Plant-based milk is expected to see robust retail volume and current value growth in the Philippines over the forecast period, driven by the continued expansion of distribution channels and growing brand awareness. Incumbent players in soy drinks and other plant-based milk are set to capitalise on the increasing consumer interest in healthier and more sustainable alternatives to traditional dairy products.
In the Philippines, the competition amongst other (non-soy) plant-based milks is anticipated to intensify, driven by an influx of new entrants into the market. In 2024, Almond Breeze holds the leading position, benefiting from the long-standing popularity of almond milk due to its nutty flavour and versatile uses.
Plant-based yoghurt and plant-based cheese face significant challenges in the Philippines, which may dampen their growth prospects. Despite increasing interest in healthier and more sustainable food options, the market for these products remains underdeveloped, and they may struggle to gain substantial traction in the near term.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Plant-based Dairy industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See All of Our DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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