Product Code: ETC039730 | 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 food service equipment market is estimated to register a CAGR of around 8.1% during the forecast period (2025???2031). The rising number of restaurants and caf?s in the country, increasing disposable incomes, and growing preference for street food are driving the growth of this market
The demand for convenience foods has been increasing over the past few years, as customers prefer ready-to-eat meals that require minimal preparation time while preparing them at home using equipment such as combination ovens, microwaves and deep fryers. This trend is expected to drive growth in the Philippines??? food service equipment industry over the next few years. Further, there has been an increase in the number of quick service restaurants across major cities in Philippines due to changing consumer preferences towards fast casual dining experiences with more sophisticated ambiance than fast food outlets. This factor is anticipated to fuel revenue generation from sales of commercial kitchen equipments such as dishwashing machines, refrigerators & freezers etc., thus contributing significantly towards overall growth of this industry over 2025???2031 time frame.
As per statistics published by World Bank Group; real gross domestic income (GDI) per capita increased from USD 3106 in 2015 to USD 3514 in 2025 which reflects higher purchasing power among citizens resulting into greater expenditure on prepared foods outside homes including restaurant meals & takeaways etc., thereby propelling demand for commercial kitchen appliances & other related items used within these establishments leading to expansion & modernization efforts undertaken by local operators thus creating lucrative opportunities for manufacturers operating within this domain across Philippines region. Further, popularity gained by street foods amongst consumers owing its wider availability at lower price points along with wide variety offerings has resulted into emergence of multiple vendors offering these products through mobile carts or kiosks which requires less capital investment compared traditional sit down joints hence fueling their numbers exponentially throughout nation which further provides potential avenues for adoption of appropriate equipments catering their needs providing noteworthy gains witnessed across Philippine foodservice equipment industry during recent times.
Setting up a commercial kitchen involves high initial investments, thereby making it difficult especially small scale players having limited resources available at their disposal limiting widespread adoption rates
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 Food Service Equipment Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Food Service Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Food Service Equipment Market - Industry Life Cycle |
3.4 Philippines Food Service Equipment Market - Porter's Five Forces |
3.5 Philippines Food Service Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Food Service Equipment Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Philippines Food Service Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Food Service Equipment Market Trends |
6 Philippines Food Service Equipment Market, By Types |
6.1 Philippines Food Service Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Food Service Equipment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Food Service Equipment Market Revenues & Volume, By Cooking Equipment, 2021-2031F |
6.1.4 Philippines Food Service Equipment Market Revenues & Volume, By Storage & Handling Equipment, 2021-2031F |
6.1.5 Philippines Food Service Equipment Market Revenues & Volume, By Ware washing Equipment, 2021-2031F |
6.1.6 Philippines Food Service Equipment Market Revenues & Volume, By Food & Beverage Preparation Equipment, 2021-2031F |
6.1.7 Philippines Food Service Equipment Market Revenues & Volume, By Serving Equipment, 2021-2031F |
6.2 Philippines Food Service Equipment Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Philippines Food Service Equipment Market Revenues & Volume, By Full-service Restaurants & Hotels, 2021-2031F |
6.2.3 Philippines Food Service Equipment Market Revenues & Volume, By Quick-service Restaurants & Pubs, 2021-2031F |
6.2.4 Philippines Food Service Equipment Market Revenues & Volume, By Catering, 2021-2031F |
7 Philippines Food Service Equipment Market Import-Export Trade Statistics |
7.1 Philippines Food Service Equipment Market Export to Major Countries |
7.2 Philippines Food Service Equipment Market Imports from Major Countries |
8 Philippines Food Service Equipment Market Key Performance Indicators |
9 Philippines Food Service Equipment Market - Opportunity Assessment |
9.1 Philippines Food Service Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Food Service Equipment Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Philippines Food Service Equipment Market - Competitive Landscape |
10.1 Philippines Food Service Equipment Market Revenue Share, By Companies, 2024 |
10.2 Philippines Food Service Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |