The Philippines chocolate confectionery market is set to increase from USD 516.3 million in 2023 to USD 899.8 million by 2029, reflecting a CAGR of 9.7% over the 2024 to 2029 timeframe. In the Philippines, the chocolate confectionery market is seeing growth driven by a rising middle-class population, greater disposable incomes, and a growing taste for Western-style snacks. The influence of Western culture, especially in urban areas, has led to an increasing preference for premium chocolate brands. Additionally, seasonal gifting and festive occasions, such as Christmas and Valentine’s Day, play a key role in driving demand for chocolate products.
The report offers a comprehensive evaluation of the Philippines chocolate confectionery market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the chocolate confectionery industry.
Market Segmentation
The Philippines chocolate confectionery market is classified into the following segments:
Product type: boxed chocolates, countlines, pouches and bags, tablets, others
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, e-commerce, others
The Philippines market for chocolate confectionery is divided based on product type, type and distribution channel. By product type, the market includes boxed chocolates, countlines, pouches and bags, tablets, and others. Type categories include regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, e-commerce, and others.
Competitive Landscape
The chocolate confectionery market is highly competitive, with key companies profiled in this report, including The Hershey Company, Nestle S.A., Morinaga & Company Ltd., Mondelez International Inc., Meiji Holdings Co. Ltd., Mars Incorporated, JG Summit Holdings Inc., Grupo Arcor S.A., Ferrero International S.A., Delfi Limited, Commonwealth Foods Inc., Chocoladefabriken Lindt & Sprungli AG and August Storck KG.
This analysis offers a comprehensive overview of the main players in the chocolate confectionery market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Philippines chocolate confectionery market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines chocolate confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Philippines Chocolate Confectionery Market – Product Type Analysis
Philippines Chocolate Confectionery Market – Type Analysis
Philippines Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– The Hershey Company
– Nestle S.A.
– Morinaga & Company, Ltd.
– Mondelez International Inc.
– Meiji Holdings Co., Ltd.
– Mars, Incorporated
– JG Summit Holdings, Inc.
– Grupo Arcor S.A.
– Ferrero International S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Philippines Chocolate Confectionery Market 2019-2029
Chart Philippines Chocolate Confectionery Market, Net Growth, 2019-2029
Chart Philippines Chocolate Confectionery Market, Growth Rates, 2019-2029
Table Philippines Chocolate Confectionery Market by Product Type, 2019-2029
Chart Philippines Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines Chocolate Confectionery Market by Product Type, 2019-2029
Table Philippines Chocolate Confectionery Market by Type, 2019-2029
Chart Philippines Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines Chocolate Confectionery Market by Type, 2019-2029
Table Philippines Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart Philippines Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Philippines Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table Philippines Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart Philippines Chocolate Confectionery Market, by Companies, 2023
Table Philippines Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart Philippines Chocolate 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 Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table Philippines Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
The Hershey Company
Nestle S.A.
Morinaga & Company, Ltd.
Mondelez International Inc.
Meiji Holdings Co., Ltd.
Mars, Incorporated
JG Summit Holdings, Inc.
Grupo Arcor S.A.
Ferrero International S.A.
Delfi Limited
Commonwealth Foods, Inc.
Chocoladefabriken Lindt & Sprungli AG
August Storck KG