Philippines: Food Processing Ingredients Annual

As inflation eases, Post forecasts food sales growth at five percent in 2025 driven by population growth and rising incomes. Food and beverage manufacturing is expanding, indicating solid growth in the sector, amid higher production costs, particularly for inputs. Manufacturers are developing new products to increase sales and rely on U.S. ingredients for quality and consistency. The United States remains the largest single-country exporter to the Philippines with 16 percent market share. The Philippine market presents strong opportunities for wheat, dairy products, poultry, pork, beef, starch products, fruits, vegetables, food preparations, and soybeans from the United States.