Philippines Food and Beverage Sector Report 2023-2024

The food & beverage sector plays an important role in the Philippines' economy, accounting for 9.7% of GDP in 2022. The Philippines occupies leading positions in the global production of rice, pork, poultry meat, coconuts and bananas with mixed performances in 2022. It is worth noting that the food & beverage industry in the Philippines presents low levels of international competitiveness as food & beverage exports represented 5.3% of the country's total exports in 2022, while imports had a share of 6.9% over total imports (according to data from the International Trade Centre). Moreover, the sector presented trade deficits in five segments in 2022: 1) sugar, 2) cocoa and cocoa preparations, 3) cereal preparations, 4) beverages, and 5) food residues and animal fodder. The Philippines' food & beverage industry must enhance its productivity not only to reduce its dependence on imported products, but also to improve its export performance.

This report provides a complete and detailed analysis of the "Food and beverage production" sector for Philippines. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Food and beverage production" sector in Philippines
• Crystallise the forces both driving and restraining this sector in Philippines
• Ascertain Philippines’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Philippines.
• Build a clear picture of trends, output and consumption for specific sub-sectors