Philippines Cooking Oil Market Outlook to 2021: Ken Research
Title: Philippines Cooking Oil Market Outlook to 2021: Ken Research
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Philippines Cooking Oil Market Outlook to 2021
Ken Research
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The report titled Philippines Cooking Oil Market
by Type (Palm, Coconut, Soyabean, Canola, Corn
and Others), by Region (Luzon, Visayas and
Mindanao) - Outlook to 2021 provides a
comprehensive analysis of the cooking oil market
in Philippines. The report covers 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.
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The report also covers the competitive landscape,
government regulations, customer preferences, and
value chain analysis of the cooking oil market in
Philippines. In addition to this, the report also
covers company profiles and product portfolio of
major players. This report 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, Philippines are
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 Philippines has increased from Thousand Tons
in 2011 to Thousand Tons in 2016 on
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- account of increase in food demand by growing
number of households and expanding health
conscious middle class in the country. - Philippines Cooking Oil Market Segmentation
- By Regions The Luzon region in Philippines has
gathered the largest share of in terms of
total consumption volume of cooking oil. The
major reason behind this has been that this
region comprises of highest number of hotels,
guest houses and households in Philippines. As of
4th December 2017, there are hotels, guest
houses, specialty lodging and holiday rental
units. Visayas and Mindanao on the other hand
have gathered a consumption share of and 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
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- largest share of in the Philippines Cooking
oil Market with a consumption of Thousand
Metric Tons in 2016. It has largest share as it
is readily available and is reasonably priced
(average retail price prevailing in Philippines
PHP per liter in 2016). Philippines have been
one of the largest producers of coconut oil
globally but its share in the domestic
consumption remains lower to around during
2016. In the past 5 years the average imports of
soybean oil has been over tons each year.
Soybean oil has accounted for a consumption
volume share of in 2016. Canola oil is only
preferred by high income customers which are
extremely health conscious as it is expensive
than other oils. Canola oil and corn oil have
captured a consumption volume share of and
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 commercial sector includes the Manufacturers
of
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- packaged foods, Hotel Chains and Hawkers. The
Commercial Sector has accounted for the lions
share of in the total consumption volume of
cooking oil in Philippines. This has been on
account of the bulk purchases made by these
entities. The cooking oil consumption from
residential sector includes the consumption of
the households. The Residential Sector has
comprised of a minor share of only in the
total consumption volume of cooking oil in
Philippines. - By Distribution Channel The different
distribution channels include Traditional
markets, Direct Sale by Manufactures/traders
distributors, Supermarkets/hypermarkets and
through online websites. The traditional markets
in Philippines include the wet markets, sari-sari
stores/mom pop stores. These traditional
markets have accounted for the share of in the
consumption volume during 2016 as they provide
products at lower prices than those in
supermarkets. The direct sale by
manufacturers/traders and distributors has
accounted for the second largest share of in
the
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- total volume sales of cooking oil in Philippines.
On the other hand, Supermarkets and hypermarkets
have gathered a volume share of , they are
mostly located inside shopping malls, department
stores or within a commercial complex. Online
channels have accounted for the lowest share of
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 Philippines Cooking Oil
Market - The Philippines Cooking Oil Market is
traditionally dominated by the unorganized sector
on account of providing the cooking oil at a
lower cost than the organized players in the
Industry. The major organized players include
Minola, Golden Fiesta, Baguio, Marca Leon and
others. The organized players face tough
competition from the unorganized market entities.
These organized players compete majorly on the
basis of price, packaging and types of products
offered.
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Future Outlook and Projections for Philippines
Cooking Oil Market It has been anticipated that
the consumption of cooking oil will rise from
thousand tons in the year 2017 to Thousand Tons
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 Philippines is anticipated to increase from
thousand tons in the year 2019 to thousand tons
in the year 2021. The major growth in the
Philippines food manufacturing industry in the
period 2019-2021 will increase Philippines
cooking oil market. The food manufacturing
industry is estimated to grow from USD Million
in 2019 to USD Million in 2021. Canola oil and
blended oils will be the upcoming oils in the
country.
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- Key Topics Covered in the Report
- Philippines Cooking Oil Market Overview
- Value Chain in Cooking Oil Market
- Philippines Cooking Oil Market Size by Value and
Volume, 2011-2016 - 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 Philippines - Company Profile of Major Players in Philippines
Cooking Oil Market - Trends, Developments, Growth Drivers, Restraints
and Government Regulation in Philippines Cooking
Oil Market - Philippines Cooking Oil Market Future outlook and
Projections - For more information on the research report,
refer to below link - https//www.kenresearch.com/food-beverage-and-toba
cco/general-food/philippines-cooking-oil-market/14
2317-11.html
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Research Ankur Gupta, Head Marketing
Communications sales_at_kenresearch.com 91-124-42302
04
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