philippines extruded foods market Synopsis
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.
Drivers of the Market
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.
Challenges of the 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.
COVID-19 Impact on the Market
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 Market
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.
Key Highlights of the Report:
- Philippines Extruded Foods Market Outlook
- Market Size of Philippines Extruded Foods Market, 2024
- Forecast of Philippines Extruded Foods Market, 2031
- Historical Data and Forecast of Philippines Extruded Foods Revenues & Volume for the Period 2021-2031
- Philippines Extruded Foods Market Trend Evolution
- Philippines Extruded Foods Market Drivers and Challenges
- Philippines Extruded Foods Price Trends
- Philippines Extruded Foods Porter's Five Forces
- Philippines Extruded Foods Industry Life Cycle
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Savory Snacks for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Breakfast cereals for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Bread for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Flours & Starches for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Textured Protein for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Functional Ingredients for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Extruder for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Single Screw Extruders for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Twin Screw Extruders for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Contra Twin Screw Extruders for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Process for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Cold Extrusion for the Period 2021-2031
- Historical Data and Forecast of Philippines Extruded Foods Market Revenues & Volume By Hot Extrusion for the Period 2021-2031
- Philippines Extruded Foods Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Extruder
- Market Opportunity Assessment By Process
- Philippines Extruded Foods Top Companies Market Share
- Philippines Extruded Foods Competitive Benchmarking By Technical and Operational Parameters
- Philippines Extruded Foods Company Profiles
- Philippines Extruded Foods Key Strategic Recommendations