Philippines Beef And Veal Market (2025-2031) Outlook | Revenue, Trends, Forecast, Analysis, Companies, Share, Growth, Industry, Value & Size

philippines beef and veal market Synopsis

The Philippines beef and veal market is estimated to be worth $2 billion USD in 2017. The country produces approximately 400,000 metric tons of beef and veal annually, with the majority of production coming from small-scale backyard farms. In terms of imports, the Philippines imported around 80,000 metric tons of beef in 2018; mostly from Australia. Overall, retail sales across all channels for fresh and frozen meat products totaled an estimated $1. 4 billion USD in 2018.

Drivers of the Market

The Philippines beef and veal market is primarily driven by the country`s growing population and changing dietary preferences. As income levels rise, consumers are incorporating more protein-rich foods into their diets, including beef and veal. Additionally, the foodservice industry`s expansion, urbanization, and exposure to international cuisines contribute to the demand for beef and veal products. However, the market may also face challenges related to supply chain management and environmental concerns.

Challenges of the Market

The Philippines beef and veal market face multifaceted challenges. Meeting the growing demand for high-quality meat necessitates efficient production systems and supply chains. Balancing this with concerns about environmental sustainability and animal welfare presents an ongoing challenge. Import dependency exposes the market to fluctuations in global prices and trade regulations. Moreover, consumer preferences for lean cuts and processed meat products add complexity to the industry`s efforts to diversify offerings.

COVID-19 Impact on the Market

The Philippines beef and veal market encountered significant challenges during the COVID-19 pandemic. Lockdowns, supply chain disruptions, and reduced consumer spending impacted the demand for these products. Closure of restaurants and hotels, which are major consumers of beef and veal, led to a surplus in the market. However, there was a shift towards retail and online meat purchasing, partially offsetting the losses. The market also faced supply challenges due to labor shortages in meat processing facilities. As the country gradually reopened, recovery efforts focused on restoring both supply chains and consumer confidence.

Key Players in the Market

The beef and veal market in the Philippines is influenced by both domestic production and imports. Major players include local meat processing companies like CDO Foodsphere and Monterey Meatshop. These companies contribute to the distribution of beef and veal products across the country, catering to consumer preferences for various cuts and processed meat items.

Key Highlights of the Report:

• Philippines Beef And Veal Market Outlook
• Market Size of Philippines Beef And Veal Market, 2024
• Forecast of Philippines Beef And Veal Market, 2031
• Historical Data and Forecast of Philippines Beef And Veal Revenues & Volume for the Period 2021-2031
• Philippines Beef And Veal Market Trend Evolution
• Philippines Beef And Veal Market Drivers and Challenges
• Philippines Beef And Veal Price Trends
• Philippines Beef And Veal Porter's Five Forces
• Philippines Beef And Veal Industry Life Cycle
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Beef for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Veal for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Supermarkets for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Convenient Store for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Speciality Stores for the Period 2021-2031
• Historical Data and Forecast of Philippines Beef And Veal Market Revenues & Volume By Online Retail for the Period 2021-2031
• Philippines Beef And Veal Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Distribution Channel
• Philippines Beef And Veal Top Companies Market Share
• Philippines Beef And Veal Competitive Benchmarking By Technical and Operational Parameters
• Philippines Beef And Veal Company Profiles
• Philippines Beef And Veal Key Strategic Recommendations