive environment for industry growth. Furthermore, the government’s active involvement in facilitating technology transfer, capacity building, and access to finance for dairy farmers influences the Philippines dairy market outlook.
Philippines Dairy Market Segmentation
The market can be divided based on product.
Market Breakup by Product
- Fluid/UHT/Flavoured Milk
- Cream
- Butter
- Anhydrous Milk Fat (AMF)
- Skimmed Milk Powder/Non-Fat Dry Milk
- Whole Milk Powder
- Whey Protein (Powder and Concentrate)
- Lactose
- Casein
- Cheese
- Yoghurt
- Ice-Cream
- Probiotic Dairy Products
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Competitive Landscape Of Philippines Dairy Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Philippines dairy market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nestlé Philippines
- Alaska Milk Corporation
- Yakult Philippines Incorporated
- San Miguel Food and Beverage, Inc.
- Century Pacific Food Incorporated
- Mondelez International
- Fonterra Co-operative Group Limited
- Others
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