Philippines Milk Market 2025

The Philippines milk market is on track to grow from USD 2,671.7 million in 2024 to USD 3,942.5 million by 2030, with a projected CAGR of 6.7% across the forecast period. The Philippines milk market is driven by a rising demand for nutritious and fortified dairy products, spurred by increasing health awareness and a growing middle class. Filipino consumers are increasingly seeking out milk options that offer added health benefits, such as fortified and vitamin-enriched varieties, reflecting broader trends in wellness and nutrition. Additionally, the market benefits from government initiatives aimed at improving local dairy production and reducing dependency on imports, which supports the development of a more robust domestic dairy industry. The expansion of modern retail channels, along with the growing influence of e-commerce, also plays a key role in making milk products more accessible to a wider consumer base across the country.

This report delivers a deep dive into the Philippines milk market, combining historical performance data from 2020 to 2024 with forward-looking projections through 2030. It uncovers critical insights into market size, growth rates, and key trends, providing a clear view of the industry’s evolution. By breaking down the market across product and distribution channel, the report identifies actionable opportunities for stakeholders to drive growth and outperform competitors.

Market Segmentation

The segmentation of the Philippines milk market is outlined below:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others

The milk market in Philippines is segmented across product and distribution channel. The market is classified by product into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Distribution channel categories include convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

Top players featured in the Philippines milk market study include Zest-O Corporation, San Miguel Corporation, Royal FrieslandCampina N.V., RFM Corporation, Reckitt Benckiser Group plc (RB), Nestle S.A., Lactalis South Africa (Pty) Ltd., Fonterra Co-operative Group Limited, Fly Ace Corporation and Century Pacific Food Inc.

This report presents an extensive analysis of major entities in the milk market, focusing on their performance from 2020 to 2024. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Philippines milk market.
Gain in-depth analysis and forecasts for the key segments of the Philippines milk market: product 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 milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines milk 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 Milk Market – Product Analysis
Philippines Milk Market – Distribution Channel Analysis
Company Shares Analysis
Zest-O Corporation
San Miguel Corporation
Royal FrieslandCampina N.V.
RFM Corporation
Reckitt Benckiser Group plc (RB)
Nestle S.A.
Lactalis South Africa (Pty) Ltd.
Fonterra Co-operative Group Limited
Fly Ace Corporation
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Philippines Milk Market 2020-2030
Chart Philippines Milk Market, Net Growth, 2020-2030
Chart Philippines Milk Market, Growth Rates, 2020-2030
Table Philippines Milk Market by Product, 2020-2030
Chart Philippines Milk Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Philippines Milk Market by Product, 2020-2030
Table Philippines Milk Market by Distribution Channel, 2020-2030
Chart Philippines Milk Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Philippines Milk Market by Distribution Channel, 2020-2030
Table Philippines Milk Market Share (%), by Companies, 2020-2024
Chart Philippines Milk Market, by Companies, 2024
Table Philippines Milk Market Share (%), by Brands, 2020-2024
Chart Philippines Milk 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 Milk Market: Spend as a Proportion of GDP (%)
Table Philippines Milk Market: Consumption per Capita (Population)

Companies Mentioned

Zest-O Corporation
San Miguel Corporation
Royal FrieslandCampina N.V.
RFM Corporation
Reckitt Benckiser Group plc (RB)
Nestle S.A.
Lactalis South Africa (Pty) Ltd.
Fonterra Co-operative Group Limited
Fly Ace Corporation
Century Pacific Food, Inc.