Philippines Ice Cream Market 2025$500.0
Forecasted to grow at a moderate pace, the Philippines ice cream market size is expected to reach USD 1,144.6 million by 2030, up from USD 709.4 million in 2024, resulting in a CAGR of 8.3%. The Philippines’ ice cream market is driven by a growing economy and a youthful population with a taste for indulgence. Increasing exposure to Western food culture is boosting the demand for premium and imported ice cream brands. Additionally, the market is seeing a rise in homegrown brands offering unique, local flavors that resonate with Filipino consumers.
This report delivers a comprehensive analysis and forward-looking perspective on the Philippines ice cream 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 type, product type, ingredient and distribution channel, offering stakeholders a detailed roadmap for strategic decision-making.
Market Segmentation
The Philippines ice cream market is classified into the following segments:
Type: dairy ice cream, water ice cream, others
Product type: frozen yoghurt, impulse ice creams, plant-based ice creams, take-home ice creams
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, foodservice channels, others
The ice cream market in the Philippines is segmented by type, product type, ingredient and distribution channel. By type, the market is categorized into dairy ice cream, water ice cream, and others. Product type segments are divided into frozen yoghurt, impulse ice creams, plant-based ice creams, and take-home ice creams. Ingredient segments comprise fats and oils, milk, sweeteners, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, foodservice channels, and others.
Competitive Landscape
Key players in the ice cream market consist of Unilever PLC, The Food People Inc. (TFPI), San Miguel Corporation, Nestle S.A., BTIC Inc., Binggrae Co. Ltd., Arcefoods Corporation and Aice Group Holdings Pte Ltd. This analysis offers a comprehensive overview of the main players in the ice cream 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 ice cream market.
Gain in-depth analysis and forecasts for the key segments of the Philippines ice cream market: type, product type, ingredient 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 ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines ice cream 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 Ice Cream Market – Type Analysis
Philippines Ice Cream Market – Product Type Analysis
Philippines Ice Cream Market – Ingredient Analysis
Philippines Ice Cream Market – Distribution Channel Analysis
Company Shares Analysis
Unilever PLC
The Food People, Inc. (TFPI)
San Miguel Corporation
Nestle S.A.
BTIC, Inc.
Binggrae Co., Ltd.
Arcefoods Corporation
Aice Group Holdings Pte Ltd.
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Philippines Ice Cream Market 2020-2030
Chart Philippines Ice Cream Market, Net Growth, 2020-2030
Chart Philippines Ice Cream Market, Growth Rates, 2020-2030
Table Philippines Ice Cream Market by Type, 2020-2030
Chart Philippines Ice Cream Market by Type, CAGR Historic and Forecast, 2020-2030
Chart Philippines Ice Cream Market by Type, 2020-2030
Table Philippines Ice Cream Market by Product Type, 2020-2030
Chart Philippines Ice Cream Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Philippines Ice Cream Market by Product Type, 2020-2030
Table Philippines Ice Cream Market by Ingredient, 2020-2030
Chart Philippines Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2020-2030
Chart Philippines Ice Cream Market by Ingredient, 2020-2030
Table Philippines Ice Cream Market by Distribution Channel, 2020-2030
Chart Philippines Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Philippines Ice Cream Market by Distribution Channel, 2020-2030
Table Philippines Ice Cream Market Share (%), by Companies, 2020-2024
Chart Philippines Ice Cream Market, by Companies, 2024
Table Philippines Ice Cream Market Share (%), by Brands, 2020-2024
Chart Philippines Ice Cream 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 Ice Cream Market: Spend as a Proportion of GDP (%)
Table Philippines Ice Cream Market: Consumption per Capita (Population)
Companies Mentioned
Unilever PLC
The Food People, Inc. (TFPI)
San Miguel Corporation
Nestle S.A.
BTIC, Inc.
Binggrae Co., Ltd.
Arcefoods Corporation
Aice Group Holdings Pte Ltd.
$500.0
What's Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet
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