Market Research Reports - Ken Research Minola Cooking Oil Revenue Philippines

Philippines Cooking Oil Market Outlook to 2021: Ken Research
The report titled “Philippines Cooking Oil Market by Type (Palm, Coconut, Soyabean, Canola,
Corn and Others), by Region (Luzon, Visayas and Mindanao) - Outlook to 2021” provides a
comprehensive analysis of the cooking oil market in Philippines. The report covers aspects such
as the market size of the Philippines Cooking oil market, market segmentation on the basis of
major regions, distribution channels and by end users. The report also covers the competitive
landscape, government regulations, customer preferences, and value chain analysis of the
cooking oil market in Philippines. In addition to this, the report also covers company profiles
and product portfolio of major players. This report will help industry consultants, cooking oil
manufacturers and traders, distributors, potential entrants and other stakeholders to align their
market centric strategies according to the ongoing and expected trends in the future.
Philippines Cooking Oil Market Introduction
As of 2016, Philippines are one of the largest exporters of coconuts and coconut oil in the
world. However, coconut oil has now become a more export oriented commodity and is used
less for domestic consumption purposes. It is gradually being replaced by palm oil in the recent
years. The cooking oil market in Philippines has increased from ~ Thousand Tons in 2011 to ~
Thousand Tons in 2016 on account of increase in food demand by growing number of
households and expanding health conscious middle class in the country.
Philippines Cooking Oil Market Segmentation
By Regions: The Luzon region in Philippines has gathered the largest share of ~% in terms of
total consumption volume of cooking oil. The major reason behind this has been that this
region comprises of highest number of hotels, guest houses and households in Philippines. As
of 4th December 2017, there are ~hotels, ~ guest houses, ~ specialty lodging and ~ holiday
rental units. Visayas and Mindanao on the other hand have gathered a consumption share of
~% and ~% in 2016 respectively.
By Type of Cooking Oil: The different type of cooking oil in the Philippines cooking oil market
include palm oil, coconut oil, soybean oil, canola oil, corn oil and others. The palm oil has
gathered the largest share of ~% in the Philippines Cooking oil Market with a consumption of ~
Thousand Metric Tons in 2016. It has largest share as it is readily available and is reasonably
priced (average retail price prevailing in Philippines PHP ~ per liter in 2016). Philippines have
been one of the largest producers of coconut oil globally but its share in the domestic
consumption remains lower to around ~% during 2016. In the past 5 years the average imports
of soybean oil has been over ~ tons each year. Soybean oil has accounted for a consumption
volume share of ~% in 2016. Canola oil is only preferred by high income customers which are