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Ice Cream Market in Philippines
Philippines ice cream market by product (impulse ice cream, take-home ice cream, frozen yoghurt, others), by distribution channel (convenience stores, supermarkets and hypermarkets, online retail, others), industry snapshot, 2022-2028
Ice cream is made from dairy products or dairy alternatives and is flavored with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as strawberries or peaches. The ice cream market in Philippines comprises the take-home, impulse, and frozen yoghurt. Impulse ice creams are sold in individual packages or without packaging, purchased mostly under the influence of emotion and desire. Take-home ice creams are multi-serving ice cream tubs, ice cream cakes, and sorbet tubs sold for take-home and bulk consumption. According to latest analysis by Gen Consulting Company, the ice cream market in Philippines is poised to grow by USD 232 million during 2022-2028, progressing at a CAGR of 7.2% during the forecast period.
This industry report offers market estimates of the Philippines market, followed by a detailed analysis of the product, and distribution channel. The Philippines market data on ice cream can be segmented by product: impulse ice cream, take-home ice cream, frozen yoghurt, others. The take-home ice cream segment held the largest revenue share in 2021. Ice cream market is further segmented by distribution channel: convenience stores, supermarkets and hypermarkets, online retail, others.
The impulse ice cream market is further segmented into single portion dairy ice cream, single portion water ice cream. Furthermore, the take-home ice cream market has been categorized into take-home dairy ice cream, take-home water ice cream.
The ice cream market is dominated by key players, which are Arcefoods Corporation, Food People Inc., General Mills Inc., Nestle S.A., San Miguel Corporation, Unilever plc.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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