| Product Code: ETC017449 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines canned and cured seafoods market is expected to grow at a steady rate over the forecast period, driven by factors such as growing consumer preference for convenient food products, increasing health consciousness among consumers, and thriving tourism industry. Moreover, rising disposable incomes of households and changing lifestyles have created demand for convenience foods that are easy to store and consume. The increased availability of processed canned seafood varieties has further fueled the growth of this market in recent years
In recent years, there has been an increase in demand for ready-to-eat products due to their convenience factor. This has led manufacturers to develop innovative packaging technology with various shelf life extension techniques such as retort processing which will drive the growth of the canned/cured seafoods market in Philippines going forward. Additionally, a shift towards sustainable production methods among producers owing to environmental concerns is expected create new opportunities within this sector in coming years
One key driver behind the growth of Philippines canned/cured seafoods market is increasing awareness regarding health benefits associated with consumption of these products among consumers leading them prefer desiccated coconut & shrimp paste over conventional ingredients like salt & sugar while cooking meals at home or ordering out from restaurants/fast food outlets . In addition to this , rising tourism numbers coupled with introduction of foreign cuisines containing high amounts of preserved fish items into local gastronomy culture provides an impetus on sales . This trend can be attributed largely due to influx tourist arrivals from China , Japan , Korea etc . Other drivers include presence strong distribution networks catering both modern retail formats ( supermarkets / hypermarkets ) as well as traditional trade channels ( wet markets ) & internet retailing platforms gaining traction amongst buyers
Despite favorable conditions driving demand for Philippine canned/cured seafoods , certain challenges persist including highly volatile raw material price movements caused primarily by seasonal harvesting cycles observed across several regions thereby having direct impact on profitability ratios amongst major players operating within space thereby forcing them towards adopting efficient cost management strategies thus reducing overall competitiveness overall making it difficult especially for smaller firms operating within value chain . Moreover ambiguity surrounding import policies related exchange control regulations also hinders potential investments into space limiting ability companies expand their business operations beyond domestic boundaries along with stringent safety standards followed during production processes pertaining hygiene compliances need regular monitoring contributing additional costs onto final prices making product less attractive compared other alternatives present across category landscape resulting further lowering its acceptance levels amongst
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Canned and Cured Seafoods Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Canned and Cured Seafoods Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Canned and Cured Seafoods Market - Industry Life Cycle |
3.4 Philippines Canned and Cured Seafoods Market - Porter's Five Forces |
3.5 Philippines Canned and Cured Seafoods Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Canned and Cured Seafoods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Canned and Cured Seafoods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Canned and Cured Seafoods Market Trends |
6 Philippines Canned and Cured Seafoods Market, By Types |
6.1 Philippines Canned and Cured Seafoods Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Tuna, 2021-2031F |
6.1.4 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Salmon, 2021-2031F |
6.1.5 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Sardines, 2021-2031F |
6.1.6 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Other Fish, 2021-2031F |
6.1.7 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Prawns, 2021-2031F |
6.1.8 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Shrimps, 2021-2031F |
6.2 Philippines Canned and Cured Seafoods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.2.3 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.2.4 Philippines Canned and Cured Seafoods Market Revenues & Volume, By Online, 2021-2031F |
7 Philippines Canned and Cured Seafoods Market Import-Export Trade Statistics |
7.1 Philippines Canned and Cured Seafoods Market Export to Major Countries |
7.2 Philippines Canned and Cured Seafoods Market Imports from Major Countries |
8 Philippines Canned and Cured Seafoods Market Key Performance Indicators |
9 Philippines Canned and Cured Seafoods Market - Opportunity Assessment |
9.1 Philippines Canned and Cured Seafoods Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Canned and Cured Seafoods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Canned and Cured Seafoods Market - Competitive Landscape |
10.1 Philippines Canned and Cured Seafoods Market Revenue Share, By Companies, 2024 |
10.2 Philippines Canned and Cured Seafoods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |