As a result of inflation applying a downwards pressure on consumer purchasing power and increasing the costs of essential raw materials such as sugar, cafés/bars as a whole may find it difficult to sustain double-digit growth rates over the forecast period, both in terms of volumes of transactions and current value sales. However, specialist coffee and tea shops is on track for a faster recovery, offering local consumers affordable foodservice options that can be enjoyed throughout the day.
Weakened consumer confidence in the coming years will also drive cheaper alternatives to cafés/bars, such as brewing coffee at home. As a result, specialist coffee and tea shops players will likely continue utilising e-commerce websites such as Lazada and Shopee to offer not just ready-to-drink products, but also coffee beans, mugs and coffee machines.
Starbucks will continue to lead cafés/bars over the forecast period. This will be facilitated by the fact that Starbucks is well-established in the Philippines and has spearheaded contactless options for local consumers, which addresses lingering post-pandemic fears about contagion.
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Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.See All of Our Definitions
This report originates from Passport, our Cafés/Bars research and analysis database.
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