Grocery market in the Philippines
The Philippine Grocery eCommerce market is predicted to reach US$1,744.3 million by 2024 and accounts for 10.2% of the total eCommerce market in the Philippines. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 30.5%, resulting in a projected market volume of US$5,062.6 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Frozen Food market in the Philippines
The Philippine Frozen Food eCommerce market is predicted to reach US$60.3 million by 2024 and accounts for 5.6% of the Food eCommerce market in the Philippines. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 28.4%, resulting in a projected market volume of US$164.2 million by 2028. The Frozen Food eCommerce market is a sub-market of the Food market. Further categories within the Food market are: Baked Goods, Food Cupboard, Fresh Food, and Meal Kits.
eCommerce revenue development in the Frozen Food market in the Philippines
eCommerce revenue growth in the Frozen Food market in the Philippines
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 80.0 | 15.0 | 30.0 | 30.3 | 20.6 | 42.2 | 75.3 | 59.2 | ||||
as of Food (in %) | 5.2 | 4.7 | 4.4 | 3.8 | 4.4 | 4.9 | 4.8 | 4.8 | 4.7 | 4.7 | 4.6 | 4.5 |
Market definition
Definition of the Frozen Food market within the Grocery market
Market definition: Grocery > Food > Frozen Food The category Frozen Food includes the online trade of ice cream, frozen pizza, frozen ready meals, and more. This category does not cover chilled food. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Ice Cream
- Frozen pizza
- Frozen ready meals
- Frozen vegetables
Out-of-scope
- Chilled food
Market comparison
The Philippine Frozen Food market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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