Sweet spreads is expected to see healthy growth over the forecast period, which will be stronger in foodservice than retail in volume terms. That said, the continued popularity of home-cooking among consumers with busy lifestyles, will lead to demand for convenient products which can simply enhance the flavour of dishes.
In line with prevailing health and wellbeing trends, we are also seeing the rise of plant-based products. Similar to how there is an increase in demand for plant-based milk, there is an increased presence of plant-based spreads which appeal to consumers who follow vegan diets and/or those with lactose intolerance (with regards to milk content).
As seen in sauces, dips, and condiments, we expect a wider range of pack sizes in sweet spreads. In the inflationary context, with many consumers trading down and foregoing non-essential products, this means price-sensitive consumers are still able to purchase smaller and cheaper versions of their favourite sweet spreads, without having to invest in the full-size formats.
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Understand the latest market trends and future growth opportunities for the Sweet Spreads 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sweet Spreads 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.
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See All of Our DefinitionsThis report originates from Passport, our Sweet Spreads research and analysis database.
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