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Import Volume Cooking Oil Market, Soybean Oil Exports Philippines - Ken Research
by Ashish Kumar Market ResearcherThe 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. 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 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 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
packaged foods, Hotel Chains and Hawkers. The Commercial Sector has accounted
for the lion’s 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 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.
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.
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:
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+91-124-4230204
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About Ashish Kumar 
Market Researcher
216 connections, 0 recommendations, 526 honor points.Joined APSense since, April 19th, 2016, From gurgaon, India.
Created on Jan 4th 2018 02:18. Viewed 235 times.
