Trends In Food And Beverage Industry Philippines
The food service industry is seen to expand in tandem with the growing population and rising incomes.
Trends in food and beverage industry philippines. In 2009 gross value added in food manufactures and beverage industries reached p903 7 billion at current prices contributing 58 percent of total manufacturing output and 12 percent of the country s gross domestic product gdp. Revenue is expected to show an annual growth rate cagr 2020 2024 of 19 5 resulting in a projected. In real terms the sector contributed nearly half of total manufacturing output and 11 percent of gdp. Philippines foodservice market is highly fragmented owing to the number of small and giant players dominating the market.
Reports special revenue in the food beverages segment is projected to reach us 203m in 2020. There are 4 875 newborn filipinos added every day. Together the list of 10 food trends based on consumer preferences data their own product sourcing experiences and what s been popular at food and wellness industry.
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