Philippines Plant-Based Milk Market to 2032
Overview
The Philippines Plant-Based Milk Market is expected to reach a 165.03 USD Million by 2032 and is projected to grow at a CAGR of 15.63% from 2025 to 2032.
Revenue, 2024 (USD Million)
72.42
Forecast, 2032 (USD Million)
165.03
CAGR, 2024 - 2032
15.63%
Report Coverage
Philippines
Philippines Plant-Based Milk Market 2018-2032 USD Million
Philippines Plant-Based Milk Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 72.42 USD Million
- Projected Market Size (2032): 165.03 USD Million
- CAGR (2025-2032): 15.63%
Key Findings of Philippines Plant-Based Milk Market
- The Philippines Plant-Based Milk Market was valued at 72.42 USD Million in 2024.
- The Philippines Plant-Based Milk Market is likely to grow at a CAGR of 15.63% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Coconut Blend in Flavor Segment accounted for the largest share of the market with a revenue of 72.42 USD Million
- The fastest growing segment Unsweetened in Formulation Segment grew Fastest with a CAGR of 16.22% during the forecast period from 2024 to 2032.
Philippines Plant-Based Milk Market Scope
Philippines Plant-Based Milk Market Segmentation & Scope
Flavor
- Coconut Blend
- Caramel
- Chocolate
- Coffee
- Maple
- Others
- Honey
- Hazelnut Blend
- Original/Unflavored
- Vanilla
Type
- Flax Milk
- Hazelnut Milk
- Walnut Milk
- Cashew Nut Milk
- Others
- Rice Milk
- Coconut Milk
- Almond Milk
- Soy Milk
- Oat Milk
Category
- Organic
- Conventional
Formulation
- Sweetened
- Unsweetened
Product
- Shelf Stable Milk
- Refrigerated Milk
Packaging
- Can
- Bottles
- Tetra Packs
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
Packaging Size
- Less Than 100 ML
- More Than 1000 ML
- 110 ML
- 500 ML
- 250 ML
- 1000 ML
Fortification
- Fortified
- Regular
Nature
- GMO
- Non-GMO
Claim
- Nut Free
- Others
- Soy Free
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Philippines Plant-Based Milk Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 72.42 USD Million |
| Market Value in 2032 | 165.03 USD Million |
| CAGR (2025-2032) | 15.63% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Flavor,Type,Category,Formulation,Product,Packaging,Distribution Channel,Packaging Size,Fortification,Nature,Claim |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 72.42 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 72.42 USD Million in 2024.
Segments and Scope
-
Philippines Plant-Based Milk Market to 2032, By Flavor
- Coconut Blend is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 72.42 USD Million in the year 2024.
- Coconut Blend is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.63 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Type
- Oat Milk is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 29.99 USD Million in the year 2024.
- Oat Milk is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 16.11 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Category
- Conventional is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 53.22 USD Million in the year 2024.
- Conventional is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.81 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Formulation
- Unsweetened is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 24.83 USD Million in the year 2024.
- Unsweetened is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 16.22 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Product
- Refrigerated Milk is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 64.29 USD Million in the year 2024.
- Refrigerated Milk is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.79 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Packaging
- Tetra Packs is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 64.34 USD Million in the year 2024.
- Tetra Packs is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.75 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Distribution Channel
- Non-Store Retailers is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 57.10 USD Million in the year 2024.
- Non-Store Retailers is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.93 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Packaging Size
- 1000 ML is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 40.76 USD Million in the year 2024.
- 1000 ML is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 16.15 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Fortification
- Regular is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 61.31 USD Million in the year 2024.
- Regular is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.78 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Nature
- Non-GMO is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 71.01 USD Million in the year 2024.
- Non-GMO is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.64 % in forecast period 2025-2032.
-
Philippines Plant-Based Milk Market to 2032, By Claim
- Regular is the largest segment in Philippines Plant-Based Milk Market to 2032 with a revenue of 61.31 USD Million in the year 2024.
- Gluten Free is the Fastest growing segment in Philippines Plant-Based Milk Market to 2032 with a Growth rate of 15.78 % in forecast period 2025-2032.
Philippines Plant-Based Milk Market Company Share Analysis
| Company Name |
|
||
| Sanitarium | |||
| Califia Farms, LLC | |||
| The Hain Celestial Group | |||
| Alpro | |||
| Oatly AB | |||
Philippines Plant-Based Milk Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Plant-Based Milk Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Plant-Based Milk Market is segmented based on Segmentation Flavor,Type,Category,Formulation,Product,Packaging,Distribution Channel,Packaging Size,Fortification,Nature,Claim.
Philippines Plant-Based Milk Market was valued at USD 72.42(Revenue in USD Million) in 2021.
Philippines Plant-Based Milk Market is projected to grow at a CAGR of 15.63% during the forecast period of 2024 to 2032.
The Coconut Blend segment is expected to dominate the Philippines Plant-Based Milk Market, holding a largest market share of 72.42 USD Million in 2024
Philippines Plant-Based Milk Market Scope
Philippines Plant-Based Milk Market Segmentation & Scope
Flavor
- Coconut Blend
- Caramel
- Chocolate
- Coffee
- Maple
- Others
- Honey
- Hazelnut Blend
- Original/Unflavored
- Vanilla
Type
- Flax Milk
- Hazelnut Milk
- Walnut Milk
- Cashew Nut Milk
- Others
- Rice Milk
- Coconut Milk
- Almond Milk
- Soy Milk
- Oat Milk
Category
- Organic
- Conventional
Formulation
- Sweetened
- Unsweetened
Product
- Shelf Stable Milk
- Refrigerated Milk
Packaging
- Can
- Bottles
- Tetra Packs
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
Packaging Size
- Less Than 100 ML
- More Than 1000 ML
- 110 ML
- 500 ML
- 250 ML
- 1000 ML
Fortification
- Fortified
- Regular
Nature
- GMO
- Non-GMO
Claim
- Nut Free
- Others
- Soy Free
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Frequently Asked Questions
The Philippines Plant-Based Milk Market is segmented based on Segmentation Flavor,Type,Category,Formulation,Product,Packaging,Distribution Channel,Packaging Size,Fortification,Nature,Claim.
Philippines Plant-Based Milk Market was valued at USD 72.42(Revenue in USD Million) in 2021.
Philippines Plant-Based Milk Market is projected to grow at a CAGR of 15.63% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Plant-Based Milk Market for final year is USD 165.03 (USD Million).
Philippines Plant-Based Milk Market Company Profiling
Frequently Asked Questions
The Philippines Plant-Based Milk Market is segmented based on Segmentation Flavor,Type,Category,Formulation,Product,Packaging,Distribution Channel,Packaging Size,Fortification,Nature,Claim.
Philippines Plant-Based Milk Market was valued at USD 72.42(Revenue in USD Million) in 2021.
Philippines Plant-Based Milk Market is projected to grow at a CAGR of 15.63% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Plant-Based Milk Market for final year is USD 165.03 (USD Million).
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