Philippines Hot Dogs & Sausages Market Research Report: Forecast (2024-2030)
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/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.
Philippines Hot Dogs & Sausages Market Driver:
Growing Employment Accompanied by a Busier Lifestyle – In the Philippines, a significant proportion of individuals are employed and follow a busier lifestyle. During 2019-23, the total FDI in the Philippines exceeded USD 20 billion. This has resulted in a gradual decline in the unemployment rate (3.9% in March 2024). As per the Philippines Statistics Authority, in 2022, the country’s labor force participation rate increased from 61.3% in 2019 to 64.9% in 2023. As a result, the need for quick meals or snacks that are easily available has been soaring over the past couple of years. The demand is further boosted by the fact that hot dogs and sausages are good, cheapest, and easily available sources of meat, and one need not prepare complex meat dishes to fulfill their desire to have meat. This becomes more crucial for the young population, especially.
Philippines Hot Dogs & Sausages Market Challenge:
Rising Health Concerns Among Consumers Coupled with Issues Related to Food Safety – Consumers in the Philippines are gradually becoming conscious of the implications of consuming processed meats, like high levels of sodium and preservatives, and the potential risk of cancer, cardiovascular disorders, etc. This gradual transition in eating patterns is likely to negatively impact the demand for hot dogs and sausages in the country.
Also, there have been recurrent food safety scandals and quality control issues related to the meat used in hot dogs and sausages. This has impacted the market by completely eroding the trust of consumers in any such products. For instance, in 2023, the public based in the Northern Mindanao region of the Philippines was warned by the National Meat Inspection Service Regional Technical Operation Center against buying meat products on account of growing cases of bumblefoot disease. Moreover, these issues, including instances of food contamination, mislabeling, and the use of substandard food ingredients, have heightened scrutiny and regulatory pressure in the country. This has further challenged the market by necessitating stricter compliance measures and reducing consumers' confidence.
Philippines Hot Dogs & Sausages Market Trend:
Growing Preference for Vegan Plant-Based and Clean-Label Hot Dogs & Sausages – Consumers in the Philippines have become aware of the damaging effects of animal meat-based hot dogs and sausages on the environment as well as on the health of a person. This has led them to adopt vegan plant-based hot dogs and sausages as an alternative to animal-meat-based ones. Further, plant-based sausages not only offer various benefits, such as low saturated fat and high fiber, but also have similar meat texture, flavor, and appearance to traditional meat sausages. For instance,
- In 2021, San Miguel Foods rolled out Veega as the company’s first plant-based and meat-free vegetarian line that comes in five variants, including sausages.
Further, in the Philippines, consumers are becoming more conscious of the ingredients in their food, and the demand for hot dogs and sausages that are clean-labeled, minimally processed, and with no additives or preservatives is increasing. Hence, the trend of consuming vegan plant-based and clean-label hot dogs & sausages would grow in the forthcoming years.
Philippines Hot Dogs & Sausages Market (2024-30): Segmentation Analysis
The Philippines Hot Dogs & Sausages Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the national level. Based on the analysis, the market has been further classified as:
Based on Meat Type:
- Pork
- Beaf
- Chicken
- Others
Of them all, the pork meat type acquired a significant market share in the Philippines Hot Dogs & Sausages Market. The segmental market growth is because pork meat has been culturally preferred as a staple meat in Filipino cuisines. Further, in terms of affordability, pork meat is often more affordable than beef, chicken, etc. in the Philippines. As a result, hot dogs and sausages made from pork are more accessible to the larger population, thereby driving their dominance in the overall market. The pork industry is enormously developed in the Philippines and has a strong delivery chain that ensures the smooth availability of pork to the food provider enterprise. In addition, the country’s policies and subsidies in large part help the pork industry, which includes its production, farming, and processing, which helps hold the dominance of pork-based hot dogs and sausages.
Based on the Distribution Channel:
- Online Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Meat Stores
Among them, the Supermarkets/Hypermarkets segment ruled the Philippines Hot Dogs & Sausages Market with the largest market share in 2023. However, revenue via online stores is registering exponential growth, and they are anticipated to maintain a substantial market share by 2030. This may be attributed to increasing smartphone and internet penetration, which has increased customer accessibility through online food systems. Also, the extent of comfort and accessibility presented using online systems, wherein customers, particularly those with busy lifestyles, can buy hot dogs and sausages within the comfort of their homes or offices without standing in lengthy queues, augments the growth of this segment.
Moreover, companies like Virginia Food, Inc., CDO Foodsphere, Inc., etc. have also expanded their reach across the Philippines through these online stores. Additionally, online stores frequently offer discounts, promotions, and loyalty programs that customers find attractive and more economical than buying hot dogs and sausages at retail stores.
Gain a Competitive Edge with Our Philippines Hot Dogs & Sausages Market Report
- The Philippines Hot Dogs & Sausages Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- The Philippines Hot Dogs & Sausages Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
Frequently Asked Questions
- 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