What is the size of food industry in the Philippines?

Every generation needs a revolution - an entrepreneurial revolution

It is a huge market but competition is brutal.  There is possibility of waste and spoilage.  Since there is no barrier to entry, every body can enter into the market and be a competitor.   Supply chain infrastructure can wreck havoc on the business as well as Acts of Nature like floods, typhoon earthquake, kotong policeman and the like.

I have seen presentation where a a multinational packaged food company sells $1billion worth or P50 billion a year   That was a decade ago;   maybe they are selling twice as much $2 billion worth.

A fastfood company sells about P200 billion worth annually. 

Would you like to be in this market?  

From PSA

From PSA

What is the revenue of the food industry in the Philippines?

Restaurants and mobile food service activities industry group contributed the largest share to the total revenue and total expense. The total revenue generated by the section amounted to PhP 556.62 billion in 2021, recording an increase of 4.1 percent from the PhP 534.53 billion total revenue in 2020.Oct 3, 2023