The Philippines baby food market is poised for moderate growth, projected to increase from USD 1,029.2 million in 2023 to USD 1,493.3 million by 2029, achieving a CAGR of 6.4% during the forecast period. The baby food market in the Philippines is driven by the increasing urbanisation and rising middle class. As more families move to cities and adopt modern lifestyles, the demand for convenient and ready-to-feed baby food products has risen. The growing awareness of early childhood nutrition and the importance of providing well-balanced diets to infants is also contributing to the market’s growth. Additionally, there is a noticeable shift towards organic and fortified baby foods, with parents prioritising products that are both nutritious and made from natural ingredients. The expansion of retail and e-commerce channels is further boosting accessibility to a wide range of baby food products.
This report presents a detailed overview of the Philippines baby food industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, category and distribution channel. This detailed analysis supports the identification of growth opportunities within the baby food industry.
Market Segmentation
The Philippines baby food market is structured as follows:
Product type: dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk, special milks), other baby food
Category: conventional, organic
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, health and beauty stores, e-commerce, others
The baby food market in the Philippines is segmented by product type, category and distribution channel. The categorization of the market by product type includes dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk, special milks), and other baby food. Category segments are divided into conventional, and organic. Distribution channel segmentation comprises convenience stores, supermarkets and hypermarkets, small grocery stores, health and beauty stores, e-commerce, and others.
Competitive Landscape
Major participants in the baby food market comprise Reckitt Benckiser Group plc (RB), Nestle S.A. and Abbott Laboratories. The report provides a detailed assessment of prominent companies within the baby food market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines baby food market.
Gain in-depth analysis and forecasts for the key segments of the Philippines baby food market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines baby food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines baby food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Philippines Baby Food Market – Product Type Analysis
Philippines Baby Food Market – Category Analysis
Philippines Baby Food Market – Distribution Channel Analysis
Key Players and Market Share
– Reckitt Benckiser Group plc (RB)
– Nestle S.A.
– Abbott Laboratories
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Philippines Baby Food Market 2019-2029
Chart Philippines Baby Food Market, Net Growth, 2019-2029
Chart Philippines Baby Food Market, Growth Rates, 2019-2029
Table Philippines Baby Food Market by Product Type, 2019-2029
Chart Philippines Baby Food Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines Baby Food Market by Product Type, 2019-2029
Table Philippines Baby Food Market by Category, 2019-2029
Chart Philippines Baby Food Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Philippines Baby Food Market by Category, 2019-2029
Table Philippines Baby Food Market by Distribution Channel, 2019-2029
Chart Philippines Baby Food Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Philippines Baby Food Market by Distribution Channel, 2019-2029
Table Philippines Baby Food Market Share (%), by Companies, 2019-2023
Chart Philippines Baby Food Market, by Companies, 2023
Table Philippines Baby Food Market Share (%), by Brands, 2019-2023
Chart Philippines Baby Food Market, by Brands, 2023
Table Philippines – Population (Millions) and Forecast
Table Philippines – Consumer Price Index (CPI) and Forecast
Table Philippines – Gross Domestic Product and Forecast
Table Philippines Baby Food Market: Spend as a Proportion of GDP (%)
Table Philippines Baby Food Market: Consumption per Capita (Population)
Companies Mentioned
Reckitt Benckiser Group plc (RB)
Nestle S.A.
Abbott Laboratories