Product Code: ETC8846961 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nut-based milk alternatives are gaining popularity in the Philippines due to rising lactose intolerance and increasing consumer preference for plant-based diets. Almond, cashew, and hazelnut milk are among the leading products in this segment. Health-conscious consumers are shifting away from traditional dairy products, driving the growth of the nut-based milk industry. Local and international brands are expanding their offerings, focusing on nutritional benefits and sustainability.
The nut-based milk market in the Philippines is growing rapidly due to rising lactose intolerance cases and increasing adoption of plant-based diets. Consumers are shifting towards non-dairy alternatives as part of a healthier lifestyle, driving demand for almond, cashew, and other nut-based milk products. The expansion of vegan and health-conscious consumer segments, coupled with aggressive marketing and new product innovations, is further fueling market growth. Additionally, the increasing presence of nut-based milk brands in supermarkets and online platforms is making these products more accessible to a wider audience.
Nut-based milk products in the Philippines face challenges in terms of consumer acceptance and affordability. Traditional dairy milk remains the preferred choice for many consumers, making it difficult for plant-based alternatives to gain widespread adoption. Additionally, the high cost of production, due to imported raw materials, limits the affordability of nut-based milk. Distribution challenges also affect market penetration, particularly in rural areas where awareness of plant-based alternatives is low. Regulatory requirements for plant-based milk labeling and marketing further add complexity for manufacturers.
The growing consumer shift towards plant-based dairy alternatives is fueling demand for nut-based milk products in the Philippines. Investors can consider setting up production facilities for almond, cashew, and macadamia milk, catering to health-conscious consumers and those with lactose intolerance. The market also presents potential for innovation in flavored and fortified nut-based milk varieties. Expanding retail distribution channels and leveraging e-commerce can enhance business growth, making it a lucrative market for investment.
The Philippines nut-based milk market benefits from government policies that promote healthier alternatives to traditional dairy products. The Department of Health (DOH) encourages the consumption of plant-based products as part of the government`s initiative to combat non-communicable diseases such as lactose intolerance and heart disease. Additionally, the Bureau of Food and Drugs (BFAD) sets regulations on the production, labeling, and marketing of nut-based milk, ensuring that these products meet health and safety standards. The government also provides support to local manufacturers, promoting the growth of the nut-based milk industry through grants and training programs.
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 Nut-Based Milk Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Nut-Based Milk Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Nut-Based Milk Market - Industry Life Cycle |
3.4 Philippines Nut-Based Milk Market - Porter's Five Forces |
3.5 Philippines Nut-Based Milk Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Nut-Based Milk Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Philippines Nut-Based Milk Market Revenues & Volume Share, By Form Type, 2021 & 2031F |
3.8 Philippines Nut-Based Milk Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.9 Philippines Nut-Based Milk Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Nut-Based Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Nut-Based Milk Market Trends |
6 Philippines Nut-Based Milk Market, By Types |
6.1 Philippines Nut-Based Milk Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Nut-Based Milk Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Nut-Based Milk Market Revenues & Volume, By Flavored, 2021- 2031F |
6.1.4 Philippines Nut-Based Milk Market Revenues & Volume, By Unflavored, 2021- 2031F |
6.2 Philippines Nut-Based Milk Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Nut-Based Milk Market Revenues & Volume, By Soy Milk, 2021- 2031F |
6.2.3 Philippines Nut-Based Milk Market Revenues & Volume, By Almond Milk, 2021- 2031F |
6.2.4 Philippines Nut-Based Milk Market Revenues & Volume, By Coconut Milk, 2021- 2031F |
6.2.5 Philippines Nut-Based Milk Market Revenues & Volume, By Rice Milk, 2021- 2031F |
6.2.6 Philippines Nut-Based Milk Market Revenues & Volume, By Oat Milk, 2021- 2031F |
6.2.7 Philippines Nut-Based Milk Market Revenues & Volume, By Hemp Milk, 2021- 2031F |
6.2.8 Philippines Nut-Based Milk Market Revenues & Volume, By Others, 2021- 2031F |
6.2.9 Philippines Nut-Based Milk Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Nut-Based Milk Market, By Form Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Nut-Based Milk Market Revenues & Volume, By Powder, 2021- 2031F |
6.3.3 Philippines Nut-Based Milk Market Revenues & Volume, By Liquid, 2021- 2031F |
6.4 Philippines Nut-Based Milk Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Philippines Nut-Based Milk Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.4.3 Philippines Nut-Based Milk Market Revenues & Volume, By Nutraceuticals, 2021- 2031F |
6.4.4 Philippines Nut-Based Milk Market Revenues & Volume, By Baby Food, 2021- 2031F |
6.4.5 Philippines Nut-Based Milk Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.5 Philippines Nut-Based Milk Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Nut-Based Milk Market Revenues & Volume, By Supermarket and Hypermarket, 2021- 2031F |
6.5.3 Philippines Nut-Based Milk Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.5.4 Philippines Nut-Based Milk Market Revenues & Volume, By Foodservice, 2021- 2031F |
6.5.5 Philippines Nut-Based Milk Market Revenues & Volume, By Specialty Retail Stores, 2021- 2031F |
6.5.6 Philippines Nut-Based Milk Market Revenues & Volume, By Online Retails, 2021- 2031F |
7 Philippines Nut-Based Milk Market Import-Export Trade Statistics |
7.1 Philippines Nut-Based Milk Market Export to Major Countries |
7.2 Philippines Nut-Based Milk Market Imports from Major Countries |
8 Philippines Nut-Based Milk Market Key Performance Indicators |
9 Philippines Nut-Based Milk Market - Opportunity Assessment |
9.1 Philippines Nut-Based Milk Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Nut-Based Milk Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Philippines Nut-Based Milk Market Opportunity Assessment, By Form Type, 2021 & 2031F |
9.4 Philippines Nut-Based Milk Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.5 Philippines Nut-Based Milk Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Nut-Based Milk Market - Competitive Landscape |
10.1 Philippines Nut-Based Milk Market Revenue Share, By Companies, 2024 |
10.2 Philippines Nut-Based Milk Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |