As of 2022, the leading ice cream company in the Philippines was the Unilever Group with a market share of 64.4 percent. Nestlé SA followed with a market share of 15.8 percent.

In 2024, the Philippine ice cream market decreased by -0.9% to $640M, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -6.7% against 2022 indices.

In 2022, the retail sales of packaged ice cream in the Philippines amounted to approximately 386 million U.S. dollars. It was forecasted that by 2027, its value would increase to around 578 million U.S. dollars.

Statistics illustrates market overview of ice cream in the Philippines from 2007 to 2024.

Why was the report written This report provides authoritative and granular data on the Ice Cream market in Philippines and, in doing so fills the gaps in marketers’ understanding of trends and the components of change behind them. Based upon extensive primary and secondary research to provide comprehensive and granular data, this report allows marketers to confidently update their strategic and tactical plans. Marketers need data on volume and value changes, brand dynamics and distribution trends in order to effectively plan strategies. What are the key drivers behind recent market changes This report examines the components of change in the market by looking at historic and future growth patterns, including the effects of consumers’ behavior on total volumes, values, brands selected and types of product chosen. What makes this report unique and essential to read The report provides the latest, detailed data on dynamics in Philippines Ice Cream market, providing marketers with the essential data to understand their own, and their competitors’ position in the market and the information to accurately identify where to compete in the future. Read More

In 2023, ice cream imports into the Philippines skyrocketed to 58K tons, picking up by 39% on the previous year.

The Ice Cream Market is segmented by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

In 2023, the Philippines exported approximately 14.07 million U.S. dollars worth of ice cream, indicating growth from the previous year. The value of ice cream exported from the country fluctuated since 2012, with its peak value recorded in 2019.

Impulse Ice Cream – Single Serve (Ice Cream) Market in Philippines – Outlook to 2022: Market Size, Growth and Forecast Analytics is a broad level market review of Impulse Ice Cream – Single Serve market in Philippines. The research handbook provides up-to-date market size data for period 2012-2017 and illustrative forecast to 2022 covering key market aspects like Sales Value and Volume for Impulse Ice Cream – Single Serve and its variants Dairy-Based & Water-Based. Read More

As of 2022, the leading ice cream company in the Philippines was the Unilever Group with a retail sales value of 248.7 million U.S. dollars. Nestlé SA followed with a sales value of 60.8 million U.S. dollars.

Philippines Consumer Price Index (CPI): Food: DP: Ice Cream data was reported at 148.800 2000=100 in Dec 2011. This records an increase from the previous number of 148.700 2000=100 for Nov 2011. Philippines Consumer Price Index (CPI): Food: DP: Ice Cream data is updated monthly, averaging 112.200 2000=100 from Jan 1994 (Median) to Dec 2011, with 216 observations. The data reached an all-time high of 148.800 2000=100 in Dec 2011 and a record low of 66.900 2000=100 in Jan 1994. Philippines Consumer Price Index (CPI): Food: DP: Ice Cream data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I030: Consumer Price Index: 2000=100.

Statistics illustrates most promising overseas markets of ice cream in the Philippines from 2007 to 2024.

In the last few years, especially since the pandemic, people are spending a substantial amount of their income on miniature snackable treats. This has pushed the global valuation of the ice cream and frozen dessert market to US$ 1,38,300 million. With more and more consumers ordering ice creams and frozen desserts through various distribution channels such as online platforms, supermarkets, ice cream parlors, etc., the market is very likely to cross US$ 2,83,900.20 million with a healthy CAGR of 7.50%.

Attributes	Details
Market Value for 2024	US$ 1,38,300 million
Projected Market Value for 2034	US$ 2,83,900.20 million
Value-based CAGR of the Market for 2024 to 2034	7.50%

Category-wise Outlook

Attributes	Details
Type	Ice Cream
Market Share (2024)	87.30%

Attributes	Details
Distribution Channel	Hypermarket/Supermarkets
Market Share (2024)	56.90%

Country-wise Analysis

Countries	CAGR (2024 to 2034)
India	8.20%
Germany	7.00%
Japan	4.70%
The United States	4.10%
China	3.50%

Indonesia Imports from Philippines of Ice Cream, Other Edible Ice was US$2 during 2014, according to the United Nations COMTRADE database on international trade. Indonesia Imports from Philippines of Ice Cream, Other Edible Ice - data, historical chart and statistics - was last updated on March of 2025.

The Philippines imported approximately 101.34 million U.S. dollars worth of ice cream in 2023, indicating significant growth from the previous year. The value of ice cream imported to the country gradually increased from 2013 to the current year.

United Kingdom Exports of ice cream, other edible ice to Philippines was US$116.9 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United Kingdom Exports of ice cream, other edible ice to Philippines - data, historical chart and statistics - was last updated on March of 2025.

Global Ice Cream And Frozen Dessert Market to hit USD 147.14B by 2029 growing at 6.6% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

Bahrain Imports from Philippines of Ice Cream, Other Edible Ice was US$14.99 Thousand during 2023, according to the United Nations COMTRADE database on international trade. Bahrain Imports from Philippines of Ice Cream, Other Edible Ice - data, historical chart and statistics - was last updated on March of 2025.

Trinidad And Tobago Imports from Philippines of Ice Cream, Other Edible Ice was US$26.17 Thousand during 2013, according to the United Nations COMTRADE database on international trade. Trinidad And Tobago Imports from Philippines of Ice Cream, Other Edible Ice - data, historical chart and statistics - was last updated on March of 2025.

Maldives Imports from Philippines of Ice Cream, Other Edible Ice was US$50.43 Thousand during 2021, according to the United Nations COMTRADE database on international trade. Maldives Imports from Philippines of Ice Cream, Other Edible Ice - data, historical chart and statistics - was last updated on March of 2025.