“Growing
awareness for nutritional management for infants has led many working parents
within the Philippines to adopt for healthier organic baby food options in the
country.”
Population
Growth in the Philippines:
The Filipino population has crossed around 100 million in the recent years
along with its baby population (i.e. 0-4 years) has been evaluated at around
11.5 million as of 2017. In addition to that, heavy promotions done by baby
food manufacturers such as discounts, cash-backs, free sampling and other
complementary offers have been driving baby food sales in the Philippines.
Companies also partner with different entities such as schools. For instance,
Reckitt Benckiser promotes its baby food products through branding and
collaborating with schools, events and also provides samples.
The
government of Philippines has been promoting breast feeding in the country. Favorable government regulations such
as “lactation station” and maternity leaves have widely benefitted the female
working force by providing them with a greater work-life balance. Also, the
government is implementing additional policies such as promotion of
breastfeeding substitutes as well as distribution of free samples and health
workers by working in line with baby food companies. Due to this, people are
discouraged to buy infant milk formula thus, impacting the market demand.
Major
Players:
Some of the major players operating within the Philippines baby food market
include renowned international companies such as Nestlé SA, Reckitt Benckiser
Group Plc, Abbott Laboratories, and others. Their business operations have been
further segmented on the basis of baby food categories such as dried baby food,
prepared baby food, milk formula and others. Mead Johnson Philippines (now RB
Group) was observed to grab second position whereas Nestle took lead in terms
of revenue in the year 2018. Milk formula segment was largely dominated by Mead
Johnson Philippines. As a result of which, milk formula is expected to remain a
competitive segment for multinational companies.
Launch of
Innovative Products:
The market also witnessed to be flourishing along with the integration and
launching of new baby food products. Major companies such as Mead Johnson has
reformulated Enfagrow A+ Four and now includes MFGM (Milk Fat Globule
Membrane), which effectively made milk formula closer to breast milk in terms
of health benefits. Conversely, the degree to which consumers believe that milk
formula is safe to use is becoming increasingly significant in the country,
especially for working mothers. Additionally, new packaging innovations were
also initiated in the market by major firms as a unique strategy to gauge more
customer attention. For instance, baby food pouches became quite popular and
their popularity was largely driven by their ease of use and flexibility among
consumers.
Analysts at Ken Research in their latest
publication “Philippines
Baby Food Market Outlook to 2023 – By Food Category (Infant Milk Formula, Dried
Baby Food, Prepared Baby Food and Other Baby Food), By Nature (Inorganic and
Organic Foods), By Age Group (0-6 months, 6-12 months and 12+ months) and By
Distribution Channel (Health and Wellness Retailers, Supermarkets, Small
Grocery Stores, Hypermarkets, E-commerce Portals and Convenience Stores”
believe that with adopting internet retailing, emphasizing on organic baby
food, tie-ups with authorized distributors, developing innovative baby food
product variants and developing small packaging will create a positive impact
on the sale of the baby food within the Philippines. The market is expected to
register a positive CAGR of 6.4% in terms of the revenue generated during the
forecasted period 2019-2023
Key Segments
Covered:
By Food
Category:
Milk Formula
Growing-Up Milk Formula (Above 12 Months)
Follow on Milk Powdered Formula (6-12 Months)
Standard Milk Powdered Formula (0-6 Months)
Special Milk Formula
Dried Baby Food
Prepared Baby Food
Other Baby Food (Cereal based, snacks and
rest)
By Nature:
Inorganic Baby Food
Organic Baby Food
By Age
Group:
0-6 months
6-12 months
12+ months
By
Distribution Channel:
Health and Beauty Specialist Retailers
Supermarkets
Independent Small Grocers
Hypermarkets
Internet Retailing
Convenience Stores
Time Period Captured
in the Report:
Historical
Period
– 2013-2018
Forecast
Period
– 2019-2023
Companies
Covered:
Nestlé Philippines Inc
Reckitt Benckiser Group Plc (RB)
Abbott Laboratories
Other Players (DMK Deutsches Milchkontor GmbH,
Holle Baby Food GmbH, United Pharmaceuticals SA and rest)
Brands
Covered in the Report:
Lactum (Reckitt Benckiser Group)
Nido (Nestlé SA)
Enfamil (Reckitt Benckiser Group)
Promil (Nestlé SA)
Nan (Nestlé SA)
Nestogen (Nestlé SA)
Alacta (Reckitt Benckiser Group)
Enfagrow (Reckitt Benckiser Group)
S-26 (Nestlé SA)
Bonamil (Nestlé SA)
Others
Key Topics
Covered in the Report
Philippines Baby Food Market
Philippines Baby Food Market Research Report
Baby Food Market in Philippines
Philippines Baby Food Industry Research Report
Philippines Baby Food Sales
Philippines Baby Food Revenue
Philippines Infant Milk Formulae Market
Prepared Baby Food Philippines
Dry Baby Food Philippines
Milk Formula Sales Philippines
Organic Baby Food Sales Philippines
Inorganic Baby Food Revenue Philippines
Philippines Baby food Ingredients
Competition Philippines Baby Food
International Players Philippines Baby Food
Domestic Players Philippines Baby Food
Philippines Baby Food Forecast
Infant Food Sales Philippines
Infant growth chart Philippines
Philippines Baby Food Growth
Philippines Baby Food Genesis
Cereal Baby Food Revenue Philippines
Cereal Baby Food Philippines
Trends Philippines Baby Food
Challenges Philippines Baby Food Market
Regulations Philippines Baby Food
Baby Food Import Philippines
Baby Filipino Working Mother
Toddler Nutrition Market Philippines
Pediatric Nutrition Market Philippines
Baby Food Statistics Philippines
Baby Nutrition Growth Philippines
Nestlé SA Baby Food Philippines
Mead Johnson Nutrition Co Baby Food
Philippines
HiPP Group Baby Food Philippines
Hero Group GmbH Baby Food Philippines
Success Factors Philippines Baby Food
For more
information, refer to below link:
Related
Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
No comments:
Post a Comment