Press release
Philippines Confectionery Market Size Worth USD 1,105.39 Million by 2033
The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Philippines confectionery market size reached USD 862.14 Million in 2024 and is projected to grow to USD 1,105.39 Million by 2033, exhibiting a CAGR of 2.80% during the forecast per.
Report Attributes and Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 862.14 Million
Market Forecast in 2033: USD 1,105.39 Million
Market Growth Rate (2025-2033): 2.80%
Philippines Confectionery Market Overview:
The Philippines confectionery market is seeing consistent development as outside brands are picking up notoriety and driving neighborhood companies to enhance with modern flavors and items. The development of retail channels and online marketplaces is making confectionery things more open, whereas government approaches and computerized promoting are supporting advertise advancement. Companies are propelling premium and oddity items, and social media is impacting shopper inclinations, especially among more youthful socioeconomics. As a result, the advertise is persistently advancing to meet changing tastes and utilization patte.
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The market is experiencing a surge in the notoriety of imported desserts, particularly chocolates and candies from worldwide brands, which are seen as premium treats. Social media stages and influencer promoting are forming shopper choices and boosting request for modern and limited-edition items. The dispatch of lead stores by remote brands, such as Venchi's unused outlet in Bonifacio Worldwide City in November 2024, reflects the developing offer of worldwide confectionery. Neighborhood producers are reacting by creating imaginative offerings and leveraging online stages for more extensive reach.
Key drivers include the development of retail and e-commerce channels, making confectionery more available over the nation. The rise of cashless installments, quick conveyance administrations, and elite online advancements are empowering computerized buys. Development within the retail division is expanding item accessibility, whereas little and neighborhood businesses are leveraging online stages to reach across the country buyers. These variables, combined with advancing customer inclinations and expanded expendable earnings, are fueling market growth.
Philippines Confectionery Key Growth Drivers:
• Rising popularity of foreign brands and imported sweets
• Expansion of retail and e-commerce channels
• Increasing digital marketing and influencer engagement
• Innovation by local manufacturers in flavors and product formats
• Growth in disposable incomes and gifting culture
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/philippines-confectionery-market
Philippines Confectionery Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product type, age group, price point, and distribution channel.
By Product Type:
• Hard-boiled Sweets
• Mints
• Gums and Jellies
• Chocolate
• Caramels and Toffees
• Medicated Confectionery
• Fine Bakery Wares
• Others
By Age Group:
• Children
• Adult
• Geriatric
By Price Point:
• Economy
• Mid-range
• Luxury
By Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Pharmaceutical and Drug Stores
• Online Stores
• Others
By Region:
• Luzon
• Visayas
• Mindanao
Competitive Landscape:
The report provides a comprehensive analysis of the competitive landscape, including market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Detailed profiles of all major companies operating in the Philippines confectionery market are included.
Philippines Confectionery Market News:
• In November 2024, Venchi, the Italian chocolatier and gelato producer, launched its first store in Bonifacio Global City, Philippines, offering a range of chocolate bars and gelato varietie.
• In September 2024, the Philippine Retailers Association highlighted the increasing contribution of the retail sector to the nation's GDP, driven in part by the growth of confectionery sales through expanding retail and e-commerce channels.
Note: If you require specific information not currently within the scope of the report, we can provide it as part of the customization.
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IMARC Group
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Email: Sales@imarcgroup.com
Tel. No.: (D) +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91 120 433 0800 | UK: +44 753 714 6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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