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Italy’s food processing industry consists of more than 55,000 enterprises that contributed $156.5 billion to the country’s gross domestic product in 2023.

The Philippine excise tax for alcohol products increased by six percent on January 1, 2025, and will continue to increase at a fixed rate of six percent annually, as stipulated in the law, which does not include a sunset provision.

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.

This report provides an overview of Italy’s retail food market, outlines market trends, and identifies opportunities for product growth.

With the Philippines as one of the fastest-growing economies in Southeast Asia, Post sees the retail sector growing five percent as modern retail stores continue to expand.

On August 20, 2024, the Philippines notified the World Trade Organization (WTO) of GBT/TBT/N/PHL/336 on the Guidelines on the Adoption of Codex Guidelines for Ready-To-Use Therapeutic Foods (RUTF) (CXC 95-2022) as Technical Regulation.

The Philippines recently notified regulations on follow-up formula or milk supplements and products for young children to the World Trade Organization.

Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Fueled by a strong snacking culture, the Philippines' $2.6 billion snack food market presents a prime opportunity for U.S. exporters. While imports currently occupy only 15 percent of shelf space, U.S. products account for more than 20 percent of that share.

The Italian food-processing industry continues to be highly fragmented, characterized by growing consolidation of smaller companies. In 2023, U.S. agricultural exports to Italy were $1.8 billion, while U.S. imports from Italy were $7.4 billion. Italy...

As the Philippines’ economic growth outpaces its neighboring countries, the market presents stronger opportunities this year for U.S. food and beverage ingredients, including wheat, dairy products, poultry, pork, beef, starch products, processed and dried fruits, food preparations, and soy.