Showing posts with label Philippines Baby Food Market Research Report. Show all posts
Showing posts with label Philippines Baby Food Market Research Report. Show all posts

Wednesday, July 17, 2019

Philippines Baby Food Market Research Report & Market Forecast To 2023: Ken Research


How Baby Food Market Is Positioned in the Philippines?
The Philippines, a country located in the Southeast Asia; situated in the western Pacific Ocean is further divided into 3 main geographical divisions from north to south with Manila as the capital city. Filipino and English are the official language of Philippines and, its currency is Philippine peso (PHP). The Philippines Baby Food Market was observed in a growing stage with slow growth pattern during the review period 2013-2018. The increasing awareness among parents for healthier products for their children has encouraged the demand for organic baby food in the country. In the era of increasing digitization and globalization, a shift in sale of baby food items from offline stores to online channels is expected in the near future as type of online channels reduces the time and effort spent in purchasing. The country reported ~ million internet users in 2018. Majority of the products are imported in the Philippines baby food market by international players. International players and domestic players, both are using non-store and store based retailers to connect with the target customers. An average margin prevailing in the industry from a local company to distributer ranges between ~%-~% within Philippines baby food market.

During the review period 2016-2018, decline in growth rate was observed in Philippines baby food market due to high domestic inflations and weak global trades. Despite the decline, the baby food market is expected to recover in 2019. Major growth drivers include rising food / household expenditure, increasing awareness among the parents to provide their babies with healthier food options, rise in the internet retailing and other factors. Combining all the above mentioned factors, the Philippines baby food market grew at a positive five year CAGR during 2013-2018.

Philippines Baby food Market Segmentation
By Food Category (Milk Formula, Dried Baby Food, Prepared Baby Food, and Other Baby Food): Milk formula captured the majority of the market share in Philippines in 2018 owing to its substitution for breastfeeding in the country. The remaining market share was captured by the dried baby food, prepared baby food and other baby food products during 2018. Other baby food segment includes biscuits, rusks, and snacks.

Among milk formula type, growing-up milk formula dominated the Philippines baby food market followed by follow-on milk powdered formula, standard milk powdered formula and special milk formula.

By Age Group (0-6 months, 6-12 months and 12+ months): Age group of 12+ months captured the majority of the market share in Philippines in 2018 owing to higher consumption of growing-up formula products. The remaining market share was collectively captured by 6-12 months and 0-6 months’ age group during the year 2018.

By Type of Distribution Channel (Health and Beauty Specialist Retailers, Supermarkets, Independent Small Grocers, Hypermarkets, Internet Retailing and Convenience Stores): Majority of the baby food sales are made through health and beauty specialist retailers as well as supermarkets majorly due to the high preference for modern stories with popular brands and multiple variants. The remaining distribution channels include independent small grocers, hypermarkets, internet retailing and convenience stores which collectively captured the remaining market share in the year 2018.

By Nature (Inorganic and Organic)
The Philippines baby food market during the year 2018 was majorly dominated by the inorganic baby food segment as it is widely available at a low cost when compared to organic baby foods in the Philippines. However, the growing awareness among the parents to provide healthy food to their babies has given a boost to organic baby food sales in the country.

Decision Making Criteria for Consumers to Purchase Baby Food in the Philippines
Baby food market is one of the highly sensitive markets where parents take good / high care on deciding on a particular product for their babies. Hence, decision making criteria’s plays important role in selection of products. Most important decision making criteria are the advice from Health Experts and word of mouth

Comparative Landscape in Philippines Baby Food Market
Competition within the Philippines baby food market was observed as highly concentrated along with the presence of three major manufacturers of baby food competing on parameters such as product variant, channels of distribution and price. The leading players in the market are two international companies of which one directly imports finished baby food products in Philippines and the other locally manufactures baby food within the Philippines. Domestic companies selling baby food products have negligible market share. In the year 2018, majority of the market share was held by Nestle and Reckitt Benckiser which collectively catered to ~% of the total market in terms of retail sales. Nestle S.A held a market share of ~% whereas the market shares of Reckitt Benckiser captured a market share of ~% in the year 2018. The remaining ~% of the market was captured by companies including Abbott Laboratories, Alaska Milk Corporation and HiPP GmbH & Co and others.

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

Keywords:-
Prepared Baby Food Market Philippines
Philippines Baby Food Market
Baby Food Market in Philippines
Baby Food Industry Philippines
Philippines Baby Food Sales Market
Dry Baby Food Market Philippines
Philippines Milk Formula Sales Market
Organic Baby Food Sales Philippines
Philippines Baby food Ingredients
Infant Growth Chart Philippines
Philippines Baby Food Genesis
Cereal Baby Food Revenue Philippines
Cereal Baby Food Market Philippines
Philippines Baby Food Revenue Streams
Hero Group GmbH Baby Food Philippines
Success Factors Philippines Baby Food
Philippines Baby Food Market Analysis

For more information, refer to below link:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Wednesday, July 3, 2019

Philippines Baby Food Market Outlook to 2023: Ken Research

The report titled “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” provides comprehensive information on the market overview and genesis, market segmentation by food category (milk formula, dried baby food, prepared baby food and other baby food) and its sub types; by nature (inorganic and organic foods), by age group (0-6 months, 6-12 months and 12+ months) and by channel of distribution. The report also covers market ecosystem, value chain analysis, comparative landscape, trends and developments, issues and challenges, decision making criteria for customers while purchasing a baby food product, regulatory framework as well as SWOT analysis. The report concludes with future outlook of baby food industry in the Philippines and certain recommendations highlighting the success factors for entering and expanding the market.

Philippines Baby Food Market Overview and Size
The Philippines baby food market was observed in a growing stage wherein the market experienced slow growth during the review period 2013-2018. During 2016-2018, a decline in growth rate was observed in Philippines baby food market due to high domestic inflation and weak global trades. Despite the decline, the baby food market has started recovering after 2018. Major growth drivers include rising food / household expenditure, increasing awareness among the parents to provide their babies with healthier food options, rise in the internet retailing and other factors. The Philippines baby food market grew at a positive five year CAGR during the review period 2013-2018.

Philippines Baby Food Market Segmentation
By Food Category (Milk Formula, Dried Baby Food, Prepared Baby Food, and Other Baby Food): Milk formula captured the majority of the market share in the Philippines during 2018 owing to its substitution for breastfeeding, and low breast feeding ratio in the country. Among milk formula type, growing-up milk formula dominated the Philippines baby food market followed by follow-on milk powdered formula, standard milk powdered formula and special milk formula. The remaining market share was captured by the dried baby food, prepared baby food and other baby food products during 2018. Other baby food segment includes biscuits, rusks, and snacks

By Nature (Inorganic and Organic)
The Philippines baby food market during the year 2018 was majorly dominated by the inorganic baby food segment as it is widely available at a lower cost when compared with organically produced baby food. The growing awareness among the concerned parents to provide healthier food to their babies has given a boost to organic baby food sales in the country.

By Age Group (0-6 months, 6-12months and 12+ months): Age group of 12+ months captured the majority of the market share in the Philippines during 2018 owing to higher consumption of growing-up milk formula products. The remaining market share was captured by 6-12 months and 0-6 months’ age group in the year 2018.

By Distribution Channel (Health and Wellness Retailers, Supermarkets, Independent Small Grocers, Hypermarkets, E-commerce Portals and Convenience Stores): Majority of the baby food sales in the Philippines are made through health and beauty specialist retailers and supermarkets due to high preference for modern stories with popular brands and mixed variants. Remaining distribution channels include independent small grocers, hypermarkets, internet retailing and convenience stores which collectively captured the remaining market share in the year 2018.

Comparative Landscape in the Philippines Baby Food Market
Competition within the Philippines baby food market was observed as highly concentrated along with the presence of 3 major manufacturers (Nestle SA, Reckitt Benckiser Group Plc, Abbott Laboratories (Phils) Inc) of baby food competing on parameters such as product variants, channels of distribution and price. The leading players in the market are internationally recognized companies that either import baby food from outside the Philippines or produce products domestically. On the other hand, domestic companies selling baby food products have negligible market share.

Philippines Baby Food Market Future Outlook and Projections
The Philippines baby food market is predicted to grow in terms of revenue owing to rising infant population and growth in total number of working women which will collectively increase the sales of baby food in future. The market share of internet retail outlet is expected to rise in the near future as Filipinos will start preferring non-traditional channels of retailing in order to save time and money. The demand for the prepared baby food and other baby food products are going to rise in the coming future owing to nutritionals management and nutritional / dietary needs of the babies.

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
Stakeholders in the Philippines Baby Food Market
Philippines Baby Food Market Overview and Genesis
Value Chain Analysis in the Philippines Baby Food Market
Philippines Baby Food Market Size, 2013-2018
Philippines Baby Food Market Segmentation, 2014-2018
Snapshot on Emerging Baby Foods in the Philippines Baby Food Market
Trends and Developments in the Philippines Baby Food Market
Issues and Challenges in the Philippines Baby Food Market
Decision Making Criteria for Customers While Purchasing a Baby Food Product in the Philippines
Regulatory Framework in the Philippines Baby Food Market
SWOT Analysis of the Philippines Baby Food Market
Comparative Landscape in the Philippines Baby Food Market
Philippines Baby Food Market Future Outlook and Projections, 2019-2023
Analyst Recommendations in the Philippines Baby Food Market

For more information, refer to below link:

Related Reports



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249