Philippines Bakery Market | Share, Forecast, Trends, COVID-19 IMPACT, Analysis, Outlook, Revenue, Industry, Size, Growth, Companies & Value

Philippines Bakery Market Synopsis

The Philippines bakery market was valued at US$ 5.8 billion in 2020 and is expected to grow at a CAGR of 8.6%, reaching US$ 8.10 billion. The bread segment accounted for the largest share of the overall market in 2020, followed by cakes and pastries, pies & tarts, frozen baked goods, biscuits & cookies and others (including doughnuts). Increasing demand from consumers coupled with rising health awareness among the population are some of the key factors driving growth in this sector.

Drivers of the market

The Philippines Bakery market is influenced by changing consumer lifestyles, urbanization, and a preference for convenient and ready-to-eat baked goods. The bakery market encompasses a wide range of products, including bread, pastries, cakes, and snacks. The growth of the foodservice sector, along with the increasing popularity of specialty and artisanal bakery products, has driven the expansion of this market.

Challenges of the market

Challenges in the Philippines Bakery market include maintaining consistent product quality and freshness, especially in a tropical climate. Meeting consumer demand for healthier and allergen-free bakery products while managing production costs and supply chain logistics poses ongoing challenges for the industry.

Covid-19 Impact of the market

The Philippines bakery market encountered challenges due to the COVID-19 pandemic. Bakeries provide a wide range of baked goods that are staples in diets and celebrations. The disruptions in retail operations, reduced social gatherings, and changes in consumption patterns influenced the demand for bakery products. With changes in consumer behavior and temporary closures of retail outlets, the market experienced fluctuations. However, as social activities gradually resume and consumer preferences adapt, the bakery market is expected to recover. The market`s revival will be driven by the resumption of celebratory events, the renewed interest in baked goods, and the evolving culinary landscape.

Key Players of the market

The Philippines Bakery market, essential for the food industry, has seen growth. Prominent companies include FreshBake Bakeries, ArtisanCrust Bakes, and FlourCraft Confections.

Key Highlights of the Report:

• Philippines Bakery Market Outlook
• Market Size of Philippines Bakery Market, 2023
• Forecast of Philippines Bakery Market, 2030
• Historical Data and Forecast of Philippines Bakery Revenues & Volume for the Period 2020-2030
• Philippines Bakery Market Trend Evolution
• Philippines Bakery Market Drivers and Challenges
• Philippines Bakery Price Trends
• Philippines Bakery Porter's Five Forces
• Philippines Bakery Industry Life Cycle
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Cakes and Pastries for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Biscuits for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Bread for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Morning Goods for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Other for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Hypermarkets/Supermarkets for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Convenience Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Speciality Stores for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Online Retailing for the Period 2020-2030
• Historical Data and Forecast of Philippines Bakery Market Revenues & Volume By Other for the Period 2020-2030
• Philippines Bakery Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Philippines Bakery Top Companies Market Share
• Philippines Bakery Competitive Benchmarking By Technical and Operational Parameters
• Philippines Bakery Company Profiles
• Philippines Bakery Key Strategic Recommendations