Sugar confectionery is expected to see a slow recovery over the forecast period. While the category is set to see current value sales reach pre-pandemic levels by 2024, it is not expected to fully recover in volume terms until the final year of the forecast period.
Power mints is expected to be a laggard in retail over the forecast period, registering a negative CAGR in both volume and value terms. The category’s poor performance will be mainly due to the limited brand options available.
Price sensitivity is likely to be heightened in the early part of the forecast period given the high unemployment rate in the country and high rates of inflation. In this context, many consumers will simply forego discretionary purchases such as sugar confectionery.
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Understand the latest market trends and future growth opportunities for the Sugar Confectionery industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Sugar Confectionery
This is the aggregation of mints, boiled sweets, pastilles, gums, jellies and chews, toffees, caramels, nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.
See All of Our DefinitionsThis report originates from Passport, our Sugar Confectionery research and analysis database.
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