Foodservice and retail channels are anticipated to post positive gains over the forecast period. The Philippines’ improving economy and rising disposable incomes along with better job prospects will mean consumers’ lifestyles become more hectic.
Health and wellness trends will contribute to category growth throughout the next five years. Beyond small-scale businesses offering almond and other nut-based spreads through e-commerce, premium retailers such as S&R and Rustan’s are offering brands such as Kirkland Signature Almond Butter.
Nutella’s is enjoying boosted presence in e-commerce, especially on Lazada, Shopee, and TikTok Shop, which will encourage other players to accelerate investment in e-commerce partnerships and development. The increasingly hectic lifestyles of consumers will also contribute to greater reliance on e-commerce, creating greater urgency among players to form ties with various online platforms.
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Understand the latest market trends and future growth opportunities for the Sweet Spreads 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 Sweet Spreads 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.
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See All of Our DefinitionsThis report originates from Passport, our Sweet Spreads research and analysis database.
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