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.
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.
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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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.
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 DefinitionsThis report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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