Retail Market Size in the Philippines to Grow by $70.67 Billion | With top vendors including Amazon.com Inc., Cosco Capital Inc. and Fast Retailing Co. Ltd.

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Key Insights from Retail Market Research

• Retail market size in The Philippines increase $70.67 billion at 11.68% CAGR between 2021 and 2026
• Annual growth of 10.42% expected in 2022
• The food and beverage segment accounted for the maximum market growth in 2021
• Major vendors are Amazon.com Inc., Cosco Capital Inc., Fast Retailing Co. Ltd., Mercury Drug Corp., Metro Retail Stores Group Inc., New City Commercial Corp, Robinsons Retail Holding Inc., Seven and I Holdings Co Ltd., SM Investments Corp and SSI Group Inc.

Retail market at The Philippines: Analysis of key segments

Based on product, the food and beverage segment will account for the maximum market share throughout the forecast period. The consumers in The Philippines show great interest in imported products, especially processed foods. This encourages players operating in the food and beverage industry to enter the market and introduce a wide range of ready-to-eat food products. These factors are driving the market growth in the food and beverage segment.

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Retail market at The Philippines: Drivers of growth and brakes

The retail market in The Philippines is driven by the growing demand for ready-to-eat food products. The demand for ready meals is on the rise in The Philippines due to the increase in the number of working women and the increase in busy schedules. Also, home cooked meals have to be prepared from scratch and are time consuming. With men and women going to work, there has been a decline in the traditional method of cooking food and created a demand for ready-to-eat food products. To take advantage of the growing demand, suppliers operating in the food industry are increasingly offering ready-to-eat food products such as nuggets, fresh sausages, hot dogs, platters, sandwiches and salami. Meat product manufacturers are also striving to make their products available in various forms such as chilled, frozen and canned through retail channels. All these factors are contributing significantly to the growth of the retail market in The Philippines.

“Although the growing popularity of private label and rising importance of in-store bakeries in supermarkets will further drive the market growth, the threat of counterfeit products could reduce growth opportunities for market players,” says an analyst by Technavio.

The retail market report answers questions such as:

• Is the market structure fragmented or concentrated?
• What was the market size in 2021 and the forecast for the retail market to 2026?
• What are the best segments to invest in during the forecast period?
• What is the market share of dominant and powerful vendors in the retail market?
• What are the latest trends and regulatory frameworks in the retail market?

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Contents:

Summary

Market landscape

• Market ecosystem
• Value chain analysis

Market sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market Outlook: Forecast for 2021 – 2026

Five forces analysis

• Summary of the five forces
• The bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• The threat of substitutes
• Threat of rivalry
• Market state

Market segmentation by product

• Market segments
• Comparison by product
• Food and beverages – Market size and forecast 2021-2026
• Personal and household care – Market size and forecast 2021-2026
• Apparel and footwear – Market size and forecast 2021-2026
• Electricity and electronics – Market size and forecast 2021-2026
• Others – Market size and forecast 2021-2026
• Market opportunity by product

Market segmentation by distribution channel

• Market segments
• Comparison by distribution channel
• Offline – Market size and forecast 2021-2026
• Online – Market size and forecast 2021-2026
• Market opportunity by distribution channel

Customer landscape

• Market factors
• Market challenges
• Market trends

Supplier Landscape

• Supplier Landscape
• Landscape disturbance

Vendor analysis

• Suppliers Covered
• Positioning on the supplier market
• Amazon.com Inc.
• Cosco Capital Inc.
• Fast Retailing Co.Ltd.
• Mercury Drug Corp.
• Metro Retail Group Inc.
• New Town Trading Company
• Robinsons Retail Holding Inc.
• Seven and i Holdings Co. Ltd.
• SM Investments Corp
• SSI Group Inc.

Annex

• Report scope
• Currency conversion rates for the US dollar
• Research methodology
• Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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