Philippines Cooking Oil Market Outlook to 2021
By Type (Palm, Coconut, Soyabean, Canola, Corn and Others), by Region (Luzon, Visayas and Mindanao)
January 2018
118
About the Report
About the Report
The report titled "Philippines Cooking Oil Market by Type (Palm, Coconut, Soyabean, Canola, Corn and Others), by Region (Luzon, Visayas and Mindanao) - Outlook to 2021" provides a comprehensive analysis of the cooking oil market in Philippines. The report covers aspects such as the market size of the Philippines Cooking oil market, market segmentation on the basis of major regions, distribution channels and by end users. The report also covers the competitive landscape, government regulations, customer preferences, and value chain analysis of the cooking oil market in Philippines. In addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, cooking oil manufacturers and traders, distributors, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Philippines Cooking Oil Market Introduction
As of 2016, Philippines are one of the largest exporters of coconuts and coconut oil in the world. However, coconut oil has now become a more export oriented commodity and is used less for domestic consumption purposes. It is gradually being replaced by palm oil in the recent years. The cooking oil market in Philippines has increased from ~ Thousand Tons in 2011 to ~ Thousand Tons in 2016 on account of increase in food demand by growing number of households and expanding health conscious middle class in the country.
Philippines Cooking Oil Market Segmentation
By Regions: The Luzon region in Philippines has gathered the largest share of ~% in terms of total consumption volume of cooking oil. The major reason behind this has been that this region comprises of highest number of hotels, guest houses and households in Philippines. As of 4th December 2017, there are ~hotels, ~ guest houses, ~ specialty lodging and ~ holiday rental units. Visayas and Mindanao on the other hand have gathered a consumption share of ~% and ~% in 2016 respectively.
By Type of Cooking Oil: The different type of cooking oil in the Philippines cooking oil market include palm oil, coconut oil, soybean oil, canola oil, corn oil and others. The palm oil has gathered the largest share of ~% in the Philippines Cooking oil Market with a consumption of ~ Thousand Metric Tons in 2016. It has largest share as it is readily available and is reasonably priced (average retail price prevailing in Philippines PHP ~ per liter in 2016). Philippines have been one of the largest producers of coconut oil globally but its share in the domestic consumption remains lower to around ~% during 2016. In the past 5 years the average imports of soybean oil has been over ~ tons each year. Soybean oil has accounted for a consumption volume share of ~% in 2016. Canola oil is only preferred by high income customers which are extremely health conscious as it is expensive than other oils. Canola oil and corn oil have captured a consumption volume share of ~% and ~% respectively during 2016.
By End Users: The end-users in the Philippines cooking oil market include the commercial and the residential sector. The cooking oil consumption from commercial sector includes the Manufacturers of packaged foods, Hotel Chains and Hawkers. The Commercial Sector has accounted for the lion’s share of in the total consumption volume of cooking oil in Philippines. This has been on account of the bulk purchases made by these entities. The cooking oil consumption from residential sector includes the consumption of the households. The Residential Sector has comprised of a minor share of only ~% in the total consumption volume of cooking oil in Philippines.
By Distribution Channel: The different distribution channels include Traditional markets, Direct Sale by Manufactures/traders & distributors, Supermarkets/hypermarkets and through online websites. The traditional markets in Philippines include the wet markets, sari-sari stores/mom & pop stores. These traditional markets have accounted for the share of ~% in the consumption volume during 2016 as they provide products at lower prices than those in supermarkets. The direct sale by manufacturers/traders and distributors has accounted for the second largest share of ~% in the total volume sales of cooking oil in Philippines. On the other hand, Supermarkets and hypermarkets have gathered a volume share of ~%, they are mostly located inside shopping malls, department stores or within a commercial complex. Online channels have accounted for the lowest share of ~% in the total volume sales in Philippines during 2016. The major online sites through which oil is sold include Lazada, Zalora and others.
Competition Scenario in Philippines Cooking Oil Market
The Philippines Cooking Oil Market is traditionally dominated by the unorganized sector on account of providing the cooking oil at a lower cost than the organized players in the Industry. The major organized players include Minola, Golden Fiesta, Baguio, Marca Leon and others. The organized players face tough competition from the unorganized market entities. These organized players compete majorly on the basis of price, packaging and types of products offered.
Future Outlook and Projections for Philippines Cooking Oil Market
It has been anticipated that the consumption of cooking oil will rise from ~ thousand tons in the year 2017 to ~ Thousand Tons in the year 2019. The expected increase in the demand for cooking oil will be on account of the amplifying number of households in the country. The total number of households are expected to increase from ~ Million 2017 to ~ Million in 2019. In the long term the market for cooking oil in Philippines is anticipated to increase from ~ thousand tons in the year 2019 to ~ thousand tons in the year 2021. The major growth in the Philippines food manufacturing industry in the period 2019-2021 will increase Philippines cooking oil market. The food manufacturing industry is estimated to grow from USD ~ Million in 2019 to USD ~ Million in 2021. Canola oil and blended oils will be the upcoming oils in the country.
Key Topics Covered in the Report:
- Philippines Cooking Oil Market Overview
- Value Chain in Cooking Oil Market
- Philippines Cooking Oil Market Size by Value and Volume, 2011-2016
- Philippines Cooking Oil Market Segmentation on the basis of major regions, distribution channel, end users and by type of cooking oil.
- Investment Model to Set up a Coconut Oil Refinery in Philippines
- Company Profile of Major Players in Philippines Cooking Oil Market
- Trends, Developments, Growth Drivers, Restraints and Government Regulation in Philippines Cooking Oil Market.
- Philippines Cooking Oil Market Future outlook and Projections
- Analyst Recommendation
Products
Products
Palm Oil, Cocunut Oil, Canola Oil, Corn Oil, Soyabean Oil, Olive Oil
Companies
San Pablo MGF Corp - Minola, Malabon Soap And Oil Industrial Co Inc - Spring Cooking Oil, Macra Leon, Magic Fry, International Oil Factory (Baguio Oil), UFC Philippines (Golden Fiesta), AD Gothong Manufacturing Corporation (Bambi), Fly Ace Corporation (Dona Elena), Magnolia Nutri-Oil, Saji Cooking Oil, Oleo Fats, Mazola Oil
Table of Contents
Table of Contents
1. Executive Summary
Intorduction to Philippines cooking Oil Market
Market Segmentation of Philippines Cooking Oil Market
Trends and Developments in the Philippines Cooking Oil Market
Competiotion Scenario in Philippines Cooking Oil market
Future Projections and Outlook for Phillipines Cooking Oil Market
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing - Philippines Cooking Oil MArket
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Limitations
Final Conclusion
3. Philippines Cooking Oil- Overview and Genesis
End User Analysis in Philippines Cooking Oil Industry
4. Philippines Cooking Oil Market Size, 2011-2016
5. Value Chain Analysis in Philippines Cooking Oil
Challenges Faced at Different Levels of Value Chain
6. Philippines Cooking Oil Market Segmentation
6.1. By Type of Cooking Oil (Palm, Coconut, Soybean, Canola, Corn and Others), 2016
6.1.1. Snapshot of Philippines Palm Oil Market
Introduction
Philippines Palm Oil Market Size, 2011-2016
SWOT Analysis for Palm Oil Market
Support for Palm Oil Industry Provided by PCA
6.1.2. Snapshot on Philippines Coconut Oil Market
Labelling Requirements for Coconut Oil in Philippines
SWOT Analysis for Coconut Oil Market
6.2. By Distribution channel (Traditional Markets, Direct Sales by Manufacturers/Traders and Distributor Led Sales to Hotels and Restaurants, Supermarket and Hypermarkets and Online), 2016
6.3. By Region (Luzon, Visayas and Mindanao), 2016
6.4. By End-Users for Palm Oil (Commercial Sector and Residential Sector), 2016
7. Trends and Developments in Philippines Cooking Oil Market
7.1. Shift in Preference from Coconut Oil to Palm Oil
7.2. Decline in the Share of Traditional Markets
7.3. Increase in the Health Conscious Customers
7.4. Increase in the Consumption of Packaged Food Products
8. Issues and Challenges in Philippines Cooking Oil Market
8.1. Aging Coconut Trees
8.2. Low Per-Capita Consumption
9. Government Rules & Regulations Philippines Cooking Oil market
10. Buying Decision Parameters of Major End-Users for Philippines Cooking Oil Market
11. SWOT Analysis for Philippines Cooking Oil Market
12. Trade Scenario in Philippines Cooking Oil market
12.1. Imports of Major Types of Cooking Oil in Philippines
Palm Oil
Coconut Oil
Soybean Oil
Corn Oil
12.2. Exports of Major Types of Cooking Oil in Philippines
Palm Oil
Coconut Oil
Soybean Oil
Corn Oil
13. Competitive Landscape in Philippines Cooking Oil Market
13.1. Heat Map of Major Brands in Philippines Cooking Oil Market
13.2. Company Profiles of Major Manufacturers in Philippines Cooking Oil Market
Malabon Soap And Oil Industrial Co Inc (Spring Cooking Oil)
San Pablo MFG Corp (Minola)
Marca Leon
Magic Fry
(International Oil Factory) Baguio Oil
UFC Philippines Inc (Golden Fiesta)
AD Gothong Manufacturing Corporation (Bambi)
Fly Ace Corporation (Dona Elena)
13.3. Other Players in Philippines Cooking Oil Market
13.4. Comparison Matrix of the Major Players in the Philippines Cooking Oil Market, 2016
14. Investment Model in Philippines Cooking Oil Market
Assumptions for Setting up a Coconut Oil Refinery in Philippines
Capital Requirements and Cost Incurred
Revenue and Key Performance Indicators
15. Future Outlook and Projections for Philippines Cooking Oil Market, 2017-2021
15.1. Segmentation by Type of Oil, 2017-2021
15.2. Segmentation by End-Users, 2021
15.3. Segmentation by Distribution Channel, 2021
16. Analyst Recommendations for Philippines Cooking Oil Market
17. Macroeconomic Factors in Philippines Cooking Oil Market
17.1. Philippines Coconut Production, 2011-2021
17.2. Philippines Coconut Consumption, 2011-2021
17.3. Population of Philippines, 2011-2021
17.4. Total Number of Households in Philippines, 2011-2021
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List of Figure
Figure 1-1: Flow Chart for Philippines Cooking Oil Market by Consumption Volume in Thousand Tons, 2016
Figure 4-1: Philippines Cooking Oil Market Size on the basis of Consumption Volume in Thousand Tons and Growth Rate in Percentage (%), 2011-2016
Figure 4-2: Philippines Cooking Oil Market Size on the basis of Revenue in USD Million and Growth Rate in Percentage (%), 2011-2016
Figure 5-1: Value Chain for Philippines Cooking Oil Market
Figure 6-1: Revenue for Major Types (Palm, Coconut, Soybean, Canola and Corn) of Cooking Oil in Philippines Cooking Oil Market in USD Million, 2011 and 2016
Figure 6-2: Philippines Palm Oil Market Size on the Basis of Consumption Volume in Thousand Tons and Revenue in USD Million, 2011-2016
Figure 6-3: Philippines Coconut Oil Market Size on the Basis of Consumption Volume in Thousand Tons and Revenue in USD Million, 2011-2016
Figure 6-4: Philippines Cooking Oil Market Segmentation by Distribution Channel (Traditional Market, Direct Sales by Manufacturers/Traders and Distributors, Supermarkets and Hypermarkets and Online) on the Basis of Total Consumption Volume in Percentage (%), 2016
Figure 6-5: Philippines Cooking Oil Market Segmentation by Region on the Basis of Consumption Volume in Percentage (%), 2016
Figure 6-6: Philippines Palm Oil Market Segmentation by End Users (Commercial Customers and Retail Customers) on the basis of Consumption Volume in Percentage (%), 2016
Figure 7-1: Average Price for Coconut and Palm Oil in Philippines in PHP per Liter, 2011-2016
Figure 7-2: Retail Sales in Philippines through Supermarkets and Hypermarkets in USD Billion, 2011-2016
Figure 7-3: Total Population in the Health Conscious Age Group in Philippines in Million, 2011-2016
Figure 7-4: Retail Sales for Packaged Products in USD Million, 2011-2016
Figure 8-1: Per Capita Consumption of Cooking Oil in Major Asian Countries, 2016
Figure 13-1: Revenue and Profit after Tax (PAT) of Malabon Soap and Oil Industrial Co Inc in PHP Thousand, 2011-2015
Figure 13-2: EBITDA of Malabon Soap and Oil Industrial Co Inc in PHP Thousand, 2011-2014
Figure 13-3: Revenue, Profit after Tax (PAT) and EBITDA of Ad Gothong Manufacturing Corporation (Bambi) in PHP Thousand, 2011-2015
Figure 13-4: Revenue and Profit after Tax (PAT) of Fly Ace Corporation (Dona Elena) in PHP Thousand, 2011-2015
Figure 15-1: Philippines Cooking Oil Market Future Projections on the Basis of Consumption Volume in Thousand Tons and Growth Rate in Percentage (%), 2017-2021
Figure 15-2: Philippines Palm Oil Market Future Projections by End-Users on the Basis of Consumption Volume in Percentage (%), 2021
Figure 15-3: Philippines Cooking Oil Market Future Outlook and Projections by Distribution Channel on the Basis of Consumption Volume in Percentage (%), 2021
Figure 17-1: Total Coconut Production in Million Tons in Philippines, 2011-2021
Figure 17-2: Total Coconut Consumption (Copra) in Million Tons in Philippines, 2011-2021
Figure 17-3: Total Population of Philippines in Million, 2011-2021
Figure 17-4: Total Number of Households in Philippines in Million, 2011-2021
List of Table
Table 2-1: Correlation Matrix of Philippines Cooking Oil Market
Table 2-2: Regression Coefficients Output for Philippines Cooking Oil Market
Table 3-1: Philippines Cooking Oil Market Introduction and Genesis
Table 3-2: Production of Major Cooking Oil Crops in Philippines in Thousand Tons, 2011-2016
Table 3-3: End User Analysis in Philippines Cooking Oil Industry on the Basis of Ranking and Description
Table 4-1: Drivers for Philippines Cooking Oil Market and Year-on-Year Developments, 2011-2016
Table 5-1: Key Takeaways from Philippines Cooking Oil Value Chain
Table 5-2: Region Wise Coconut Oil Refining Capacity in Philippines in Metric Tons, 2016
Table 5-3: Key Challenges Faced at different Stages of Value Chain in Philippines Cooking Oil Market, 2016
Table 6-1: Rationale and Description for Philippines Cooking Oil Market Segmentation by Type of Cooking Oil (Palm, Coconut, Soybean, Canola, Corn and Others) with Best Selling Products in the Market, 2011-2016
Table 6-2: Philippines Cooking Oil Market Segmentation by Type of Cooking Oil on the Basis of Total Consumption Volume in Thousands Metric Ton, 2011-2016
Table 6-3: Philippines Cooking Oil Market Segmentation by Type of Cooking Oil on the Basis of Total Consumption Volume in Percentage (%), 2011-2016
Table 6-4: Comparison Matrix for Different Types of Cooking Oils on the Basis of Target Population, Average Price, CAGR and Major Players
Table 6-5: Rationale and Description of Philippines Palm Oil Market Size on the Basis of Consumption Volume in Thousand Tons and Consumption Value in USD Million, 2011-2016
Table 6-6: SWOT Analysis of Philippines Palm Oil Market
Table 6-7: Snapshot on Philippines Coconut Oil Market Including Overview & Market Size, Competition, Price and Future
Table 6-8: SWOT Analysis of Philippines Coconut Oil Market
Table 6-9: Philippines Cooking Oil Market Segmentation by Distribution Channel (Traditional Markets, Direct Sales by Manufacturers/Traders and Distributor Led Sales to Hotels and Restaurants, Supermarket and Hypermarkets and Online) on the Basis of Consumption Volume in Million Metric Tons, 2016
Table 6-10: Philippines Oil Market Segmentation by Region (Luzon, Visayas and Mindanao) on the Basis of Total Consumption Volume in Million Metric Tons, 2016
Table 6-11: Household Population, Number of Households and Average Household Size of Philippines on the Basis of Region, 2015
Table 6-12: Comparison Matrix for Palm Oil on the basis of End-Users by Purchase Patterns, Purchase Channel, Major Brands and Clusters
Table 6-13: Philippines Palm Oil Market Segmentation by End Users (Commercial Customers and Retail Customers) on the basis of Consumption Volume in Thousand Tons, 2016
Table 7-1: Total Number of Stores for the Major Supermarkets in Philippines, 2016
Table 9-1: Government Rules and Regulations Concerning Philippines Cooking Oil Market, 2016
Table 10-1: Buying Decision Parameters for Food Manufacturers and Hotel Chains & Restaurants in Philippines Cooking Oil Market, 2016
Table 10-2: Buying Decision Parameters for Residential Sector in Philippines Cooking Oil Market, 2016
Table 11-1: SWOT Analysis of Philippines Cooking Oil Market, 2016
Table 12-1: Total Palm Oil Imports in Philippines by Quantity in Tons, 2012-2016
Table 12-2: Total Palm Oil Imports in Philippines by Value in USD Thousand, 2012-2016
Table 12-3: Total Coconut Oil Imports in Philippines by Quantity in Tons, 2012-2016
Table 12-4: Total Coconut Oil Imports in Philippines by Value in USD Thousand, 2012-2016
Table 12-5: Total Soybean Oil Imports in Philippines by Quantity in Tons, 2012-2016
Table 12-6: Total Soybean Oil Imports in Philippines by Value in USD Thousand, 2012-2016
Table 12-7: Total Corn Oil Imports in Philippines by Quantity in Tons, 2012-2016
Table 12-8: Total Corn Oil Imports in Philippines by Value in USD Thousand, 2012-2016
Table 12-9: Total Palm Oil Exports in Philippines by Quantity in Tons, 2012-2016
Table 12-10: Total Palm Oil Exports in Philippines by Value in USD Thousand, 2012-2016
Table 12-11: Total Coconut Oil Exports in Philippines by Quantity in Tons, 2012-2016
Table 12-12: Total Coconut Oil Exports in Philippines by Value in USD Thousand, 2012-2016
Table 12-13: Total Soybean Oil Exports in Philippines by Quantity in Tons, 2012-2016
Table 12-14: Total Soybean Oil Exports in Philippines by Value in USD Thousand, 2012-2016
Table 12-15: Total Corn Oil Exports in Philippines by Quantity in Tons, 2012-2016
Table 12-16: Total Corn Oil Exports in Philippines by Value in USD Thousand, 2012-2016
Table 13-1: Heat Map for Major Companies in Philippines Cooking Oil Market
Table 13-2: Competitive Landscape for Malabon Soap And Oil Industrial Co Inc (Spring Cooking Oil) including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-3: Competitive Landscape for Minola including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-4: Competitive Landscape for Marca Leon including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-5: Competitive Landscape for Magic Fry including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-6: Competitive Landscape for Baguio Oil including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-7: Competitive Landscape for Golden Fiesta including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-8: Competitive Landscape for Ad Gothong Manufacturing Corporation (Bambi) including Company Overview, USP, Future Business Strategies, Production Capacity and Other Parameters
Table 13-9: Description for the Other Players in the Philippines Cooking Oil Market
Table 13-10: Comparison Matrix of the Major Players in the Philippines Cooking Oil Market on the basis of Cooking Oil Sold, Price, Production capacity and Strengths, 2016
Table 13-11: Strength and Weakness of the Major Players in the Philippines Cooking Oil Market, 2016
Table 14-1: Assumptions for Setting up a Coconut Oil Refinery in Philippines
Table 14-2: Prices of the Necessary Equipment Required for Setting-up a VCO Processing Plant in USD, 2016
Table 14-3: Capital Requirements and Variable Cost for Setting up a Coconut Oil Refinery in USD in Philippines
Table 14-4: Revenue and Key Performance Indicators for Setting up a Coconut Oil Refinery in Philippines
Table 15-1: Philippines Cooking Oil Market Future Outlook and Projections, 2017-2021
Table 15-2: Philippines Cooking Oil Market Future Outlook by Type of Oil on the Basis of Consumption Volume in Thousand Tons, 2017-2021
Table 15-3: Philippines Cooking Oil Market Future Outlook by Type of Oil on the Basis of Consumption Volume in Percentage (%), 2017-2021
Table 15-4: Philippines Cooking Oil Market Future Outlook by Type of Oil on the Basis of Consumption Volume in Thousand Tons, 2017-2021
Table 15-5: Philippines Palm Oil Market Future Outlook by End-Users on the Basis of Consumption Volume in Thousand Tons, 2021
Table 16-1: Analyst Recommendations for Philippines Cooking Oil Market
Table 17-1: Rationale and Description for Philippines Coconut Production, 2011-2021
Table 17-2: Rationale and Description for Philippines Coconut Consumption (Copra), 2011-2021
Table 17-3: Rationale and Description for Total Population in Philippines, 2011-2021
Table 17-4: Rationale and Description for Total Number of Households in Philippines, 2011-2021
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