Philippines Food Service Market Report and Forecast 2025-2034
Description
The Philippines food service market reached around USD 10.98 Million in 2024. The market is projected to grow at a CAGR of 15.10% between 2025 and 2034 to reach nearly USD 44.81 Million by 2034.
Philippines Food Service Market Growth
As per the World Travel and Tourism Council, the Philippines’ tourism industry is expected to contribute PhP 5.4 trillion to the national economy in 2024, recording a year-on-year growth of 25% and constituting over 20% of its economic size. The total spending by international visitors and domestic travellers is expected to reach USD $12.2 billion and USD $62.9 billion, respectively. This is expected to contribute to the significant growth of the market, due to increasing demand for local and delectable cuisines. By 2034, the contribution of the local tourism industry is expected to rise to USD $161.5 billion to its GDP, which is expected to accelerate the market growth in the coming years.
The Philippines is home to a tech-savvy audience, where social media influencers promote a wide variety of Instagrammable restaurants. This is expected to increase the consumer appeal for dine-in restaurants, thereby leading to the market growth. Non-contact and online food delivery systems are expected to enjoy sustained demand, due to increasing consumer consciousness for hygiene and health safety. Busier lifestyles and increased mobility of people are expected to increase the sales of convenience foods sold on street stalls and kiosks. The establishment of international franchises has emerged as a significant trend leading to the growth of the market in the Philippines.
Philippines Food Service Industry Segmentation
Philippines Food Service Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Sector
Commercial
Non-Commercial
Market Breakup by Systems
Conventional Foodservice System
Centralised Foodservice System
Ready Prepared Foodservice System
Assembly-Serve Foodservice System
Market Breakup by Restaurants
Fast Food Restaurants
Full-Service Restaurants
Limited-Service Restaurants
Special Food Services Restaurants
Philippines Food Service Market Share
Based on restaurant, the market is segmented into fast food restaurants, full-service restaurants, limited-service restaurants, and special food services restaurants. Over the forecast period, fast food restaurants are expected to grow at a CAGR of 16.3%, due to the rising appeal for international flavours in Filipino cuisines.
Leading Companies in the Philippines Food Service Market
The National Capital Region of the Philippines has seen a spurt in the number of food service establishments, which constitutes nearly 30% of all new spaces. Other popular regions include Calabarzon and Central Luzon.
McDonald’s Corporation
Domino’s Pizza Inc.
Yum! Brands, Inc.
Burger King Corporation
DD IP Holder LLC (Golden Donuts Inc)
Tim Hortons Restaurants International GmbH
J.CO Donuts & Coffee’s
Others
Philippines Food Service Market Report Snapshots
Philippines Food Service Market Size
Philippines Food Service Market Growth
Philippines Food Service Market Share
Philippines Food Service Companies
Philippines Food Service Market Growth
As per the World Travel and Tourism Council, the Philippines’ tourism industry is expected to contribute PhP 5.4 trillion to the national economy in 2024, recording a year-on-year growth of 25% and constituting over 20% of its economic size. The total spending by international visitors and domestic travellers is expected to reach USD $12.2 billion and USD $62.9 billion, respectively. This is expected to contribute to the significant growth of the market, due to increasing demand for local and delectable cuisines. By 2034, the contribution of the local tourism industry is expected to rise to USD $161.5 billion to its GDP, which is expected to accelerate the market growth in the coming years.
The Philippines is home to a tech-savvy audience, where social media influencers promote a wide variety of Instagrammable restaurants. This is expected to increase the consumer appeal for dine-in restaurants, thereby leading to the market growth. Non-contact and online food delivery systems are expected to enjoy sustained demand, due to increasing consumer consciousness for hygiene and health safety. Busier lifestyles and increased mobility of people are expected to increase the sales of convenience foods sold on street stalls and kiosks. The establishment of international franchises has emerged as a significant trend leading to the growth of the market in the Philippines.
Philippines Food Service Industry Segmentation
Philippines Food Service Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Sector
Commercial
Non-Commercial
Market Breakup by Systems
Conventional Foodservice System
Centralised Foodservice System
Ready Prepared Foodservice System
Assembly-Serve Foodservice System
Market Breakup by Restaurants
Fast Food Restaurants
Full-Service Restaurants
Limited-Service Restaurants
Special Food Services Restaurants
Philippines Food Service Market Share
Based on restaurant, the market is segmented into fast food restaurants, full-service restaurants, limited-service restaurants, and special food services restaurants. Over the forecast period, fast food restaurants are expected to grow at a CAGR of 16.3%, due to the rising appeal for international flavours in Filipino cuisines.
Leading Companies in the Philippines Food Service Market
The National Capital Region of the Philippines has seen a spurt in the number of food service establishments, which constitutes nearly 30% of all new spaces. Other popular regions include Calabarzon and Central Luzon.
McDonald’s Corporation
Domino’s Pizza Inc.
Yum! Brands, Inc.
Burger King Corporation
DD IP Holder LLC (Golden Donuts Inc)
Tim Hortons Restaurants International GmbH
J.CO Donuts & Coffee’s
Others
Philippines Food Service Market Report Snapshots
Philippines Food Service Market Size
Philippines Food Service Market Growth
Philippines Food Service Market Share
Philippines Food Service Companies
Table of Contents
110 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Food Service Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Food Service Historical Market (2018-2024)
- 5.3 Asia Pacific Food Service Market Forecast (2025-2034)
- 6 Philippines Food Service Market Overview
- 6.1 Key Industry Highlights
- 6.2 Philippines Food Service Historical Market (2018-2024)
- 6.3 Philippines Food Service Market Forecast (2025-2034)
- 7 Philippines Food Service Market by Sector
- 7.1 Commercial
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Non-Commercial
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Philippines Food Service Market by Systems
- 8.1 Conventional Foodservice System
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Centralised Foodservice System
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Ready Prepared Foodservice System
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Assembly-Serve Foodservice System
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 9 Philippines Food Service Market by Restaurants
- 9.1 Fast Food Restaurants
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Full-Service Restaurants
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Limited-Service Restaurants
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Special Food Services Restaurants
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 McDonald’s Corporation
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Domino’s Pizza Inc.
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Yum! Brands, Inc.
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Burger King Corporation
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 DD IP Holder LLC (Golden Donuts Inc)
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Tim Hortons Restaurants International GmbH
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 J.CO Donuts & Coffee’s
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Others
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