The Philippines Chocolate Market size was valued at around USD 419.11 million in 2024 and is projected to reach USD 707.52 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.88% during the forecast period, i.e., 2025-30.
Philippines Chocolate Market Trend:
Increasing Demand for Premium & Artisanal Chocolates β Here market growth is driven by changing consumer preference towards artisan and premium chocolates due to their intense flavors, unique textures, and healthier ingredients. Artisanal chocolates are famous as they are made from locally sourced cacao. In 2022, with the production of 8770 metric tons of cacao, the Philippines became the world's 24th largest producer of cacao. There are several initiatives launched to support cacao farmers to reach the target of 100000 metric tons by 2025 by the Department of Agriculture. This shall open the door for locally operating businesses to go bean-to-bar and source single-origin chocolates. The demand for premium chocolates is further supported by the consumer preference for chocolate as a preferred gift during fiestas. Most Filipino consumer representatives preferred premium chocolates over mass-produced alternatives, thus signifying the importance of indulgence and sophistication in chocolatiers' presentation. Such a shift offers growth prospects for both local and international brands.
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Key Market Reports Highlights
β’ Market Dimensions & Projections
β’ Pricing Evaluation
β’ Recent Strategic Moves by Companies
β’ Primary Stakeholders
β’ Import/Export Trend Analysis
β’ Competitive Landscape Assessment
β’ Emerging Opportunities
β’ Market Trends and Indicators
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Philippines Chocolate Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
β’ By Product Type
o Dark Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Milk Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o White Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
β’ By Form
o Chocolate Bars - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Liquid Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Truffles Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
β’ By Distribution Channel
o Offline - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
ο§ Retail - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
ο§ Hypermarket/Supermarket - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
ο§ Convenience Stores - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Online - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
β’ By Category
o Conventional - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Organic - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Lactose-Free - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Gluten-Free - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Zero Sugar- Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
β’ By Region
o Luzon - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Visayas - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
o Mindanao - Market Size & Forecast 2020-2030, USD Million & Thousand Tons
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - NestlΓ©, Hershey's, Cadbury Adams, Mars, Ginto, Mondelez International Inc., JG Summit Holdings Inc., Comfoods, Delfi, Twin Oaks Foods Corporation, Mayora Philippines, and others
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