Product Code: ETC019249 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Pastries and cakes are some of the most popular sweet treats in the Philippines. The country has a long history of baking, stretching back to Spanish colonial times when Filipino bakers adopted European recipes to make traditional local desserts like ensaymada, polvor?n, and maja blanca. Since then, the popularity of pastries and cakes has grown significantly. The Philippine market for pastries and cakes market is expected to grow at a CAGR of 5.9% from 2025-2031.
The trend towards healthier options such as wheat-free or sugar-free variants is gaining ground among many consumers who are more health conscious now than ever before. Additionally, more businesses are investing heavily in digital marketing channels including social media platforms that enable them to reach out directly with their target audience. Furthermore, new product launches featuring unique flavors have become increasingly popular with consumers as they look for creative ways to enjoy their favorite sweets without having to travel outside their home country`s borders
One key driver driving growth in this sector is an increasing number of people becoming aware about health benefits associated with consuming natural bakery products which are free from preservatives or additives compared with conventional ones which contain artificial ingredients; this leads them buying natural bakery products instead . Additionally, consumer preference for convenience foods due to hectic lifestyle also helps boosts demand for these products across all age groups; thus further fueling growth of pastries & cakes market over foreseeable future . Finally , increase inflow foreign investments coupled with rising disposable income among individuals will contribute towards industry expansion during forecast years
Despite strong potential opportunities available within this sector, there still remain certain challenges faced by manufacturers : high cost involved during production process ; fluctuating raw material prices ; stringent government regulations regarding food safety standards alongwith competition posed by smaller players operating regionally might hamper overall industry outlook going forward . Moreover , Covid 19 pandemic had majorly impacted foodservice channel leading many enterprises switching focus on retail space contributing towards sales surge within retail segment but decline witnessed within hospitality space; however , once restrictions ease off near future it???ll help regain momentum lost recently due outbreak related issues .
Major players involved in Philippine pastry & cake market includes CDO Foodsphere Inc., Purefoods Corporation Ltd
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 Pastries and Cakes Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Pastries and Cakes Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Pastries and Cakes Market - Industry Life Cycle |
3.4 Philippines Pastries and Cakes Market - Porter's Five Forces |
3.5 Philippines Pastries and Cakes Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Philippines Pastries and Cakes Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.7 Philippines Pastries and Cakes Market Revenues & Volume Share, By Sector, 2021 & 2031F |
3.8 Philippines Pastries and Cakes Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Pastries and Cakes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Pastries and Cakes Market Trends |
6 Philippines Pastries and Cakes Market, By Types |
6.1 Philippines Pastries and Cakes Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Philippines Pastries and Cakes Market Revenues & Volume, By Products, 2021-2031F |
6.1.3 Philippines Pastries and Cakes Market Revenues & Volume, By Artisanal and in-store bakeries, 2021-2031F |
6.1.4 Philippines Pastries and Cakes Market Revenues & Volume, By Packaged/industrial products, 2021-2031F |
6.2 Philippines Pastries and Cakes Market, By Types |
6.2.1 Overview and Analysis |
6.2.2 Philippines Pastries and Cakes Market Revenues & Volume, By Cakes, 2021-2031F |
6.2.3 Philippines Pastries and Cakes Market Revenues & Volume, By Frozen Cakes & Pastries, 2021-2031F |
6.2.4 Philippines Pastries and Cakes Market Revenues & Volume, By Pastries, 2021-2031F |
6.2.5 Philippines Pastries and Cakes Market Revenues & Volume, By Sweet Pies, 2021-2031F |
6.3 Philippines Pastries and Cakes Market, By Sector |
6.3.1 Overview and Analysis |
6.3.2 Philippines Pastries and Cakes Market Revenues & Volume, By Food Service, 2021-2031F |
6.3.3 Philippines Pastries and Cakes Market Revenues & Volume, By Retail, 2021-2031F |
6.4 Philippines Pastries and Cakes Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Pastries and Cakes Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.4.3 Philippines Pastries and Cakes Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.4.4 Philippines Pastries and Cakes Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.4.5 Philippines Pastries and Cakes Market Revenues & Volume, By Artisanal Bakeries, 2021-2031F |
6.4.6 Philippines Pastries and Cakes Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.4.7 Philippines Pastries and Cakes Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Pastries and Cakes Market Import-Export Trade Statistics |
7.1 Philippines Pastries and Cakes Market Export to Major Countries |
7.2 Philippines Pastries and Cakes Market Imports from Major Countries |
8 Philippines Pastries and Cakes Market Key Performance Indicators |
9 Philippines Pastries and Cakes Market - Opportunity Assessment |
9.1 Philippines Pastries and Cakes Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Philippines Pastries and Cakes Market Opportunity Assessment, By Types, 2021 & 2031F |
9.3 Philippines Pastries and Cakes Market Opportunity Assessment, By Sector, 2021 & 2031F |
9.4 Philippines Pastries and Cakes Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Pastries and Cakes Market - Competitive Landscape |
10.1 Philippines Pastries and Cakes Market Revenue Share, By Companies, 2024 |
10.2 Philippines Pastries and Cakes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |