Philippines Cooking and Edible Oils Market 2025

Anticipated trends indicate that the Philippines cooking and edible oils market will achieve incremental growth of USD 0.7 billion, translating to a CAGR of around 5.6% during the forecast period of 2025 to 2030. In the Philippines, palm oil serves as the bedrock of the edible oil market, shaped by price sensitivity, culinary tradition, and a foodservice sector that heavily depends on high-volume, heat-stable oils. With a population of over 110 million and one of Southeast Asia’s fastest-growing fast-food industries, demand for affordable and durable cooking oils has surged, positioning palm oil as the default choice across household and commercial kitchens alike. Imports, predominantly from Malaysia and Indonesia, fuel the domestic supply chain, while local refiners and repackers ensure that palm olein—the liquid component of palm oil—is accessible even in remote rural markets. The oil’s high smoke point and cost efficiency provide an optimal solution for deep-frying-intensive cuisine, particularly dishes such as lumpia, lechon kawali, and street-vendor fried snacks.

The government’s strategic stance on food security and trade alignment with ASEAN has reinforced palm oil’s dominance. Tariff structures remain favorable, and large food processors, including multinational snack manufacturers and quick-service restaurant chains, continue to embed palm-based oils into their production lines due to its long shelf life and consistent cooking properties. Local brand proliferation, often in the form of low-cost fortified blends, further entrenches palm oil within the consumer psyche. Efforts to introduce healthier alternatives have gained limited traction in the mainstream market, as cost remains a primary driver for the majority of Filipino consumers. Nevertheless, a parallel trend is emerging in urban centers like Metro Manila and Cebu, where segments of the middle class are beginning to explore alternatives such as canola or sunflower oil, motivated by growing awareness of cardiovascular health and dietary balance. Still, palm oil’s structural advantage across price, volume, and availability ensures its unshaken dominance in the Philippines’ cooking oil hierarchy, even as the market begins to stratify along socio-economic lines.

This report delivers a comprehensive analysis and forward-looking perspective on the Philippines cooking and edible oils market, spanning historical data from 2020 to 2024 and market projections through 2030. By examining market size, growth rates, and segmented insights, the report highlights the dynamic shifts and emerging trends shaping the industry. It provides a granular breakdown across key dimensions, including product, packaging type and distribution channel, offering stakeholders a detailed roadmap for strategic decision-making.

Market Segmentation

The Philippines cooking and edible oils market is classified into the following segments:
Product: olive oil, corn oil (maize oil), palm oil, rapeseed oil (canola oil), soybean oil, sunflower oil, others
Packaging type: flexible packaging, glass bottles, plastic bottles
Distribution channel: e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, others

In Philippines, the cooking and edible oils market is segmented by product, packaging type and distribution channel. By product, the market features olive oil, corn oil (maize oil), palm oil, rapeseed oil (canola oil), soybean oil, sunflower oil, and others. Packaging type segments encompass flexible packaging, glass bottles, and plastic bottles. Distribution channel segmentation comprises e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, and others.

Competitive Landscape

The report profiles major companies, including A.D. Gothong Manufacturing Corporation, Fly Ace Corporation, International Oil Factory, Malabon Soap & Oil Industrial Co. Inc., Nutri-Asia Inc. (formerly Southeast Asia Food Inc.), PT Indofood Sukses Makmur Tbk and United Coconut Oil Mills Inc. (UNICOM). This analysis offers a comprehensive overview of the main players in the cooking and edible oils market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Philippines cooking and edible oils market.
Gain in-depth analysis and forecasts for the key segments of the Philippines cooking and edible oils market: product, packaging type 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 cooking and edible oils market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines cooking and edible oils 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
Market Segmentation
Market Overview
Philippines Cooking and Edible Oils Market – Product Analysis
Philippines Cooking and Edible Oils Market – Packaging Type Analysis
Philippines Cooking and Edible Oils Market – Distribution Channel Analysis
Company Shares Analysis
A.D. Gothong Manufacturing Corporation
Fly Ace Corporation
International Oil Factory
Malabon Soap & Oil Industrial Co., Inc.
Nutri-Asia, Inc. (formerly Southeast Asia Food, Inc.)
PT Indofood Sukses Makmur Tbk
United Coconut Oil Mills, Inc. (UNICOM)
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Philippines Cooking and Edible Oils Market 2020-2030
Chart Philippines Cooking and Edible Oils Market, Net Growth, 2020-2030
Chart Philippines Cooking and Edible Oils Market, Growth Rates, 2020-2030
Table Philippines Cooking and Edible Oils Market by Product, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Product, 2020-2030
Table Philippines Cooking and Edible Oils Market by Packaging Type, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Packaging Type, CAGR Historic and Forecast, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Packaging Type, 2020-2030
Table Philippines Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Philippines Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Table Philippines Cooking and Edible Oils Market Share (%), by Companies, 2020-2024
Chart Philippines Cooking and Edible Oils Market, by Companies, 2024
Table Philippines Cooking and Edible Oils Market Share (%), by Brands, 2020-2024
Chart Philippines Cooking and Edible Oils Market, by Brands, 2024
Table Philippines – Population (Millions) and Forecast
Table Philippines – Consumer Price Index (CPI) and Forecast
Table Philippines – Gross Domestic Product and Forecast
Table Philippines Cooking and Edible Oils Market: Spend as a Proportion of GDP (%)
Table Philippines Cooking and Edible Oils Market: Consumption per Capita (Population)

Companies Mentioned

A.D. Gothong Manufacturing Corporation
Fly Ace Corporation
International Oil Factory
Malabon Soap & Oil Industrial Co., Inc.
Nutri-Asia, Inc. (formerly Southeast Asia Food, Inc.)
PT Indofood Sukses Makmur Tbk
United Coconut Oil Mills, Inc. (UNICOM)