Market Forecast By Product (Savoury Biscuits, Sweet Biscuits), By Applications (Supermarkets and Hypermarkets, Specialist Stores, Independent Retailers, Convenience Stores, Online Retailers) And Competitive Landscape
Product Code: ETC216809 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Philippines Cookies and Crackers Market |
Forecast Period | 2025-2031 |
CAGR | 6.9% |
Growing Sector | Food |
Philippines Cookies and Crackers Market report thoroughly covers the market by product and by applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines cookies and crackers market has been experiencing tremendous growth in recent years. Numerous factors have contributed to this trend, including expanding urbanization, changing consumer lifestyles, and increasing demand for convenience foods.
Numerous factors have contributed to this trend, including expanding urbanization, changing consumer lifestyles, and increasing demand for convenience foods. Additionally, the availability of a wide variety of flavors as well as product varieties has also played a key role in driving the market forward.
According to 6Wresearch, Philippines Cookies and Crackers Market size is projected to expand at a CAGR of 6.9% during 2025-2031. One of the main drivers behind the Philippines cookies and crackers market growth is the increasing population in urban areas. With more people living in cities, there is a higher demand for convenient and ready-to-eat snacks that can be consumed on the go. This has led to a rise in sales of cookies and crackers as they are easy to carry and consume, making them a popular snack choice for busy urban dwellers. Another major factor driving the market is the changing lifestyles of consumers in the Philippines. The growing number of working individuals and dual-income households has led to a shift towards convenience and time-saving products.
One key challenge faced by the market is the competition from other snacks like chips and chocolates. These alternatives offer a wider variety of flavors and are often marketed aggressively. To stay relevant in the industry, cookie and cracker manufacturers must constantly innovate in order to introduce new flavors and varieties that appeal to consumers. Another challenge is the growing cost of ingredients. As most of the raw materials used to make cookies and crackers are imported, any fluctuations in currency exchange rates can greatly affect production costs.
One trend that has emerged in the industry is the shift towards healthier options. With an expanding awareness of health and wellness among consumers, there is a rising demand for cookies and crackers made with natural and organic ingredients, and those that are low in sugar, fat, and calories.
Another trend is the demand for more diverse flavors. While traditional flavors such as chocolate and vanilla remain popular, manufacturers are now presenting unique and unconventional flavors such as matcha, ube (purple yam), and calamansi (citrus fruit), catering to the adventurous palates of consumers. Additionally, there has been a growth in the popularity of homemade cookies and crackers. With the increasing availability of baking supplies and recipes online, many Filipinos have taken up baking as a hobby or even turned it into a small business.
One of the key factors stimulating the growth of the cookies and crackers market in the Philippines is the nation’s large and constantly expanding population. The Philippine Statistics Authority predicts that the country's population will grow more in the future, making it one of the largest consumer markets in Southeast Asia. With a rising middle class and rising disposable incomes, there is a significant demand for convenient and affordable snack options, which include cookies and crackers.
Moreover, with changing lifestyles and a shift towards on-the-go snacking, there is a rising trend of consumers seeking out healthier snack alternatives. This has led to the emergence of locally produced, all-natural cookies and crackers made from ingredients like quinoa, chia seeds and coconut sugar. These options cater to health-conscious consumers and provide a unique selling point for investors looking to invest in this market.
One of the key players in this industry is Monde Nissin Corporation, a Filipino food company that produces popular brands like SkyFlakes, Fita, and Lucky Me! biscuits. The company has been in operation for over 30 years and has established itself as a household name in the country. Another major player in the market is Universal Robina Corporation (URC), which offers a wide range of snacks including biscuits, crackers, wafers, and cookies under its flagship brand Jack 'n Jill. URC has a strong distribution network and is constantly investing in research and development to come up with innovative products. Another notable player in the market is Rebisco, a homegrown Filipino company that has been in operation for over 55 years. The company produces popular brands such as Choco Mucho, Hansel, and Cream-O cookies, which are well-loved by consumers across all age groups. Rebisco also exports its products to other countries, making it a significant player in the international market as well. These companies have a major contribution in Philippines cookies and crackers market share.
The Philippines government has taken numerous initiatives in order to promote the local cookies and crackers industry. The Department of Trade and Industry (DTI) has presented various programs to support the growth of micro, small, and medium enterprises (MSMEs) in the country. One such program is the Shared Service Facilities (SSF) project, which provides MSMEs with access to common service facilities such as equipment and technology. This aids smaller players in the cookies and crackers market to improve their production processes and increase their competitiveness.
In addition, the DTI has also launched the Kapatid Mentor ME Program, which aims to provide mentorship and training for MSMEs. Through this program, local producers in the cookies and crackers market can learn about industry best practices, business strategies, and marketing techniques to help them expand their businesses.
One of the key trends stimulating growth in this market is the rise of health-conscious consumers who are looking for healthier snack alternatives. This has led to a growth in demand for natural and organic cookies and crackers that are free from preservatives, artificial flavors, and other additives. In addition, there has been a growing trend towards international flavors and varieties in the Philippine cookies and crackers market. As consumers become more exposed to different cultures through travel and social media, they are also becoming more adventurous with their food choices. This has led to an increase in demand for exotic flavors such as matcha, black sesame, and Korean barbecue.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The savoury biscuits segment is experiencing significant growth in the Philippines cookies and crackers industry. This can be owing to the increasing demand for healthier snack options among consumers. Savoury biscuits, also known as salted crackers or savory cookies, are baked snacks with a crispy texture and savory flavor.
According to Dhaval, Research Manager, 6Wresearch, among these segments, the one that is currently experiencing significant growth is the supermarket and hypermarket sector. They provide a convenient one-stop shopping experience for consumers who can find all their grocery needs under one roof. This has led to an increase in the demand for cookies and crackers within these stores.
The market report has been segmented and sub-segmented into the following categories:
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 Cookies and Crackers Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cookies and Crackers Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cookies and Crackers Market - Industry Life Cycle |
3.4 Philippines Cookies and Crackers Market - Porter's Five Forces |
3.5 Philippines Cookies and Crackers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Cookies and Crackers Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Cookies and Crackers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Cookies and Crackers Market Trends |
6 Philippines Cookies and Crackers Market, By Types |
6.1 Philippines Cookies and Crackers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cookies and Crackers Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Cookies and Crackers Market Revenues & Volume, By Savoury Biscuits, 2021-2031F |
6.1.4 Philippines Cookies and Crackers Market Revenues & Volume, By Sweet Biscuits, 2021-2031F |
6.2 Philippines Cookies and Crackers Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Cookies and Crackers Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.2.3 Philippines Cookies and Crackers Market Revenues & Volume, By Specialist Stores, 2021-2031F |
6.2.4 Philippines Cookies and Crackers Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.5 Philippines Cookies and Crackers Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.6 Philippines Cookies and Crackers Market Revenues & Volume, By Online Retailers, 2021-2031F |
7 Philippines Cookies and Crackers Market Import-Export Trade Statistics |
7.1 Philippines Cookies and Crackers Market Export to Major Countries |
7.2 Philippines Cookies and Crackers Market Imports from Major Countries |
8 Philippines Cookies and Crackers Market Key Performance Indicators |
9 Philippines Cookies and Crackers Market - Opportunity Assessment |
9.1 Philippines Cookies and Crackers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Cookies and Crackers Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Cookies and Crackers Market - Competitive Landscape |
10.1 Philippines Cookies and Crackers Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cookies and Crackers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |