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Retail Market in the Philippines to Grow by USD 66.35 Billion from 2024-2028, Driven by Demand for Convenience Foods, Report on Market Evolution Powered by AI – Technavio

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NEW YORK, Feb. 14, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The retail market in philippines size is estimated to grow by USD 66.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.1%  during the forecast period. Growing demand for convenience food products is driving market growth, with a trend towards in sales through online distribution channels . However, threat from counterfeit products  poses a challenge. Key market players include A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot.

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Retail Market In Philippines Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.1%

Market growth 2024-2028

USD 66353.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.7

Regional analysis

Philippines

Performing market contribution

APAC at 100%

Key countries

Philippines and APAC

Key companies profiled

A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot

Market Driver

The retail market in the Philippines is thriving with various trends shaping the industry. Big-box retailers are expanding their brick-and-mortar stores, while e-commerce and mobile commerce continue to grow. Data analytics and artificial intelligence are being used for personalized marketing and inventory management. Multichannel retailing, online buying, and fast delivery are becoming the norm. Warehouse automation, cross-selling, upselling, and loyalty programs are key strategies for retailers. Food and beverages, including supermarkets and hypermarkets, convenience stores, and specialty food stores, are popular. Motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers also contribute to the market. Technology trends like AI, machine learning, chatbots, AR, and VR are transforming retail experiences. Healthy eating and convenience in shopping are major consumer preferences. Ecommerce, nonstore retailers, building materials dealers, garden equipment dealers, pharmacies, healthcare stores, sporting goods stores, hobby stores, musical instrument stores, bookstores, and various other retail segments are also part of this dynamic market. 

In the Philippine retail market, there’s a notable growth in online sales of consumer goods. Established and private retailers have capitalized on this trend, selling their merchandise via shopping portals. The elimination of physical stores, inventory, and salespeople through online channels has led retailers to prioritize digital sales. Additionally, the rise in internet and smartphone usage in the country provides a significant opportunity for retailers to expand their online presence. Consumers also prefer online shopping due to its time-saving and practical advantages, particularly for their daily FMCG needs. 

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 Market Challenges

The retail market in the Philippines faces various challenges in today’s dynamic business environment. Traditional brick-and-mortar stores compete with big-box retailers, e-commerce, mobile commerce, and various forms of online buying. Data analytics and artificial intelligence are essential for personalized marketing and multichannel retailing. Fast delivery, inventory management, and last-mile delivery are crucial for customer convenience. Several retail sectors, including supermarkets and hypermarkets, convenience stores, motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers, are adapting to these trends. E-commerce and nonstore retailers, such as cosmetics stores, clothing stores, electronics stores, appliance stores, furniture stores, home furnishings stores, department stores, general merchandise stores, and online stores, are investing in AI, machine learning, chatbots, augmented reality, and virtual reality for a seamless shopping experience. Food and beverage retailers, including specialty food stores and hobby stores, are focusing on healthy eating and convenience. Pharmacies and healthcare stores, sporting goods stores, and hobby stores are exploring new technologies like robotics, drone deliveries, and omnichannel shopping. Overall, retailers must embrace technology, provide fast and convenient services, and offer personalized experiences to stay competitive in the Philippine market.The retail market in the Philippines faces a considerable challenge from the proliferation of counterfeit goods. Fake products, ranging from Fast-Moving Consumer Goods (FMCG) to electronics, are widely available and pose a significant threat to both retailers and genuine manufacturers. These imitations, often sold through online platforms, are driving down prices with their lower quality and durability. This influx of counterfeits is making it increasingly difficult for customers to distinguish between genuine and fake items, negatively impacting sales for major retailers and damaging the reputation of legitimate brands. To stay competitive, counterfeiters price their products attractively, but the long-term costs to consumers and businesses are substantial.

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Segment Overview 

This retail market in Philippines report extensively covers market segmentation by  

ProductFood And BeveragesPersonal And Household CareApparel And FootwearElectrical And ElectronicsOthersDistribution ChannelOfflineOnlineGeographyAPAC

1.1 Food and beverages-  The retail market in the Philippines is witnessing growth in the food and beverages sector due to rising commodity prices and increasing purchasing power in regions like Manila and Calabarzon. Consumers are showing a growing preference for imported goods, particularly processed foods, which is projected to register the highest growth rate. Mini marts are gaining popularity in urban areas and expanding into smaller cities, focusing on instant food and beverage products. Ready-to-eat food products, such as protein balls, trail mix, and chilled ready meals, are popular choices. Freshly prepared hotdogs and steamers are also available daily in retail stores, attracting customers. These trends are expected to fuel the growth of the food and beverages segment in the Philippines during the forecast period.

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Research Analysis

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce platforms, and mobile commerce. Consumers in the Philippines increasingly prefer the convenience of online buying, with fast delivery and inventory management being key factors. Retailers are leveraging data analytics, artificial intelligence, and machine learning to offer personalized marketing, cross-selling, and upselling opportunities. Multichannel retailing is gaining popularity, allowing customers to shop seamlessly across different channels. The retail landscape includes various segments such as food and beverages, motor vehicle dealers, parts dealers, gasoline stations, miscellaneous store retailers, cosmetics stores, and personal care stores. Innovative technologies like chatbots, augmented reality, and virtual reality are being adopted to enhance the shopping experience.

Market Research Overview

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce, mobile commerce, and nonstore retailers. These channels offer a wide range of products, including food and beverages, electronics, appliances, furniture, clothing, cosmetics, and more. Convenience is a key driver in the Philippine retail industry, with an increasing focus on fast delivery, inventory management, and last-mile delivery solutions. Technology plays a significant role, with data analytics, artificial intelligence, personalized marketing, and multichannel retailing becoming increasingly important. Consumers can now shop online, in-store, or through their mobile devices, and retailers are leveraging tools like cross-selling, upselling, loyalty programs, and chatbots to enhance the shopping experience. Additionally, emerging technologies like augmented reality, virtual reality, and robotics are being explored to create innovative retail solutions. The retail landscape in the Philippines continues to evolve, offering consumers a wide range of convenient and personalized shopping options.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFood And BeveragesPersonal And Household CareApparel And FootwearElectrical And ElectronicsOthersDistribution ChannelOfflineOnlineGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lightyear Announces Winners of 2026 Luminaries of Telecom Awards

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NEW YORK, Nov. 6, 2026 /PRNewswire/ — Lightyear, Telecom’s System of Action, today announced the winners of its fourth annual Luminaries of Telecom Awards, recognizing the people, teams, and organizations driving innovation and transformation across enterprise telecom.

For the first time, the awards were presented live at Layer8 by Lightyear, the company’s inaugural one-day industry event held in NYC on November 4, 2026. This year’s program recognized enterprise leaders and teams across four categories:

Platform ExcellenceAI TrailblazerDream TeamTransformation of the Year

The 2026 Luminaries Awards celebrate the individuals and organizations pushing the boundaries of what’s possible in telecom, from embracing AI-driven operations to transforming network procurement, telecom management, and collaboration.

2026 Award Recipients

Platform Excellence

Recognizing individuals who demonstrate exceptional use of the Lightyear platform through rapid implementation, innovative application, and measurable business impact.

Winners:

Motorola Solutions: Nicole Pagliaro-Mojica, Sr. Manager I, IT Network Business Operations, Telecom Services; Yader Rodriguez, Network Engineer; and Tina Covert, Network & Telecom Sr. Project ManagerRise Internet: Duane Zechmann, Field Engineering Manager

AI Trailblazer

Celebrating the forward-thinking leaders putting agentic AI to work in network operations to streamline processes, improve efficiency, and deliver meaningful business outcomes.

Winners:

The Trade Desk: Aftab Ali, Head of Infrastructure BizOps, and Kazuma Nagatori, Lead Staff Network EngineerElauwit Connection: Taylor Jones, President and CTO

Dream Team

Recognizing IT teams that exemplify exceptional collaboration, leveraging technology and strategic processes to work more effectively and deliver stronger outcomes across their organizations.

Winners:

FactSet: Umer Malik, Associate Director of Data Centers and Network Operations

Transformation of the Year

Honoring organizations that have leveraged Lightyear to fundamentally transform their network infrastructure while establishing best-in-class approaches to telecom procurement and vendor management.

Winners:

Honeywell Aerospace: Todd Stewart, Vice President of Network, Infrastructure, Computing, and SupportSolstice Advanced Materials: Bryan Adcock, Senior Strategic Sourcing Manager of Global IT Procurement and Steve Delatte, IT Director

Celebrating the People Moving Telecom Forward

“Telecom is at an inflection point. AI is changing what’s possible in network operations, but successful transformation still comes down to the people willing to challenge the status quo and rethink how things have always been done,” said Dennis Thankachan, CEO and Co-Founder of Lightyear. “This year’s Luminaries represent exactly that mindset. They’re not just adopting new technology; they’re putting it to work to drive real change across their organizations. We’re proud to be a part of their journeys and even more excited about what’s ahead for this industry.”

Lightyear congratulates all of this year’s winners and finalists and extends its sincere appreciation to the judging panel and event hosts for their time, expertise, and contributions to the program.

Congratulations to the 2026 Luminaries. We’ll see you next year!

About Lightyear

Lightyear helps more than 450 enterprises procure, manage, and pay for telecom services through one connected platform. Its Procurement, Network Inventory Management, and Expense Management products combine software, AI agents, proprietary data from 1,200+ carriers, and telecom experts to reduce costs, save time, and maintain control across the service lifecycle.

Media Contact

Caroline Colwell
caroline@lightyear.ai

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John Summit Brings Experts Only to Big Sky for Two Headline Shows, March 13-14, 2027

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Event marks Montana debut for John Summit and the exclusive Experts Only ski weekender in the U.S. in 2027

BIG SKY, Mont., Nov. 6, 2026 /PRNewswire/ — Outlaw Partners is pleased to announce that Experts Only is heading to Big Sky. John Summit Presents Experts Only Big Sky will take over the Big Sky Events Arena for two headline shows on Saturday, March 13 and Sunday, March 14, 2027. It will be John Summit’s first time performing in Montana and the only Experts Only ski weekender in the U.S. in 2027.

Presented by Experts Only and produced by Outlaw Partners, the weekend will bring together some of the world’s best DJs, live music, skiing, wellness activities, and more, all in one of the most spectacular mountain settings in North America. The Big Sky Events Arena sits in Big Sky’s Town Center, with the 11,166-foot Lone Mountain as the backdrop.

“We’re honored to partner with John Summit and the Experts Only team to bring this incredible electronic music and ski lifestyle event to Big Sky,” said Megan Paulson, Co-Founder and Chief Marketing Officer of Outlaw Partners. “The caliber of John and the Experts Only artists, set against a one-of-a-kind mountain backdrop and the ski lifestyle that defines Big Sky, makes this a weekend fans will not want to miss. It’s a once-in-a-lifetime experience, and we can’t wait to share it.”

“I’ve always wanted to go to Montana and throw an event there as I’ve only heard amazing things,” said John Summit. “Big Sky has been on our radar for a while so it was a no-brainer to bring Experts Only there. You know we’ll go all out as we always do with parties all over the mountain, It’s gonna be a fun one!”

Big Sky is an iconic location, and John Summit has become an icon in his craft. Together they promise a landmark weekend. With no mainstream festivals on John Summit’s 2027 schedule, the Big Sky stop will be a unique opportunity to see him.

Tickets include GA, VIP and VVIP options, and fans are expected to travel from around the country for the weekend. Demand is expected to be high and tickets are expected to sell out, so fans are encouraged to secure them early for the best access.

Early Access presale: Experts Only Big Sky presale tickets on Tuesday, November 10 at 10 a.m. MT.Public on-sale: Tickets go on sale to the general public on Wednesday, November 11 at 10 a.m. MT.

To register for presale ticket access visit – expertsonly.lnk.to/skiweekenders2027. Stay tuned for more event updates and information in the coming months.

About John Summit

John Summit is one of the most in-demand names in global dance music. The superstar DJ, producer, and label owner has amassed over three billion global streams, scored two #1 U.S. dance radio hits, and landed eleven Top 10 tracks on the Billboard Hot Electronic/Dance Songs chart. Known for his explosive live shows, Summit consistently sells out iconic venues worldwide, including New York City’s Madison Square Garden and Los Angeles’ Coliseum.

His global ascent shows no signs of slowing. From his debut Ibiza residency, headlining nine Mondays at [UNVRS], to a hometown headline set at Lollapalooza, he continues to command stages worldwide. Behind the scenes, Summit is a meticulous and thoughtful artist. Formerly a CPA by day and music tutor by night, he now spends long hours in the studio crafting dynamic, emotionally resonant tracks. He has headlined festivals around the world and produced unforgettable events in unique locations — from the hills of Tennessee to snowy takeovers in Vail, Colorado, and Tahoe, Nevada — all under the banner of his label and brand, Experts Only. Founded in pursuit of complete creative freedom, Experts Only is a global movement built on the principle of music without limits — blending house, techno, melodic, and everything in between. Summit’s global hits like “Where You Are” (feat. HAYLA), “Human” (feat. Echoes), and “Go Back” with Sub Focus (feat. Julia Church) reflect that ethos. In September 2026, the Chicago native turned Miami resident brought his groundbreaking Experts Only Festival back to New York for its second edition, drawing 60,000 fans to Randall’s Island for two days of high-octane performances.

He released his debut album Comfort In Chaos in 2024. Exploring themes of vice and virtue, highs and lows, and the duality of the human experience, the album reveals the man behind the icon, pairing Summit’s signature dancefloor energy with raw emotion and introspection. Building on this duality, Summit released his subsequent album CTRL ESCAPE on April 15th – reframing that tension through a new lens: the clash between 9–5 monotony and the electric release of the rave. Sonically and visually tracing Summit’s path from accountant to artist, the project positions music not just as an escape, but as a communal force—where collective euphoria becomes both rebellion and belonging. His impact on dance music has earned him nominations at the Billboard Music Awards, American Music Awards, and iHeartRadio Music Awards. He is now gearing up for his biggest headline run to date, the North American CTRL ESCAPE arena tour, further cementing his status as one of the few dance artists to achieve arena-level success.

About Experts Only

Experts Only is more than a record label—it’s a global movement born from John Summit’s pursuit of total creative freedom. Founded on the ethos of music without limits, Experts Only refuses to be boxed in, embracing a bold, genre-defying sound that spans house, techno, melodic, and everything in between. Since its inception, the label has become a platform for fearless artistry, showcasing standout releases from cutting-edge talents like Mau P, Kaskade, Odd Mob, Layton Giordani, Cassian, Max Styler, and Summit himself.

But Experts Only goes far beyond the studio. It’s reshaping the idea of a live dance-music experience, hosting unforgettable events in unlikely settings—from cave raves tucked in the Tennessee hills to snowy mountain takeovers in Vail, Colorado and Tahoe, Nevada, all the way to the lush jungles of Tulum. The brand has scaled internationally to places like Ibiza and Amsterdam, where few American DJs have made such an impact, and has made its mark on major festivals like Bonnaroo with its own curated stage. Experts Only wrapped its second annual festival on NYC’s Randall’s Island this year, following its 2025 debut and drawing more than 60K fans. The label was also named Label of the Year at the 2025 Powertools Awards on SiriusXM.

At its core, Experts Only is building a tightly connected global community—artists and fans united by a love of dance music that challenges the norm and hits deeper. Every release, every event, and every experience is a testament to the label’s mission: to push boundaries, set trends, and create a world where true creative expression reigns.

About Outlaw Partners

Founded in 2009, Outlaw Partners is an award-winning events, media and marketing company based in Big Sky and Bozeman, Montana. Outlaw is a passport to the Western lifestyle, building connections, creating experiences and inspiring action across its diverse business ecosystem.

Outlaw produces hand-curated events throughout Southwest Montana, including the 12x national event-of-the-year Big Sky PBR (Professional Bull Riding), community rodeos and more. Its seventh annual Wildlands Music, held at the Big Sky Events Arena with 11,166-foot Lone Peak as its backdrop, has grown into one of the region’s signature live music experiences, hosting artists including Carrie Underwood, Dave Matthews, Foo Fighters, Brandi Carlile, Riley Green and Lord Huron, among others.

Outlaw’s award-winning media portfolio, including Mountain Outlaw magazine, Explore Big Sky and Explore Yellowstone, tells the stories of the American West. Through events and media, Outlaw supports community organizations and creates experiences and content that capture the unique spirit of Montana and the greater Yellowstone.

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PG&E Corporation Foundation Awards $327,500 in STEM College Scholarships

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Celebrating National STEM Day on Nov. 8 by Helping Students Pursue STEM Careers

Link to B-roll video and soundbites of STEM recipients

OAKLAND, Calif., Nov. 6, 2026 /PRNewswire/ — The PG&E Corporation Foundation (PG&E Foundation) awarded $327,500 in scholarships to dozens of students pursuing degrees in science, technology, engineering and math (STEM) at colleges and universities across California and Historically Black Colleges and Universities (HBCUs) nationwide.

As communities celebrate National STEM Day on Nov. 8, the PG&E Foundation reaffirms its commitment to building tomorrow’s workforce through investments in STEM education and scholarships.

This year, scholarships in the amounts of $2,500, $5,000 and $10,000 are being granted to 57 students from across Pacific Gas and Electric Company’s (PG&E) service area through the program.

Since 2012, the Better Together STEM Scholarship Program has awarded nearly $8 million to accomplished students. This contribution is funded by PG&E shareholders and is not recovered through customer rates.

By investing in STEM education, the Foundation helps inspire curiosity, creativity, and innovation while empowering students to develop solutions and technologies that can make a positive impact in their hometown communities and beyond.

Scholarship recipients include Quennel Kempe of Fresno and Caden Kelly of Shingle Springs. Both students attend UC Berkeley. Kempe received a $5,000 scholarship and Kelly received a $2,500 scholarship.

“Receiving the PG&E STEM Scholarship shows me that my community believes in me. The financial assistance and encouragement give me the confidence to achieve my goals and make a greater impact in the future,” said Kempe, who is studying computer science. 

“The PG&E STEM Scholarship has given me the freedom to focus fully on my education without the added stress of financial challenges. It also serves as a reminder of the values I want to carry forward, using my education to give back to my community, supporting others and helping make STEM opportunities more accessible for future generations,” said Kelly who is studying electrical engineering.

Scholarships are based on academic achievement, demonstrated participation and leadership in school and community activities, and financial need. Recipients may reapply annually for up to five years.

Watch PG&E’s video series of past STEM scholar recipients.

“We hope these students discover a path in science, technology, engineering, and math that not only leads to new innovations and breakthroughs but also brings them fulfillment and a sense of purpose. We are proud to support them on their journey as they pursue their higher education goals and dreams,” said Carla Peterman, President, PG&E Corporation, and Chair of The PG&E Corporation Foundation Board.

Scholarship recipients must plan to enroll in full-time undergraduate study for the entire 2026-2027 academic year and pursue their first undergraduate degree at an accredited four-year institution in California. HBCU eligibility was recently added after an increasing number of applicants were admitted to historically Black colleges and universities, none of which are in California.

Employees Supporting Local Scholars

In addition to the Better Together STEM Scholarship Program, PG&E’s 11 employee resource groups (ERGs) and three engineering networking groups (ENGs) award scholarships to help offset the cost of higher education. The funds are raised entirely from employee contributions through direct donations, fundraising events and the company’s employee giving program known as Campaign for the Community. Since 1989, more than $6 million ERG/ENG Scholarships has been raised and awarded to thousands of our hometown students.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.

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