| Product Code: ETC8848880 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to rely heavily on imports of plant-based protein supplements with top exporters being China, Argentina, USA, India, and Netherlands. Despite a moderate CAGR of 1.13% from 2020-2024, the market experienced a slight decline in growth rate from 2023-2024 (-0.16%). The high concentration level reflected by the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape dominated by a few key players. As demand for plant-based protein supplements rises in the Philippines, stakeholders should closely monitor market dynamics and competition to capitalize on emerging opportunities.

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 Plant Based Protein Supplements Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Plant Based Protein Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Plant Based Protein Supplements Market - Industry Life Cycle |
3.4 Philippines Plant Based Protein Supplements Market - Porter's Five Forces |
3.5 Philippines Plant Based Protein Supplements Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Philippines Plant Based Protein Supplements Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Philippines Plant Based Protein Supplements Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Philippines Plant Based Protein Supplements Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Plant Based Protein Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health and wellness benefits of plant-based protein supplements |
4.2.2 Growing trend towards vegan and vegetarian diets in the Philippines |
4.2.3 Rise in lifestyle diseases and health concerns driving demand for healthier dietary choices |
4.3 Market Restraints |
4.3.1 Higher cost of plant-based protein supplements compared to traditional protein sources |
4.3.2 Limited availability and variety of plant-based protein supplements in the market |
4.3.3 Lack of awareness and education about the benefits of plant-based protein supplements |
5 Philippines Plant Based Protein Supplements Market Trends |
6 Philippines Plant Based Protein Supplements Market, By Types |
6.1 Philippines Plant Based Protein Supplements Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Soy, 2021- 2031F |
6.1.4 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Spirulina, 2021- 2031F |
6.1.5 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Pumpkin Seed, 2021- 2031F |
6.1.6 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Wheat, 2021- 2031F |
6.1.7 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Hemp, 2021- 2031F |
6.1.8 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Rice, 2021- 2031F |
6.1.9 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.1.10 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Plant Based Protein Supplements Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Protein Powder, 2021- 2031F |
6.2.3 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Protein Bars, 2021- 2031F |
6.2.4 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Ready-to-Drink, 2021- 2031F |
6.2.5 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Plant Based Protein Supplements Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.3.3 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Online Stores, 2021- 2031F |
6.3.4 Philippines Plant Based Protein Supplements Market Revenues & Volume, By DTC, 2021- 2031F |
6.3.5 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Philippines Plant Based Protein Supplements Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Sports Nutrition, 2021- 2031F |
6.4.3 Philippines Plant Based Protein Supplements Market Revenues & Volume, By Functional Food, 2021- 2031F |
7 Philippines Plant Based Protein Supplements Market Import-Export Trade Statistics |
7.1 Philippines Plant Based Protein Supplements Market Export to Major Countries |
7.2 Philippines Plant Based Protein Supplements Market Imports from Major Countries |
8 Philippines Plant Based Protein Supplements Market Key Performance Indicators |
8.1 Number of new product launches in the plant-based protein supplements market in the Philippines |
8.2 Percentage increase in online searches for plant-based protein supplements |
8.3 Growth in the number of health and wellness influencers promoting plant-based protein supplements |
8.4 Increase in the number of plant-based protein supplement manufacturers entering the Philippine market |
8.5 Percentage growth in the number of plant-based protein supplement users in the Philippines |
9 Philippines Plant Based Protein Supplements Market - Opportunity Assessment |
9.1 Philippines Plant Based Protein Supplements Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Philippines Plant Based Protein Supplements Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Philippines Plant Based Protein Supplements Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Philippines Plant Based Protein Supplements Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Plant Based Protein Supplements Market - Competitive Landscape |
10.1 Philippines Plant Based Protein Supplements Market Revenue Share, By Companies, 2024 |
10.2 Philippines Plant Based Protein Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here