minerals , botanicals , carotenoids , cocoa liquor and powder , flavor enhancers , modified flour , PH / controlled salt , Polysaccharides & Oligosaccharides , raising agents and reducing agents collectively captured the remaining revenue share worth ~% in Philippines food ingredients market in the year 2016 . In 2016 , the average price for food coloring ( yellow / red / blue ) was observed to be USD ~ per kg approximately ; hence termed as affordable in the Philippines . The beverages segment dominated Philippines food colors market with volume share worth ~% of total sales volume in the year 2016 whereas ; the packaged foods segment captured the remaining volume share worth ~% of total sales volume in 2016 .
Philippines cultures market generated volume share of ~% in 2016 while emulsifiers market generated volume share of ~% in 2016 . Philippines botanical extracts market on the other hand generated volume share of ~% in 2016 and carotenoids market generated volume share of ~% in 2016 .
By Products Imported and Locally Manufactured
Imports of food ingredients majorly dominated Philippines food ingredients market with revenue share worth ~% in the year 2016 . Whereas , locally manufactured food ingredients captured the remaining revenue share worth ~% in the year 2016 .
By Food and Beverages
The processed foods segment including meal replacement and packaged foods collectively dominated Philippines food ingredients market with volume share of ~% in the year 2016 . Artificial sweeteners , synthetic Trans ’ fats , artificial flavors , Monosodium Glutamate ( MSG ), artificial colors , high-fructose corn syrup and preservatives were majorly used in processed foods in the country . On the other hand , the beverages segment captured the remaining volume share worth ~% in the Philippines food ingredients market in 2016 .
Comparative Landscape in Philippines Food Ingredients Market
Philippines food ingredients market is highly concentrated with the presence of manufacturers such as BNC Ingredients Corporation Philippines , TNC Chemicals Philippines Inc , Actron Industries Inc , NECO Chemicals Philippines Inc , Versa Group Philippines Corporation , DU Pont Philippines , New Flavor House Inc , SBS Philippines Corporation , Kerry Food Ingredients Philippines Inc and other players such as Achievers Food & Bakery Ingredients Corp and Applied Food Ingredients . Players operating in the food ingredients market compete on the basis of pricing , brand value , production capacity , domestic manufacturing / import and others . Local tastes and modern interpretations of Filipino dishes has led to growing popularity of Filipino cuisines over the globe , thus , driving the demand for mostly used food ingredients such as food flavors , sweeteners , food colors , preservatives and fragrance .