Philippines Hot Dogs & Sausages Market Report - By Product Type Frozen, Refrigerated, By Meat Type Pork, Beef, Chicken, Others (Turkey, Lamb, etc.), By Distribution Channel Online Stores, Supermarkets... ... Stores, Supermarkets/Hypermarkets, Convenience Stores, Specialty Meat Stores, and Others Read more
- Food & Beverages
- Jun 2024
- 116
- PDF, Excel, PPT
Market Definition
Hot dogs and sausages are popular processed meats, where hot dogs made from finely ground beef, chicken, turkey, etc., are pre-cooked and served in between buns, whereas sausages, either fresh, cooked, cured, or smoked, made from various meat varieties and having different seasonings, are used in a wide range of dishes. Both hot dogs and sausages are enjoyed as quick snacks or meals.
Market Insights & Analysis: Philippines Hot Dogs & Sausages Market (2024-30):
The Philippines Hot Dogs & Sausages Market size is estimated to grow at a CAGR of around 4.74% during the forecast period, i.e., 2024-30. In 2024, the market size of hot dogs & sausages in the Philippines is expected to exceed USD 122.89 million. The market growth has been attributed to the cultural significance held by longganisa, or sausages, in Filipino cuisine, where these have been enjoyed as breakfast by individuals belonging to every other age group in the Philippines. Sports events, social gatherings, festivals, etc. also feature hot dogs and sausages as popular food choices over others in the Philippines. Further, the hot dogs and sausages available in the Philippines have a localized and unique blend of taste and nutrition, are sometimes packed with protein, and are considered a good source of energy. As a result, more people tend to consume, driven by their cultural behavior. With that, the Philippines Hot Dogs & Sausages Market has been witnessing growth.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 4.74% |
| Region Covered | Luzon, Visayas, Mindanao |
| Key Companies Profiled | San Miguel Pure Foods Company Inc., Purefoods-Hormel Company, Inc., CDO Foodsphere, Inc., Mekeni Food Corporation, Swift Foods, Inc., Century Pacific Food Inc., Mida Food Distributors Inc., Mighty Meaty Food Corporation, Others |
| Market Value (2024) | USD 122.89 Million |
The expansion of fast-food chains and quick-service restaurants that offer hot dogs and sausages further drives the growth of the Philippines Hot Dogs & Sausages Market
These fast-food chains and restaurants are continuously visited by many people willing to savor the taste of different flavors or categories of sausages and hot dogs. Ultimately, more demand for hot dogs and sausages is generated, which drives the overall market for the same. The increasing disposable income has further led individuals in the Philippines to spend more on processed and convenience food items, including hot dogs and sausages. For instance,
- It was observed that around 31% of Filipino families’ meals were either dine-out or takeaway/delivery in a week in 2023. This percentage has increased from around 27% in 2021.
Further, driven by a rich cultural heritage, hospitality, unique location, and the presence of popular food chains, culinary tourism is increasing in the country. This is expected to increase the popularity of distinctive hot dogs and sausages among travelers drawn to the diverse and flavorful Filipino cuisine and who wish to deepen their understanding of the country’s food and culture. Consequently, the Philippines Hot Dogs & Sausages Market will register an uptrend in market growth. In addition, effective marketing and advertising strategies, such as collaboration with popular personalities employed by the key players, promote consumer interest and drive sales. For instance,
- In 2023, Virginia Food Inc. announced a partnership with TinyTAN, a group of lovable characters created by the members of a well-known boy band group based in Korea. Through this partnership, the company aims to tap into a dedicated fanbase and boost engagement on their hotdog products in the coming years as well.
In the coming years, as well, the factors highlighted above would collectively drive the Philippines Hot Dogs & Sausages Market growth.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Philippines Hot Dogs & Sausages Market Trends & Developments
- Philippines Hot Dogs & Sausages Market Import Export Analysis
- Philippines Hot Dogs & Sausages Market Dynamics
- Drivers
- Challenges
- Philippines Hot Dogs & Sausages Market Regulations, Policies & Standards
- Philippines Hot Dogs & Sausages Market Hotspot & Opportunities
- Philippines Hot Dogs & Sausages Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Size & Analysis
- By Type
- Fresh- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Frozen- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Meat Type
- Pork-Based- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Beef-Based- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Chicken-Based- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Distribution Channels
- Supermarket/Hypermarket- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Grocery Store- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Convenience Stores- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Online Channels- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Flavour
- Sweet- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Savoury- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Spicy- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Smokey- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Region
- Luzon
- Visayas
- Mindanao
- By Competition
- Market Share of Top Companies
- Competition Characteristics
- By Type
- Market Size & Analysis
- Philippines Pork-Based Hot Dogs & Sausages Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Size & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Distribution Channel- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Flavor- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- Philippines Beef-Based Hot Dogs & Sausages Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Size & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Distribution Channel- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Flavor- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- Philippines Chicken-Based Hot Dogs & Sausages Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Size & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Distribution Channel- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By Flavor- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- Philippines Hot Dogs & Sausages Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- San Miguel Pure Foods Company Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Purefoods-Hormel Company, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- CDO Foodsphere, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Mekeni Food Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Swift Foods, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Century Pacific Food Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Mida Food Distributors Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Mighty Meaty Food Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- San Miguel Pure Foods Company Inc.
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making