| 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 |