In 2023, the sales value of food and beverage retailers in the Philippines amounted to 35 billion U.S. dollars and was forecast to grow about a billion U.S. dollars more in the next year. The country's retail food industry has grown significantly in sales value yearly.
Food retail goods
Packaged foods were one of the most popular goods in Filipino consumers' shopping carts. This can be seen in the annual growth of the retail sales value of packaged foods in the country. Of these, processed meats and seafood, as well as dairy, savory snacks, edible oils, and rice, pasta, and noodles, comprised the top five leading types of packaged foods in terms of retail sales value.
The rise of online food delivery
The pandemic gave rise to online food delivery adaption in the Philippines, as reflected in the industry's revenue growth between 2019 and 2020. The segment is divided between grocery and meal delivery. A recent survey revealed that Food Panda and GrabFood were the leading food delivery apps in the Philippines.
Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024
(in billion U.S. dollars)
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USDA Foreign Agricultural Service. (October 3, 2024). Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/
USDA Foreign Agricultural Service. "Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024 (in billion U.S. dollars)." Chart. October 3, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/
USDA Foreign Agricultural Service. (2024). Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/
USDA Foreign Agricultural Service. "Sales Value of Food and Beverage Retailers in The Philippines from 2016 to 2023, with a Forecast for 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Oct 2024, https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/
USDA Foreign Agricultural Service, Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/ (last visited November 17, 2024)
Sales value of food and beverage retailers in the Philippines from 2016 to 2023, with a forecast for 2024 (in billion U.S. dollars) [Graph], USDA Foreign Agricultural Service, October 3, 2024. [Online]. Available: https://www.statista.com/statistics/714408/food-retail-sales-value-in-the-philippines/
