Philippines: Food Service - Hotel Restaurant Institutional
Link to report:
The Philippine food service sector will continue its steady growth over the next three to five years, propelled by consumers’ stronger purchasing power, a larger middle class, higher urbanization, and increasing dining options. FAS Manila projects food service sales will rise 8.6 percent in 2019 to nearly $15 billion, and reach a record $16.1 billion in 2020. Strong demand in the hotel, restaurant, and institutional (HRI) sector will provide greater opportunities for U.S. exports of food and beverage products to the Philippines.
