|
|
 |
|
|
Philippines Cooking Oil Consumption is Expected to Reach over 2,700 Thousand Tons by 2021: Ken Res by Ankur Gupta
|
|
|
Philippines Cooking Oil Consumption is Expected to Reach over 2,700 Thousand Tons by 2021: Ken Res by ANKUR GUPTA
|
|
| Article Posted: 01/05/2018 |
| Article Views: 550 |
| Articles Written: 1063 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 642 |
| Article Votes: 0 |
|
Philippines Cooking Oil Consumption is Expected to Reach over 2,700 Thousand Tons by 2021: Ken Res |
|
|
|
|
|
Food & Beverages
|
|
|
Philippines Cooking Oil Market by regions (Luzon, Visayas and Mindanao), by Distribution Channels (Traditional Markets, Direct Sales, Supermarkets and Hypermarkets and Online), by End User (Food Products Manufactures, Hotels and Restaurants, Street Food and Hawkers and Residential), by Type of Cooking Oil (Palm Oil, Coconut Oil, Soybean Oil, Canola Oil, Corn Oil and Others), Company Profile of Major Players including Malabon Soap And Oil Industrial, San Pablo MGF Corp, Marca Leon, Magic Fry, International Oil Factory, UFC Philippines, AD Gothong Manufacturing Corporation, Fly Ace Corporation) The Philippines Cooking Oil market has seen number of international brands entering the market. However, the local brands still dominate the industry Philippines Cooking Oil market has shown an impressive growth rate over the past five years owing to growth in number of households, enhancing food processing sector, rapid rise in tourism and hospitality sector. Coconut oil is being replaced by palm oil in terms of domestic consumption. Canola oil and soybean oil are the upcoming cooking oils in Philippines The future for Philippines Cooking Oil industry is compelling with anticipated future CAGR of 9.7% from 2016-2021. The Philippines Cooking Oil market will be driven by rising population, changing lifestyles, expanding tourism and anticipated hospitality boom. The market is expected to witness growing preference for healthier oils such as Canola oil as the health conscious people in the country incline in future. There is a positive outlook in the retail category where supermarkets are gradually eating up the market share of traditional markets. The increase in the total import of cooking oil will also fuel the cooking oil market in Philippines. The increasing tourism in Luzon, Western Visayas and Mindanao will further uplift the number of hotel chains and restaurants sector in the country. The rising hotel chains & restaurants will boost the demand for cooking oil in the country. The Cargill Oil Mills plans to develop coconut farming industry in the Rural Philippines which will improve the cooking oil market in the period 2017-2019 as the ageing coconut trees in the country will be replaced leading to better productivity. The major growth in the Philippines food manufacturing industry in the period 2019-2021 will aid Philippines cooking oil market. Moreover, Philippines cooking oil consumption patterns are expected to further shift from using coconut oil to palm oil on account of the anticipated future price fluctuation in the coconut oil prices. Furthermore, it is also anticipated that Philippines will become the 5th largest supermarket industry in the world. The growth of supermarket industry will further reduce the share of traditional markets in selling cooking oils by the year 2021. Olive oil blended with sunflower oil has been expected to generate significant demand over the coming years as number of health conscious people rise. Ken Research in its latest study, Philippines Cooking Oil Market by Type (Palm, Coconut, Soyabean, Canola, Corn and Others), by Region (Luzon, Visayas and Mindanao) - Outlook to 2021 suggests that Minola, Baguio, Spring Cooking Oil, Golden Fiesta and Marca Leon will remain the major players in this space. However, these major players will witness rising competition from other smaller brands. Rising tourism, growing hospitality industry, changing consumer preferences and increase in number of households is expected to drive the Philippines Cooking Oil Market in the future. The report provides information on market size of the Philippines Cooking Oil Market, market segmentation on the basis of major regions, distribution channels, end users and type of cooking oil. Key Topics Covered in the Report: Soybean Oil Exports Philippines Cooking Oil Market in Philippines Palm Oil Consumption Philippines Baguio Oil Coconut Oil Philippines Philippines Palm Oil Future Edible Oil Market Philippines Export Coconut Oil Philippines For more information on the research report, refer to below link: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/philippines-cooking-oil-market/142317-11.html Related Reports by Ken Research https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/india-packaged-fruit-drinks-market-research-report/643-11.html https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/japan-energy-and-sports-drink-market-research-report/432-11.html https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/uganda-dairy-market-report/60307-11.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-124-4230204
Related Articles -
Soybean Oil Exports Philippines, Cooking Oil Market in Philippines, Palm Oil Consumption Philippines,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
