Philippines Chocolate Market Overview: 2025-2030

Base Year: 2024

Historical Years:  2020-23

Forecast Years: 2025-2030

The Philippines Chocolate Market size was valued at around USD 419.11 million in 2024 and is projected to reach USD 707.52 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.88% during the forecast period, i.e., 2025-30. 

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report – https://www.marknteladvisors.com/query/request-sample/philippines-chocolate-market.html

Philippines Chocolate Market Dynamics: 2025-2030

Philippines Chocolate Market Driver:

Increasing Demand for Premium & Artisanal Chocolates – Here market growth is driven by changing consumer preference towards artisan and premium chocolates due to their intense flavors, unique textures, and healthier ingredients. Artisanal chocolates are famous as they are made from locally sourced cacao. In 2022, with the production of 8770 metric tons of cacao, the Philippines became the world's 24th largest producer of cacao. There are several initiatives launched to support cacao farmers to reach the target of 100000 metric tons by 2025 by the Department of Agriculture. This shall open the door for locally operating businesses to go bean-to-bar and source single-origin chocolates. The demand for premium chocolates is further supported by the consumer preference for chocolate as a preferred gift during fiestas. Most Filipino consumer representatives preferred premium chocolates over mass-produced alternatives, thus signifying the importance of indulgence and sophistication in chocolatiers' presentation. Such a shift offers growth prospects for both local and international brands.

Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/philippines-chocolate-market.html

Philippines Chocolate Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Product Type

-Dark Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Milk Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-White Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

Milk chocolate is the dominating segment in the Philippines Chocolate Market, accounting for approximately half of the market share (50%) due to its widespread popularity among all demographics.

By Form

-Chocolate Bars - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Liquid Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Truffles Chocolate - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

By Distribution Channel

-Offline - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Retail - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Hypermarket/Supermarket - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Convenience Stores - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Online - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

By Category

-Conventional - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Organic - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Lactose-Free - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Gluten-Free - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Zero Sugar- Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Others - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

By Region

-Luzon - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Visayas - Market Size & Forecast 2020-2030, USD Million & Thousand Tons

-Mindanao - Market Size & Forecast 2020-2030, USD Million & Thousand Tons.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Philippines Chocolate Market:

Nestlé, Hershey's, Cadbury Adams, Mars, Ginto, Mondelez International Inc., JG Summit Holdings Inc., Comfoods, Delfi, Twin Oaks Foods Corporation, Mayora Philippines, and others.

Industry Recent Development:

• August 2024: Mars, known for brands like Snickers and M&Ms, agreed to acquire Kellanova, the maker of Pringles and Cheez-Its, for USD 36 billion. This strategic move is expected to enhance Mars' snacking business and expand its product portfolio.
• 2024: The Department of Agriculture has launched programs to support cacao farmers, aiming to increase annual production to 100,000 metric tons by 2025.

Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Contact Us –

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India