According to Delfi Foods Philippines, the repercussions of prolonged geopolitical tensions, elevated interest rates, ongoing strain on specific supply chains and elevated commodity prices, especially soaring cocoa prices, could dampen consumer confidence in its key categories and moderate profits in 2024. These factors are likely to remain challenges for sugar confectionery players in the forecast period.
In addition to macroeconomic factors, sugar confectionery faces other potential challenges in the forecast period. One such challenge concerns the restrictions implemented on sales of these products in some important cities.
Another challenge for sugar confectionery brands, particularly ones offering gummies and chews, is external competition from health-positioned categories. This threat is emerging as the owners of paediatric vitamins brands introduce their products in similar chewy or gummy formats.
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Understand the latest market trends and future growth opportunities for the Sugar 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 Sugar 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.
Sugar Confectionery
This is the aggregation of mints, boiled sweets, pastilles, gummies, jellies and chews, toffees, caramels, and nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.
See All of Our DefinitionsThis report originates from Passport, our Sugar Confectionery research and analysis database.
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