Philippines Squid Market (2025-2031) | Trends, Forecast, Companies, Industry, Outlook, Value, Growth, Size, Share, Analysis & Revenue

Philippines squid market Highlights

Topics Covered in the Philippines Squid Market

The Philippines Squid Market report thoroughly covers the market by products. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Squid Market Synopsis

Philippines Squid Market has always been a significant industry in the Philippines. The market size of squid is being shaped by various factors, including population growth, changing lifestyles, and dietary preferences. 

According to 6Wresearch, the Philippines Squid Market size is expected to grow rapidly at a CAGR of 5.34%% during the forecast period of 2025-2031. The increasing demand for squid products is one of the primary drivers of the market. Additionally, the rise of international seafood trade has also increased the demand for squid products. To cater to these demands, the country has expanded its squid fishing operations, ensuring a steady supply of the product. Moreover, there has been a noticeable shift in the squid market, with more consumers turning to frozen squid products.

This trend stems from the preserved quality of the product, as fresh squid tends to go bad quickly. Therefore, frozen squid has become the preferred option for many consumers as it can be stored for a more extended period. Additionally, frozen squid requires less preparation time than fresh squid, making it more convenient for cooking. However, the growing demand for squid products has posed various challenges to the Philippines Squid Market Growth. Overfishing is a real threat to the industry, as it could lead to a depletion of squid populations. Furthermore, managing the supply chain of fresh squid products has been a challenge. Despite the challenges, the squid market presents various opportunities. With new technological advancements, ways have been found to efficiently manage the fishing and supply chain operations. To diversify and boost the market, there have been calls for value addition by investing in the production of new squid-based products. 

Government policies and schemes introduced in the Philippines Squid Market 

The Philippine government has taken significant steps to regulate and manage the country's squid market. One of the most notable schemes introduced is the implementation of a closed fishing season from February to April annually. This policy is enforced to forbid fishing activities during the squids' mating and laying periods, ensuring the continuity of their population. Moreover, the government has also launched a program called "TatakTao Para sa Malinis at Masaganang Karagatan" that mandates registration of all fishing vessels and implements the use of biodegradable fishing gear to minimize plastic waste in the ocean.

Key players in the Philippines Squid Market

The Philippines squid industry has considerable potential for economic growth, and key players have emerged in this industry, such as Phil-Union Frozen Foods, Inc., a company that has been actively exporting squid products to different parts of the world. The company is primarily involved in the fishing, processing, and exporting of various seafood products. Another notable player is the Iligan Bay Alliance of Misamis Oriental, a cooperative that specializes in the production of dried squid and has been dominating the local market. 

Future Insights of the Philippines Squid Market

The Philippine squid industry has a lot of potential, and the country's increasing demand from foreign countries means that this industry will continue to grow. Over the years, the Philippine government aims to produce an additional 10,000 metric tons of squid annually, which is a clear indication of the country's desire to become a significant player in this industry. 

Market by Products

According to Mohit, Senior Research Analyst, at 6Wresearch, the fresh squid market has been dominating the Philippines Squid Market Share as fresh squid is preferred over the frozen and prepared varieties because of its taste, texture, and overall quality. However, the fresh squid market has plateaued, showing no substantial growth in recent years. 

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Squid Market Outlook
• Market Size of Philippines Squid Market, 2024
• Forecast of Philippines Squid Market, 2031
• Historical Data and Forecast of Philippines Squid Revenues & Volume for the Period 2021 - 2031
• Philippines Squid Market Trend Evolution
• Philippines Squid Market Drivers and Challenges
• Philippines Squid Price Trends
• Philippines Squid Porter's Five Forces
• Philippines Squid Industry Life Cycle
• Historical Data and Forecast of Philippines Squid Market Revenues & Volume By-Products for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Squid Market Revenues & Volume By Fresh for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Squid Market Revenues & Volume By Frozen for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Squid Market Revenues & Volume By Prepared for the Period 2021 - 2031
• Philippines Squid Import Export Trade Statistics
• Market Opportunity Assessment By-Products
• Philippines Squid Top Companies Market Share
• Philippines Squid Competitive Benchmarking By Technical and Operational Parameters
• Philippines Squid Company Profiles
• Philippines Squid Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Products

• Fresh
• Frozen
• Prepared