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Retail Market in the Philippines by Product and Distribution Channel - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71999
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The retail market share in the Philippines is expected to increase by USD 70.67 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.68%.

This retail market research report of the Philippines provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the retail market segmentation in the Philippines by product (food and beverages, personal and household care, apparel and footwear, electrical and electronics, and others) and distribution channel (offline and online). The retail market report of the Philippines also offers information on several market vendors, including 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. among others.

What will the Retail Market Size in the Philippines be During the Forecast Period?

Download the Free Report Sample to Unlock the Retail Market Size in the Philippines for the Forecast Period and Other Important Statistics

 

Retail Market in the Philippines: Key Drivers and Challenges

The growing demand for convenience food products is notably driving the retail market growth in the Philippines, although factors such as the threat from counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the retail industry in the Philippines. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Retail Market Driver in the Philippines

One of the key factors driving the retail market in the Philippines is the growing demand for convenience food products that require only limited preparation before consumption. The fast-paced and hectic lifestyle and an increase in the number of working women have stimulated the growth of the market. The growth is attributed to the increase in preference for convenience food products, including processed meat and poultry products instead of home-cooked food. The decline in the time spent on household chores (as both men and women are going to work) has resulted in a shift in consumer preferences for convenience food products and eating outside (from fast food and takeaway outlets). Other factors such as the increase in disposable income of the middle-class population especially working women will further stimulate the growth of the market in focus during the forecast period.

Key Retail Market Challenge in the Philippines

One of the key challenges to the retail market in the Philippines is the threat from counterfeit products. The easy availability and increasing sales of numerous counterfeit products ranging from FMCG to electronic goods will make the optimum market penetration difficult for the key players. The counterfeit market is driving the influx of fake products, especially through online/e-commerce platforms, which is adversely affecting the sales of major vendors and hampering the goodwill and image of genuine manufacturers. Moreover, the low-cost counterfeit products are made up of low-quality raw material which can cause serious damage to the health of consumers. Such factors are expected to negatively impact the growth of the market in focus during the forecast period.

This retail market analysis report of the Philippines also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Retail Market Vendors in the Philippines?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • SSI Group Inc.

 

This statistical study of the retail market in the Philippines encompasses successful business strategies deployed by the key vendors. The retail market in the Philippines is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The retail market forecast report of the Philippines offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Retail Market in the Philippines?

To gain further insights on the market contribution of various segments Request for a FREE sample

The retail market share growth in the Philippines by the food and beverages segment will be significant during the forecast period. The growth will be supported by the upward trend in the prices of commodities and an increase in the purchasing power of people in regions such as Manila and Calabarzon that produce the commodities. Moreover, the Philippines is experiencing a growing interest of consumers in imported goods, especially processed foods, which is expected to witness the highest growth rate during the forecast period

This report provides an accurate prediction of the contribution of all the segments to the growth of the retail market size in the Philippines and actionable market insights on post COVID-19 impact on each segment.

 

Retail Market Scope in the Philippines

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.68%

Market growth 2022-2026

$ 70.67 billion

Market structure

Fragmented

YoY growth (%)

10.42

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Retail Market Report of the Philippines?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive retail market growth in the Philippines during the next five years
  • Precise estimation of the retail market size in the Philippines and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of retail market vendors in the Philippines 

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Executive 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

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

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
  • Electrical 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 drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • SSI Group Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The retail market growth will increase by $70674.14 million during 2021-2026.
The retail market is expected to grow at a CAGR of 11.68% during 2021-2026.
Technavio has segmented the retail market by product (Food and beverages, Personal and household care, Apparel and footwear, Electrical and electronics, and Others) ,distribution channel (Offline and Online) , and geographic (The Philippines).
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, SSI Group Inc. are a few of the key vendors in the retail market.
The Philippines will register the highest growth rate of 100.00% among the other regions. Therefore, the retail market in The Philippines is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the retail market growth are:
  • Growing demand for convenience food products
The retail market vendors should focus on grabbing business opportunities from the food and beverages segment as it accounted for the largest market share in the base year.
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