| Product Code: ETC10299169 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, the Philippines saw significant soy milk import shipments from top countries including Thailand, Malaysia, Hong Kong, USA, and China. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a negative compound annual growth rate (CAGR) of -7.28% from 2020 to 2024. However, there was a notable growth spurt in 2024 with a growth rate of 51.09% compared to the previous year, indicating a potential shift or surge in demand for soy milk imports in the Philippines.

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 Soy Milk Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Soy Milk Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Soy Milk Market - Industry Life Cycle |
3.4 Philippines Soy Milk Market - Porter's Five Forces |
3.5 Philippines Soy Milk Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Soy Milk Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
3.7 Philippines Soy Milk Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Philippines Soy Milk Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Philippines Soy Milk Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Philippines Soy Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a shift towards plant-based alternatives. |
4.2.2 Growing awareness about lactose intolerance and dairy allergies. |
4.2.3 Rising demand for vegan and dairy-free products in the Philippines. |
4.3 Market Restraints |
4.3.1 Limited availability and high cost of raw materials for soy milk production. |
4.3.2 Lack of awareness about the benefits of soy milk compared to traditional dairy products. |
4.3.3 Competition from other plant-based milk alternatives such as almond milk and oat milk. |
5 Philippines Soy Milk Market Trends |
6 Philippines Soy Milk Market, By Types |
6.1 Philippines Soy Milk Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Soy Milk Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Soy Milk Market Revenues & Volume, By Plain, 2021 - 2031F |
6.1.4 Philippines Soy Milk Market Revenues & Volume, By Flavored, 2021 - 2031F |
6.1.5 Philippines Soy Milk Market Revenues & Volume, By Organic, 2021 - 2031F |
6.1.6 Philippines Soy Milk Market Revenues & Volume, By Plant Based, 2021 - 2031F |
6.2 Philippines Soy Milk Market, By Flavor |
6.2.1 Overview and Analysis |
6.2.2 Philippines Soy Milk Market Revenues & Volume, By Vanilla, 2021 - 2031F |
6.2.3 Philippines Soy Milk Market Revenues & Volume, By Chocolate, 2021 - 2031F |
6.2.4 Philippines Soy Milk Market Revenues & Volume, By Strawberry, 2021 - 2031F |
6.2.5 Philippines Soy Milk Market Revenues & Volume, By Almond, 2021 - 2031F |
6.3 Philippines Soy Milk Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Soy Milk Market Revenues & Volume, By Carton, 2021 - 2031F |
6.3.3 Philippines Soy Milk Market Revenues & Volume, By Bottle, 2021 - 2031F |
6.3.4 Philippines Soy Milk Market Revenues & Volume, By Can, 2021 - 2031F |
6.3.5 Philippines Soy Milk Market Revenues & Volume, By Pouch, 2021 - 2031F |
6.4 Philippines Soy Milk Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Soy Milk Market Revenues & Volume, By Retail, 2021 - 2031F |
6.4.3 Philippines Soy Milk Market Revenues & Volume, By Online, 2021 - 2031F |
6.4.4 Philippines Soy Milk Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.4.5 Philippines Soy Milk Market Revenues & Volume, By E commerce, 2021 - 2031F |
6.5 Philippines Soy Milk Market, By Distribution |
6.5.1 Overview and Analysis |
6.5.2 Philippines Soy Milk Market Revenues & Volume, By Direct to Consumer, 2021 - 2031F |
6.5.3 Philippines Soy Milk Market Revenues & Volume, By Wholesale, 2021 - 2031F |
6.5.4 Philippines Soy Milk Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.5.5 Philippines Soy Milk Market Revenues & Volume, By Foodservice, 2021 - 2031F |
7 Philippines Soy Milk Market Import-Export Trade Statistics |
7.1 Philippines Soy Milk Market Export to Major Countries |
7.2 Philippines Soy Milk Market Imports from Major Countries |
8 Philippines Soy Milk Market Key Performance Indicators |
8.1 Consumer awareness and perception of soy milk as a healthy and sustainable alternative. |
8.2 Number of new product launches and innovations in the soy milk market. |
8.3 Growth in the number of retail outlets and distribution channels offering soy milk products in the Philippines. |
9 Philippines Soy Milk Market - Opportunity Assessment |
9.1 Philippines Soy Milk Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Soy Milk Market Opportunity Assessment, By Flavor, 2021 & 2031F |
9.3 Philippines Soy Milk Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Philippines Soy Milk Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Philippines Soy Milk Market Opportunity Assessment, By Distribution, 2021 & 2031F |
10 Philippines Soy Milk Market - Competitive Landscape |
10.1 Philippines Soy Milk Market Revenue Share, By Companies, 2024 |
10.2 Philippines Soy Milk 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.
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