The outlook for chocolate confectionery over 2024 and the forecast period is positive, but economic challenges continue to circle. According to Delfi Foods Philippines, a prominent player in the industry, prolonged geopolitical tensions, rising interest rates, ongoing supply chain strains and soaring cocoa prices pose potential challenges.
The remains a risk of a backlash against sugary food and drinks, which could hamper the saes development of chocolate confectionery in the forecast period. This started with the Quezon City Anti-Junk Food and Sugary Drinks Ordinance of 2017, which bans the sale and advertising of a range of products, including chocolate confectionery, within 100 metres of school premises.
Filipino chocolate is being recognised globally, winning numerous awards from prestigious organisations like the Academy of Chocolate and International Chocolate Awards. Malagos Chocolate, based in Davao, leads with 56 awards, including Gold prizes at the International Chocolate Awards.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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