Philippines: confectionery & snacks revenue 2029

The revenue in the 'Confectionery & Snacks' segment of the food market in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 3.5 billion U.S. dollars (+43.21 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 11.64 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Confectionery & Snacks' segment of the food market was continuously increasing over the past years.

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Revenue of the confectionery and snacks market in the Philippines from 2019 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.

Structure:

The market consists of two different submarkets:

The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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