Market Forecast By Type (Cake, Pastries, Breads, Pastries, Others), By Claim (Gluten-Free , Organic), By Form (Fresh, Frozen, Others) And Competitive Landscape
Product Code: ETC018109 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Philippines Bread And Bakery Products Market is forecast to grow at highest growth rate during the upcoming years. The market is primarily being driven by the growing population, rising income levels, and changing lifestyles. Additionally, the government initiatives are also promoting the consumption of bread and bakery products in Philippines. However, the growth of the market is expected to be hindered by the health concerns associated with the consumption of bread and bakery products. Nevertheless, the growing health consciousness among consumers is creating opportunities of growth for healthy bread and bakery products in the country.
According to 6Wresearch, the Philippines Bread And Bakery Products Market size is anticipated to grow at a higher growth rate during the 2023-2029. With increasing population and an increasing preference for convenient food options, the bread and bakery industry in the Philippines has been booming in recent years. The market is also being driven by the growing demand for bread and bakery products and growing income levels among consumers. In addition to this, the market is further proliferated by the favorable government policies aimed at promoting the Philippines Bread And Bakery Products Market growth. However, the high cost of raw materials, competition from unorganized players, and changing consumer preferences are some of the factors hampering the growth of this market. Despite these challenges, the increasing number of working women are also contributing to the growth of this market. Moreover, consumers are becoming more health conscious and are seeking out healthier options, such as whole wheat breads and low-fat products. In addition, there is a growing preference for sourdough and gluten-free varieties. These trends are expected to continue over the forecast period, leading to the robust growth of Philippines Bread And Bakery Products Industry.
Due to the COVID-19 pandemic, the Philippines bread and bakery products market has seen several shortcomings. For instance, the disrupted supply chains making it difficult for bakeries and manufacturers to source raw materials and ingredients. The pandemic has led to changes in consumer behavior, including a shift towards online purchasing and a preference for packaged goods. Moreover, there has been an increase in demand from retail customers, as people spend more time at home and seek affordable options for meals and snacks.
Bread is the most widely consumed bakery product in the Philippines. However, the pastry segment and cakes and pastries segment are leading the Philippines bread and bakery products market share owing to the increasing disposable income and changing lifestyles.
By claim, the market is segmented into Gluten-Free and Organic. Gluten free segment caters to consumers with gluten intolerance and the demand for gluten-free bread and bakery products has been increasing due to the rising awareness of health concerns. On the other hand, consumers are willing to pay more for products that are made from organic ingredients without the use of harmful chemicals.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Bread and Bakery Products Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Bread and Bakery Products Market Revenues & Volume, 2022 & 2029F |
3.3 Philippines Bread and Bakery Products Market - Industry Life Cycle |
3.4 Philippines Bread and Bakery Products Market - Porter's Five Forces |
3.5 Philippines Bread and Bakery Products Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.6 Philippines Bread and Bakery Products Market Revenues & Volume Share, By Claim, 2022 & 2029F |
3.7 Philippines Bread and Bakery Products Market Revenues & Volume Share, By Form , 2022 & 2029F |
4 Philippines Bread and Bakery Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Bread and Bakery Products Market Trends |
6 Philippines Bread and Bakery Products Market, By Types |
6.1 Philippines Bread and Bakery Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Bread and Bakery Products Market Revenues & Volume, By Type, 2019 - 2029F |
6.1.3 Philippines Bread and Bakery Products Market Revenues & Volume, By Cake, 2019 - 2029F |
6.1.4 Philippines Bread and Bakery Products Market Revenues & Volume, By Pastries, 2019 - 2029F |
6.1.5 Philippines Bread and Bakery Products Market Revenues & Volume, By Breads, 2019 - 2029F |
6.1.6 Philippines Bread and Bakery Products Market Revenues & Volume, By Pastries, 2019 - 2029F |
6.1.7 Philippines Bread and Bakery Products Market Revenues & Volume, By Others, 2019 - 2029F |
6.2 Philippines Bread and Bakery Products Market, By Claim |
6.2.1 Overview and Analysis |
6.2.2 Philippines Bread and Bakery Products Market Revenues & Volume, By Gluten-Free , 2019 - 2029F |
6.2.3 Philippines Bread and Bakery Products Market Revenues & Volume, By Organic, 2019 - 2029F |
6.3 Philippines Bread and Bakery Products Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Philippines Bread and Bakery Products Market Revenues & Volume, By Fresh, 2019 - 2029F |
6.3.3 Philippines Bread and Bakery Products Market Revenues & Volume, By Frozen, 2019 - 2029F |
6.3.4 Philippines Bread and Bakery Products Market Revenues & Volume, By Others, 2019 - 2029F |
7 Philippines Bread and Bakery Products Market Import-Export Trade Statistics |
7.1 Philippines Bread and Bakery Products Market Export to Major Countries |
7.2 Philippines Bread and Bakery Products Market Imports from Major Countries |
8 Philippines Bread and Bakery Products Market Key Performance Indicators |
9 Philippines Bread and Bakery Products Market - Opportunity Assessment |
9.1 Philippines Bread and Bakery Products Market Opportunity Assessment, By Type, 2022 & 2029F |
9.2 Philippines Bread and Bakery Products Market Opportunity Assessment, By Claim, 2022 & 2029F |
9.3 Philippines Bread and Bakery Products Market Opportunity Assessment, By Form , 2022 & 2029F |
10 Philippines Bread and Bakery Products Market - Competitive Landscape |
10.1 Philippines Bread and Bakery Products Market Revenue Share, By Companies, 2022 |
10.2 Philippines Bread and Bakery Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |