Sunday, February 25, 2018
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

OILS AND FATS

Type- & region-wise differentiation in Filipino cooking oil mkt report
Monday, 29 January, 2018, 08 : 00 AM [IST]
Ken Research’s report, titled Philippines Cooking Oil Market by Type (Palm, Coconut, Soyabean, Canola, Corn and Others) and by Region (Luzon, Visayas and Mindanao) - Outlook to 2021, provided a comprehensive analysis of the cooking oil market in the Philippines.

It covered aspects such as the market size of the Philippines cooking oil market, market segmentation on the basis of major regions, distribution channels and by end users. It also covered the competitive landscape, government regulations, customer preferences and value chain analysis of the cooking oil market in the Philippines.

In addition to this, the report also covered company profiles and product portfolios of major players. It will help industry consultants, cooking oil manufacturers and traders, distributors, potential entrants and other stakeholders to align their market-centric strategies, according to the ongoing and expected trends in the future.

Philippines cooking oil market introduction
As of 2016, the Philippines is one of the largest exporters of coconuts and coconut oil in the world. However, coconut oil has now become a more export oriented commodity and is used less for domestic consumption purposes.

It is gradually being replaced by palm oil in the recent years. The cooking oil market in the Philippines has increased from ~ thousand ton in 2011 to ~ thousand ton in 2016 on account of increase in the food demand by the growing number of households and expanding health-conscious middle-class in the country.

Philippines cooking oil market segmentation
By region

The Luzon region in the Philippines has gathered the largest share of ~ per cent in terms of the total consumption volume of cooking oil.

The major reason behind this has been that this region comprises the highest number of hotels, guest houses and households in the Philippines. As of December 4, 2017, there are ~ hotels, ~ guest houses, ~ specialty lodging and ~ holiday rental units.

Visayas and Mindanao have gathered a consumption share of ~ per cent and ~ per cent in 2016, respectively.

By type of cooking oil
The different type of cooking oil in the Philippines cooking oil market include palm oil, coconut oil, soybean oil, canola oil, corn oil and others.

The palm oil has gathered the largest share of ~ per cent in the Philippines cooking oil market with a consumption of ~ thousand metric tons in 2016.

It has the largest share, as it is readily available and is reasonably priced (the average retail price prevailing in 2016 was PHP ~ per litre).

The Philippines have been one of the largest producers of coconut oil globally, but its share in the domestic consumption remains lower to around ~ per cent during 2016.

In the past five years, the average imports of soybean oil has been over ~ ton each year. Soybean oil has accounted for a consumption volume share of ~ per cent in 2016.

Canola oil is only preferred by high-income customers which are extremely health-conscious as it is more expensive than other oils.

Canola oil and corn oil have captured a consumption volume share of ~ per cent and ~ per cent, respectively, during 2016.

By end users
The end users in the Philippines’ cooking oil market include the commercial and the residential sector.

The cooking oil consumption from the commercial sector includes the manufacturers of packaged foods, hotel chains and hawkers.

The commercial sector has accounted for the lion’s share of the total consumption volume of cooking oil in the Philippines. This has been on account of the bulk purchases made by these entities.

The cooking oil consumption from the residential sector includes the consumption of the households.

The residential sector has comprised of a minor share of only ~ per cent in the total consumption volume of cooking oil in the Philippines.

By distribution channel
The different distribution channels include traditional markets, direct sale by manufacturers and traders and distributors, supermarkets and hypermarkets and through online websites.

The traditional markets in the Philippines include the wet markets and sari-sari stores/mom-and-pop stores.

These traditional markets have accounted for the share of ~ per cent in the consumption volume during 2016 as they provide products at lower prices than those in supermarkets.

The direct sale by manufacturers and traders and distributors has accounted for the second largest share of ~ per cent in the total volume sales of cooking oil in the Philippines.

Supermarkets and hypermarkets have gathered a volume share of ~ per cent. They are mostly located inside shopping malls, department stores or within a commercial complex.

Online channels have accounted for the lowest share of ~ per cent in the total volume sales in Philippines during 2016. The major online sites through which oil is sold include Lazada, Zalora and others.

Competition scenario in the Philippines cooking oil market
The Philippines cooking oil market is traditionally dominated by the unorganised sector on account of providing the cooking oil at a lower cost than the organised players in the industry.

The major organised players include Minola, Golden Fiesta, Baguio, Marca Leon and others. They face tough competition from the unorganised market entities. These organised players compete majorly on the basis of price, packaging and types of products offered.

Future outlook and projections for the Philippines cooking oil market
It has been anticipated that the consumption of cooking oil will rise from ~ thousand ton in the year 2017 to ~ thousand ton in the year 2019.

The expected increase in the demand for cooking oil will be on account of the amplifying number of households in the country.

The total number of households are expected to increase from ~ million 2017 to ~ million in 2019.

In the long-term the market for cooking oil in the Philippines is anticipated to increase from ~ thousand ton in the year 2019 to ~ thousand ton in the year 2021.

The major growth in the Philippines food manufacturing industry in the period between 2019 and 2021 will increase the Philippines cooking oil market.

The food manufacturing industry is estimated to grow from $ ~ million in 2019 to $ ~ million in 2021.  Canola oil and blended oils will be the upcoming oils in the country.

The following are the key topics covered in the report:
  • The Philippines cooking oil market overview
  • Value chain in the cooking oil market
  • The Philippines cooking oil market size by value and volume (2011-2016)
  • The Philippines cooking oil market segmentation on the basis of major regions, distribution channel, end users and by type of cooking oil
  • Investment model to set up a coconut oil refinery in the Philippines
  • Company profile of major players in the Philippines cooking oil market
  • Trends, developments, growth drivers, restraints and government regulation in the Philippines cooking oil market
  • The Philippines cooking oil market future outlook and projections
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
 

 
 
Food and Beverage News ePaper
 
 
FiA2018_Webbanner150x60
 
VF118_Banner_150x60_E_D2
 
VFE18-banner-150x60
 
Advertise Here
 
 
Interview
“Ingredients’ moisture and slow heat used to cook; It’s very healthy”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
Advertise Here
 
Advertise Here
 
Recipe for Success
"Adaptability to Indian conditions made us look at capers," says Arakal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd