Global Market Research Reports : Ken Research: Philippines Food flavors Trends

Tuesday, January 16, 2018

Philippines Food Ingredients Market is Expected to Reach USD 1.4 billion in Revenue by 2021: Ken Research

Philippines food ingredients market segmentation by type of food ingredients (flavors, sweeteners, colors, preservatives, fragrance and others); by food and beverages and by products imported and locally manufactured; company profile of major players (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).

Substantial investment proposed in key segments such as food flavors and sweeteners is expected to drive the demand for Philippines food ingredients market in the near future.

The Philippines is expected to gain more recognition as an emerging country, whose indigenous ingredients and culinary excellence are increasingly finding the way into world cuisine.

Globalization and modernization has changed the lifestyle of the people living in the Philippines, which in turn changed the food habits and will continue to do the same in near future.

Peruvian chilies such as Rocoto, Aji Amarillo, and Aji Panca paired with Lime, Rice Vinegar, Yuzu, Tamarind, Meyer Lemon, Cranberry, Kumquats, and Ponzu are expected to gain popularity in terms of food flavors to elevate the eating experience amongst the Philippine population.

Along with the shift in consumer demands from processed foods to healthier options, manufacturers in the Philippines have the opportunity to spice up their brand and tailor their products, or even introduce new products.

Furthermore, growing awareness among the Philippine population regarding their dietary sugar intake is further expected to drive the demand for natural sweeteners / sugar substitutes such as coconut sugar in the Philippines.

Usage of modern techniques for instance, 3D additive manufacturing technology can be used together with other processes to copy existing products or to develop completely new ones.

Similarly, food scanners are further expected to boost the demand for food ingredients market in the Philippines, thus informing users about specific ingredients coupled with macro / micro nutrients.

Ken Research in its latest study, “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” suggested that 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 and Kerry Food Ingredients Philippines Inc. will remain the major players operating in Philippines Food Ingredients market.

Philippines Food Ingredients market is estimated to register a positive CAGR for both revenues and consumption volume during the forecast period 2017-2021. The market is moving towards significant consolidation on account of rising processed meat and seafood, ready-to-eat meals, baked goods and soft drinks in the country, which is expected to showcase a rise in demand for food ingredients in the Philippines Food Ingredients market in near future.

The report provides information on market size of Philippines food ingredients market; market segmentation by type of food ingredients, by food and beverages and by products imported and locally manufactured.

Key Topics Covered in the Report

Food Enzymes Emulsifiers Sales Philippines

Food Ingredients DuPont Sales

Philippines Sweeteners Market

Philippines Fragrance Market Revenue

Philippines Food Color Sales

Philippines Preservatives Market

Amino Acids Market in Philippines

Food Colorants Industry Philippines

Other Food Ingredients in the Philippines

For more information on the research report, refer to below link:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/philippines-food-ingredients-market/142452-11.html

Related Reports by Ken Research

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/china-organic-food-market-report/29848-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/europe-organic-food-and-beverages-industry-research-report/338-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/india-organic-food-beverage-market-research-report/611-11.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-124-4230204

Monday, January 15, 2018

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.