Market Research Reports - Ken Research Baby Food Statistics Philippines - Ken Research

The growth in female labor force coupled with the increasing disposable income of consumers has been driving the sales of Baby Food Products both in terms of revenue and sales volume within the Philippines: Ken Research “Growing awareness for nutritional management for infants has led many working parents within the Philippines to adopt for healthier organic baby food options in the country.” Population Growth in the Philippines: The Filipino population has crossed around 100 million in the recent years along with its baby population (i.e. 0-4 years) has been evaluated at around 11.5 million as of 2017. In addition to that, heavy promotions done by baby food manufacturers such as discounts, cash-backs, free sampling and other complementary offers have been driving baby food sales in the Philippines. Companies also partner with different entities such as schools. For instance, Reckitt Benckiser promotes its baby food products through branding and collaborating with schools, events and also provides samples. The government of Philippines has been promoting breast feeding in the country. Favorable government regulations such as “lactation station” and maternity leaves have widely benefitted the female working force by providing them with a greater work-life balance. Also, the government is implementing additional policies such as promotion of breastfeeding substitutes as well as distribution of free samples and health workers by working in line with baby food companies. Due to this, people are discouraged to buy infant milk formula thus, impacting the market demand. Major Players: Some of the major players operating within the Philippines baby food market include renowned international companies such as Nestlé SA, Reckitt Benckiser Group Plc, Abbott Laboratories, and others. Their business operations have been further segmented on the basis of baby food categories such as dried baby food, prepared baby food, milk formula and others. Mead Johnson Philippines (now RB Group) was observed to grab second position whereas Nestle took lead in terms of revenue in the year 2018. Milk formula segment was largely dominated by Mead Johnson Philippines. As a result of which, milk formula is expected to remain a competitive segment for multinational companies. Launch of Innovative Products: The market also witnessed to be flourishing along with the integration and launching of new baby food products. Major companies such as Mead Johnson has reformulated Enfagrow A+ Four and now includes MFGM (Milk Fat Globule Membrane), which effectively made milk formula closer to breast milk in terms of health benefits. Conversely, the degree to which consumers believe that milk formula is safe to use is becoming increasingly significant in the country, especially for working mothers. Additionally, new packaging innovations were also initiated in the market by major firms as a unique strategy to