Market Research Reports - Ken Research Import Volume Food Ingredients Philippines

Philippines Food Ingredients Market is Led by Natural / Organic Food Ingredients with the
Increase in Health Consciousness among Filipinos: Ken Research
Demand for organic food ingredients in the Philippines is likely to grow owing to rising
consumer interest towards healthy and nutritious food items which is evident from their
willingness to pay more for organic, sustainably sourced and natural products.
The report titled “Philippines Food Ingredients Market By Type of Food Ingredients (Flavors,
Sweeteners, Colors, Preservatives, Fragrance, Acidulants, Cultures, Proteins, Emulsifiers and
Co-Emulsifiers, Minerals, Carotenoids and Others) – Outlook to 2021” by Ken Research
suggested an expected CAGR of 10.1% in revenue and 3.5% in sales volume of food ingredients
in the Philippines for the projected period 2017-2021.
Increasing health awareness in the Philippines has led to a shift of consumers from using
artificial and unhealthy food ingredients to natural and organic food ingredients. Rising
disposable income in the Philippines has further resulted in the development of health and
wellness packaged foods and beverages in the country. Due to increase in GDP and purchasing
power, the market of food ingredients is getting popular in the Philippines as the consumers are
willing to adopt a lifestyle change, thus buying premium products as well as making health a top
priority. Features like sustainable and local sourcing, organic and GMO-Free food ingredients
have gained consumer attention, especially millennials. Their willingness to pay more for
organic, sustainably sourced and natural products indicates that there is more efforts required
towards natural ingredients. Furthermore, attention is given to e-commerce industry by
retailers as well as manufacturers. Social networking websites and advertisements were proved
as the most effective platform to communicate the consumers in Philippines which has made
the consumers adapt to natural / organic products for their betterment. Additionally, people
are becoming conscious about their health owing to increasing obesity and cardiovascular
diseases in the country. Food ingredient manufacturers in the Philippines are focusing on
launching new products with more proportion of natural ingredients as well as importing good
quality food ingredients from major countries such as US, UK, Netherlands and others.
Key Topics Covered in the Report
Food Colorants Industry Philippines
Philippines Sweeteners Market
Amino Acids Market in Philippines
Food Anti-Oxidants Market Philippines