| Product Code: ETC8839810 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines` import shipments of drinking chocolate in 2024 saw a significant shift in concentration, moving from high to low HHI with a remarkable growth rate of 274.32% from 2023. Top exporting countries such as Malaysia, Turkey, China, USA, and Australia played a key role in this market development. With a notable CAGR of 38.59% from 2020 to 2024, the drinking chocolate market in the Philippines is experiencing rapid expansion and diversification, highlighting a promising outlook for the industry.

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 Drinking Chocolate Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Drinking Chocolate Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Drinking Chocolate Market - Industry Life Cycle |
3.4 Philippines Drinking Chocolate Market - Porter's Five Forces |
3.5 Philippines Drinking Chocolate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Drinking Chocolate Market Revenues & Volume Share, By Cocoa content, 2021 & 2031F |
3.7 Philippines Drinking Chocolate Market Revenues & Volume Share, By Distribution channel, 2021 & 2031F |
3.8 Philippines Drinking Chocolate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Philippines Drinking Chocolate Market Revenues & Volume Share, By Flavour, 2021 & 2031F |
3.10 Philippines Drinking Chocolate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.11 Philippines Drinking Chocolate Market Revenues & Volume Share, By Target customers, 2021 & 2031F |
4 Philippines Drinking Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in the Philippines, leading to higher spending on premium drinking chocolate products. |
4.2.2 Growing awareness about the health benefits of consuming dark chocolate, driving demand for drinking chocolate as a healthier alternative. |
4.2.3 Rising trend of premiumization in the food and beverage industry, leading to a shift towards high-quality and gourmet drinking chocolate products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as cocoa beans impacting the production cost of drinking chocolate. |
4.3.2 Intense competition from other hot beverage options like coffee and tea, posing a challenge to market penetration for drinking chocolate. |
4.3.3 Lack of consumer awareness and education about the different varieties and flavors of drinking chocolate available in the market. |
5 Philippines Drinking Chocolate Market Trends |
6 Philippines Drinking Chocolate Market, By Types |
6.1 Philippines Drinking Chocolate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Drinking Chocolate Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Drinking Chocolate Market Revenues & Volume, By Dark chocolate, 2021- 2031F |
6.1.4 Philippines Drinking Chocolate Market Revenues & Volume, By Milk chocolate, 2021- 2031F |
6.1.5 Philippines Drinking Chocolate Market Revenues & Volume, By White, 2021- 2031F |
6.2 Philippines Drinking Chocolate Market, By Cocoa content |
6.2.1 Overview and Analysis |
6.2.2 Philippines Drinking Chocolate Market Revenues & Volume, By 60-90%, 2021- 2031F |
6.2.3 Philippines Drinking Chocolate Market Revenues & Volume, By 40-60%, 2021- 2031F |
6.2.4 Philippines Drinking Chocolate Market Revenues & Volume, By 30-40%, 2021- 2031F |
6.2.5 Philippines Drinking Chocolate Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Drinking Chocolate Market, By Distribution channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Drinking Chocolate Market Revenues & Volume, By Hypermarkets/supermarkets, 2021- 2031F |
6.3.3 Philippines Drinking Chocolate Market Revenues & Volume, By Specialty store, 2021- 2031F |
6.3.4 Philippines Drinking Chocolate Market Revenues & Volume, By Convenience stores, 2021- 2031F |
6.3.5 Philippines Drinking Chocolate Market Revenues & Volume, By Online store, 2021- 2031F |
6.3.6 Philippines Drinking Chocolate Market Revenues & Volume, By Other, 2021- 2031F |
6.4 Philippines Drinking Chocolate Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Drinking Chocolate Market Revenues & Volume, By Chocolate Drinks, 2021- 2031F |
6.4.3 Philippines Drinking Chocolate Market Revenues & Volume, By Protein Shakes, 2021- 2031F |
6.4.4 Philippines Drinking Chocolate Market Revenues & Volume, By Energy Drinks, 2021- 2031F |
6.4.5 Philippines Drinking Chocolate Market Revenues & Volume, By Coffee Mixes, 2021- 2031F |
6.4.6 Philippines Drinking Chocolate Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Philippines Drinking Chocolate Market, By Flavour |
6.5.1 Overview and Analysis |
6.5.2 Philippines Drinking Chocolate Market Revenues & Volume, By Vanilla, 2021- 2031F |
6.5.3 Philippines Drinking Chocolate Market Revenues & Volume, By Caramel, 2021- 2031F |
6.5.4 Philippines Drinking Chocolate Market Revenues & Volume, By Honey, 2021- 2031F |
6.5.5 Philippines Drinking Chocolate Market Revenues & Volume, By Hazelnut, 2021- 2031F |
6.6 Philippines Drinking Chocolate Market, By Form |
6.6.1 Overview and Analysis |
6.6.2 Philippines Drinking Chocolate Market Revenues & Volume, By Powder, 2021- 2031F |
6.6.3 Philippines Drinking Chocolate Market Revenues & Volume, By Liquid, 2021- 2031F |
6.7 Philippines Drinking Chocolate Market, By Target customers |
6.7.1 Overview and Analysis |
6.7.2 Philippines Drinking Chocolate Market Revenues & Volume, By Adults, 2021- 2031F |
6.7.3 Philippines Drinking Chocolate Market Revenues & Volume, By Kids, 2021- 2031F |
6.8 Philippines Drinking Chocolate Market, By End users |
6.8.1 Overview and Analysis |
6.8.2 Philippines Drinking Chocolate Market Revenues & Volume, By Food Service Providers, 2021- 2031F |
6.8.3 Philippines Drinking Chocolate Market Revenues & Volume, By Household/Domestic, 2021- 2031F |
6.8.4 Philippines Drinking Chocolate Market Revenues & Volume, By Airlines, 2021- 2031F |
6.8.5 Philippines Drinking Chocolate Market Revenues & Volume, By Airlines, 2021- 2031F |
7 Philippines Drinking Chocolate Market Import-Export Trade Statistics |
7.1 Philippines Drinking Chocolate Market Export to Major Countries |
7.2 Philippines Drinking Chocolate Market Imports from Major Countries |
8 Philippines Drinking Chocolate Market Key Performance Indicators |
8.1 Percentage increase in the number of premium drinking chocolate brands available in the Philippines market. |
8.2 Growth in the number of health-conscious consumers opting for dark chocolate drinking products. |
8.3 Increase in the average spending per capita on drinking chocolate products in the Philippines. |
9 Philippines Drinking Chocolate Market - Opportunity Assessment |
9.1 Philippines Drinking Chocolate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Drinking Chocolate Market Opportunity Assessment, By Cocoa content, 2021 & 2031F |
9.3 Philippines Drinking Chocolate Market Opportunity Assessment, By Distribution channel, 2021 & 2031F |
9.4 Philippines Drinking Chocolate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Philippines Drinking Chocolate Market Opportunity Assessment, By Flavour, 2021 & 2031F |
9.6 Philippines Drinking Chocolate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.7 Philippines Drinking Chocolate Market Opportunity Assessment, By Target customers, 2021 & 2031F |
9.7 Philippines Drinking Chocolate Market Opportunity Assessment, By End users, 2021 & 2031F |
10 Philippines Drinking Chocolate Market - Competitive Landscape |
10.1 Philippines Drinking Chocolate Market Revenue Share, By Companies, 2024 |
10.2 Philippines Drinking Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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