The confectionery market in Philippines was estimated at USD 1,314 million in 2023 and is expected to hit USD 2,204 million by 2029, registering a CAGR of 9% from 2024 to 2029 as per the latest market estimates. In the Philippines, the confectionery market is fueled by rising disposable incomes and the growing popularity of indulgent snacks among the younger population. The expansion of modern retail channels, including convenience stores and supermarkets, is making confectionery products more accessible, while the demand for innovative flavors and healthier alternatives is rising.
This report provides a thorough assessment of the Philippines confectionery industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, packaging type, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the confectionery industry.
Market Segmentation
The confectionery market in Philippines is categorized into the following segments:
Product type: chocolate, gums, sugar confectionery
Packaging type: flexible packaging, folding cartons, rigid plastic, metal, others
Distribution channel: convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, others
The Philippines confectionery market is segmented on the basis of product type, packaging type, and distribution channel. On the basis of product type, the confectionery market in Philippines has been segmented into chocolate, gums, and sugar confectionery. By packaging type, the confectionery market in Philippines has been segmented into flexible packaging, folding cartons, rigid plastic, metal, and others. Based on distribution channel, the confectionery market in Philippines is categorized into convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The Philippines confectionery market is highly competitive. As of 2023, the major players in the Philippines confectionery market were Trolli GmbH, The Hershey Company, Republic Biscuit Corp., PT. Mayora Indah Tbk, Perfetti Van Melle Group, Nestle S.A., Mondelez International Inc., Meiji Holdings Co. Ltd., Mars Incorporated, JG Summit Holdings Inc., Ferrero International S.A., Delfi Limited, Commonwealth Foods Inc., Columbia International Food Products Inc., Candyman Inc., August Storck KG.
This report provides a comprehensive analysis of the key players in the Philippines confectionery market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines confectionery market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewPhilippines confectionery market – product type analysis
Philippines confectionery market – packaging type analysis
Philippines confectionery market – distribution channel analysis
Key players and market share
– Trolli GmbH
– The Hershey Company
– Republic Biscuit Corp.
– PT. Mayora Indah, Tbk
– Perfetti Van Melle Group
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Philippines confectionery market 2019-2029
Chart Philippines confectionery market, net growth, 2019-2029
Chart Philippines confectionery market, growth rates, 2019-2029
Table Philippines confectionery market by product type, 2019-2029
Chart Philippines confectionery market by product type, CAGR historic and forecast, 2019-2029
Chart Philippines confectionery market by product type, 2019-2029
Table Philippines confectionery market by packaging type, 2019-2029
Chart Philippines confectionery market by packaging type, CAGR historic and forecast, 2019-2029
Chart Philippines confectionery market by packaging type, 2019-2029
Table Philippines confectionery market by distribution channel, 2019-2029
Chart Philippines confectionery market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Philippines confectionery market by distribution channel, 2019-2029
Table Philippines confectionery market share (%), by companies, 2019-2023
Chart Philippines confectionery market, by companies, 2023
Table Philippines confectionery market share (%), by brands, 2019-2023
Chart Philippines confectionery market, by brands, 2023
Table Philippines – population (millions) and forecast
Table Philippines – consumer price index (CPI) and forecast
Table Philippines – gross domestic product and forecast
Table Philippines confectionery market: spend as a proportion of GDP (%)
Table Philippines confectionery market: consumption per capita (population)