Philippines Hoisin Sauce Market Size & Outlook, 2025-2030
The hoisin sauce market in Philippines is expected to reach a projected revenue of US$ 29.3 million by 2030. A compound annual growth rate of 5.4% is expected of Philippines hoisin sauce market from 2025 to 2030.
Revenue, 2024 (US$M)
$21.3
Forecast, 2030 (US$M)
$29.3
CAGR, 2025 - 2030
5.4%
Report Coverage
Philippines
Related Markets
Philippines hoisin sauce market highlights
- The Philippines hoisin sauce market generated a revenue of USD 21.3 million in 2024 and is expected to reach USD 29.3 million by 2030.
- The Philippines market is expected to grow at a CAGR of 5.4% from 2025 to 2030.
- In terms of segment, conventional was the largest revenue generating nature in 2024.
- Organic is the most lucrative nature segment registering the fastest growth during the forecast period.
Hoisin sauce market data book summary
| Market revenue in 2024 | USD 21.3 million |
| Market revenue in 2030 | USD 29.3 million |
| Growth rate | 5.4% (CAGR from 2025 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Organic |
| Key market players worldwide | Lee Kum Kee, Koon Chun Sauce Factory, San-J International, Inc., Allied Old English, Hormel Foods Corp |
Other key industry trends
- In terms of revenue, Philippines accounted for 1.2% of the global hoisin sauce market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hoisin sauce market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 23.9 million by 2030.
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Hoisin Sauce Market Scope
Hoisin sauce market segmentation & scope
Hoisin Sauce Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allied Old English | View profile | 11-50 | Port Reading, New Jersey, United States, North America | https://www.alliedoldenglish.com |
| San-J International, Inc. | View profile | - | Richmond, Virginia, United States, North America | https://san-j.com/ |
| Koon Chun Sauce Factory | View profile | 51-100 | Yuen Long, New Territories, Hong Kong, Asia | https://www.koonchun.com.hk |
| Lee Kum Kee | View profile | 251-500 | City Of Industry, California, United States, North America | https://usa.lkk.com/ |
| Hormel Foods Corp | View profile | 20000 | 1 Hormel Place, Austin, MN, United States, 55912-3680 | https://www.hormelfoods.com |
Philippines hoisin sauce market size, by nature, 2018-2030 (US$M)
Philippines Hoisin Sauce Market Outlook Share, 2024 & 2030 (US$M)
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