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Report Published: "Market Focus: Trends and Developments in the Savory Snacks Sector in the Philippines"

New Food research report from Canadean is now available from Fast Market Research

 
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Boston, MA -- (SBWIRE) -- 06/24/2014 -- Summary
This report brings together consumer insight and market data to provide a comprehensive brief of the Philippines' Savory Snacks sector. This allows for the rapid identification of key growth opportunities across major Savory Snacks categories and their packaging.

Key Findings

- The Savory Snacks market in the Philippines is forecast to register moderate growth during 2013-2018, providing opportunities for manufacturers to innovate and introduce new products in the market.

- Meat Snacks is the fastest-growing category although the overall market is driven by the Processed Snacks and Nuts and Seeds categories.

- Increasing income levels, urbanization, and busy lives of Filipino consumers have led to the growth of Savory Snacks.

- Hypermarkets and Supermarkets continue to be the preferred distribution channel for Savory products, followed by Convenience Stores.

- Traditional Snacks and Snacks with innovative ingredients and flavors will drive the demand for Savory Snacks in the Philippines.

View Full Report Details and Table of Contents

The growing economy and a large young population in the Philippines provide significant growth opportunities to manufacturers of Savory Snacks. While increasing urbanization and the rising disposable income of the middle class is driving growth of the Savory Snacks sector in the urban centres in the country, low penetration in the rural areas is holding down the overall growth rate. Processed Snacks is the leading category by value, followed by Nuts and Seeds. In the consumer demand side, Quality and Fun and Enjoyment are the leading motivational factors influencing Savory Snacks consumption.

Reasons to Get This Report

Companies Mentioned in this Report: SM Supermarket, The Robinsons Retail Group, Rustan Supercenters, Inc., Metro, Intersnack Group, Universal Robina, Oishi Group, Food Industries Inc., GFI Enterprises, Pik-Nik Foods, USA, American Pop Corn, Kettle Foods, Inc., Trimec Trading Corp, Profood International, EC Sebuala, Galinco, Lotte Co., Ltd, Delfi Foods Inc.

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