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1.

The Future of the Oils and Fats Market in Philippines to

2017

Market Size, Distribution and Brand Share, Key Events and Competitive Landscape

Reference Code: FD0676ER

Published: February 2014

©Canadean 2014. This product is licensed and is not to be photocopied. Reference code: FD0676ER

The Future of the Oils and Fats Market in Philippines to 2017


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Table of Contents

1. Introduction............................................................................................... 11

1.1 What is this Report About?................................................................................. 11

1.2 Definitions .......................................................................................................... 11

1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013 – 2017 ... 11

1.2.2 Category Definitions ..................................................................................................... 11

1.2.3 Distribution Channel Definitions .................................................................................... 12

1.2.4 Volume Units and Aggregations .................................................................................... 13

1.2.5 CAGR Definition and Calculation .................................................................................. 13

1.2.6 Graphical representation of Brands ............................................................................... 13

1.2.7 Exchange Rates ........................................................................................................... 14

1.2.8 Methodology Summary ................................................................................................. 14

2. Philippines Oils and Fats Market Analysis, 2007–17 ............................. 15

2.1 Oils and Fats Value Analysis, 2007–17 .............................................................. 15

2.1.1 Overall Oils and Fats Market Value, 2007–17 ............................................................... 15

2.1.2 Oils and Fats Market Value by Category, 2007–17 ....................................................... 17

2.1.3 Market Growth Dynamics by Value – Oils and Fats, 2007–17 ....................................... 19

2.2 Oils and Fats Volume Analysis, 2007–17 ........................................................... 20

2.2.1 Overall Oils and Fats Market Volume, 2007–17 ............................................................ 20

2.2.2 Per-Capita Consumption - Oils and Fats, 2007–17 ....................................................... 21

2.2.3 Oils and Fats Market Volume by Category, 2007–17..................................................... 22

2.2.4 Market Growth Dynamics by Volume – Oils and Fats, 2007–17 .................................... 23

3. Philippines Oils Market Analysis, 2007–17............................................. 24

3.1 Oils Value Analysis, 2007–17 ............................................................................. 24

3.1.1 Oils Market by Value, 2007–17 ..................................................................................... 24

3.1.2 Average Consumer Price/Kg – Oils, 2007–17 ............................................................... 26

3.1.3 Oils Market Value by Segments, 2007–17 .................................................................... 27

3.2 Oils Volume Analysis, 2007–17 .......................................................................... 30

3.2.1 Oils Market by Volume, 2007–17 .................................................................................. 30

3.2.2 Oils Market Volume by Segments, 2007–17 ................................................................. 31

3.3 Market Growth Dynamics – Oils, 2007–17 ......................................................... 33

3.3.1 Oils Market Growth Dynamics by Value, 2007–17 ......................................................... 33

3.3.2 Oils Market Growth Dynamics by Volume, 2007–17 ...................................................... 34

3.4 Cooking Sprays Analysis, 2007–17 .................................................................... 35

3.4.1 Cooking Sprays Market by Value, 2007–17 .................................................................. 35

3.4.2 Cooking Sprays Market by Volume, 2007–17................................................................ 36

3.5 Corn Oil Analysis, 2007–17 ................................................................................ 37




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3.5.1 Corn Oil Market by Value, 2007–17 .............................................................................. 37

3.5.2 Corn Oil Market by Volume, 2007–17 ........................................................................... 38

3.6 Olive Oil Analysis, 2007–17 ............................................................................... 39

3.6.1 Olive Oil Market by Value, 2007–17 .............................................................................. 39

3.6.2 Olive Oil Market by Volume, 2007–17 ........................................................................... 40

3.7 Other Edible Oils Analysis, 2007–17 .................................................................. 41

3.7.1 Other Edible Oils Market by Value, 2007–17 ................................................................. 41

3.7.2 Other Edible Oils Market by Volume, 2007–17 .............................................................. 42

3.8 Sunflower Oil Analysis, 2007–17 ........................................................................ 43

3.8.1 Sunflower Oil Market by Value, 2007–17 ...................................................................... 43

3.8.2 Sunflower Oil Market by Volume, 2007–17 ................................................................... 44

3.9 Vegetable Oil Analysis, 2007–17........................................................................ 45

3.9.1 Vegetable Oil Market by Value, 2007–17 ...................................................................... 45

3.9.2 Vegetable Oil Market by Volume, 2007–17 ................................................................... 46

3.10 Oils Brand Analysis, 2009–12 ............................................................................ 47

3.11 Oils Distribution Channel Analysis, 2009–12 ...................................................... 50

4. Philippines Solid Fats Market Analysis, 2007–17 .................................. 53

4.1 Solid Fats Value Analysis, 2007–17 ................................................................... 53

4.1.1 Solid Fats Market by Value, 2007–17............................................................................ 53

4.1.2 Average Consumer Price/Kg – Solid Fats, 2007–17 ...................................................... 55

4.1.3 Solid Fats Market Value by Segments, 2007–17 ........................................................... 56

4.2 Solid Fats Volume Analysis, 2007–17 ................................................................ 59

4.2.1 Solid Fats Market by Volume, 2007–17 ......................................................................... 59

4.2.2 Solid Fats Market Volume by Segments, 2007–17 ........................................................ 60

4.3 Market Growth Dynamics – Solid Fats, 2007–17 ................................................ 62

4.3.1 Solid Fats Market Growth Dynamics by Value, 2007–17 ............................................... 62

4.3.2 Solid Fats Market Growth Dynamics by Volume, 2007–17 ............................................ 63

4.4 Compound Cooking Fats (CCF) Analysis, 2007–17 ........................................... 64

4.4.1 Compound Cooking Fats (CCF) Market by Value, 2007–17 .......................................... 64

4.4.2 Compound Cooking Fats (CCF) Market by Volume, 2007–17 ....................................... 65

4.5 Ghee Analysis, 2007–17 .................................................................................... 66

4.5.1 Ghee Market by Value, 2007–17 .................................................................................. 66

4.5.2 Ghee Market by Volume, 2007–17................................................................................ 67

4.6 Lard Analysis, 2007–17 ...................................................................................... 68

4.6.1 Lard Market by Value, 2007–17 .................................................................................... 68

4.6.2 Lard Market by Volume, 2007–17 ................................................................................. 69

4.7 Other Solid Fats Analysis, 2007–17 ................................................................... 70

4.7.1 Other Solid Fats Market by Value, 2007–17 .................................................................. 70

4.7.2 Other Solid Fats Market by Volume, 2007–17 ............................................................... 71




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4.8 Shortening Analysis, 2007–17 ............................................................................ 72

4.8.1 Shortening Market by Value, 2007–17 .......................................................................... 72

4.8.2 Shortening Market by Volume, 2007–17 ....................................................................... 73

4.9 Solid Fats Brand Analysis, 2009–12 ................................................................... 74

4.10 Solid Fats Distribution Channel Analysis, 2009–12 ............................................ 76

5. Profiles of Companies Active in the Global Oils and Fats Market ....... 79

5.1 Archer Daniels Midland Company ...................................................................... 79

5.1.1 Archer Daniels Midland Company Business Analysis .................................................... 79

5.1.2 Archer Daniels Midland Company Major Products and Services ................................... 80

5.1.3 Archer Daniels Midland Company Key Competitors ...................................................... 81

5.1.4 Archer Daniels Midland Company SWOT Analysis ....................................................... 81

5.1.5 Archer Daniels Midland Company History ..................................................................... 87

5.1.6 Archer Daniels Midland Company Key Employees ........................................................ 90

5.1.7 Archer Daniels Midland Company Locations and Subsidiaries ...................................... 92

5.2 Unilever PLC ...................................................................................................... 97

5.2.1 Unilever PLC Business Analysis ................................................................................... 97

5.2.2 Unilever PLC Major Products and Services ................................................................... 98

5.2.3 Unilever PLC Key Competitors ..................................................................................... 99

5.2.4 Unilever PLC SWOT Analysis ....................................................................................... 99

5.2.5 Unilever PLC History .................................................................................................. 104

5.2.6 Unilever PLC Key Employees ..................................................................................... 107

5.2.7 Unilever PLC Locations and Subsidiaries.................................................................... 109

5.3 Bunge Limited .................................................................................................. 113

5.3.1 Bunge Limited Business Analysis ............................................................................... 113

5.3.2 Bunge Limited Major Products and Services ............................................................... 114

5.3.3 Bunge Limited Key Competitors .................................................................................. 116

5.3.4 Bunge Limited SWOT Analysis ................................................................................... 116

5.3.5 Bunge Limited History ................................................................................................ 120

5.3.6 Bunge Limited Key Employees ................................................................................... 122

5.3.7 Bunge Limited Locations and Subsidiaries .................................................................. 124

5.4 Itochu Corporation ........................................................................................... 130

5.4.1 Itochu Corporation Business Analysis ......................................................................... 130

5.4.2 Itochu Corporation Major Products and Services......................................................... 131

5.4.3 Itochu Corporation Key Competitors ........................................................................... 133

5.4.4 Itochu Corporation SWOT Analysis ............................................................................. 133

5.4.5 Itochu Corporation History .......................................................................................... 140

5.4.6 Itochu Corporation Key Employees ............................................................................. 147

5.4.7 Itochu Corporation Locations and Subsidiaries ........................................................... 150

5.5 JBS SA ............................................................................................................ 165




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5.5.1 JBS SA Business Analysis.......................................................................................... 165

5.5.2 JBS SA Major Products and Services ......................................................................... 166

5.5.3 JBS SA Key Competitors ............................................................................................ 167

5.5.4 JBS SA SWOT Analysis ............................................................................................. 167

5.5.5 JBS SA History ........................................................................................................... 172

5.5.6 JBS SA Key Employees ............................................................................................. 174

5.5.7 JBS SA Locations and Subsidiaries ............................................................................ 175

5.6 Associated British Foods plc ............................................................................ 177

5.6.1 Associated British Foods plc Business Analysis .......................................................... 177

5.6.2 Associated British Foods plc Major Products and Services.......................................... 178

5.6.3 Associated British Foods plc Key Competitors ............................................................ 179

5.6.4 Associated British Foods plc SWOT Analysis.............................................................. 179

5.6.5 Associated British Foods plc History ........................................................................... 184

5.6.6 Associated British Foods plc Key Employees .............................................................. 185

5.6.7 Associated British Foods plc Locations and Subsidiaries ............................................ 186

5.7 CJ Corporation ................................................................................................. 191

5.7.1 CJ Corporation Business Analysis .............................................................................. 191

5.7.2 CJ Corporation Major Products and Services .............................................................. 192

5.7.3 CJ Corporation Key Competitors ................................................................................ 193

5.7.4 CJ Corporation SWOT Analysis .................................................................................. 193

5.7.5 CJ Corporation History ............................................................................................... 198

5.7.6 CJ Corporation Key Employees .................................................................................. 202

5.7.7 CJ Corporation Locations and Subsidiaries ................................................................. 203

5.8 Kao Corporation ............................................................................................... 209

5.8.1 Kao Corporation Business Analysis ............................................................................ 209

5.8.2 Kao Corporation Major Products and Services ............................................................ 210

5.8.3 Kao Corporation Key Competitors............................................................................... 211

5.8.4 Kao Corporation SWOT Analysis ................................................................................ 211

5.8.5 Kao Corporation History ............................................................................................. 215

5.8.6 Kao Corporation Key Employees ................................................................................ 218

5.8.7 Kao Corporation Locations and Subsidiaries ............................................................... 220

5.9 Ajinomoto Co., Inc. ........................................................................................... 224

5.9.1 Ajinomoto Co., Inc. Business Analysis ........................................................................ 224

5.9.2 Ajinomoto Co., Inc. Major Products and Services ........................................................ 225

5.9.3 Ajinomoto Co., Inc. Key Competitors........................................................................... 226

5.9.4 Ajinomoto Co., Inc. SWOT Analysis ............................................................................ 226

5.9.5 Ajinomoto Co., Inc. History ......................................................................................... 230

5.9.6 Ajinomoto Co., Inc. Key Employees ............................................................................ 232

5.9.7 Ajinomoto Co., Inc. Locations and Subsidiaries ........................................................... 235

5.10 Uni-President Enterprises Corp. ....................................................................... 239




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5.10.1 Uni-President Enterprises Corp. Business Analysis..................................................... 239

5.10.2 Uni-President Enterprises Corp. Major Products and Services .................................... 240

5.10.3 Uni-President Enterprises Corp. Key Competitors ....................................................... 241

5.10.4 Uni-President Enterprises Corp. SWOT Analysis ........................................................ 241

5.10.5 Uni-President Enterprises Corp. History ...................................................................... 245

5.10.6 Uni-President Enterprises Corp. Key Employees ........................................................ 247

5.10.7 Uni-President Enterprises Corp. Locations and Subsidiaries ....................................... 249

6. News and Key Events in the Global Oils and Fats Market .................. 253

6.1 Category News ................................................................................................ 253

6.1.1 Midlands manufacturer agrees seven figure growth deal ............................................. 253

6.1.2 Cargill to market Filippo Berio Olive Oil products in US ............................................... 254

6.1.3 Sunora Foods Inc. Announces Appointment of Chief Financial Officer ........................ 254

6.1.4 Hershey commits to achieve 100% traceable, sustainable palm oil ............................. 255

6.1.5 Bellucci Premium introduces new Organic Olive Oil Blend .......................................... 255

6.1.6 PAM® Cooking Spray Uncovers Sticky Kitchen Situations this Holiday Season .......... 255

6.1.7 The Olive Oil Source Introduces 2014 Harvest Olive Oil, Limited Edition Olio Nuovo ... 256

6.1.8 Palm oil producers and NGOs launch responsible palm oil initiative ............................ 257

6.1.9 AAK inks food ingredient supply deal with Premier Foods ........................................... 258

6.1.10 HUL: 100% of Palm Oil bought will be traceable to known sources by end 2014 ......... 259

7. Deal Activities in the Global Oils and Fats Market .............................. 260

7.1 Category Deals ................................................................................................ 260

7.1.1 Kuze to acquire 100% stake in Asahi Suisan .............................................................. 260

7.1.2 Cargill partners with Salov to market Filippo Berio Culinary Selection olive oil products261

7.1.3 3F Industries enters into joint venture with Fuji Oil Co to set-up non-dairy cream making plant

262

7.1.4 Nestle Korea to issue 50% stake to Lotte Food Co ..................................................... 263

7.1.5 RCL Foods to raise US$112.15 million in rights offering of shares .............................. 264

7.1.6 Alliance Grain Traders acquires all assets of CLIC International .................................. 266

7.1.7 Austral Group to sell 100% stake in Conservera de las Americas to Tri Marine International S

de RL de Panama ...................................................................................................... 267

7.1.8 PPHE Hotel Group sells 50% of the shares in companies which own art'otel berlin mitte and

art'otel berlin kudamm hotels to Nakash Group ........................................................... 268

7.1.9 Vimal Oil & Foods raises US$6.09 million through preferential allotment of shares ...... 270

7.1.10 Hellers to acquire meats business of Goodman Fielder ............................................... 271

8. Appendix ................................................................................................. 272

8.1 About Canadean .............................................................................................. 272

8.2 Disclaimer ........................................................................................................ 272




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List of Figures

Figure 1: Philippines Oils and Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ............................................................. 16 Figure 2: Philippines Oils and Fats Market Value (LCU m) by Category, 2007–17 ......................................................................... 18 Figure 3: Philippines Oils and Fats Market Dynamics, by Category, by Market Value, 2007–17 ................................................... 19 Figure 4: Philippines Oils and Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ............................................................. 20 Figure 5: Philippines Per-Capita Oils and Fats Consumption (Kg/head & Y-o-Y growth), 2007–17 ............................................... 21 Figure 6: Philippines Oils and Fats Market Volume (Kg m) by Category, 2007–17 ......................................................................... 22 Figure 7: Philippines Oils and Fats Market Dynamics, by Category, by Market Volume 2007–17 ................................................. 23 Figure 8: Philippines Oils Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ............................................................................ 25 Figure 9: Philippines Oils Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ............................................................. 26 Figure 10: Philippines Oils Market Value (LCU m) by Segments, 2007–17 ..................................................................................... 29 Figure 11: Philippines Oils Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 .......................................................................... 30 Figure 12: Philippines Oils Market Volume (Kg m) by Segments, 2007–17..................................................................................... 32 Figure 13: Philippines Oils Market Growth Dynamics by Value, 2007–17 ....................................................................................... 33 Figure 14: Philippines Oils Market Growth Dynamics by Volume, 2007–17 .................................................................................... 34 Figure 15: Philippines Cooking Sprays Market by Value (LCU m), 2007–17 ................................................................................... 35 Figure 16: Philippines Cooking Sprays Market by Volume (Kg m), 2007–17 .................................................................................. 36 Figure 17: Philippines Corn Oil Market by Value (LCU m), 2007–17 ............................................................................................... 37 Figure 18: Philippines Corn Oil Market by Volume (Kg m), 2007–17 ............................................................................................... 38 Figure 19: Philippines Olive Oil Market by Value (LCU m), 2007–17 ............................................................................................... 39 Figure 20: Philippines Olive Oil Market by Volume (Kg m), 2007–17 ............................................................................................... 40 Figure 21: Philippines Other Edible Oils Market by Value (LCU m), 2007–17 ................................................................................. 41 Figure 22: Philippines Other Edible Oils Market by Volume (Kg m), 2007–17 ................................................................................. 42 Figure 23: Philippines Sunflower Oil Market by Value (LCU m), 2007–17 ....................................................................................... 43 Figure 24: Philippines Sunflower Oil Market by Volume (Kg m), 2007–17....................................................................................... 44 Figure 25: Philippines Vegetable Oil Market by Value (LCU m), 2007–17....................................................................................... 45 Figure 26: Philippines Vegetable Oil Market by Volume (Kg m), 2007–17 ...................................................................................... 46 Figure 27: Philippines Oils Market Value by Brands (LCU m), 2009–12 .......................................................................................... 49 Figure 28: Philippines Oils Market Value by Distribution Channel (LCU m), 2009–12 .................................................................... 52 Figure 29: Philippines Solid Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ................................................................ 54 Figure 30: Philippines Solid Fats Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ................................................. 55 Figure 31: Philippines Solid Fats Market Value (LCU m) by Segments, 2007–17 ........................................................................... 58 Figure 32: Philippines Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ................................................................ 59 Figure 33: Philippines Solid Fats Market Volume (Kg m) by Segments, 2007–17 .......................................................................... 61 Figure 34: Philippines Solid Fats Market Growth Dynamics by Value, 2007–17 ............................................................................. 62 Figure 35: Philippines Solid Fats Market Growth Dynamics by Volume, 2007–17 .......................................................................... 63 Figure 36: Philippines Compound Cooking Fats (CCF) Market by Value (LCU m), 2007–17 ......................................................... 64 Figure 37: Philippines Compound Cooking Fats (CCF) Market by Volume (Kg m), 2007–17 ......................................................... 65 Figure 38: Philippines Ghee Market by Value (LCU m), 2007–17 .................................................................................................... 66 Figure 39: Philippines Ghee Market by Volume (Kg m), 2007–17.................................................................................................... 67 Figure 40: Philippines Lard Market by Value (LCU m), 2007–17 ..................................................................................................... 68 Figure 41: Philippines Lard Market by Volume (Kg m), 2007–17 ..................................................................................................... 69 Figure 42: Philippines Other Solid Fats Market by Value (LCU m), 2007–17 .................................................................................. 70 Figure 43: Philippines Other Solid Fats Market by Volume (Kg m), 2007–17 .................................................................................. 71 Figure 44: Philippines Shortening Market by Value (LCU m), 2007–17 ........................................................................................... 72 Figure 45: Philippines Shortening Market by Volume (Kg m), 2007–17 ........................................................................................... 73 Figure 46: Philippines Solid Fats Market Value by Brands (LCU m), 2009–12 ................................................................................ 75 Figure 47: Philippines Solid Fats Market Value by Distribution Channel (LCU m), 2009–12 .......................................................... 78




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List of Tables

Table 1: Category Definitions - Oils and Fats Market....................................................................................................................... 11 Table 2: Distribution Channel Definitions - Oils and Fats Market .................................................................................................... 12 Table 3: Volume Units for Oils and Fats Market ................................................................................................................................ 13 Table 4: Philippines Exchange Rate LCU (Local Currency Unit) – USD (Annual Average), 2007 – 2012 ..................................... 14 Table 5: Philippines Oils and Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17 .............................................................. 15 Table 6: Philippines Oils and Fats Market Value (USD m) and Growth (Y-o-Y), 2007–17 .............................................................. 15 Table 7: Philippines Oils and Fats Market Value (LCU m) by Category, 2007–12 .......................................................................... 17 Table 8: Philippines Oils and Fats Market Value (LCU m) by Category, 2012–17 .......................................................................... 17 Table 9: Philippines Oils and Fats Market Value (USD m) by Category, 2007–12 .......................................................................... 17 Table 10: Philippines Oils and Fats Market Value (USD m) by Category, 2012–17 ........................................................................ 17 Table 11: Philippines Oils and Fats Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size

(2007, 2012 & 2017), by Category, by Value (LCU m)...................................................................................................................... 19 Table 12: Philippines Oils and Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ............................................................ 20 Table 13: Philippines Per-capita Oils and Fats Consumption (Kg/head & Y-o-Y growth), 2007–17 ............................................... 21 Table 14: Philippines Oils and Fats Market Volume (Kg m) by Category, 2007–12 ........................................................................ 22 Table 15: Philippines Oils and Fats Market Volume (Kg m) by Category, 2012–17 ........................................................................ 22 Table 16: Philippines Oils and Fats Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size

(2007, 2012 & 2017), by Category, by volume (Kg m) ...................................................................................................................... 23 Table 17: Philippines Oils Market Value (LCU m) and Growth (Y-o-Y), 2007–17............................................................................ 24 Table 18: Philippines Oils Market Value (USD m) and Growth (Y-o-Y), 2007–17 ........................................................................... 24 Table 19: Philippines Oils Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ............................................................ 26 Table 20: Philippines Oils Market Value (LCU m) by Segments, 2007–12 ...................................................................................... 27 Table 21: Philippines Oils Market Value (LCU m) by Segments, 2012–17 ...................................................................................... 27 Table 22: Philippines Oils Market Value (USD m) by Segments, 2007–12...................................................................................... 28 Table 23: Philippines Oils Market Value (USD m) by Segments, 2012–17...................................................................................... 28 Table 24: Philippines Oils Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ........................................................................... 30 Table 25: Philippines Oils Market Volume (Kg m) by Segments, 2007–12 ...................................................................................... 31 Table 26: Philippines Oils Market Volume (Kg m) by Segments, 2012–17 ...................................................................................... 31 Table 27: Philippines Oils Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 &

2017), by Value (LCU m), by Segments ............................................................................................................................................ 33 Table 28: Philippines Oils Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 &

2017), by Volume (Kg m), by Segments ............................................................................................................................................ 34 Table 29: Philippines Cooking Sprays Market by Value (LCU m), 2007–17 .................................................................................... 35 Table 30: Philippines Cooking Sprays Market by Value (USD m), 2007–17.................................................................................... 35 Table 31: Philippines Cooking Sprays Market by Volume (Kg m), 2007–17 .................................................................................... 36 Table 32: Philippines Corn Oil Market by Value (LCU m), 2007–17................................................................................................. 37 Table 33: Philippines Corn Oil Market by Value (USD m), 2007–17 ................................................................................................ 37 Table 34: Philippines Corn Oil Market by Volume (Kg m), 2007–17 ................................................................................................ 38 Table 35: Philippines Olive Oil Market by Value (LCU m), 2007–17 ................................................................................................ 39 Table 36: Philippines Olive Oil Market by Value (USD m), 2007–17 ................................................................................................ 39 Table 37: Philippines Olive Oil Market by Volume (Kg m), 2007–17 ................................................................................................ 40 Table 38: Philippines Other Edible Oils Market by Value (LCU m), 2007–17 .................................................................................. 41 Table 39: Philippines Other Edible Oils Market by Value (USD m), 2007–17 .................................................................................. 41 Table 40: Philippines Other Edible Oils Market by Volume (Kg m), 2007–17 .................................................................................. 42 Table 41: Philippines Sunflower Oil Market by Value (LCU m), 2007–17 ........................................................................................ 43 Table 42: Philippines Sunflower Oil Market by Value (USD m), 2007–17 ........................................................................................ 43 Table 43: Philippines Sunflower Oil Market by Volume (Kg m), 2007–17 ........................................................................................ 44 Table 44: Philippines Vegetable Oil Market by Value (LCU m), 2007–17 ........................................................................................ 45 Table 45: Philippines Vegetable Oil Market by Value (USD m), 2007–17 ....................................................................................... 45 Table 46: Philippines Vegetable Oil Market by Volume (Kg m), 2007–17 ........................................................................................ 46 Table 47: Philippines Oils Market Value by Brands (LCU m), 2009–12 ........................................................................................... 47 Table 48: Philippines Oils Market Value by Brands (USD m), 2009–12 .......................................................................................... 48 Table 49: Philippines Oils Market Value by Distribution Channel (LCU m), 2009–12 ..................................................................... 50 Table 50: Philippines Oils Market Value by Distribution Channel (USD m), 2009–12 ..................................................................... 51 Table 51: Philippines Solid Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ................................................................. 53 Table 52: Philippines Solid Fats Market Value (USD m) and Growth (Y-o-Y), 2007–17 ................................................................. 53 Table 53: Philippines Solid Fats Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 .................................................. 55




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Table 54: Philippines Solid Fats Market Value (LCU m) by Segments, 2007–12 ............................................................................ 56 Table 55: Philippines Solid Fats Market Value (LCU m) by Segments, 2012–17 ............................................................................ 56 Table 56: Philippines Solid Fats Market Value (USD m) by Segments, 2007–12............................................................................ 57 Table 57: Philippines Solid Fats Market Value (USD m) by Segments, 2012–17............................................................................ 57 Table 58: Philippines Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ................................................................. 59 Table 59: Philippines Solid Fats Market Volume (Kg m) by Segments, 2007–12 ............................................................................ 60 Table 60: Philippines Solid Fats Market Volume (Kg m) by Segments, 2012–17 ............................................................................ 60 Table 61: Philippines Solid Fats Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007,

2012 & 2017), by Value (LCU m), by Segments ............................................................................................................................... 62 Table 62: Philippines Solid Fats Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007,

2012 & 2017), by Volume (Kg m), by Segments ............................................................................................................................... 63 Table 63: Philippines Compound Cooking Fats (CCF) Market by Value (LCU m), 2007–17 .......................................................... 64 Table 64: Philippines Compound Cooking Fats (CCF) Market by Value (USD m), 2007–17.......................................................... 64 Table 65: Philippines Compound Cooking Fats (CCF) Market by Volume (Kg m), 2007–17 .......................................................... 65 Table 66: Philippines Ghee Market by Value (LCU m), 2007–17 ..................................................................................................... 66 Table 67: Philippines Ghee Market by Value (USD m), 2007–17 ..................................................................................................... 66 Table 68: Philippines Ghee Market by Volume (Kg m), 2007–17 ..................................................................................................... 67 Table 69: Philippines Lard Market by Value (LCU m), 2007–17 ....................................................................................................... 68 Table 70: Philippines Lard Market by Value (USD m), 2007–17 ...................................................................................................... 68 Table 71: Philippines Lard Market by Volume (Kg m), 2007–17 ...................................................................................................... 69 Table 72: Philippines Other Solid Fats Market by Value (LCU m), 2007–17 ................................................................................... 70 Table 73: Philippines Other Solid Fats Market by Value (USD m), 2007–17 ................................................................................... 70 Table 74: Philippines Other Solid Fats Market by Volume (Kg m), 2007–17 ................................................................................... 71 Table 75: Philippines Shortening Market by Value (LCU m), 2007–17 ............................................................................................ 72 Table 76: Philippines Shortening Market by Value (USD m), 2007–17 ............................................................................................ 72 Table 77: Philippines Shortening Market by Volume (Kg m), 2007–17 ............................................................................................ 73 Table 78: Philippines Solid Fats Market Value by Brands (LCU m), 2009–12 ................................................................................. 74 Table 79: Philippines Solid Fats Market Value by Brands (USD m), 2009–12 ................................................................................ 74 Table 80: Philippines Solid Fats Market Value by Distribution Channel (LCU m), 2009–12 ........................................................... 76 Table 81: Philippines Solid Fats Market Value by Distribution Channel (USD m), 2009–12 ........................................................... 77 Table 82: Archer Daniels Midland Company Fast Facts ................................................................................................................... 79 Table 83: Archer Daniels Midland Company Major Products and Services ..................................................................................... 80 Table 84: Archer Daniels Midland Company History......................................................................................................................... 87 Table 85: Archer Daniels Midland Company Key Employees .......................................................................................................... 90 Table 86: Archer Daniels Midland Company Other Locations .......................................................................................................... 92 Table 87: Archer Daniels Midland Company Subsidiaries ................................................................................................................ 94 Table 88: Unilever PLC Fast Facts .................................................................................................................................................... 97 Table 89: Unilever PLC Major Products and Services ...................................................................................................................... 98 Table 90: Unilever PLC History ........................................................................................................................................................ 104 Table 91: Unilever PLC Key Employees .......................................................................................................................................... 107 Table 92: Unilever PLC Subsidiaries ............................................................................................................................................... 109 Table 93: Bunge Limited Fast Facts ................................................................................................................................................ 113 Table 94: Bunge Limited Major Products and Services .................................................................................................................. 114 Table 95: Bunge Limited History ...................................................................................................................................................... 120 Table 96: Bunge Limited Key Employees ........................................................................................................................................ 122 Table 97: Bunge Limited Subsidiaries ............................................................................................................................................. 124 Table 98: Itochu Corporation Fast Facts.......................................................................................................................................... 130 Table 99: Itochu Corporation Major Products and Services ........................................................................................................... 131 Table 100: Itochu Corporation History ............................................................................................................................................. 140 Table 101: Itochu Corporation Key Employees ............................................................................................................................... 147 Table 102: Itochu Corporation Other Locations ............................................................................................................................... 150 Table 103: Itochu Corporation Subsidiaries..................................................................................................................................... 151 Table 104: JBS SA Fast Facts ......................................................................................................................................................... 165 Table 105: JBS SA Major Products and Services ........................................................................................................................... 166 Table 106: JBS SA History ............................................................................................................................................................... 172 Table 107: JBS SA Key Employees ................................................................................................................................................. 174 Table 108: JBS SA Subsidiaries ...................................................................................................................................................... 175 Table 109: Associated British Foods plc Fast Facts ....................................................................................................................... 177 Table 110: Associated British Foods plc Major Products and Services ......................................................................................... 178 Table 111: Associated British Foods plc History ............................................................................................................................. 184 Table 112: Associated British Foods plc Key Employees ............................................................................................................... 185




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Table 113: Associated British Foods plc Subsidiaries..................................................................................................................... 186 Table 114: CJ Corporation Fast Facts ............................................................................................................................................. 191 Table 115: CJ Corporation Major Products and Services ............................................................................................................... 192 Table 116: CJ Corporation History ................................................................................................................................................... 198 Table 117: CJ Corporation Key Employees..................................................................................................................................... 202 Table 118: CJ Corporation Subsidiaries .......................................................................................................................................... 203 Table 119: Kao Corporation Fast Facts ........................................................................................................................................... 209 Table 120: Kao Corporation Major Products and Services ............................................................................................................. 210 Table 121: Kao Corporation History ................................................................................................................................................. 215 Table 122: Kao Corporation Key Employees................................................................................................................................... 218 Table 123: Kao Corporation Other Locations .................................................................................................................................. 220 Table 124: Kao Corporation Subsidiaries ........................................................................................................................................ 221 Table 125: Ajinomoto Co., Inc. Fast Facts ....................................................................................................................................... 224 Table 126: Ajinomoto Co., Inc. Major Products and Services......................................................................................................... 225 Table 127: Ajinomoto Co., Inc. History ............................................................................................................................................ 230 Table 128: Ajinomoto Co., Inc. Key Employees .............................................................................................................................. 232 Table 129: Ajinomoto Co., Inc. Subsidiaries .................................................................................................................................... 235 Table 130: Uni-President Enterprises Corp. Fast Facts .................................................................................................................. 239 Table 131: Uni-President Enterprises Corp. Major Products and Services.................................................................................... 240 Table 132: Uni-President Enterprises Corp. History ....................................................................................................................... 245 Table 133: Uni-President Enterprises Corp. Key Employees ......................................................................................................... 247 Table 134: Uni-President Enterprises Corp. Other Locations ......................................................................................................... 249 Table 135: Uni-President Enterprises Corp. Subsidiaries ............................................................................................................... 251




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1. Introduction

1.1 What is this Report About?

This report is the result of Canadean’s extensive market research covering the Oils and Fats Market in

Philippines. It provides detailed segmentation of historic and future Oils and Fats Market, covering key

categories and segments.

As such the report is an essential tool for companies active across the Oils and Fats industry and for new

players considering entry into Philippines’s Oils and Fats market.

1.2 Definitions

All the data is collected in volume terms. Oils and Fats Market refers to domestic Market only and

includes imports. Please note that rounding errors may occur.

1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013

– 2017

1.2.2 Category Definitions

Table 1: Category Definitions - Oils and Fats Market

Category Segment Definition

Oils Cooking Sprays Cooking oil sold in a container that dispenses the product via a spray action e.g. Mazola No Stick Cooking Spray

Corn Oil A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil e.g. Mazola Corn Oil, Goya corn Oil

Olive Oil Oil pressed from olives, used in salad dressings and for cooking e.g. Bertolli,

Carapelli

Other Edible Oils All edible oils not considered elsewhere for the relevant country.

Sunflower Oil Oil extracted from sunflower seeds e.g. Sundrop, Flora

Vegetable Oil Any group of edible oils that are esters of fatty acids and glycerol and are obtained from plant and not considered in any of the oil categories and specifically for the relevant country e.g. Canola oil, Palm oil, Soybean oil, Groundnut oil

Solid Fats Compound Cooking Fats

(CCF)

Solid combined animal and vegetable fat used for cooking. Sold normally in block form.

Ghee Clarified butter used in Indian cookery.

Lard White semisolid fat obtained from a pig, esp from the abdomen, used in cooking. Sold normally in block form.

Other Solid Fats Other types of edible fats that are solid at room temperature and come mainly come from animal foods e.g. milk fat, chicken fat and not included under CCF and Lard

Shortening Solid hydrogenated vegetable fat used for cooking. Sold normally in block form.

Source: Canadean © Canadean




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1.2.3 Distribution Channel Definitions

Table 2: Distribution Channel Definitions - Oils and Fats Market

Distribution Channel Definition

Cash & carries & warehouse clubs

(Cash & Carry)

Cash & carries sell from a wholesale warehouse to customers (small retailers, professional users) who pay on the spot and transport goods away themselves. Warehouse clubs are

no-frills stores that sell discounted goods to members who pay an annual fee. Delivered wholesale sales are not included. In our data only sales from these stores direct to the public (for example through work place deals allowing otherwise regular consumers to shop

there) are covered. Example: Makro, Metro, Costco, Sams Club

Discount, variety store & general merchandise retailers

(Dollar Stores)

Dollar Stores, Variety Stores & General Merchandise Retailers - A variety store or price-point retailer (including Dollar stores) is a retail store that sells inexpensive items, often with a single price for all items in the store, or a general low price policy. Typical merchandise

includes cleaning supplies, toys, household goods and gardening equipment, basic foods and beverages. A general store, general merchandise store, or small town store carries a (broad) general line of merchandise, often in a medium (and sometimes small) store

format, serving the needs of either the surrounding town or rural area. They differ from convenience stores or corner shops in that it will be the main shop for the community rather than a convenient supplement and typically carries a broader product line. Example: 9 to 9

Dollar Shop.

Convenience stores & gas stations

(Convenience stores)

Convenience Stores - Includes all sales through stores of an area generally less than 300 sq m, that specialize in a limited range of food & grocery products designed primarily for consumers with top-up shopping needs. Also includes sales in retail outlets attached to gas

stations, where fuel is the main revenue driver, kiosks, and newsstands. This also includes small independent retailers, particularly those present in countries such as China and India.

Department stores

(Department stores)

Department Stores - Includes all sales through multi-category retailers, focusing primarily on non-grocery categories with distinct departments specializing in defined product areas.

Examples include Bloomingdale's, Macy's, John Lewis and El Corte Ingles.

Hypermarkets & supermarkets

(Hyper/ Super Markets)

Hypermarkets& Supermarkets (incl. discounters) - Hypermarkets/mass merchandisers include all sales through retailers with floor area over 2,500 sq m that carry full lines of both grocery and general merchandise (e.g. Walmart). Supermarkets include all sales through

retailers with a floor area of 300 sq m -2,500 sq m that offer a wide, departmentalized range of groceries, and may carry some general merchandise lines (e.g. Sainsbury's, Kroger). It also includes hard grocery discounters such as Walmart.

Vending machines

(Vending machines)

Vending machines - Includes paid-for sales from all vending machines not located within a

store (e.g. public places, workplaces, pubs & Bars).

Drug stores & Pharmacies

(Pharmacies)

Drug stores & Pharmacies - Stores licensed to dispense prescription (Rx) and over-the-counter (OTC) healthcare products and where these sales account for the majority of revenues. Also known as Drug store and Health store. This channel does not include supermarkets with pharmacy counters. Example: Hetro and Apollo pharmacies in India.

Food & drinks specialists

(Food & drinks specialists)

Food & drinks specialists - Includes bakers, butchers, delicatessens, drinks specialists, fishmongers, greengrocers, Food & drinks only stores, and single category stores (e.g. stores selling only cheese, or only olives, or only honey, or only Confectionery products) Example : Amul Dairy shops In India.

eRetailers

(eRetailers)

eRetailers - Includes all sales that take place over the internet, irrespective of whether the vendor is a pure-play internet company or the online offering of a physical retailer. Example: Amazon, SPAR and FutureBazaar.com in India.

Health & Beauty Stores Retailers that generate the majority of their revenue through a specific product type. In the personal care market, this includes specialist stores other than drugstores. Example: Boots

in UK, Himalaya In India.

Other general retailers

(Others)

Others - Includes other generalist retail channels not included in the categories above (e.g. market traders, charity stores, student union stores, direct sales, and Duty Free shops).





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1.2.4 Volume Units and Aggregations

Table 3: Volume Units for Oils and Fats Market

Category Segment Units

Oils and Fats Oils Kg m

Solid Fats Kg m


1.2.5 CAGR Definition and Calculation

Compound Annual Growth Rate (CAGR) is the year-over-year growth rate of a value over a specified

period of time.

For this report, CAGR for historic time period is Calculated from 2007-2012, as

CAGR = (( 2012 Value / 2007 Value ) ^ ( 1 / (2012-2007)) ) - 1

CAGR for forecast time period is Calculated from 2012-2017, as

CAGR = (( 2017 Value / 2012 Value ) ^ ( 1 / (2017-2012)) ) - 1

For Brand Analysis and Distribution Channel Analysis, CAGR is Calculated from 2009-2012, as

CAGR = (( 2012 Value / 2009 Value ) ^ ( 1 / (2012-2009)) ) – 1

1.2.6 Graphical representation of Brands

Top 10 brands are considered for each category in the market subject to availability of such data. Brand

analysis charts are displayed only for categories where data is available for more than two brands.




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1.2.7 Exchange Rates

All research is conducted in local currency in nominal prices. US dollar conversions for all historic data

and for the latest year of actual data (2012 in this report) are made using an annual average exchange

rate. For details please refer to table below. As we do not forecast exchange rates, the forecast data

(from 2013 to 2017) is converted using a fixed 2012 exchange rate. As a result, annual growth rates for

historic data will differ between local currencies and US dollar conversions, whereas they will be the

same for forecasts.

Table 4: Philippines Exchange Rate LCU (Local Currency Unit) – USD (Annual Average), 2007 –

2012

Currency 2007 2008 2009 2010 2011 2012

LCU – USD XXXX XXXX XXXX XXXX XXXX XXXX


1.2.8 Methodology Summary

In order to create the data for all the reports in this series and ensure its robustness, a comprehensive

and empirically robust research methodology has been adopted. This combines both a large-scale

program of industry research with the results of extensive primary industry interviewing and calling.

Furthermore, all definitions are standardized across products and countries to ensure comparability.

The two main research methods, secondary research and primary research (the program of interviewing

industry contacts), are brought together and because both sets of research processes have been

designed in conjunction with each other they can be combined and consolidated into the final, integrated

data sets.

The secondary research process involves covering publicly available sources, trade associations,

specialist databases, company annual reports, and industry publications. While primary research involves

a major program of interviewing leading industry executives for each category covered in each country –

all with local country experts; typically brand, product and marketing managers for major brands within

each country. These processes help analysts in capturing both qualitative and quantitative information

about the market.

The final stage of the process is the triangulation of inputs obtained from all the research methods with

the analyst’s own understanding of the market in order to finalize the data. Once the data is finalized, it

goes through various top level quality checks prior to publishing.




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2. Philippines Oils and Fats Market Analysis, 2007–17

2.1 Oils and Fats Value Analysis, 2007–17

2.1.1 Overall Oils and Fats Market Value, 2007–17

Table 5: Philippines Oils and Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth


Table 6: Philippines Oils and Fats Market Value (USD m) and Growth (Y-o-Y), 2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth


Figure 1: Philippines Oils and Fats Market Value (LCU m) and Growth (Y-o-Y), 2007–17





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2.1.2 Oils and Fats Market Value by Category, 2007–17

Table 7: Philippines Oils and Fats Market Value (LCU m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Oils

Solid Fats

Overall


Table 8: Philippines Oils and Fats Market Value (LCU m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Oils

Solid Fats

Overall


Table 9: Philippines Oils and Fats Market Value (USD m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Oils

Solid Fats

Overall


Table 10: Philippines Oils and Fats Market Value (USD m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Oils

Solid Fats

Overall





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Figure 2: Philippines Oils and Fats Market Value (LCU m) by Category, 2007–17


2.1.3 Market Growth Dynamics by Value – Oils and Fats, 2007–17

Table 11: Philippines Oils and Fats Market Dynamics: past and future growth rates (2007–12 &

2012–17) and market size (2007, 2012 & 2017), by Category, by Value (LCU m)

Category CAGR 2012–17 CAGR 2007–12 Market Size

2007 Market Size

2012 Market Size

2017

Oils

Solid Fats

Overall


Figure 3: Philippines Oils and Fats Market Dynamics, by Category, by Market Value, 2007–17





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2.2 Oils and Fats Volume Analysis, 2007–17

2.2.1 Overall Oils and Fats Market Volume, 2007–17

Table 12: Philippines Oils and Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Volume

Y-o-Y growth


Figure 4: Philippines Oils and Fats Market Volume (Kg m) and Growth (Y-o-Y), 2007–17





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2.2.2 Per-Capita Consumption - Oils and Fats, 2007–17

Table 13: Philippines Per-capita Oils and Fats Consumption (Kg/head & Y-o-Y growth), 2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Per-Capita Consumption

Y-o-Y growth


Figure 5: Philippines Per-Capita Oils and Fats Consumption (Kg/head & Y-o-Y growth), 2007–17





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2.2.3 Oils and Fats Market Volume by Category, 2007–17

Table 14: Philippines Oils and Fats Market Volume (Kg m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Oils

Solid Fats

Overall


Table 15: Philippines Oils and Fats Market Volume (Kg m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Oils

Solid Fats

Overall


Figure 6: Philippines Oils and Fats Market Volume (Kg m) by Category, 2007–17





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2.2.4 Market Growth Dynamics by Volume – Oils and Fats, 2007–17

Table 16: Philippines Oils and Fats Market Dynamics: past and future growth rates (2007–12 &

2012–17) and market size (2007, 2012 & 2017), by Category, by volume (Kg m)

Category CAGR 2012–17 CAGR 2007–12 Market Size

2007 Market Size

2012 Market Size

2017

Oils

Solid Fats

Overall


Figure 7: Philippines Oils and Fats Market Dynamics, by Category, by Market Volume 2007–17


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