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Food and beverage production
The main objective of the Food & Beverage industry is to provide safe, high-quality and affordable nutrition to consumers worldwide. It plays an essential role in the global food chain by transforming raw agricultural commodities into end products that meet the needs of increasingly sophisticated consumers. The industry is a key contributor to society’s goals of ensuring food security and public health. It is also one of the biggest innovators, a stable source of employment and incomes, and a major driver of socio-economic development.
The Food & Beverage industry involves the processing and transformation of agricultural and livestock goods into products for intermediate or final consumption. The manufacture of meat and dairy products, flour and milling by-products, oils, sugar, chocolate, frozen food, animal feed, and alcoholic and non-alcoholic beverages, as well as tobacco products, are all part of this industry. The industry’s products are usually sold to wholesalers and retailers for distribution to consumers.
The Philippine manufacturing sector contributed approximately 23% of the country’s GDP as of Q3 2019 – and grew by 2.3% y/y in the first three quarters of 2019. The Philippines’ rapidly growing food and beverage ...
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The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...
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The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, while the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector ...
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The food and beverage sector of the Philippines accounted for 10% of GDP and for 50.1% of the nominal value added of manufacturing in 2015. Although the country is a large producer of coconut products and tropical fruits, the foreign trade gap in ...
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