Philippines’s Prebiotics industry | Opportunities | Upcoming Projects|Investment opportunities |Forecast to 2022
Market Entry - Prebiotics Industry in Philippines: Analysis of Growth, Trends and Progress (2017 - 2022)

PUBLISHED

DEC 2017

Market Entry - Prebiotics Industry in Philippines: Analysis of Growth, Trends and Progress (2017 - 2022)

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About the Market

By application, the global prebiotics market is segmented into food and beverage, dietary supplements, and animal feed. Dairy, baked food, cereals, dry food, and fermented meat products come under the food and beverage segment. Prebiotic dairy products & infant formulations have witnessed maximum new products being launched over the past three years. Inulin promotes intestinal bacteria growth while enhancing mineral absorption. While it is suitable for diabetics, it also potentially helps in improving blood sugar-related illness effects. Chicory roots, acacia gums, lactose, and starch are key raw materials. Belgium, France, and the Netherlands are considered as the largest chicory root manufacturers, which would ensure easy raw material availability to manufacturing companies located in Europe; as it significantly impacts the global prebiotics market price trend. Increasing prevalence of CVD, diabetes as well as gut related diseases should drive awareness levels of the benefits provided by these ingredients, resulting in strong penetration of dietary supplements and functional foods. In addition, increasing consumer awareness regarding health benefits of prebiotics, coupled with rising instances of chronic diseases on account of sedentary lifestyle among young population in the region is expected to drive the market. Prebiotic food products and supplements manufacturers include Roquette America Inc., Abbott Nutrition, Friesland Campina, Cargill, Clasado Ltd., Beghin and Jarrow Formulas. Beneo-Orafti SA is involved in production and sales of inulin and oligofructose food ingredients derived from chicory. Beneo, Roquette, Coscura and Weetabix together accounted for close to 20% market share, in 2022.

About the Geography                  

The Philippines is one of the largest markets in Southeast Asia with an estimated 103 million people and ruled by a presidential democratic republic. With the 12th largest population and the 30th largest economy, there is certainly scope for development, as it has grown from being an agriculture-based toservices-based economy in the early 21st-century.

In comparison to its neighbors like Indonesia, Malaysia, and Thailand, Philippines have failed to meet expectations in terms of the volume of FDI. However, recent economic resurgence brought about by strong and consistent economic growth since 2010, new anti-corruption measures and credit rating upgrades have improved their international reputation and created a new impetus for attracting FDI’s into the country. The Aquino government helped with this by the passage of laws to liberalize the entry of foreign banks into the country, relaxing the Cabotage law allowing foreign vessels to ply import and export within the archipelago. The Customs Tariff and Modernization Act of 2016 to meet international standards, reflects efforts of the nation towards increasing FDI.

In spite of all this, the World Bank ranked the Philippines at the 103rd place (out of 185 economies) for ease of doing business. The major challenges for doing business include bureaucracy, corruption, restrictions on ownership of land by foreign companies, and restrictions on investment in certain sectors. The islands of Philippines are strategically placed among high growth countries like Mainland China, Malaysia, and Singapore, which makes it easier for export to these Asian countries. Also, a large English-speaking population and strong services sector are factors that make the Philippines an obvious choice for companies looking to take advantage of the low domestic wages and an educated workforce.

Component Name

Unit

From Site

GDP

USD billion

291.97

GDP Annual Growth Rate

%

7

GDP Per Capita

USD

2635.04

Employment Rate

%

94.6

Wages

USD/Month

170.436

Inflation Rate

%

2.3

Consumer Price Index (CPI)

Index Points

144.6

Interest Rate

%

3%

Loans to Private Sector

USD million/billion

100,555.083 million

Balance of Trade

USD million/billion

(-2.02 billion)

Business Confidence

(No Units)

45.4

Manufacturing PMI

Index Points

57.5

Ease of Doing Business

(No Units)

103

Competitiveness Rank

(No Units)

57

Corruption Rank

(No Units)

95

Consumer Confidence

(No Units)

2.5

Consumer Spending

USD million/billion

28,784.38 million

Bank Lending Rate (Consumers)

%

5.68

Corporate Tax Rate

%

30

Sales Tax Rate

%

12

                

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Prebiotics Industry (USD millions)

                4.1 By Types

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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