New Market Research Report: Baked Goods in the Philippines
The stronger performance of the Philippine economy helped to fuel the consumption of baked goods in 2013. It is expected that retail current value sales will jump by 6%, as Filipinos are starting to consume bread, pastries and cakes more frequently. This is especially noted amongst busy middle-income urban consumers, who prefer to have sandwiches instead of rice and other dishes in order to save time on food preparation. On the other hand, pastries and cakes benefited from the aggressive...
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