Product Code: ETC8844625 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The liquor confectionery market in the Philippines is witnessing growth due to increasing consumer interest in premium and indulgent confectionery products. The market is influenced by rising disposable incomes, urbanization, and the expanding retail sector. Alcohol-infused chocolates and candies are popular among adults, especially during festive seasons and gifting occasions. Regulatory restrictions on alcohol content in food products and health-conscious consumer preferences may pose challenges to market growth.
The growing consumer preference for premium and indulgent confectionery products drives the liquor confectionery market in the Philippines. The increasing disposable income and changing lifestyle trends have led to higher consumption of specialty chocolates and candies infused with liquor. The rise of gifting culture, particularly during festive seasons and special occasions, further supports market growth. Additionally, the expansion of retail channels, including online platforms and specialty stores, enhances product accessibility and boosts sales.
The liquor confectionery market faces challenges related to regulatory restrictions on the sale and distribution of alcoholic products, particularly in certain regions or during specific periods. Additionally, there is the challenge of consumer acceptance, as many individuals may not be familiar with or may not embrace the concept of combining liquor with confectionery. The high production cost, due to the complex manufacturing processes and the quality of ingredients used, can also limit the profitability of liquor confectionery. Furthermore, changing consumer preferences and trends toward healthier or non-alcoholic alternatives present a competitive challenge to the market.
The increasing demand for premium and novelty confectionery products presents investment opportunities in liquor-infused chocolates and sweets. Setting up production facilities targeting high-end retail and export markets can be lucrative. Collaborations with liquor brands for co-branded confectionery products can enhance brand value and expand market reach.
The government imposes excise taxes on liquor-containing food products, affecting pricing and demand. The Food and Drug Administration (FDA) regulates alcohol-infused confectionery to ensure compliance with food safety standards. Restrictions on advertising and marketing of alcoholic products, including liquor confectionery, influence consumer accessibility. Import tariffs and trade regulations impact the supply chain for liquor-based ingredients used in confectionery production.
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 Liquor Confectionery Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Liquor Confectionery Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Liquor Confectionery Market - Industry Life Cycle |
3.4 Philippines Liquor Confectionery Market - Porter's Five Forces |
3.5 Philippines Liquor Confectionery Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Liquor Confectionery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Liquor Confectionery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Liquor Confectionery Market Trends |
6 Philippines Liquor Confectionery Market, By Types |
6.1 Philippines Liquor Confectionery Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Liquor Confectionery Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Liquor Confectionery Market Revenues & Volume, By Chocolates, 2021- 2031F |
6.1.4 Philippines Liquor Confectionery Market Revenues & Volume, By Candies & Gums, 2021- 2031F |
6.2 Philippines Liquor Confectionery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Liquor Confectionery Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021- 2031F |
6.2.3 Philippines Liquor Confectionery Market Revenues & Volume, By Specialty Stores, 2021- 2031F |
6.2.4 Philippines Liquor Confectionery Market Revenues & Volume, By Online Stores, 2021- 2031F |
6.2.5 Philippines Liquor Confectionery Market Revenues & Volume, By Other Distribution Channels, 2021- 2031F |
7 Philippines Liquor Confectionery Market Import-Export Trade Statistics |
7.1 Philippines Liquor Confectionery Market Export to Major Countries |
7.2 Philippines Liquor Confectionery Market Imports from Major Countries |
8 Philippines Liquor Confectionery Market Key Performance Indicators |
9 Philippines Liquor Confectionery Market - Opportunity Assessment |
9.1 Philippines Liquor Confectionery Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Liquor Confectionery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Liquor Confectionery Market - Competitive Landscape |
10.1 Philippines Liquor Confectionery Market Revenue Share, By Companies, 2024 |
10.2 Philippines Liquor Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |