| Product Code: ETC411325 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Philippines continues to see a significant influx of tangerine preserves imports, with key exporters in 2024 being South Korea, Vietnam, USA, Australia, and Indonesia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 102.41% from 2020 to 2024 emphasizes the increasing demand for this product. The exceptional growth rate of 159.05% from 2023 to 2024 suggests a surge in popularity and consumption of tangerine preserves in the Philippines, highlighting a lucrative opportunity for market players.

In the Philippines, the tangerine preserves market has experienced a notable upswing due to its role in local delicacies and culinary applications. Tangerine preserves are cherished for their tangy and sweet flavors, making them a key ingredient in desserts, sauces, and various dishes. With the Philippines` abundant citrus production, the market for tangerine preserves is anticipated to thrive, driven by domestic consumption and potential export opportunities.
The Philippines tangerine preserves market has witnessed expansion due to the rising demand for unique and exotic flavors in both local and international cuisines. Consumers` increasing preference for artisanal and locally sourced products has contributed to the growth of this market.
The Philippines tangerine preserves market may face challenges associated with consumer awareness, flavor preferences, and competition. Tangerine preserves need to compete with a variety of other fruit preserves available in the market. Educating consumers about the unique flavor and benefits of tangerine preserves is essential. Maintaining the right balance of sweetness and tanginess, along with offering innovative flavors and packaging options, are challenges that producers might encounter.
The Philippines tangerine preserves market experienced pandemic-related disruptions. Supply chain interruptions and reduced workforce affected production and distribution. Closure of hotels and restaurants decreased demand from the hospitality sector. However, the market showed resilience as consumers turned to preserved foods during uncertainty. Home baking and cooking trends contributed to the demand for tangerine preserves as ingredients and flavorings. Online platforms played a pivotal role in connecting producers with consumers.
The major players in the Philippines tangerine preserves market are Cebu Pacific Food Products, Del Monte Foods Inc., Universal Robina Corporation, San Miguel Purefoods Company Inc., and Rizal Commercial Banking Corporation. These companies are involved in manufacturing, marketing, distribution and sales of various canned food products including tangerine preserves.