| Product Code: ETC357629 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to be a key importer of extruded foods, with Thailand, USA, China, South Korea, and Malaysia emerging as the top exporting countries. The market shows high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. Despite a marginal compound annual growth rate (CAGR) of 0.18% from 2020-2024, the industry experienced a slight decline in growth rate of -2.0% from 2023-2024. These trends suggest a stable but competitive market landscape for extruded foods imports in the Philippines.

The Philippines extruded foods market was valued at over US$ 840 million in 2025 and is projected to grow at a CAGR of 5. 1% during the forecast period. Increasing disposable income coupled with changing lifestyle habits have boosted consumer preference for convenience food products like instant noodles, potato chips, corn puffs etc., thereby driving the demand for extruded foods in the country. Moreover, rising awareness about health benefits associated with extruded snacks has further fuelled their adoption among consumers.
The extruded foods market in the Philippines is driven by changing consumer preferences, urbanization, and convenience. Extruded foods, such as snacks and cereals, offer convenience, longer shelf life, and diverse flavors, making them popular choices for busy urban populations. The market is influenced by factors such as rising disposable incomes, evolving eating habits, and the expansion of the retail sector. Additionally, advancements in food processing technology and product innovation contribute to the growth of the extruded foods market.
The extruded foods market in the Philippines encounters challenges related to consumer perceptions and market competition. Educating consumers about the nutritional value and quality of extruded foods is crucial, as some may associate them with being overly processed or lacking in nutritional content. Additionally, the market may be competitive, requiring innovation in flavors, textures, and packaging to attract consumers. Maintaining consistent quality and adhering to food safety regulations are also ongoing challenges.
The extruded foods market, which includes snacks and processed foods, saw a shift in consumer behavior due to the pandemic. With people spending more time at home, there was an initial surge in demand for packaged and convenience foods. However, supply chain disruptions and economic uncertainties affected both production and distribution. As the pandemic persisted, consumer preferences for healthier options and supply chain resilience began to influence the market landscape.
Key players in the Philippines extruded foods market include Universal Robina Corporation (URC), Leslie Corporation, Rebisco Group of Companies, The Republic Biscuit Corporation (Rebisco), and Monde Nissin Corporation.