Philippines Ice Cream Market

Philippines Ice Cream Market Overview:

The Philippines ice cream market size reached USD 341.90 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 436.45 Million by 2033, exhibiting a growth rate (CAGR) of 2.80% during 2025-2033. The market is characterized by the introduction of innovative flavors, health-conscious options, and a shift towards sustainability. New product introductions feature exotic, spicy flavors and functional ingredients, while brands also focus on eco-friendly packaging to cater to growing environmental concerns.

Philippines Ice Cream Market Trends:

Rise of Premium and Artisanal Ice Cream

The Philippines' ice cream industry has experienced a drastic change towards premium and artisanal products, as consumers look for distinctive and superior products. The trend is driven by the rising demand for decadent, gourmet flavors, rare ingredients, and a customized ice cream experience. Artisanal ice cream companies are taking the lead with small-batch manufacturing, emphasizing original flavors and domestic ingredients like ube, mangga, and leche flan. Increased food tourism has also been a significant factor, as consumers try out new combinations of flavors inspired by international culinary trends. For example, in May 2024, The Buzzz Ice Cream of Bohol Bee Farm Cebu opened its first franchise at Robinsons Cybergate, offering artisanal ice cream made from locally sourced ingredients and promoting sustainable agriculture. Additionally, upscale ice cream is highly popular with city residents, who are happy to pay extra for healthier, more authentic, and decadent frozen desserts. This transformation into artisanal and high-end ice cream brands has given rise to small, neighborhood ice cream shops and pop-up stores with exclusive experiences for customers.

Expansion of Health-Conscious and Low-Sugar Options

With increasing health-awareness, the Philippines ice cream market is also witnessing a strong demand for low-sugar, dairy-free, and keto products. For instance, in August 2023, Papa Diddi's Handcrafted Ice Cream launched eight new "Filipino Pride" flavors in celebration of Quezon City Day. The unique creations honor provinces represented by the sun's rays on the Philippine flag, featuring locally sourced ingredients and diverse, rich flavors. Moreover, consumers are looking for foods that suit their dietary needs as part of the global wellness revolution and increasing sensitivity to the health effects of sugar. Manufacturers are reacting by launching new-age products with novel formulations, including plant-based ice creams from coconut milk, almond milk, and soy milk. These alternatives provide indulgence guilt-free, also catering to the needs of lactose-intolerant and vegans. Additionally, low-sugar, no-add-sugar, and probiotic-enriched options are fast emerging as popular choices with people seeking methods for indulging while still sticking to their health-oriented goals. Such success among such products points toward an essential behavior change on part of consumers wherein ice cream has come to be considered not merely a dessert item but an integrated component of well-balanced lifestyles. This health-focused segment is likely to keep growing in the years to come.

Increasing Popularity of Online and Delivery Services

As the food and beverage (F&B) sector digitalizes, internet and delivery outlets are increasingly asserting themselves as leaders in the Philippines' ice cream market. Internet-based platforms and food delivery mobile applications are changing the way ice cream is being consumed, facilitating it to become more accessible from the comfort of one's home. This phenomenon is especially strong during off-peak periods, such as summer and the holidays, when consumers are most likely to indulge in ice cream. Ice cream companies are taking advantage of social media to connect with customers, market limited time promotions, and induce impulse buys. In addition, collaborations with leading delivery platforms have enabled ice cream companies to reach new segments of customers and cover a wider base of the archipelago. The convenience of home delivery and digital ease is also likely to fuel further growth in the ice cream market, particularly among young, digitally engaged consumers.

Philippines Ice Cream Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on flavor, category, product and distribution channel.

Flavor Insights:

• Chocolate
• Fruit
• Vanilla
• Others

The report has provided a detailed breakup and analysis of the market based on the flavor. This includes chocolate, fruit, vanilla, and others.

Category Insights:

• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream

A detailed breakup and analysis of the market based on the category have also been provided in the report. This includes impulse ice cream, take-home ice cream, and artisanal ice cream.

Product Insights:

• Cup
• Stick
• Cone
• Brick
• Tub
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes cup, stick, cone, brick, tub, and others.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Convenience Stores
• Ice cream Parlours
• Online Stores
• Others

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, ice cream parlours, online stores, and others.

Regional Insights:

• Luzon
• Visayas
• Mindanao

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, Mindanao.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Philippines Ice Cream Market News:

• In January 2024, tilapia ice cream, developed by food scientists at Central Luzon State University, won top honors at the NSAARRD 2023. The unique product provides a protein-rich, fish-flavored alternative, aiming to address malnutrition while offering a fish-free taste, now available through Daerrys product lines in select locations.
• In October 2023, Carmen's Best, a leading Filipino ice cream brand, unveiled a refreshed brand identity, eco-friendly paper packaging, and new holiday flavors. The "Day of Joy" celebration emphasized the brand's commitment to quality, with a focus on locally sourced ingredients and plans to expand into a full dairy line.

Philippines Ice Cream Market Report Coverage:

Key Questions Answered in This Report:

• How has the Philippines ice cream market performed so far and how will it perform in the coming years?
• What is the breakup of the Philippines ice cream market on the basis of flavor?
• What is the breakup of the Philippines ice cream market on the basis of category?
• What is the breakup of the Philippines ice cream market on the basis of product?
• What is the breakup of the Philippines ice cream market on the basis of distribution channel?
• What are the various stages in the value chain of the Philippines ice cream market? 
• What are the key driving factors and challenges in the Philippines ice cream
• What is the structure of the Philippines ice cream market and who are the key players?
• What is the degree of competition in the Philippines ice cream market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Philippines ice cream market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines ice cream market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Philippines ice cream industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.