Philippines: Retail Foods

The easing of pandemic mobility restrictions and the recent national elections boosted food and beverage retail sales. Though the sector failed to sustain growth last year, key retail companies remain confident about growing the market in 2022. Post estimates the retail food sector will achieve six percent growth this year. Despite shipping challenges, the United States remains the largest exporter of food and beverages. Post forecasts U.S. food and beverage exports to grow eight percent in 2022 with strong opportunities for milk, cheese, meat, poultry, baked products, fruits, vegetables, wine, and pet food.