What are the major food processing companies in the Philippines?

In 2020, the leading food and beverage processing company in the Philippines with the highest revenue was Nestlé Philippines, Inc. The company made around 2.83 billion U.S. dollars in revenue. Other leading companies include San Miguel Brewery and Universal Robina Corporation.

Which is the food processing industry an important sector of Philippine economy?

Food manufacturing, which includes food and beverage processing, remains the Philippines most dominant primary industry. The industry is worth a gross added value of more than $2 billion and grew by 3.2 per cent in 2007.

Why is the food processing industry is important sector of the Philippine economy?

Food accounts for nearly half of the total output of the country’s manufacturing sector. With an average annual growth rate of 8-10%, the food manufacturing industry has been identified by the Philippine government as a priority sector for attracting foreign investment under special economic zones.

Why is the food processing industry an important sector of the Philippine economy?

What is the contribution of food industry in the Philippines?

The agri-food sector in the Philippines made a contribution to domestic GDP worth USD 127 billion in 2019, 30% of the country’s total GDP (valued in 2020 prices). This economic footprint was responsible for employing a total of 18.0 million people, 43% of the national total.

What can you say about the food service industry of the Philippines?

The Philippines has a lucrative foodservice industry where dining at restaurants is considered as a family-bonding activity or a time for celebration. However, the once vibrant sector suffered immensely due to the outbreak of the COVID-19 pandemic.

Why food business is in demand in the Philippines?

The foodservice market in the Philippines is highly driven by the rise in value-conscious consumers willing to try new restaurants with a wide range of menu options, including interesting international and local cuisines, which also cater to increasingly busy lifestyles.